The consolidated net profit for HCL Technologies’ fourth quarter, which ended in March, decreased by 8.4% to Rs 3,986 crore on Friday. This was a significant decrease from the street predictions of Rs 4,123 crore. For the quarter that ended in December, the nation’s third-largest provider of IT services reported a net profit of Rs…
Read More “HCLTech’s profit decreases by 8.4% to Rs 3,986 crore” »
Adani shares: A Bloomberg report on Monday suggested that the US government may have broadened the scope of its investigation, which resulted in a 2-4% decrease in the value of Adani Group companies’ shares. Adani Ports and Special Economic Zone saw a decrease of more than 3% to Rs 1,227.25, while Adani Enterprises, the group’s…
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A 2.17 percent stake in the financially troubled Indian fintech unicorn Paytm has been trimmed by the Japanese investment giant SoftBank Group Corporation, according to Reuters. In an exchange filing from February 29, the stake sale was visible. In September 2022, the conglomerate owned 17.5% of Paytm; that amount has since dropped to 2.83 percent…
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On Monday, Bloomberg Index Services suggested adding Indian government securities (G-secs) to its emerging market (EM) local currency index starting in September. This proposal has the potential to attract billions of dollars in capital inflows into India. This occurs four months after JPMorgan’s EM index added Indian gilts. Finance Minister Nirmala Sitharaman stated that JPMorgan’s…
