TCS shares fell for the fourth straight day after amid concerns over the impact of Brexit on the Indian outsourcing companies. TCS fell as much as 1.5 per cent today to Rs 2,458.4, extending its losses to 8 per cent in four days. Global brokerage Bank of America Merrill Lynch has downgraded TCS to “underperform” from “buy”, citing the Indian outsourcer’s ... Read More »
Overall, for the Indian IT sector, Bank of America Merrill Lynch sees the earnings of Indian outsourcers to get impacted due to Brexit. More From Market HCL Tech Allots 84,000 Shares Under 2004 Stock Option Plan Rupee Hits 1-Week High Of 67.08, Gains 9 Paise Vedanta Sweetens Terms For Cairn India Merger Cairn India Surges 12% To 52-Week High Federal ... Read More »
IT stocks nosedived on Friday after Britain voted to exit European Union leading to over 10 per cent slump in the British pound against the dollar. The IT sub-index on Bombay Stock Exchange plunged as much as 4 per cent. The pound collapsed to a 31-year low and went into a freefall on Friday after Britain voted to leave the ... Read More »
David Drummond has a simple explanation for why Alphabet Inc., one of the more acquisitive technology companies, has been sitting on its hands for more than a year. “Have you seen the valuations?” Drummond, the corporate development chief for Google’s parent company, said in an interview after the Alphabet annual shareholder meeting June 8. That’s about to change as stratospheric ... Read More »
New Delhi: The cabinet approved on Wednesday an auction of mobile phone airwaves, a government source told Reuters. Earlier this year India’s telecom ministry had proposed sale of airwaves in the 700 Mhz, 800 Mhz, 900 Mhz, 1800 Mhz, 2100 Mhz, 2300 Mhz and 2500 MHz bands. India is the world’s second largest mobile phone market by users after China, ... Read More »
U.S. stocks rose on Tuesday, led by gains in technology shares as Federal Reserve Chair Janet Yellen was optimistic about the economy and played down the risk of a recession, while concern over the upcoming British referendum remained subdued. Yellen, however, warned that the British vote on Thursday on whether to stay in the European Union, alongside a U.S. hiring ... Read More »
IT stocks gained on Monday after rupee fell nearly one per cent to an intraday low of 67.70 against the US dollar. HCL Tech was up as much as 4 per cent to be the top gainer in the Nifty50 index, while Tech Mahindra, TCS and Infosys were all up over 1.5 per cent each. Three out of the top ... Read More »
HIGHLIGHTS Xiaomi has built-in the Gold shade version is combuilt-ing quickly. The Black coloration variant is to be had through Amazon India and Flipkart. The Xiaomi Mi wi-five is priced at Rs. 24,999. Xiaomi India has announced that the Black shade variant of its Mi wi-five flagship phone will pass on salewithbuiltintegrated usa on Friday. The smartphone will be available ... Read More »
The Nifty published sturdy gains after 3 weeks of consolidation and this rally augurs nicely for the Juneseries, stated Kunal Bothra, senior technical analyst with LKP Securities. With international marketstransferring up and Nifty lower back above 200-day shifting common, the begin of subsequentcollection might be around eight,a hundred or eight,200, in an effort to trigger some other round of positivity ... Read More »
shares of Indo Tech Transformers had been locked in higher circuit of 20 per cent at Rs 224.70 after theorganization mentioned strong set of March zone numbers. Chennai primarily based transformer manufacturer, Indo Tech Transformers these days said that itsinternet earnings surged almost 10 times to Rs 10.11 crore from Rs 1.35 crore for the duration of theidentical quarter remaining ... Read More »
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