Fri, Oct 18, 2024 12:42 PM
Buy Mahindra Finance; target of Rs 300: Emkay Global Financial
A Flip by Shubhangi Gupta
The top four Indian IT services giants have resumed hiring, with second quarter (Q2FY25) results and management commentary pointing to expected demand in the upcoming quarters, which is set to drive further need for both lateral and fresher roles. Except for HCLTech, the top players -Tata Consultancy Services (TCS), Infosys, and Wipro- have posted positive headcount growth in Q2.
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Japan's Nikkei share average ended higher on Friday, tracking the Dow's overnight gains, but pared a large chunk of its early gains as investors booked profits. The Nikkei added 0.18% to close at 38,981.75, after rising as much as 0.7% earlier in the session. The index ended the week 1.75% lower. The broader Topix ended 0.04% higher at 2,688.98, but posted a 0.68% weekly loss.
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Early-stage investor 8i Ventures has fully exited its investment in M2P Fintech with a solid return, after the startup closed its Series D financing round last month. The venture capital firm, which has backed startups such as Slice, Kodo, and Blue Tokai, Friday said it clocked a 12X return of Rs 115.9 crore ($13.7 million) on its investment in the payment infrastructure platform.
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