India’s largest IT services company Tata Consultancy Services (TCS) reported its highest third quarter order book in at least the past five fiscal years with total contract value (TCV) at $10.2 billion in the period ended December 31. This comes in a seasonally weak quarter for the IT industry due to holiday season in core markets like North America.
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BR Goyal Infrastructure's initial share sale continued to garner strong interest from investors, who have subscribed the SME IPO 82.77 times so far on the final day of bidding, i.e. January 9. The issue was opened for subscription on January 7. The company that is engaged in the construction of infrastructure projects targets to raise Rs 85.21 crore through initial public offering.
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Indraprastha Gas Limited's shares rose 3% to Rs 418.70 after GAIL (India) Ltd. increased IGL's domestic gas allocations in the CNG segment by 31%, effective from January 16. This revision, along with additional RLNG volumes, is expected to positively impact IGL's profitability. The stock hit an intraday high of Rs 435.85 before paring some gains.
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