Reliance Industries Ltd's, the most valued firm, valuation tanked by Rs 39,355.06 crore to Rs 13,89,159.20 crore
Indian IT firms say workplace-independent model, local hiring will help them meet challenge
A fresh put writing at 24,000 strike indicates that put writers are shifting the base higher and we might see further upside move on the back of a short-covering rally
Dollar revenues stood at $2,507 million, a 4.5 per cent rise in constant currency terms over the previous quarter
US elections, a seasonally weak Q3, and sharp stock gains are weighing on return expectations
Since we have done very well in Q2, we have to deliver the incremental growth in Q3 and Q4 on this expanded base, said Vijayakumar
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The stock has outperformed the market by surging 81 per cent in the past six months, against 31 per cent rise in the S&P BSE Sensex
On a sequential basis, net profit was 7.4% higher from Rs 2,925 crore, while top line was higher by 4.2% from Rs 17,841 crore in June 2020 quarter
Thus far in the financial year 2020-21, the IT index has outperformed the market by surging 74%, as compared to a 38% rise in the Sensex till Wednesday.
Analysts at IDBI Capital forecast revenue growth of 3.9 per cent QoQ in constant currency.
The company expects the revenue and the operating margin for Q2FY21 to be meaningfully better than the top end of the guidance it had provided in July 2020
The top four Indian IT firms have cash reserves of nearly $15 billion
The better-than-expected performance in the outsourcing business has indicated the recovery of revenue growth for Indian IT firms too, and may happen sooner than expected
The transaction is expected to close in December 2020, subject to closing conditions, including regulatory approvals
The transaction is expected to close in December 2020, subject to closing conditions, including regulatory approvals
The acquisition is expected to be completed by December 2020.
This was the best day-one performance for an IPO since IRCTC in October last year, when the shares of the state-owned company gained 127 per cent
HCL Tech hit a fresh record high of Rs 817.45 on the BSE on Thursday, rallying 13% in the past four days
Indirect emissions account for a major chunk of emissions by Indian IT firms