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Indian IT services industry is expected to see a growth slowdown in the near to mid term due to macroeconomic headwinds resulting in lower discretionary IT spends, rating agency ICRA said in a report. ICRA expects revenue to grow moderately ...
Indian IT/ITeS sector’s revenues are expected to rise between 13% to 15% this fiscal, helped by rupee depreciation and continued new client addition in low-ticket size clients ($1 to $10 million), according to a report by CareEdge Research. This is ...
Indian markets ended positively, aided by gains in banking and IT stocks. Auto and pharma stocks also contributed to the rise. The Sensex rose 0.65% and the Nifty 50 index gained 0.60%. In broader markets, Nifty Midcap 100 index advanced ...
Dalal Street fell due to heavy selling in IT, state-owned bank and realty stocks as well as negative global sentiments. The Sensex fell 0.62% and the Nifty dropped 0.61%.In broader markets, the Nifty Midcap 100 index fell 0.40% and the ...
As Corporate India has started reporting its second quarter earnings, revenue of Indian companies is expected to rise about 15% year-on-year to Rs 10.2 lakh crore in the second quarter of this fiscal, according to CRISIL rating agency. The rise ...
The Indian information technology services industry is expected to grow at 12-13% in FY23, aided by strong demand for or new-age technologies and fall in Indian rupee, according to rating agency CRISIL.The slower growth of the IT industry in FY23 ...
Benchmark Indian equity indices closed at record highs as a good start to Corporate India earning and positive global cues lifter investor sentiments. For the week, the Nifty rose 3.1% to 18338.55 and the Sensex closed 2.7% higher at 61305.95. ...
Benchmark Indian equity indices rose, aided by gains in IT, energy, auto and PSU banking shares. The Sensex ended 0.64% higher at 60,059.06, and the broader Nifty50 climbed 0.59% to 17,895.2.Nifty IT jumped 1.96%, and PSU Bank advanced 1.65%. BSE ...
Benchmark Indian indices closed lower, weighed by losses in metal, PSU bank, pharma, IT, auto as spike in energy prices fuelled inflation concerns. The Sensex closed 0.93% lower at 59,189.73 and Nifty fell 0.99% to 17,646.All Nifty sectoral indices closed ...
Benchmark Indian indices closed higher as stocks in energy and IT sector as well as heavyweight like Reliance Industries gained. The Sensex closed 0.75% higher at 59744.88 and Nifty was up 0.74% at 17822.30.Nifty Energy jumped 2.88% and IT was ...