Revival in IT stocks likely to continue in new year
While Accenture's latest growth guidance is indicating a subdued near-term outlook for the sector, fund managers and analysts said the US central bank's dovish tilt has reduced the risk of earnings downgrades. The next big trigger for the sector would be signs of deal wins by IT firms, they said. Key Points
Economic Times$521 mn total deal wins' the highest we have seen in Persistent Systems: CEO
Sandeep Kalra says: “In terms of industry verticals, we have said it over the past several quarters, that healthcare life sciences will lead the growth for us for the next several quarters, followed by technology companies, followed by BFSI. And that is the trend that we are seeing in our order book and that should pan out for us as well.” Key Points
Economic TimesTCS Q4 results tomorrow: What to expect and 6 things for investors to track
TCS' press releases and certain media reports have indicated several deal wins in the quarter including a few mega deals. Kotak expects strong deal wins of over $10 billion for the quarter, assuming normal renewal component while Jefferies has forecast large deal wins in the $2-2.5bn range supported by larger deals amidst slower decision making. Key Points
Economic TimesTCS, Infosys, HCL Tech Q2 results show billion dollar deals aren't enough
Companies flexed a few levers to defend margins. These include raising utilization rates, increasing productivity measures, lowering the average cost of resources, further cutting subcon costs (sufficiently optimized by now), and managing SG&A, said Kotak's Kawaljeet Saluja. Analysts are building in 60-110 bps margin expansion over FY2024-26E for TCS, Infosys, and HCL Tech. Key Points
Economic TimesDespite strong deal wins, worried about fall in TCS employee and revenue numbers: Mahantesh Sabarad
Market expert Mahantesh Sabarad suggests that investors should take advantage of the buyback opportunity, despite low premiums and potentially low acceptance ratios. He cautions that the stock may not sustain its rally due to weak results. While deal wins are strong, delivery is lacking and new hires have decreased, indicating subdued delivery in the coming quarters. Sabarad advises caution regarding the buyback and expresses concern about declining revenue and employee base. Key Points
Economic Times
Amitabh Bachchan reacts as RRR, The Elephant Whisperers win Oscars
Amitabh Bachchan is elated as India wins two Oscars, for RRR and The Elephant Whisperers. Here's what he said. | Bollywood Key Points
Hindustan TimesInzamam-ul-Haq resigns as PCB Chief Selector amid World Cup debacle; netizens ask, 'Is Babar Azam next?'
The Men in Green began their campaign with two solid wins but cracked after that in the following four matches. Pakistan's back-to-back defeats in the last four matches have dashed their hope for a semifinal spot. Key Points
Business TodayOscars 2023 LIVE: Everything Everywhere All At Once wins the Best Picture; bags seventh award for the day-Entertainment News , Firstpost
Everything Everywhere All at Once, All Quiet on the Western Front, Avatar: The Way of Water, The Banshees of Inisherin, Elvis, The Fabelmans, Tár, Top Gun: Maverick, Triangle of Sadness and Women Talking will compete with each other to bag the best film award. Watch LIVE News, Latest Updates, Live blog, Highlights and Live coverage online at firstpost.com. Key Points
FirstpostTech Mahindra Q2 Preview: Profit to fall 42% YoY; deal wins seen muted
The communications vertical is expected to be the weakest during the September quarter. Deal wins are likely to remain soft similar to the previous two quarters, due to weak macro environment and slow decision-making of businesses. Key Points
Economic TimesOscar 2024: Complete list of winners; Oppenheimer dominates with Best Picture; Christopher Nolan, Cillian Murphy win
Oscar 2024: 'Oppenheimer' dominated with 13 nominations and multiple wins, including Best Picture, Best Director and Best Actor. Check out the complete list of winners at the 96th Academy Awards. Key Points
mint
Deal wins make us extremely bullish for FY2025: Warren Kevin Harris, Tata Tech
Tata Technologies CEO Warren Kevin Harris mentioned that the company's Q3 services revenues were impacted by a customer transition in Southeast Asia. The development of two electric vehicles for a customer is nearing completion, resulting in a reduction in headcount. While some impact is expected to continue in Q4, the company remains optimistic for fiscal year 2025 due to deal wins and a strong order book. Operational efficiency and lower sub-contracting contributed to a 140 basis point expansion in EBITDA margin in Q3. Key Points
Economic TimesOscars 2024 nominations: Nolan's 'Oppenheimer' leads with 13 nods; check complete list of nominees
The 2024 Oscar nominations are out, featuring 321 films and top contenders like 'Oppenheimer,' 'Poor Things,' and 'Barbie.' Hosted by Jimmy Kimmel on March 10, the 96th Academy Awards promise excitement. Notable snubs have stirred discussions, adding anticipation to the star-studded event. Key Points
Economic TimesTech Mahindra Q3 result preview: Revenues to decline QoQ; deal wins to be muted
Tech Mahindra Q3 result preview: Tech Mahindra is expected to see a sequential decline in quarterly revenue due to weakness in the communication vertical segment and higher furloughs. Revenue from operations is expected to decline between 1-1.4% quarter-on-quarter. Margins are likely to expand on a QoQ basis due to portfolio reshuffling. Deal wins are expected to remain muted. Investors should watch out for deal wins, pipeline from the communication vertical, pricing scenario, attrition, and outlook on growth. Key Points
Economic TimesIndia's L&T Technology posts 13% rise in Q1 profit on order boost
Indian engineering research and development provider L&T Technology Services (LTEH.NS) reported a nearly 13% rise in first-quarter profit on Tuesday, aided by strong order wins. Key Points
ReutersIPL 2023 RCB vs GT Match Preview: Venue, weather report, pace of pitch, probable Playing XI and other details
With thumping wins in their previous matches, RCB look confident to keep the momentum for the playoff qualification. Virat Kohli, De Plessis and Glenn Maxwell are in solid form who can set the tone for winning the match. Key Points
Financialexpress
RCB bowlers rip through RR batting to post thumping win, du Plessis & co remain in playoff hunt
There was a joke among IPL fans that Royal Challengers Bangalore plays and wins matches only because it has brilliant trio of batting – Virat Kohli, Faf du Plessis and Glenn Maxwell. Nobody took them as bowling side. But on Sunday, they turned that joke on its head as RCB bowlers demolished the ace batting […] Key Points
FinancialexpressIndia rises five places to 101 in latest FIFA rankings
The 1-0 and 2-0 wins over Myanmar and Kyrgyzstan respectively in Imphal last month ensured that India gained 8.57 rating points and five spots, up from the previous 106th spot, to be just one place away from top-100. Key Points
The Indian ExpressNine things to watch out for during the 95th Academy Awards
The Academy Awards have long been a night of surprises, and the 2023 Oscars are no exception. From record-breaking wins to unexpected performances, the 95th Academy Awards have the potential to be one of the most memorable yet. Here are nine things to watch out for during the show. Key Points
Hindustan Times