Wipro management on Q3 revenues, wage hike impact and Q4 order pipeline
Wipro’s CFO Aparna Iyer announced that the wage hike implemented in September has been fully absorbed, contributing to a Q3 operating margin of 17.5%. The deal pipeline remains robust, focusing on cost optimization and transformation investments. Attrition levels have marginally increased, but a positive outlook for AI, data, and cloud services sustains demand.
Will Trump’s tariff policies further impact global trade dynamics? Punita Kumar Sinha answers
So, I think markets are going to move a lot with policy announcements and that means that there could be volatility in the markets and it could be up days and down days based on what announcements are made and what that would mean for various companies and geographies.
RBL Bank shares skid 6% after Q3 net profit plummets 86% YoY to Rs 33 crore
RBL Bank shares dropped by 5.9% due to an 86% YoY decline in net profit for the December quarter, mainly from microloan issues. Core net interest income rose slightly, but net interest margin fell. CEO Subramaniakumar noted improvements in collection efficiency and expected recovery in microfinance and credit card segments over the coming quarters.
Indian Hotels shares tumble 4% after company posts Q3 profit at Rs 633 crore
Indian Hotels shares: Tata Group-backed IHCL shares fell 3.9% to Rs 782.20 despite reporting a 33% rise in quarterly profit to Rs 633 crore and a 29% increase in revenue to Rs 2,592 crore. CEO Puneet Chhatwal highlighted plans for 700 hotels by 2030 and remained optimistic about sector growth.
Trump 2.0 | Executive orders and tariffs could reshape global markets: Adrian Mowat
So, countries like Vietnam that might have benefited from people moving capacity from China to Vietnam but effectively importing a lot from China and processing in Vietnam, those types of situations being under more pressure.
Rising consumption and ongoing premiumisation is a story for India: Jonathan Schiessl
Jonathan Schiessl, Deputy CIO of Westminster Asset Management, remains optimistic about stock returns despite expected volatility with Trump 2.0. He highlights market differences from Trump’s first term, including higher interest rates and inflation, and maintains strong positions in India and emerging markets for long-term growth. Sectors like defence and consumer plays are seen as promising.
IREDA shares rise 1.1% as board announces meeting date for fund raise via QIP
IREDA shares rose by 1.1% to Rs 209.50 on news of a board meeting set for January 23, 2025, to approve fund-raising via Qualified Institutional Placement (QIP). IREDA announced a 27% YoY net profit increase to Rs 425.38 crore in Q3 FY25, with a 35.6% rise in revenue. Analysts give a ‘Hold’ recommendation with a […]
Positive Breakout: These 3 stocks cross above their 200 DMAs
In the Nifty200 pack, three stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on January 17, according to stockedge.com’s technical scan data.
Barflex Polyfilms IPO listing today. Check GMP ahead of debut
Shares of Barflex Polyfilms are set to debut on the NSE SME platform with a 21% premium over the issue price, supported by strong investor response. Funds from the IPO will be utilized for capital expenditure and business expansion, aiming for significant growth in the flexible packaging materials sector.
Q3 results today: Zomato, Paytm among 37 companies to announce earnings on Monday
On Monday, key third-quarter earnings results will be announced by 37 companies, including Zomato and Paytm. Zomato is projected to see significant YoY revenue growth due to strong operations, while Paytm’s revenue is expected to decline by 35-36%. Blinkit and other businesses also show varying performance.