Infosys shares fell 4.5% despite upgraded FY25 guidance. The stock drop followed the company’s Q2 financial report, which failed to meet investor expectations, resulting in a market value loss of Rs 31,327.94 crore. Here’s what led to the decline.
Furthermore, the demand for contract workforce increased by 11 per cent in Q2 from the same period last year, while the demand for full-time employees decreased by 13.8 per cent, according to data from SCIKEY talent commerce platform, a talent marketplace.
Verticals like manufacturing and financial services, which contribute 60 per cent to HCL's revenue, grew 21.9 per cent and 14.2 per cent respectively.
HDFC Bank reported a 22 per cent increase in net interest income year-on-year to Rs 9,752 crore, ahead of analysts' estimates.
As many as 70,000 workers were hit by the sharp fall in merchandise exports as it cost them their jobs in Q2 2015-16, a report stated. A joint study conducted by Assocham and Thought Arbitrage
Mumbai, Oct 18: The BSE benchmark Sensex today dipped below the 17,000 level, losing nearly 277 points, as the second quarter earnings posted by IT major TCS, amid a weak global trend.The Bombay Stock Exchange
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