Mumbai, April 9 (IANS) Tata Consultancy Services (TCS) on Thursday reported a 12 per cent year-on-year (YoY) jump in consolidated net profit for the January–March quarter (Q4 FY26).The major IT player had posted a profit of Rs 13,718 crore, compared to Rs 12,224 crore in the year-ago period (Q4 FY25), according to its exchange filing.The IT major’s consolidated revenue from operations also saw healthy growth, increasing 9.6 per cent year-on-year to Rs 70,698 crore, compared to Rs 64,479 cror…
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Mumbai, April 7 (IANS) Indian equity markets extended their winning streak for a fourth straight session, supported by late buying interest that lifted benchmark indices higher by the close.The Nifty ended the day up 0.68 per cent, gaining 155.40 points to settle at 23,123.65. Meanwhile, the Sensex rose 0.69 per cent, or 507.73 points, to close at 74,616.58.“Going ahead, continuation of this momentum may push the index towards the 23500-23600 resistance band, which remains a critical hurdle du…
Kochi, March 31 (IANS) Senior Congress legislator Ramesh Chennithala, on Tuesday, demanded an apology from Kerala Chief Minister Pinarayi Vijayan and State Cooperation Minister V.N. Vasavan after the Kerala High Court stayed proceedings related to a controversial software deal in the cooperative sector. Chennithala said the court’s intervention prima facie establishes allegations of corruption in the proposed project to install software across primary cooperative societies in the state.He accuse…
Mumbai, March 29 (IANS) The combined market valuation of seven of India’s top-10 most valued companies fell sharply by Rs 1.75 lakh crore last week amid global uncertainties and geopolitical tensions.The decline came in a holiday-shortened week when benchmark indices ended lower. The Sensex dropped 949.74 points, or 1.27 per cent, while the Nifty fell 294.9 points, also down 1.27 per cent.Commenting on Nifty technical outlook, experts said that a decisive breakdown below the 22,700–22,500 ra…
Palakkad, March 28 (IANS) Kerala Chief Minister Pinarayi Vijayan on Saturday firmly rejected allegations of a Rs 700 crore corruption move linked to the Cooperative Department’s proposed common software project, dismissing Opposition charges as politically motivated and devoid of factual basis. He also rubbished claims of a clandestine deal between the CPI(M) and the SDPI, calling them “deliberate misinformation”.Responding to allegations raised by senior Congress leader Ramesh Chennithala…
Thiruvananthapuram, March 27 (IANS) Senior Congress leader and CWC member Ramesh Chennithala on Friday alleged a “massive Rs 700-crore fraud” in Kerala’s Cooperative Department, claiming the irregularities are unfolding even as the state heads into a crucial election phase.Kerala is set to go to the polls on April 9 to elect 140 members to the Legislative Assembly.Addressing the media, Chennithala said the alleged scam — potentially the largest in the state’s cooperative sector — centres o…
New Delhi, March 26 (IANS) Nokia on Thursday announced key leadership changes in India, appointing Samar Mittal as India Country Business Leader and Vibha Mehra as India Country Manager, effective April 1. The move is part of the company’s renewed strategy to strengthen its presence and sharpen its business focus in the country.In his new role, Samar Mittal will lead Nokia’s business strategy in India, focusing on expanding the company’s partnerships with telecom operators, as well as play…
Mumbai, March 22 (IANS) HDFC Bank emerged as the biggest loser among India’s most-valued companies last week, with its market valuation plunging by over Rs 56,000 crore, even as the broader stock market remained largely flat with a negative bias.India’s equity markets witnessed a cautious week, with five of the top-10 most-valued companies together losing over Rs 1 lakh crore in market capitalisation.The decline was led by HDFC Bank, whose valuation dropped sharply by Rs 56,124.48 crore to R…
Mumbai, March 8 (IANS) The market valuation of Larsen & Toubro declined sharply by Rs 45,629.03 crore this week, taking its total market capitalisation to Rs 5,43,208.36 crore, as a broad sell-off in equities weighed on India’s most valuable companies.Overall, eight of the top-10 most valued firms together lost Rs 2,81,581.53 crore in market valuation during the week.The losses came in line with a weak trend in the stock market, where the benchmark BSE Sensex dropped 2,368.29 points, or 2….
Mumbai, March 1 (IANS) The market capitalisation of Tata Consultancy Services (TCS) dropped by Rs 18,180.89 crore last week, bringing its total valuation down to Rs 9,53,872.59 crore, as equity markets remained under pressure.Overall, nine of the top-10 most valued companies together lost Rs 2,18,902.09 crore in market valuation during the week — reflecting a bearish trend in the stock market.The BSE benchmark index declined sharply by 1,527.52 points, or 1.84 per cent, over the same period.Acc…