Tata Consultancy Services is projected to reveal a slight increase in dollar-denominated revenue growth for the June quarter, outperforming the previous quarter. Supported by a weaker dollar against the pound and euro, revenue is expected to rise by 1.2%. However, rupee-term revenue growth may be slower due to rupee appreciation, with a modest net profit increase anticipated.
MSCI rebalancing on Monday: Adani Energy, Groww set for big inflows; RIL, Jio Financial may face outflows
MSCI’s latest rebalancing is set to drive heightened trading activity in several Indian stocks on Monday, with revised weights taking effect from September 1. The