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Tech Mahindra Q3 Results Preview: Tech Mahindra — India’s fifth largest IT services company by sales — is likely to report a 1.2 per cent increase in net profit sequentially to Rs 1,300 crore for the quarter ended December 2022, according to Journalpur Business research. The IT major will report its quarterly financial results on Monday, January 30. Its … Read more
Foreign portfolio investors have pulled out a net of over Rs 17,000 crore this month so far due to the attractiveness of the Chinese markets and the cautious stance adopted ahead of the Union Budget and US Federal Reserve meeting. FPIs withdraw Rs 17000 cr from Indian equities in January so far; adopt cautious stance … Read more
As semiconductor supplies still remain challenging and unpredictable, Maruti Suzuki India continues to witness an impact on its production, according to the company’s Chief Financial Officer Ajay Seth. Maruti faces semiconductor shortage, witnesses impact on production In order to deal with the situation, the auto major is now working on ways to maximise its output … Read more
BEL Dividend 2023 Record Date: Bharat Electronics Limited (BEL), NSE: BEL, has announced to pay an interim dividend to its shareholders. According to an exchange filing by the government-owned company, the board has declared the second interim dividend for the financial year 2022-23. As per the filing, the Navratna Defence PSU will pay 60 per … Read more
Ahead of her India visit for “foreign office consultations” Under Secretary of State for Political Affairs, Victoria Nuland, has told lawmakers that the US needs to help India find alternatives to Russian military equipment and that is part of the “job we have to do.” Nuland is travelling to India as part of a four-nation … Read more
Investments by private equity and venture capital funds declined by nearly a third to USD 54.2 billion in 2022, which was characterised by a ‘funding winter’ after consecutive years of surge. Even after the decline, the year was the second best for India in terms of bets taken by such long term investors on growing … Read more
Adani Group on Saturday clarified that there won’t be any change in the price or the dates of a follow-up share sale worth Rs 20,000 crore at the conglomerate’s flagship firm. Adani Group rules out changes in price, dates of FPO; company confident offer share sales going through Despite the group’s stocks being hammered below … Read more