TCS likely to report margin improvement amid muted revenue growth for Q3
Tata Consultancy Services (TCS) is expected to report 1.1% sequential growth. The company’s rupee denominated revenue is expected to increase at a faster rate of 3.2% sequentially to Rs 57,099.4 crore aided by a 2.9% sequential depreciation in the currency against the dollar considering the quarterly average rates. Net profit is likely to grow by […]
Optimism makes a comeback on Wall Street on hopes of soft landing
Yardeni, who doesn’t rule out the possibility of a hard landing, sees opportunities in financial, industrial, energy and technology stocks that he says now look much cheaper than they did last year.
FPIs dump Indian IT stocks worth Rs 72,000 cr in 2022 over recession fears
Overseas fund managers have been dumping IT stocks since the beginning of last year on concerns over recession and lower technology spending in the US and Europe. The Nifty IT index declined 25% in 2022 compared to a 1% gain by the Nifty index.