During the quarter, L&T Technology Services won nine multi-million dollar deals across all major industry segments which include two deals having TCV of USD 30 million plus each. On a YoY basis, LTTS has increased its USD 20 million-plus clients by two and its USD 10 million plus clients by four
Brent was 45 cents or 0.7% higher at 64.45 dollars a barrel while US crude was up by 39 cents at 58.20 dollars a barrel
Yes Bank has been in the process of raising capital from strategic investors to get over liquidity issues and accumulation of toxic assets
Wipro, which gets bulk of its top line from IT services, said it expects revenues from that business to be in the range of $ 2.09 billion to $ 2.13 billion in the March quarter, clocking a sequential growth of flat to 2%
Walmart, the world’s largest retailer, stated that the move to axe some of its personnel was done with an aim to increase operational efficiency in an underserved market.
Except for Nifty IT which dipped slightly, all sectoral indices were in the positive zone. Nifty PSU bank gained by 1.97% each, realty by 1.85% and metal by 1.27%.
All sectoral indices were in the positive zone except for Nifty IT which slipped slightly by 0.11%. Nifty PSU bank and realty climbed up by 1.9% each, financial service by 1.7%, metal by 1.6% and pharma by 1%.
All sectoral indices were in the negative terrain with Nifty PSU bank falling by 3.2%, metal by 2.2%, auto by 1.7% and FMCG by 0.8%
Among stocks, JSW Steel gained by 1.15% to trade at Rs 273.15 per share while Vedanta moved up by 0.98% and Tata Steel by 0.73%. Adani Ports added gains of 1.97% and engineering major Larsen & Toubro ticked up by 1.5%
Standalone revenue of the company for the first half of FY20 was Rs 1,423 crore and profit after tax was Rs 325 crore. For the FY20 so far, the company's dividend payout ratio stands at 46%
