‘Kitney aadmi the?’ CP Gurnani says Indian IT must move beyond headcount

With TCS announcing 12,000 job cuts, the former Tech Mahindra chief says it’s time to move past headcount obsession and start focusing on outcomes.

With TCS announcing 12,000 job cuts, the former Tech Mahindra chief says it’s time to move past headcount obsession and start focusing on outcomes.

Motilal Oswal said the V-Mart Retail’s recent correction — declining 9% in the past month and 20% this year, so far — along with improved profitability, makes its valuations attractive.

Since the start of the new financial year, BEL has disclosed order inflows worth of ₹7,348 crore, which is 27% of their order inflow guidance for the full year, which stands at ₹27,000 crore.

Mazagon Dock’s EBITDA margins may see an expansion both year-on-year as well as sequentially, while net profit may see a 5% growth from the year-ago quarter, according to Nirmal Bang’s estimates.

US Stock Market Live Updates: The upbeat start follows a strong finish on Friday, when all three major indexes closed in positive territory. The S&P 500 and Nasdaq posted fresh record closing highs, while the Dow ended just 0.25% below…

IndusInd Bank Q1 Results Live Updates: IndusInd Bank Ltd., the Mumbai-based private lender, is set to report its quarterly results later this evening and after reporting a major net loss in the March quarter, the bank is expected to report…

Kotak Mahindra Bank’s Net Interest Margin decline in Q1 was no ordinary one, as it marks the lowest income from credit products for the private lender in three and half years.

Renaissance Investment Managers CEO and CIO Pankaj Murarka also shared his views on sectors like banking and IT.

26 out of the 44 analysts covering Kotak Mahindra Bank have a “buy” rating on the stock, 13 of them have a “hold” rating, while five have a “sell” recommendation.

Markets are bracing for a busy week. Senior US and Chinese officials meet in Stockholm on Monday to keep trade talks on track. Attention will quickly turn to the US Federal Reserve’s policy outcome mid-week.