Most listed corporate entities in the country are in a fix. With the sudden declaration in late March of a nationwide lockdown to tackle the Covid-19 pandemic, the final calculations of their financial results for the year 2019-20 (FY20) are hanging in limbo. Till April 19, only 41 of the 3,947 companies listed on the BSE have managed to finalise the dates for the declaration of their yearly financial results.
Infosys had guided for a revenue growth in the range of 11.5-13.5%, which has now been lowered to 10-12%.
With the lockdown in force, live online teaching has become the order of the day, report Peerzada Abrar and Sai Ishwar.
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HCL Technologies has to fine-tune strategies to improve performance in the March quarter.
On Aug 28-31, an average of 1.5 mn e-filed tax returns a day, against IRCTC's daily average bookings of 600,000 & Flipkart's 100,000.
Analysts are of the opinion that 55 may emerge as the new age to retire for techies in India
AI, cloud computing, data analytics are a few areas companies are looking for proficiency in
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Its market capitalisation tops those of the 3 largest Indian firms combined
Mid-sized IT firms have stepped up hiring in the current fiscal year, adding more than half as many employees in the first quarter of FY19 as compared to the whole of the previous financial year. This momentum is likely to continue for the rest of 2018-19 (FY19) as well.
Bloomberg estimates revenue at Rs 25,328 crore, up 4.6per cent sequentially and EBITDA margin of 27.2per cent
They need to upgrade their skills and become smaller, smarter organisations, says Devangshu Datta.
Good growth in BFSI segment, favourable currency to aid the company in Dec quarter
There was an uptick in clients' spends in the digital segment.
TCS has done better than Infosys in sequential and yearly revenue growth so far this financial year.
Wipro, Steel Authority of India, HDFC Bank, Mahanagar Telephone Nigam, Bharat Heavy Electricals and Reliance Commnications among companies reporting a decline in headcount in FY17.
Largest industry gift to CMU and largest gift from outside US will support new facility and student scholarships
The turmoil on the Street and a continued fall of the rupee may affect growth stocks, pushing equity investors back to the relative safety of defensive counters, or forcing them to flee markets, or both.
Dividend pay-out by the group companies grew at a compounded annual rate of 15.7% under Cyrus, sharply up from 2.5% in the previous three years
Along with a robust set of numbers, the management too sounded confident of its growth prospects
The company hires postgraduate and PhD students from A+ grade institutes to be part of its research team.
A 150 basis points fall in realisations too weighed on the top-line.
The Tata Group has close to 110 companies and Chandrasekaran plans to bring this number down to around five or six.
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With its Mitsubishi JV beginning operations this quarter, analysts expect meaningful revenue addition
Most of the large mid-caps share similar business model as the large-caps and have more of less similar set of clients.
TCS, Infosys do well but Wipro & HCL disappoint analysts; however, outlook for FY17 bullish in general.
Company says faults, which were noticed soon after system upgrade on March 27, have been rectified
On the other hand, the group's two traditional cash cows, TCS and Tata Motors' subsidiary Jaguar Land Rover, are slowing as other businesses pick up pace
With cash shortage and plans going awry, the AirAsia owner is looking to cash out of the venture he built with Ratan Tata in 2013.
In July-Sept 2016-2017, TCS had missed street expectations with 7.8% growth in revenue.
The number of applications filed for H-1B visa this year was around 40 per cent higher than a year ago.
Market cap touches Rs 5 lakh crore; earnings growth to spurt in FY19
the Sensex lost 23 points to close at 28,185 levels and the Nifty shed 7 points to end at 8,515 mark.
Paid Rs 15,474 cr against CIL's Rs 13,075 cr in FY15
50-odd biz leaders are part of Modi's entourage for the 3-nation tour
Firms to find alternative export routes or face increased trade barriers
As with TCS, most companies put their money in mutual funds, corporate bonds and bank deposits, which are losing their appeal versus government bonds in terms of both returns and safety.
The S&P BSE Sensex ended up 28 points at 25,844 and the Nifty50 ended flat at 7,915.
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