Tata Consultancy Services (TCS) reported a YoY rise of 17% in consolidated net profit of Q1 to Rs 11,074 crore. However, consolidated revenue increased nearly 13%, marginally lower than the estimated Rs 59,500 crore. Motilal Oswal and Nuvama retained their ‘Buy’ recommendation on the IT major, while Nomura maintained a ‘Reduce’ rating.
Sebi OKs faster rights issues, new asset class
This was Sebi’s first board gathering after the emergence of conflict-of-interest allegations directed at the regulator’s chair, Madhabi Puri Buch. Sebi’s press statement issued late
October 1, 2024