Tata Consultancy Services (TCS) on Thursday posted Rs 11,909 crore in net profit — a drop of 1.1 per cent quarter-on-quarter but a 5 per cent growth year-on-year — for the July-September period (Q2) this fiscal. The revenue of the IT services major rose to Rs 64,259 crore, a YoY growth of 7.6 per cent, … Read more
Indian shares ended marginally higher on Thursday as a drop in information technology stocks weighed on gains in financials, while markets awaited a key U.S. inflation report. The Nifty 50 index rose 0.07% to 24,998.45, while the S&P BSE Sensex added 0.18% to 81,611.41. The indexes rose about 0.6% each earlier in the session. IT … Read more
Power Grid Corporation of India is currently trading at Rs. 333.60, up by 3.85 points or 1.17% from its previous closing of Rs. 329.75 on the BSE. The scrip opened at Rs. 330.85 and has touched a high and low of Rs. 338.00 and Rs. 330.10 respectively. So far 278673 shares were traded on the … Read more
Leading industry chambers on Thursday remembered Ratan Tata as a leader, nation builder, philanthropist, a global entrepreneur and much more. Chandrajit Banerjee, Director General, Confederation of Indian Industry (CII) said his kind, soft and gracious nature, in spite of his stature, was inspirational and rare. “His advice to us at CII was always insightful … Read more
Diamond Power Infrastructure is currently trading at upper limit of Rs. 1433.25, up by 68.25 points or 5.00% from its previous closing of Rs. 1365.00 on the BSE. The scrip opened at Rs. 1430.00 and has touched a high and low of Rs. 1433.25 and Rs. 1430.00 respectively. So far 1526 shares were traded on … Read more
The Indian auto sector saw 32 deals worth $1.9 billion in the July-September period, marking the highest quarterly activity since Q4 2021, according to a report on Thursday. There was robust deal activity in both volumes and values, showcasing the auto sector's resilience and attractiveness to investors, according to the report by Grant Thornton Bharat. … Read more
Credit rating agency ICRA in its latest report has said that the Indian construction entities are likely to maintain healthy revenue growth in FY25 with a projected YoY growth of 12-15% in this fiscal, aided by an adequate order book position and the government’s thrust on infrastructure activity. The aggregate order book-to-sales ratio of ICRA's … Read more
The overall air cargo volumes in India is projected to witness healthy growth of around 9-11 per cent (year-on-year) to around 3.6-3.7 million tonnes in FY25, according to a report on Thursday. This growth will be supported by 11-13 per cent expansion in international and 4-6 per cent growth in domestic cargo, according to credit … Read more
Top eight listed real estate developers in India have reduced their net debt by over 54 per cent in the first quarter of current fiscal (FY25) from the previous peak in FY19, a report showed on Thursday. The net debt of these companies collectively reduced to about Rs 20,808 crore in Q1 FY25, from over … Read more
Indian rupee was trading flat against the US dollar on Thursday amid a firm domestic equities, a weaker American currency against major overseas rivals ahead of key US CPI inflation data, and the Reserve Bank of India's unchanged policy rates. Meanwhile, rising global crude oil prices and heavy foreign fund outflows have also kept rupee … Read more