Deals bagged by top 4 IT firms increase by 32% in FY24

[ad_1] Even as business slowed for IT firms in FY24, these firms reported improvement in their order book going from FY23 to FY24. According to data shared by CareEdge – total deal wins for FY24 for the four IT firms,...

IT firms’ margins hit a three-year low in FY24

[ad_1] Margins for top Indian IT firms, excluding TCS, hit the lowest in three years during FY24. As economic troubles starting with the war in Ukraine spelled trouble for Western markets like Europe, firms have largely been reporting declining margins...

Stocks that will see action today: April 16, 2024

[ad_1] The National Company Law Appellate Tribunal (NCLAT) will hear IDBI Bank and Axis Finance’s plea on May 17 against the merger of Zee Entertainment Enterprises Ltd with Sony Pictures Networks India. A two-member bench of the appellate tribunal on...

Stock that will see action today: 3 April 2024

[ad_1] Ganesh Benzoplast has announced unauthorised borrowings in subsidiary GBL Chemical Ltd. It has been brought to our attention that an unauthorised bank account was opened and operated in the name of Ganesh Benzoplast Ltd’s wholly owned subsidiary GBL Chemical...

Nifty, Sensex trade flat; IT stocks drag

[ad_1] Benchmark indices traded flat intra-day after opening lower in the morning trade. BSE Sensex traded at 72,816.03, up by 174.84 pts or 0.24 per cent as of 12.25 pm, Nifty 50 traded at 22,083.70, up by 71.75 pts or...

Sensex, Nifty open lower; IT stocks underperform

[ad_1] Equity markets open lower on Friday. The Sensex declined by 222.49 pts or 0.31 per cent to trade at 72,418.70 as of 9.38 am, while the Nifty 50 was down by 56.70 pts or 0.26 per cent to trade...