Tata Motors is scheduled to announce its financial results for the first quarter of FY 2024 on July 25 and is expected to declare its results post market hours. As per ET Now's research, the company's consolidated net profit for the April-June period is projected to be Rs 2,412 crore., Companies News, Times Now
Bengaluru: Hyderabad, Bengaluru, and Chennai, three prominent southern cities, emerged as key contributors, accounting for 59% of the total gross office leasing across seven major Indian cities in the second quarter of 2023, a report said., Bengaluru News, Times Now
One of the consequences of the headwinds faced by the Indian IT industry is the increasing bench size and under-utilisation of employees at companies like TCS, Infosys, Wipro, and others.
The correction in Indian IT stocks such as Wipro, Infosys and TCS this year has left investors confused about the positions they should take to achieve maximum returns from their portfolios. Among the three IT bellwethers, Wipro stock has slipped the most, declining 45% this year. Wipro shares which closed at Rs 715.20 on December 31, 2021 were trading at Rs 394.95 in the current session. On the other hand, Infosys stock has lost 18.19% and shares of TCS have tumbled just 11.45% in 2022. In a time-span of one year too, Wipro has emerged as the top loser falling 38%, followed by Infosys (11%) and TCS (7.3%).