HCLTech has reportedly asked its employees to report to office thrice a week, failing which they will have to face disciplinary action as per company policy. Read the email sent by HCLTech's global HR head to employees.
A juxtaposition of the performances of Indian IT companies (during FY07-15) to the prevailing likely rate cut scenario indicates these companies could outperform estimates in the medium term
Investors are also waiting to see if the moderation in core inflation and focus on fiscal prudence in the interim budget would enable policymakers to signal a turn in the rate cycle.
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The earnings for the December quarter (Q3FY24) so far have been in line with estimates for the most part. 33 Nifty stocks have reported sales, EBITDA, and PAT growth of 6 percent, 15 percent, and 21 percent YoY versus estimates of 7 percent, 14 percent, and 20 percent, respectively.