FINANCIAL GUIDANCE
Infosys, Tech Mahindra among 6 IT stocks that could surprise positively in Q1 results: JM Financial
Stating that Tech Mahindra remains a ‘buy' on turnaround hopes while KPIT Technologies and Tata Technologies are structural bets on auto ER&D theme, domestic brokerage firm JM Financial believes that Q1 results for the IT sector could positively surprise the street.
US fintech platform TIFIN debuts in Indian market with conversational AI assistant MyFi
MyFi is a personalised product created specifically for India, taking inspiration from its successful US counterpart, Magnifi, as explained by Kiram Nambiar, cofounder and CEO of MyFi said. MyFi is compatible with Android and iOS operating systems, it is a subscription-based model with plans starting at Rs 299/month
Infosys CEO Parekh settles insider trading charges
Salil Parekh, CEO of IT major Infosys, has settled a matter related to alleged insider trading violation by agreeing to pay Rs 25 lakh, said the Securities and Exchange Board of India (Sebi).
Ujjivan SFB adjusts loan growth guidance amid microfinance stress
I think these are things that we have to monitor very carefully and hopefully once the budget is out and announced and the revenues trickle into the economy, I think we will see some benefits from that. So, all in all, we are looking at a better second half. The effect is more in the first half of the year.
Accenture narrows its revenue guidance to 1.5-2.5% in FY24
Accenture's strong financial performance, driven by AI adoption, generative technologies, and strong revenue growth, positions it as a key player in the IT services sector.
Axis Bank hikes stake in Max Life for Rs 336 cr
Axis Bank and its two subsidiaries - Axis Capital Ltd and Axis Securities Ltd - were allowed to collectively own about 20 per cent in Max Life Insurance by the Insurance Regulatory and Development Authority of India (IRDAI).
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Play the long term-game when you plan a career shift: Reset your career in 9 steps
Whatever your reason, the decision to switch careers is both daunting and rewarding. Here’s how you can make it successful.
How will emerging markets perform going ahead? Ed Yardeni answers
But I think interest rates have actually normalised. They are normal. They are back to where they should be. The 10-year bond yield in the United States should be between 4% and 5%, that is where it was before the Great Financial Crisis and so I think we are just seeing normalisation in the financial markets and the stock market has demonstrated that it can certainly tolerate these levels of interest rates as long as the economy can do so and so far, so good.
Fed outcome expectations: Markets hawk-eyed for any clues on rate easing this year
The US Federal Reserve is anticipated to announce its key policy decision, including the trajectory of interest rate cuts and navigation of the economic landscape amidst inflation concerns.
Threat of bad advice: A more crucial aspect of financial literacy is not just what to do with money, but also what not to do with it
The real pitfalls arise when bad financial products are marketed as good ones, and investors fail to recognise the deceit. If you are saving and investing, encountering such schemes is inevitable; it’s not an exception, but certainty. Thus, a more crucial aspect of financial literacy is not just what to do with money, but also what not to do with it.
‘Hum aake class lenge’: Radhika Gupta tells Shark Tank staff if they don’t start SIP
She advised the staff to start investing in mutual funds and should follow SIP mode of investment. The number of SIP accounts has also increased from 2.73 crore in June 2019 to 8.70 crore in April 2024, according to the monthly data released by AMFI.
Closing arguments, jury instructions and maybe a verdict? Major week looms in Trump hush money trial
The testimony in Donald Trump's New York hush money trial has concluded, moving to closing arguments, jury deliberations, and a possible verdict. Closing arguments, starting Tuesday, will summarize key points, with the defense aiming to create reasonable doubt. Judge Merchan will instruct the jury on legal standards before deliberations. Jurors must reach a unanimous decision on 34 counts of falsifying business records, with potential for a mistrial if they remain deadlocked.
An investment advisor – A planner for your financial dreams
Globalisation, urbanisation, and technology have impacted the Indian lifestyle, blending tradition with modernity. The anticipated growth in Indian household wealth underscores the need for effective investment planning and wealth management.
Confident of delivering 20% plus value growth for coming year: Ramanpreet Sohi, Honasa Consumer
We have delivered 7% EBITDA for the year and we are looking at about 150 bps expansion into next year.Now, of course out of this, two-third of this will be driven by marketing A&P efficiencies. I think one thing that everyone needs to understand is that we are building a house of brands.
NIIT Learning Systems Q4 Results: Profit almost flat at Rs 54 crore; co gives growth guidance of 12-14% for FY25
NIIT Learning Systems on Wednesday posted a marginal growth of 0.92 per cent to Rs 54.43 crore in consolidated net profit for the quarter ended March 31, 2024. It had reported a net profit of Rs 53.93 crore in the year-ago period.
Margin improvement will start from H2; holding on to guidance of 15% for FY25: VIP Industries MD
Neetu Kashiramka, MD of VIP Industries, anticipates a margin increase to 18% next year, emphasizing strategies for FY25 and the implications of shifting manufacturing to India. The discussion covers various aspects including market share targets, e-commerce revenue outlook, pricing trends, and ad spends.
RBI updates guidance note on operational risk management, extends it to NBFCs
The Reserve Bank of India (RBI) updated its "guidance note" on operational risk management for the financial sector, extending it to include NBFCs and housing finance companies. The note highlights that operational disruptions can threaten the viability of regulated entities, impacting customers and financial stability. It covers various causes of disruptions, including man-made, IT threats, frauds, and natural causes. The updated note aligns with Basel Committee on Banking Supervision (BCBS) Principles and aims to enhance operational resilience and risk management in the financial system
Confident of maintaining guidance at 35% to 40% going ahead: Abhay Bhutada, Poonawalla Fincorp
As you know we operate at 102 branches, but maximum we are gaining market share there and going forward whatever guidance we have given 35% to 40%, I think in the past also we have over-delivered. Going further, we will stick to our guidance and we are confident of achieving the given guidance.
HCL Tech Q4 Preview: Revenue may rise, but PAT seen declining; all eyes on FY25 guidance
The IT major projected constant currency revenue growth of 5.0-5.5% in FY24, compared to 5-6% guided earlier. This includes revenue recognition from the recently acquired German automotive engineering solutions provider ASAP Holding.
Financial credit a challenge for almost half of women entrepreneurs in MSMEs: report
A ‘Bharat Women Aspiration Index Report’ by Tide India reveals a critical gap: 95% of surveyed women lack awareness of government schemes that could help finance their businesses, forcing them to rely on informal lenders.
Wipro ADRs jump 4% despite Q4 PAT decline, softer guidance
Wipro’s revenue from operations in the reporting period declined 4% YoY to Rs 22,208 crore, compared with Rs 23,190 crore in the corresponding period of last year.
Infosys Q4 net profit jumps 30%; company buys German tech firm for €450 million
Revenue guidance for FY25, a key monitorable for investors, remained conspicuously circumspect, although India’s outsourcing bellwether announced its biggest M&A deal in history, committing nearly about half a billion dollars.
Infosys ADR slumps 3% on Q4 miss, softer FY25 guidance
"Infosys weak quarterly numbers, lower-than-expected guidance for FY25 and declining headcount reflects continuity in weak, with the only silver lining being strong large deal TCV in Q4 and record $17.7 billion in FY24," said Sanjeev Hota, Head of Research, Sharekhan by BNP Paribas.
What guidance to expect from first MPC of new financial year
The monetary policy review meeting is expected to consider various factors including domestic stability, global rate trends, and demand-supply dynamics, shaping the outlook for the financial year.
HCL Tech, TCS, Infosys, other IT stocks drop up to 5%. Blame it on Accenture
IT giants' shares drop as Accenture reduces FY24 revenue forecast, impacting Nifty IT index. Global peer's muted guidance affects market view. Analysts expect varied performance in FY25. Despite challenges, positive outlook for Indian IT sector growth prevails.
International Women's Day: Five things women should do to make themselves economically independent
On International Women's Day, we celebrate the resilience and achievements of women entrepreneurs. Despite obstacles, they're making strides in diverse sectors, advocating for inclusion. With an improved Female Labour Force Participation Rate, women strive for financial independence. Experts stress education, skill development, employment, financial literacy, and savings. Workplace equality and advocacy for equal pay are crucial.
Godrej Properties poised to exceed FY24’s Rs 15,000-cr project addition guidance, says Chairman
Godrej Properties expects to surpass its business development guidance, driven by a robust deal pipeline and ongoing consolidation. The recent acquisitions in the Hyderabad property market and Bengaluru hold significant revenue potential. The company anticipates delivering its best-ever annual performance.
Hindalco shares tank 14% on Novelis' Bay Minette return guidance. Should you buy?
The company reported net sales at $3.9 billion for the third quarter of fiscal year 2024, which decreased 6% versus the prior year period driven by lower average aluminum prices as shipments were in line with prior year levels.
Signature Global to exceed FY24 pre-sale guidance of Rs 4,500 crore
The Gurugram-focused company has also inked three joint development agreements (JDAs) with total sales potential of more than Rs 9,000 crore, which it plans to launch in the next 12-18 months, Aggarwal told ET. The company recorded Rs 3,100 crore pre-sales in the first nine months of FY24. Signature Global has acquired a land parcel each in Sector 71 and Sector 37D, Gurugram, where it plans to launch projects by March-end.
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