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Subscribe to enjoy similar stories. The performance of India's technology companies seems to be at variance with the latest count by the industry's apex body. While Nasscom has projected a meagre 5.1% growth for the industry in FY25, a year when the Big Five of the IT industry have fared well, its revised estimate for FY24 pegged growth at nearly 10%, when the same companies had reported their weakest growth ever.

Goldman Sachs on Tuesday sold 89,314 shares worth Rs 17.5 crore in smallcap stock Teamlease Services via a block deal. The shares were sold via Goldman Sachs Funds — Goldman Sachs India Equity Portfolio at a price of Rs 1,960 per share. Goldman Sachs holds stake in TeamLease Services via three funds, namely Goldman Sachs Funds — Goldman Sachs India Equity Portfolio, Goldman Sachs Funds — Goldman Sachs Emerging Markets Equity Portfolio and Goldman Sachs Trust — Goldman Sachs Emerging Markets Equity Fund.

Subscribe to enjoy similar stories. A persistent slowdown in revenue growth was evident in the December quarter (Q3FY25) earnings, reflecting subdued demand even as profit growth accelerated, a Mint analysis of 3,577 BSE-listed companies showed. Year-on-year revenue growth sharply decelerated to 4.4% in Q3, down from 7.3% and 9.1% in the previous two quarters.

Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says we appear to be passing through a painful adjustment phase in the market and we could be at the end of the pain. As of now it appears that the portfolios are shifting into quality stocks. When the markets were surging, most of the funds, including the family offices, were carrying the momentum portfolio, which they are swapping now into the value-driven stocks by selling some of the expensive stocks and that is one of the reasons we are seeing continued pressure in some of the mid and smallcap companies. What is it that you think the market is up to because yesterday's FII sell-figure was a little bit discomforting and quite large at Rs 6,000 crore. Deven Choksey: The summer has already set in as far as the market is concerned. It is quite hot out here, suffocating. So, nothing new. FIIs continue to deliver their shares in the cash market. Having done the transactions and the short sold in the derivative market, the deliveries are now happening in the cash market. What we are seeing in the delivery figure in the cash market out there, whatever the hedge or the short sell that they have done is definitely creating a larger amount of panic in the market.

Shreenath Paper Products, which opened for subscription earlier today, has seen a subscription of 6.5% so far on the first day of the bidding process. By noon, the issue had attracted total bids for 3,54,000 shares via 112 applications, out of the 53,10,000 shares reserved for allotment. The portion reserved for qualified institutional buyers (QIBs) had not yet received any bids.

Silver March futures contracts also opened higher today. The prices surged to a day’s high of Rs were trading at Rs 95,589/kg, up by 0.52% or Rs 500.

«Every service industry is getting significantly disrupted. So, I truly believe IT services industry is at an inflection point and we should not be complacent. If we can be more proactive in adopting to the changes, talk to our clients about what is the art of the possible and really walk this path with that kind of a mindset and not with a mindset to protect your revenue base and protect your existing footprint because if you do not do it somebody else will do it,» says C Vijayakumar, MD & CEO, HCLTech. How do you see the pace of AI's disruption impacting the IT services industry, and what steps do you think are crucial for organizations to take to stay ahead of the curve and ensure they’re not just protecting their current revenue base, but also embracing the transformative potential of AI? C Vijayakumar: This is really not a time to be complacent and saying that we saw the cloud wave, we saw the digital wave, now there is AI wave and we will navigate it because the pace of change and the significance of what AI can do, a lot of work.

Raymond Ltd.(up 0.86 per cent), Macrotech Developers Ltd.(up 0.42 per cent) and Sobha Ltd.(up 0.35 per cent) were among the top gainers.

«There could be some pickup in consumption because we are kind of seeing a subtle shift of the market driver from the investments to the consumption,» says Ajay Argal, Franklin Templeton. So, what could be the turn moment for market? Could it be just time, you have to just wait it out, this year will be a tough year, nothing happens, but then after six months suddenly markets will look attractive, earnings would kick in. I mean, do you think this market will have to just grind itself? Ajay Argal: So, that is one way of doing it. Yes, so that is what you are referring to is the time correction and I mean, if you look at Nifty for example, we might be 5% or 10% above the last ten-year averages or the five-year averages in terms of valuations.

Tasty Bite Eatables Ltd.(up 3.04%), Hatsun Agro Products Ltd.(up 1.84%), Colgate-Palmolive(India)Ltd.(up 1.61%), Nestle India Ltd.(up 1.18%), Nakoda Group Of Industries Ltd.(up 0.87%), Dabur India Ltd.(up 0.86%), Bajaj Consumer Care Ltd.(up 0.80%), Vadilal Industries Ltd.(up 0.68%), Prataap Snacks Ltd.(up 0.68%) and Sheetal Cool Products Ltd.(up 0.67%) were among the top gainers.

IndusInd Bank Ltd.(up 0.85 per cent), ICICI Bank Ltd.(up 0.55 per cent), Kotak Mahindra Bank Ltd.(up 0.42 per cent) and HDFC Bank Ltd.(up 0.12 per cent) were among the top gainers.

Domestic benchmark index NSE Nifty gained 20.81 points to 22574.15, while the BSE Sensex traded 189.73 points up at 74644.14.

Gland Pharma Ltd.(up 4.83 per cent), Abbott India Ltd.(up 2.25 per cent), Natco Pharma Ltd.(up 1.92 per cent), Laurus Labs Ltd.(up 1.7 per cent) and Biocon Ltd.(up 1.53 per cent) were among the top gainers.

Infosys Ltd.(up 0.39 per cent) and HCL Technologies Ltd.(up 0.25 per cent) were among the top gainers.

Welcome to our LIVE coverage of the Australia vs South Africa match in the ICC Champions Trophy 2025. Two cricketing giants lock horns in Rawalpindi, promising a thrilling battle between South Africa’s power-packed batting lineup and Australia’s dominant pace attack.However, the weather could play spoilsport, with rain expected throughout the day.

Subscribe to enjoy similar stories. iPhone boxes carry a stamp saying they are designed by Apple in California. Smaller print makes clear one of America’s biggest manufacturing successes is mostly imported from China, where millions of people working for overseas contractors assemble the phones.

Milind Karmarkar of Dalal &Barocha emphasized the importance of both segments, noting that while quick commerce has seen strong adoption in high-density, high-income urban areas, traditional retail remains indispensable, especially in smaller towns.

As is the case with most other SME IPOs, the company will use the funds raised for meeting incremental working capital requirements and general corporate purposes.

volatility, gold continues to shine as a reliable investment avenue. In an interview with ETNow Sanjay Bembalkar, Co-Head of Equity at Union Asset Management Company, highlights the strategic importance of gold in an investor's portfolio, particularly through Gold ETFs (Exchange Traded Funds).

Gold prices hovered near a record high on Tuesday, supported by safe-haven demand amid concerns over U.S. President Donald Trump's tariff plans which could fuel inflation and escalate a global trade war.