The Street shrugged off a muted first quarter of financial year 2023-24 (Q1FY24) and a cautious near-term outlook by India's largest information technology (IT) services company, Tata Consultancy Services (TCS). The stock was the top Nifty50 and Sensex gainer on Thursday, rising 2.5 per cent, as investors took comfort from a robust order book and an encouraging pipeline. Like its larger peer, HCL Technologies' (HCL Tech), too fell short of the Street's expectations on the revenue and margin fronts given cuts in discretionary expenditure.
The pandemic is taking a deep, emotional, scarring toll. Will we survive, asks Shruti Vyas. If we do, will we be the same?
A total of 3,30,27,661 people had applied to be included in the NRC. Of them, 3,11,21,004 have been included in the document and 19,06,657 excluded.
'Every Indian who is concerned about the unity, integrity and the map of India should be worried about this growing divide.'
Bangladeshis on Sunday began voting in the general elections expected to be won by Prime Minister Sheikh Hasina in the absence of the main Opposition Bangladesh Nationalist Party (BNP) which is boycotting it.
Despite uncertain times and market volatility ahead, investors should continue with their disciplined investing via SIPs.
'If money is spent on good projects, then it is explainable, especially in deflationary circumstances. To boost demand, there is a need to increase spending,' Justin Yifu Lin, chief economist, World Bank.
The Indian team's tour of South Africa will go ahead with some changes to the schedule which will not feature T20 Internationals as planned earlier, BCCI secretary Jay Shah said.
After registering a runner-up finish in the Qatar Open, Andy Murray set himself a target of registering 800 career wins.
Religion matters. Aspirational India is still poor. India admires strong leaders. India values decency. Shreekant Sambrani highlights the reasons why the BJP pulled off improbable victories in the Hindi heartland.
First and foremost, choosing an insurance policy must be based on your current and projected income or simply put your current and projected ability to pay the insurance premiums, your medical state, your age, future financial plans, etc.
India's only individual Olympic gold medallist Abhinav Bindra on Friday lauded the Tokyo-bound athletes for showing great determination and achieving the 'exceptional' feat of qualifying for the Summer Games in the face of the COVID-19 adversity.
The Supreme Court said on Thursday that once a government is democratically elected in accordance with law, there is a presumption that it enjoys the confidence of the house and there must exist some objective material to dislodge this presumption.
Chat with renowned financial planner Gaurav Mashruwala to get tips on how manage your finances wisely.
Chris Gayle has resigned as the captain of the West Indies cricket team, according to WICB CEO Donald Peters, who is also speculated to be sent on leave, indicating uncertain times for the Board ahead of the Champions Trophy.
'It would have made (Producer) Ramesh Taurani very happy if I taken two Bombay stars, but the reason why I kept mentally rejecting the regular sort of casting was to discover this excitement, you know, can I crack it?'
'It will send a very strong signal that it is now our time to grow.'
Reserve Bank of India governor Y V Reddy defended his decision to keep the rates unchanged by saying that all stakeholders should pay an uncertainty premia during uncertain times.
The Reserve Bank on Wednesday retained the GDP growth forecast at 9.5 per cent for the current fiscal but cautioned that the economic recovery is not yet strong enough to be self-sustaining and durable.
The regular Indian cricket fan is usually stoic, but ahead of the ODI World Cup at home, he is frustrated and angry.
'I think we've seen as well just how small and how tight the cricket world can be. I'm sure that he would've received a lot of well-wishes from all parts of the world, the cricket-loving fraternity, that would've sent some messages of support to him and the rest of his family in obviously what is a really difficult time for them.'
The criticism that the Reserve Bank of India was behind the curve in hiking interest rate to tame rising inflation is unfair, former RBI Governor D Subbarao said on Wednesday and asserted that it is difficult for any central bank to anticipate the future more accurately. Earlier this month, Monetary Policy Committee (MPC), the central bank's rate-setting panel, surprised the markets with a 40 basis points hike in repo rate in an off-cycle policy meeting. It was also the first rate hike after August 2018, amid spiralling inflation.
Currently, TCS is India's second most valuable firm after Reliance Industries, which has a market cap of nearly Rs 12.9 trillion.
The timeline for disinvestment of Air India and Bharat Petroleum Corporation (BPCL) may be pushed by two to three months due to impact of the second Covid-19 wave. However, the government is confident of wrapping up the sale of the two companies by FY22 and meeting the disinvestment target of Rs 1.75 trillion. This will be achieved by sale of government stake in core and non-core public sector undertakings (PSUs).
The T20 World Cup is still six months away and ICC said it will take a decision after consulting all stakeholders, including the Australian government.
Non-life insurers can sell both, benefit-based and indemnity-based short-term health covers.
Stocks mutual funds had invested in had risen almost to pre-pandemic levels in March.
Banks may become more cautious in extending loans, as more and more farmers may take loans, relying on the assurance that a debt relief commission will back them in the event of default.
Slowing growth and execution challenges for Cognizant (CTSH) may well allow Infosys to overtake the former after a decade. Cognizant had marched ahead of Infosys in terms of revenue in the first quarter of financial year 2012-13. The Nasdaq-listed IT services firm's performance in Q3 and the guidance for Q4 and full-year 2022 suggest that it could take time for Cognizant to see the expected improvement in performance from its decision to restructure.
India's largest IT services player Tata Consultancy Services (TCS) saw its $2 billion, 10-year deal with Transamerica Life Insurance Company come to an end even before the period was over. Transamerica is the subsidiary of American arm of Dutch insurer Aegon NV. This is not the first time such a long-term deal has been called off. Earlier this year, UK's National Employment Savings Trust (NEST), ended a $1.8-billion deal with French IT services player Atos.
Telecom operator Bharti Airtel's CEO has warned customers about rising cases of cyber-frauds, citing a recent instance of a fraudster who posed as company executive and under the guise of updating KYC form, tricked a user into revealing bank details to transfer large amount from the bank account. In an email outreach to subscribers, Gopal Vittal, CEO of Airtel urged users to be vigilant against such cases of cyber fraud that are becoming "alarmingly frequent". Vittal spoke of a recent case where a cyber-fraudster posing as company executive called up an Airtel customer on the pretext of updating his Know Your Customer (KYC) form, tricked him into revealing his bank details and transferred a large sum of money from his bank account.
Johnson's first visit to India as United Kingdom prime minister will begin on April 21 with a trip to Ahmedabad in Gujarat, which is Prime Minister Modi's home state.
Smith said he expects the Indian attack to pose a stiff challenge irrespective of the combination they go with.
The remarks of Dr Parvaiz Koul, director of the SKIMS Hospital in Kashmir, came in the backdrop of the highly transmissible Omicron strains, mostly BF.7, causing a spike in coronavirus cases in many countries, including China.
Calculative risks is what differentiates the successful businesses from the rest, points out Bhargav Varma, co-founder and COO of CiS App, a social networking venture.
Falling market should be an opportunity to invest more in equities and not shift to other asset classes. Keep buying on dips.
Prospective buyers must make a well-considered decision regarding whether this is the right time to buy a house, particularly with home loan rates at near-peak levels, and the risk of job losses looming in many sectors.
Half the stocks in the Nifty 100 index have seen a reduction in their target price by analysts this year due to fears of lacklustre earnings growth and uncertain economic environment. Adani Green Energy, FSN E-Commerce (Nykaa), Adani Ports & SEZ and Indus Towers are among the companies that have seen the maximum cut in TPs during the first three months of calendar 2023, shows Bloomberg data. On the other hand, Canara Bank, JSW Steel and Bank of Baroda have seen the highest increase in TPs.
Manchester United manager Alex Ferguson said there was still no return date set for defender Rio Ferdinand who is sidelined by a recurring back problem.
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