HDFC Bank’s third-quarter earnings increase by 34% to Rs 16,373 crore.

HDFC Q3 results

HDFC Bank Ltd. revealed on Tuesday that its standalone net profit for the December quarter increased by 33.54 percent year over year (YoY) to Rs 16,372.54 crore from Rs 12,259.49 crore in the corresponding period of the previous year. The profit amount mostly matched predictions from the Street. The quarter’s net interest income (NII), which … Read more

Wipro’s stock rises 13% following Q3 results.

wipro Q3 results

Given that Wipro Ltd.’s American Depository Receipts (ADRs) were up 17% on Friday, investors shouldn’t be shocked by Monday morning’s 13% stock gain at domestic exchanges. Analysts noted that, of the four IT majors, Wipro is the only one whose December quarter statistics showed signs of improvement in discretionary spending. But before becoming overly optimistic … Read more

The share price of ONGC

ONGC share price

According to Brokerage Prabhudas Lilladher (PL), in its Q3 preview report, the operating profit for the oil and gas sector pack is expected to decrease 24 per cent sequentially to Rs 86,100 crore, mostly due to the oil marketing companies’ (OMCs) weak refining margins. Ahead of the release of the December quarter results, it has … Read more

Spupreme Courts’s decision in the Adani-Hindenburg case is out, Group m-cap surpasses Rs 15 lakh cr as Adani shares rise.

Big Win For Adani Group

The following companies had gains of up to 10%: Adani Energy Solutions Ltd., Adani Enterprises Ltd., Adani Total Gas Ltd., Adani Green Energy Ltd., Adani Ports & Special Economic Zone Ltd (Adani Ports), Adani Wilmar Ltd., and Adani Power Ltd. As a result of the Supreme Court’s (SC) decision on a number of petitions pertaining … Read more

Infosys loses $1.5 billion contract from global customer latest update:

On Saturday, Infosys declared that a $1.5 billion contract had been terminated by a global client. Infosys, the second-largest IT services company in India, announced in September of this year that it had signed a $1.5 billion deal with an unnamed global company to provide modernization and business operations services, as well as enhanced digital … Read more