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Wipro, Jio Financial, Tech Mahindra and SBI Life. Apart from the above, companies like Indian Hotels, ICICI Lombard, Ramkrishna Forgings, Supreme Petrochem, Aether Industries, Ganesh Housing, Rallis India, Sterlite Technologies and a few others will also declare their quarter results.

Subscribe to enjoy similar stories. Today's market session began with a gap-up opening at 23,377 (+163 points). The index subsequently declined 119 points from the opening level to 23,272 but rebounded to close at 23,311.

Infosys, India's second-largest IT services company, posted a better-than-expected 11.4% increase in consolidated net profit at Rs 6,806 crore for the December quarter from the year earlier, driven by a healthy rebound in the financial services and manufacturing segments. Europe, the company's second-largest region after the US, reported double-digit revenue growth. Profit was up 4.6% sequentially. Infosys did better than peers Tata Consultancy Services (TCS) and HCLTech in terms of beating analyst expectations, while echoing similar sentiments regarding an «improvement in discretionary spends» in select segments in core geographies. This persuaded the Bengaluru-based company to raise its revenue guidance for the full fiscal year ending March to 4.5-5.0% in constant currency terms from 3.75%-4.50% earlier, marking a second upgrade in a row. Operating margin outlook continued to remain at 20-22%.

Infosys, India’s second-largest IT services company, posted a better-than-expected 11.4% increase in consolidated net profit at Rs 6,806 crore for the December quarter from the year earlier, driven by a healthy rebound in the financial services and manufacturing segments. Europe, the company’s second-largest region after the US, reported double-digit revenue growth. Profit was up 4.6% sequentially.

A Toyota subsidiary has agreed to pay more than $1.6 billion and plead guilty for violations related to the submission of false and fraudulent engine emission testing and fuel consumption data to regulators and the illicit smuggling of engines into the...

return-to-office mandate of JPMorgan Chase, several employees are reportedly engaging in numerous discussions about forming a labor union while being inspired by successful efforts at Wells Fargo, reported Fortune.

A blast of extreme cold is poised to descend on the central United States this weekend before spreading to New York and the rest of the East Coast, testing power grids and threatening to break temperature records.

Reliance Industries’ telecom and digital properties, posted a 25.95% on-year rise in net profit in the fiscal third quarter, on the back of the tariff hikes of July 2024, subscriber additions and strong data usage growth. The rate hikes helped Jio grow average revenue per user(ARPU) 4.2% on-quarter to Rs 203.3. But the full beneficial impact of the price hikes will be staggered, and likely to come through Q4FY25 and Q1FY26, since Jio has a higher share of subscribers on longer-validity plans compared to Bharti Airtel or Vodafone Idea.

The association's letter to the regulator focused on two main areas: the role of platforms under Consumer Duty as well as the importance of board independence for investment trusts. Proxy voting advisers side with Herald board to vote against Saba Capital AIC chief executive Richard Stone said the trade body is «concerned» that current regulations «do not protect the interests of retail shareholders». Retail investors, who hold a high percentage of shares in the investment trusts targeted by Saba, have to rely on investment platforms to receive information about the proposed change...

Speakers at our Focus event will discuss their outlook for fixed income in the current market environment, as difficult decisions loom for governments and central banks as the year unfolds.

New Mexico legislative leaders are recommending a 5.7% general fund spending increase for the coming fiscal year

artificial intelligence (AI), digital and green technologies, the inaugural QS World Future Skills Index has found.

Wipro is likely to have a subdued third quarter with constant currency revenue expected to be declining and may well be the weakest among the peers. Estimates for the revenue growth for the October-December 2024 period seem to be varied, but an average of 7 brokerages indicates that the same will grow at 0.6% year-on-year (YoY). Some not so optimistic analysts among the seven have predicted a degrowth of 0.2%.

«So, the best thing to do at this point in time is to look for put options on the Nifty or create a bear spread using these two levels and participate on the downside,» says Rahul Sharma, JM Financial Services. Definitely, a gap up start for the Indian markets and good part is we are sustaining those levels but where do you see the markets headed? Are we in for a pre-budget rally maybe or the market can halt a bit before continuing the leg up? Rahul Sharma: So, this seems like a dead cat bounce of sort because the volumes especially if you simply track the Nifty volumes they have not been increasing in the last three trading sessions, that goes to show that the stronger hands are not really buying in this bounce back.

Abneesh Roy, ED, Nuvama, says some benefit to boost the lower end of consumption is expected in the Union Budget. Rural consumption is doing quite well after all the stimulus programmes. So, on urban demand, the government needs to do something. Some brokerages have downgraded retail plays and even Trent to sell and there is mixed opinion out there. What would be the future of retail plays like Trent at Nuvama, which have already seen a fabulous run up? The valuations are still expensive after the current correction as well? Abneesh Roy: We are positive on Trent. We continue to have a buy and one of our top picks in the apparel space. In the near and medium term, Trent will remain in the top tier in the peer set in terms of growth. We do see a huge headroom for expansion in Zudio, in Westside, even in terms of the emerging categories like BPC, innerwear, footwear, that was around 20% of the business, and that is also growing.

JPMorgan’s net income soared 50% to more than $14 billion in the fourth quarter as the bank’s profit and revenue easily beat Wall Street forecasts, and other major banks reported banner earnings for the year

U.S. stocks ripped higher after an encouraging update on U.S. inflation

Subscribe to enjoy similar stories. Indian hospitals are likely to witness steady year-on-year (y-o-y) earnings growth in the December quarter (Q3FY25), even as sequential performance may be impacted owing to seasonality. Investors can expect hospitals to fare better than diagnostics companies.

Dipan Mehta, Director, Elixir Equities, says from a market viewpoint, he is not very hopeful or positive. Right now, he prefers to save cash. We are in the midst of a crucial earnings season and a significant event. On January 20, President Trump will take over. If there is more market volatility, especially with specific stocks, he would hold onto cash to invest in stocks that have dropped significantly and are strong businesses or have appealing business models. What would you do with a stock like Kalyan Jewellers? It is down almost 11%. Is there any buying at dips which would emerge or is there just a case of falling knife and one should stay away till the time they do not figure out what is happening within the company? Dipan Mehta: Kalyan Jewellers, the pre-quarter release was interesting. Amongst the entire peer group, they reported the highest sales growth and this particular wedding season has been good for the jewellery industry. Titan also came and all the other companies also came with very good releases pre-quarter where they gave the sales numbers.

Subscribe to enjoy similar stories. Protesters on Tuesday Tel Aviv, called for the return of hostages held by Hamas. The finalizing of the cease-fire deal between Israel and Hamas owes much to the impending transfer of power from President Biden to President-elect Donald Trump, sparking a pointed debate over who deserves the credit.

Subscribe to enjoy similar stories. Activist shareholders have revived the ‘core competence’ debate and are targeting conglomerates to get more out of their businesses. Heeding long-standing shareholder demands, the management of ITC Ltd has finally carved out its hotels business into a separate entity.