5paisa Capital reported a marginal rise in net profit for the June quarter, supported by double-digit revenue growth, even as its EBITDA margin narrowed on a year-on-year basis. 5paisa Capital reported a 0.2% year-on-year rise in consolidated net profit to ₹11.6 crore for the quarter ended June, compared with ₹11.5 crore in the corresponding period…
Wipro Ltd’s first-quarter FY27 earnings may have offered little cheer on growth, but the company’s message was loud and clear: artificial intelligence is now at the centre of its strategy. After reporting just 0.9% year-on-year (YoY) growth in IT services revenue and an operating margin that slipped to a 15-quarter low of 16%, Wipro’s post-earnings…
The choppy movement in the market extended into a third consecutive session on Thursday, with the Nifty ending marginally lower. It was another lacklustre trading session, as the benchmark index failed to hold on to its early gains. Nifty opened on a positive note and briefly climbed close to the week’s high, but buying interest…
Tyre manufacturer CEAT Ltdon Thursday (July 16) reported a 96.4% year-on-year decline in net profit to ₹4 crore for the first quarter of financial year 2026-27 (Q1 FY27), compared with ₹112 crore in the same quarter last year. The company’s revenue increased 22.4% year-on-year to ₹4,318 crore in Q1 FY27 from ₹3,529 crore in Q1…
HCLTech has signed a seven-year agreement with The Guardian Life Insurance Company of America (Guardian) that expands the companies’ existing partnership and includes the acquisition of Guardian India, the insurer’s global capability centre, with nearly 2,000 employees joining the Indian information technology services company. The agreement will see HCLTech establish a dedicated Strategic Business Unit…
Domestic institutional investors (DIIs) extended their buying streak to a seventh consecutive session on Thursday, purchasing equities worth ₹2,986.41 crore, even as foreign institutional investors (FIIs) remained net sellers and offloaded shares worth ₹4,205.56 crore, according to provisional exchange data. Exchange data showed FIIs bought equities worth ₹13,576.08 crore and sold ₹17,781.64 crore during the…
Thrissur-based lender South Indian Bank Ltd on Thursday (July 16) said its board has approved a proposal to raise up to ₹1,000 crore through issuance of debt instruments and securities, including non-convertible debentures (NCDs), bonds and other eligible securities. The proposed fundraising will be carried out in Indian currency or equivalent foreign currency through domestic…
From Tech Mahindra, Wipro, and Piramal Finance reporting its June quarter earning to Sky Gold and Diamonds’ subsidiary suffering a financial loss foll…Read More 1/7 Tech Mahindra Ltd | The company reported a June quarter profit that missed Street estimates, aided by strong sequential growth and margin expansion. The IT services company also reported deal…
Wipro’s Wipro, July 16, offered a reminder that strong deal wins don’t always translate into stronger profitability. While the company signed 13 large deals and reported $1.63 billion in large deal bookings, its operating margin fell to a 15-quarter low of 16%, with management saying recovery will take “a few quarters” as it absorbs the…
Jio Financial Services Ltd (JFS) on Thursday (July 16) reported consolidated profit after tax (PAT) of ₹830 crore for the quarter ended June 30, 2026 (Q1 FY27), up 156% year-on-year. The consolidated total income excluding dividend income stood at ₹1,496 crore, rising 141% year-on-year. The company’s Pre-Provisioning Operating Profit (PPOP), excluding dividend income, increased 38%…
