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Top five IT players expected to post-1.1-4.1% cc revenue growth
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Top five IT players expected to post-1.1-4.1% cc revenue growth

We estimate the top-5 IT players — Tata Consultancy Services (TCS), Infosys, Wipro, HCL Technologies (HCLT) and Tech Mahindra (TECHM) — to clock -1.1-4.1% q-o-q constant currency revenue growth in Q1FY19. During the quarter, EUR, GBP and AUD depreciated versus USD q-o-q, which is likely to impact revenue growth by 90-140bps. We expect margins to fall marginally as wage

US Stocks
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US jobs growth lifts Wall Street, Us Stocks Climbed offsetting tariffs

US stocks US stocks climbed on Friday, with the S&P 500 and the Nasdaq hitting their highest levels in two weeks, as strong US jobs growth blunted the impact of an escalating US-China trade dispute. Nonfarm payrolls Nonfarm payrolls increased by 213,000 jobs last month. US Labor Department said, topping expectations of 195,000, while unemployment

Currency, Ruppee
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Rupee regains 60 paise vs US dollar from all-time low per USD after RBI taps forex market

The Indian rupee regained nearly 60 paise vs US dollar from an all-time low level of 69.09 per USD in the early deals on Friday at the foreign exchange market, possibly after the Reserve Bank of India (RBI) intervened with an aim to arrest further plunge. According to the latest rupee to dollar exchange rate today on Bloomberg,

sensex and nifty
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The Nifty has managed to end the series below 10,600 as well, while the Sensex closed just above 35,000

Dragged by factors such as weak rupee, crude surge, trade war fears and others, the market has ended the June series on a subdued note. The market ended the session and June series with major cuts. The Sensex lost close to one percent, while the Nifty corrected over 1.5 percent for the series under review.

trade war vis US China
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Trade war fears rattle American stock markets, Dow Jones gives up 2018 gains

U.S. stocks fell on Tuesday as a sharp escalation in the trade dispute between the United States and China rattled markets and put the Dow Jones Industrial Average back in negative territory for the year. President Donald Trump threatened to impose a 10 percent tariff on another $200 billion of Chinese goods, and Beijing warned

Vijay Mallya
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Vijay Mallya ‘diverted’ over Rs. 3,547 crore funds to Royal Challengers Bangalore, other entities, says ED

In a major worry for beleaguered business man Vijay Mallya, the Enforcement Directorate (ED) has accused the now defunct Kingfisher Airlines of “diverting” over Rs. 3,547 crore of loan to a UK-based F1 motorsport firm, a T20 IPL team and others, according to reports. Apart from this, the ED also said in its supplementary prosecution

Diesel, petrol price
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Brent crude oil gets cheaper by $3 per barrel in 2 days: 2 biggest reasons for the decline

Oil prices fell more than $2 a barrel Friday after two of the world’s biggest producers indicated they might increase output at next week’s OPEC meeting, while U.S. exports were threatened by potential Chinese tariffs on crude oil and refined products. Oil investors have been nervous ahead of the coming OPEC summit in Vienna. Saudi

Share Market
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Asian shares down on Federal Reserve hike, China-US trade anxiety

Asian shares edged down on Thursday after the Federal Reserve raised interest rates and took a more hawkish tone in forecasting a slightly faster pace of tightening for the rest of the year, while concerns about US-China trade frictions kept investors on edge. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.25 percent in