" Among the majors-Tata Consultancy Services (TCS), Infosys, HCLTech, and Wipro-it is the Bengaluru-based Infosys that has performed better, which was also evident in its full-year revenue guidance.
The impact of the results of the top player was evident on the Sensex as well. Benchmark indices notched up new record highs on July 18, with the benchmark Nifty nearing the 25,000 mark, boosted by a rally in information technology (IT) stocks on earnings optimism.
TCS, Infosys and HCLTech managed to beat estimates, Wipro's number missed Street estimates, especially on revenue growth.
Infosys revised its full-year guidance in the range of 3 to 4 per cent from its earlier 1 per cent to 3 per cent.
This revised guidance also includes an inorganic strategy. Infosys also showed an improvement in revenue, profits, and margins.
Even though the top players have indicated some way that they can see green shoots, they have in the similar tone also said it is still too early to call out if the growth seen in Q1FY25 can be sustained for the full year.
Denne historien er fra July 22, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra July 22, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Alia Bhatt, Diljit Dosanjh, Orry among 10 'riskiest' celebs for online search
If you are a fan of singer Diljit Dosanjh, actor Alia Bhatt or cricketer Virat Kohli, beware of online links about them. They are among 10 celebrities whose names generate the “riskiest” online results, according to a report.
Kolkata slowly gets into Durga Puja spirit
Retail, restaurant, sponsorship gradually recover from the strain of protests and the absence of Bangladeshi shoppers
India's manufacturing under-performance: A new clue from ‘multi-plants'
In Tuesday's piece, we highlighted the rise of the multi-plant phenomenon and showed that when account is taken of it, large plants in India have not grown over time despite a number of favourable developments such as policy liberalisation and contractualisation of labour. We also documented their lower productivity, which could explain in part why Indian firms did not become competitive internationally, especially in labour-intensive sectors.
CRISIL expects 25% hit on discount brokers' PBT over regulatory changes
A raft of regulatory measures by the Securities and Exchange Board of India (Sebi) is expected to hit the profitability of brokerages, particularly those operating the discount model. The estimated hit could be around 25 per cent of their profit before tax (PBT), said CRISIL Ratings in a note on Tuesday.
Low on equities, hybrids withstand mkt turmoil
BAFs decline 2.7% on average compared to a 5.4% fall in Nifty 50
Sebi issues checklist for AIFs to curb circumvention
The Securities and Exchange Board of India (Sebi) on Tuesday issued fresh guidelines on due diligence of investors in the alternative investment funds (AIFs) to prevent circumvention of norms and ever-greening of loans.
Ultratech better placed amid recovery hopes
The cement industry struggled through the July-September quarter (Q2) of financial year 2025 (FY25) due to seasonal factors and high competitive intensity.
Time to flip the script and turn the page on India stocks? Experts weigh in
Recent developments - geopolitical flare-ups in West Asia that have triggered an 18 per cent increase in crude oil prices to around $80 a barrel in just a few days, stimulus measures announced by China to prop up its economy, and the lofty valuation of Indian markets (23x one-year forward earnings) - have prompted foreign portfolio investors to dump Indian stocks worth over ₹30,000 crore in the first four trading days of October.
MFISRO to review indebtedness compliance
Micro Finance Industry Network (MFIN), a self-regulatory organisation for the microfinance sector, will review the compliance of its members regarding norms to restrict the number of lenders per borrower to four, and the limit of total microfinance indebtedness to ₹200,000.
LIC reduces 1st-year agent payout to 28% from 35%
First insurer to change commission after revision in surrender value norms
