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Increased digital adoption and deal wins has helped the performance of the IT industry to bounce back in the July-September quarter. What has also benefited the margins of the top tier IT giants is the reduction of travel expenses of more than 70% year-on-year.
Uncertainty sees companies suspending guidanceCovid-19 Impact Large cos such as Infosys, Larsen & Toubro, Hindustan Unilever, among others, feel business is an evolving situation in the midst economic uncertainty during the pandemic, and guidance would be improbable
… Read MoreIndia may ease regulatory pricing cap for ECBsCurrently its capped at 4.5 % over LIBOR; May help borrowers to improve liquidity at the time of Covid pandemic
from Stocks-Markets-Economic Times https://ift.tt/3ilVZU9
… Read MoreBuy HDFC Bank, target price Rs 1,379: ICICI SecuritiesOn the cost front, the bank has been agile about consistently bringing down cost to assets by more than 40 bps and it still has a further buffer to manage it by 15-20bps to cushion any earnings volatility.
from Stocks-Market… Read MoreSell Vodafone Idea, target price Rs 8: ICICI SecuritiesICICI Securities is concerned about the dip in mobile broadband subscribers, which means Voda Idea is unable to even retain subscribers who are converting from 3G to 4G.
from Stocks-Markets-Economic Times https://ift.tt/38or… Read MoreSensex rallies 40% from March lows, but 2 in 3 stocks fail to keep paceThe BSE 500 index has gone up by 40.3 per cent, from 2020 low of Rs 7,864.01.
from Stocks-Markets-Economic Times https://ift.tt/3isQVNs
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