Shares of HCLTech Ltd. will be in focus on Wednesday, April 22, as the stock will react to its March quarter results that were reported after market hours on Tuesday. The results were weak across parameters. Firstly, the company’s fourth quarter performance was weak. It reported a constant currency revenue decline of 3.3%, compared to…
The Nifty 50 extended its winning streak to a third consecutive session, ending higher after a volatile but upward-biased day. After a muted start with a marginally positive opening, the index gained momentum in the early to mid part of the session, before moving into a range-bound phase towards the close. The Nifty advanced over…
US futures on Wall Street rose late Tuesday after the benchmark indices ended the session lower for the second day in a row. The surge comes after US President Donald Trump yet again extended the ceasefire with Iran, till a unified proposal is made. Futures on the Dow Jones gained as much as 200 points,…
Tata Elxsi reported a strong sequential performance for the March quarter, with net profit nearly doubling to ₹220.4 crore from ₹109 crore in the previous quarter, supported by steady growth and improved operating efficiency. Revenue rose 4.2% quarter-on-quarter to ₹993.8 crore, while EBIT increased 11% to ₹221.3 crore. Margins expanded to 23.36% from 22.01%, reflecting…
Wealth and asset management firm 360 ONE WAM Ltd on Tuesday (April 21) said the company and its wholly owned subsidiary, 360 ONE Prime Ltd, have received assessment orders from the Income Tax Authority raising a total tax demand of ₹336.14 crore for the block period from April 1, 2018, to March 27, 2025. The…
Bengaluru-based defence PSU BEML Ltd on Tuesday (April 21) said it has secured an order from the Ministry of Defence for the supply of trawl assemblies, with a contract value of approximately ₹590 crore. The company said the order has been received in the normal course of business. Last week, Shantanu Roy, Chairman and Managing…
HCL Technologies has guided for a weaker-than-expected FY27, with revenue growth pegged at 1%–4% in constant currency, below Street estimates of 2%–6%. The IT major’s services revenue growth is projected at 1.5%–4.5%, compared to expectations of around 2%–5%. HCL Tech has guided for an EBIT margin band of 17.5%–18.5%, broadly in line with earlier brokerage…
PNC Infratech Ltd on Tuesday (April 21) said it has emerged as the lowest (L1) bidder for two HAM-based National Highway projects floated by the National Highways Authority of India (NHAI), with a combined bid project cost of ₹3,483 crore, excluding GST. The financial bids for the two projects were opened on April 21, 2026….
Wall Street ended lower on Tuesday as investors digested Fed chair nominee Kevin Warsh’s confirmation hearing and a major leadership shake-up at Apple, even as uncertainty around US-Iran negotiations kept sentiment fragile ahead of a looming ceasefire deadline. The Dow Jones Industrial Average fell 293 points, or 0.6%. The S&P 500 and the Nasdaq Composite…
Vedanta Group-backed Hindustan Zinc is set to consider a potential dividend payout at its upcoming board meeting scheduled for April 24, 2026, alongside announcing its financial results for the fourth quarter and full year. In an exchange filing, the company said that a meeting of its board of directors will be held on Friday, April…
