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"Tech Mahindra, Infosys all are up 40% in last six to eight months. So, large part of all positive news has been discounted and the stocks are trading at a very-very decent valuation I would put in that way," says Sandip Agarwal, Fund Manager, Sowilo Investment Managers. From these Q2 earnings from the likes of Infosys, Wipro, TCS and HCL Tech reporting numbers, how do you see this possibility of a gradual recovery? Is that going to take some more time you think, there is some softness before it actually comes through or is it really here? Sandip Agarwal: So, yes, I think it has been quite well summed up but let me put this into a perspective. See, you have to remember that barring Wipro, the best part of the year is gone by now because third and fourth quarter have their seasonal challenges. So, this year is gone from the perspective of sequential revenue growth or some positive surprise. Year over year growth could be better. So, everything is now FY26. So, from that perspective and I have been reiterating this in every discussion we had earlier also that things will improve in terms of revenue growth and margins substantially from here on, but also remember that market is very forward-looking and they have all these IT stocks, if you see in last six months they have given phenomenal returns. Tech Mahindra, Infosys all are up 40% in last six to eight months. So, large part of all positive news has been discounted and the stocks are trading at a very-very decent valuation I would put in that way.

IT services company LTIMindtree shares are in focus on Friday after the firm reported 8% year-on-year (YoY) growth in its consolidated net profit at Rs 1,251 crore in the quarter ended September 2024. Revenue from operations in the reporting period rose 6% year-on-year to Rs 9,433 crore. In dollar terms, revenues for the quarter stood at $1.1 billion, showing a growth of 5% year-on-year and 3% quarter-on-quarter.

Baahubali 3’ is pretty much confirmed! If reports are to be believed, the third installment of the iconic fantasy series will be made. According to aTimes Of India report, ‘Baahubali 3’ has pretty much been confirmed. In a recent interview, Gnanavel Raja, the creator of the ‘Mahishmati Franchise’ spilled the beans. He said the movie is still in the planning stages, with recent discussions focused on developing new ideas. Unlike their previous back-to-back releases within two years, this time, the 'Baahubali' makers are allowing a longer break before working on the third installment. He elaborated that the filmmakers are deliberately pacing themselves to ensure that audiences have enough time to emotionally reconnect with the characters before diving into sequels. Raja also mentioned that the sequel to 'Kalki 2898 AD' will only come out after two other films are completed, and similarly, there will be a gap between 'Salaar 1' and 'Salaar 2'. He explained that this is a strategy proven effective in franchises like Suriya’s 'Singam' series, where spacing out sequels worked well.

Axis Bank shares are in focus today after the private lender reported an 18% increase in standalone net profit, reaching Rs 6,918 crore, compared to Rs 5,864 crore in the same quarter of the previous financial year. The bank’s Net Interest Income (NII) grew 9% year-on-year (YoY) to Rs 13,483 crore, while its Net Interest Margin (NIM) for Q2 FY25 stood at 3.99%.

U.S. stocks ended on a mixed note following the latest signals that the U.S. economy continues to hum

Netflix says its subscriber growth slowed dramatically during the summer, a sign that the huge gains from the video-streaming service’s crackdown on freeloading viewers is tapering off

China has reported that its economy expanded at a slower-than-expected rate of 4.6% in the July-September quarter

A former porn shop worker who was accused by North Carolina Lt. Gov. Mark Robinson of defamation has asked a court to throw out the lawsuit claim against him

Axis Bank, while Morgan Stanley has downgraded Manapurram Finance to equal-weight. Jefferies has maintained a hold call on Havells and Macquarie has an outperform rating on Wipro.

IT services company Infosys will be in focus after the company announced its second quarter results, where it posted a 5% growth in net profit and revenues. The Bengaluru-based tech major has also raised its guidance upwards to 3.75-4% for the current fiscal year.

Wipro will be in focus on Friday following IT major's July-September quarter earnings where the company reported a 21% jump in net profit to Rs 3,209 crore for the quarter ended September 2024 versus Rs 2,646 crore logged in the year-ago period. The figure was higher than ET Now poll estimates of Rs 3,050 crore. Revenue from operations in the reported quarter stood at Rs 22,302 crore, marginally lower over Rs 22,516 crore posted in the corresponding quarter of the previous financial year.

Zomato will be in focus on Friday as the food delivery company's board of directors will meet on October 22 to consider the plans to raise funds by issuance of equity shares by way of qualified institutions placement (QIP). The company will also announce its September quarter earnings on this day which will be followed by an earnings conference call at 5 pm India time.

Wipro on Thursday posted a 21% year-on-year and 6.3% sequential increase in net profit for the second quarter, when three of its four strategic market units (SMUs) reported better performance and the company also saw improved execution levels and an expansion in margins. The fourth largest Indian IT services firm posted a net profit of Rs 3,227 crore for the quarter ended September 30. Revenue rose 1.5% sequentially to Rs 22,301 crore, helped by increased momentum in banking, financial services and insurance (BFSI) and consulting. It, however, fell 1% from a year earlier.

Jio Financial, Infosys, LTIMindtree, Wipro, Tata Consumer, MGL, Axis Bank among others will be in focus due to various news developments and second quarter results. Jio Financial, Tata Consumer, ZEE, ICICI Lombard Jio Financial, Tata Consumer, ZEE and ICICI Lombard will be in focus as the companies will announce their second quarter earnings today.

LTIMindtree, sixth largest Indian IT services company reported a 7.7% year-on-year (YoY) rise in net profit at Rs 1251.6 crore. The profit compares with Rs 1,162 crore in September last year. Sequentially, profit grew 10.3% from Rs 1,135 crore. The Mumbai-headquartered IT services company reported a 5.9% growth in consolidated revenues at Rs 9,432.9 crore in Q2FY25 as compared with Rs 8905.4 crore in Q2FY24 and 3.2% rise from Rs 9142.6 crore in Q1FY25.

education startup Eruditus has raised $150 million in new funding at a flat valuation of $3.2 billion post-money, led by TPG Rise, an impact investment fund from the US private equity investment firm. Existing investors SoftBank Vision Fund 2, Leeds Illuminate, Accel, CPP Investments and the Chan Zuckerberg Initiative participated in the round. TPG Rise has invested $100 million in Eruditus while SoftBank has put in another $20 million.

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Subscribe to enjoy similar stories. New Delhi: The department of consumer affairs (DoCA) has decided to withdraw from framing guidelines for e-gaming and cancelled a planned study for protecting the growing number of online gamers, two people aware of the developmen said, after draft rules were issued by the ministry of electronics and information technology (MeitY). Bengaluru’s National Institute of Mental Health and Neurosciences (Nimhans) was to conduct the study on “disruptive impulse control behavioural patterns of online gaming that may cause vulnerabilities," with the plan to notify new rules after the completion of the detailed pan-India study.

Subscribe to enjoy similar stories. Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. India's exports saw mild growth in September after a gap of two months, while the Union Cabinet made a slew of announcements for central government employees and farmers, among others.

Subscribe to enjoy similar stories. Private equity investors including Quadria Capital and TPG Capital have expressed initial interest to invest about $100 million for a 20-25% stake in critical care drugs provider Samarth Life Sciences, three people familiar with the matter said. “The transaction is expected to be purely secondary with the promoter group selling some of its stake," one of the people cited above said on the condition of anonymity.

recession had subsided for the time being when the US Federal Reserve had decided to introduce Federal rate cuts of up to 50 basis points. However, with severe inflation fears coupled with unemployment data again brought in a contemplation of an impending American recession. According to strategist Paul Dietrich, the unemployment levels are running at a very risky rate at this point and the United States could easily be caught off guard with the sudden arrival of a recession in the nation, with nothing to stop it once the job data weakens severely in the backdrop.