Helios Capital expects artificial intelligence (AI) to continue reshaping the IT services industry, making growth difficult to predict, while new-age businesses offer stronger long-term opportunities, Founder and Fund Manager Samir Arora said. He also expects geopolitical tensions to ease over the next few days, which could help markets move past recent volatility. Arora said he…
Shares of Apar Industries jumped more than 9% after the company reported a strong set of earnings for the quarter ended June, with consolidated net profit rising 77.8% year-on-year to ₹467.5 crore from ₹262.9 crore in the corresponding quarter last year. The stock, however, gave up most of those gains soon after. Revenue from operations…
The benchmark yield at 5% would be psychologically significant for the stock market. A post shared by Sriram Iyer (@grumble_dore) Continue Reading with CNBC-TV18 Access Membership Priority Access and Networking: CNBC-TV18’s flagship events Interaction with CNBC-TV18’s journalists Webinars & LIVE Q&As with India Inc. Leaders Exclusive CNBC-TV18 studio & newsroom tours Premium business insights, expert…
Shares of Ramco Systems hit the 10% lower circuit on Friday, July 24, after the enterprise software company reported a sharp decline in June-quarter earnings, with margins falling to their lowest level since the December 2024 quarter. The stock was locked at ₹710.95 after the company reported a 97.8% year-on-year decline in net profit for…
Rajaratan Global Wire shares were volatile on Friday, July 24, even as the company reported a healthy set of results for the June quarter. The stock recovered from the lows of the day to gain over 4.5% but gave up all of those gains soon after is gain trading with losses The company reported strong…
Larsen and Toubro Ltd. (L&T) on Friday, July 24, said its hi-tech manufacturing arm L&T Heavy Engineering has secured a series of international orders in the “large” category across Asia, Africa, Europe, North and South America. L&T classifies orders in the ₹2,500 crore to ₹5,000 crore range as “large”. The business has secured orders from…
Indian stock markets declined nearly 1% as rising geopolitical tensions, soaring crude oil prices, a weaker rupee, and global market weakness weighed on investor sentiment. (Image: Canva/ET Now) Stock Market Down Today: Indian equity benchmarks extended their losses on Friday, with both the Sensex and Nifty slipping 1 per cent amid rising geopolitical tensions, soaring…
Coforge on Friday, July 24, announced that it has secured a five-year contract valued at more than $230 million with a major European client for an artificial intelligence (AI)-led transformation programme. The company said the engagement is one of the largest AI-led transformation programmes it has won in Europe and will combine Low-Code/No-Code platforms with…
Three US-based shareholder law firms have launched separate investigations into HDFC Bank over potential violations of US federal securities laws, following media reports earlier this year surrounding the lender’s internal probe into alleged irregular payments and broader governance concerns. The investigations have been announced by Glancy Prongay Wolke & Rotter LLP, the Law Offices of…
Namit Singh Sengar is a Chief Copy Editor with over seven years of experience in delivering content across diverse domains. Specialising in business news across personal finance, real estate, IPOs and markets, Namit brings an editorial eye and a deep understanding of complex subjects to his work. His educational foundation includes Post Graduate Diploma in…
