Nilesh Shah, MD of Kotak Mahindra Asset Management Company, called the move a disappointment, while Anand Shah, CIO-PMS & AIF at ICICI Prudential AMC, said the market reaction indicated that the Street was prepared.
Pallab Banerjee, Managing Director and Group President of Pearl Global Industries clarified that the tariffs are paid by the customers in the destination countries, not by the exporters. “But yes, it’s a disadvantage,” he said.
For the third quarter, Cognizant guided for revenue between $5.27 billion and $5.35 billion, in line with market expectations.
Indus Towers added 2,468 towers in the June quarter in comparison to 14,662 towers in the previous one. It had a total of 2.5 lakh towers at the end of the June quarter.
Results of the Aluminium and Oil & Gas businesses will be key to watch has Vedanta’s subsidiary Hindustan Zinc has already reported results.
Maruti Suzuki is expected to report a weak Q1, with low single-digit revenue growth and margins at multi-quarter lows.
Earlier in the month, the company bagged an export order worth ₹105 crore for the manufacture and supply of defence explosives to international clients.
In India, gold prices followed global cues and got an extra push from a weaker rupee. According to Goodreturns, the price of 24-karat gold is ₹10,049 per gram, 22-karat gold stands at ₹9,211, and 18-karat gold trades at ₹7,537 per…
The local currency had tumbled 89 paise on Wednesday (July 30), logging its sharpest single-day drop in over three years.
The company announced the acquisition of 100% global ownership of its novel antibiotic Enmetazobactam, which was originally discovered and developed in-house.