Fri, Oct 18, 2024 2:41 PM
Top 4 IT firms add 8,400 employees in Q2FY25, ending 4 quarters of decline
A Flip by Shubhangi Gupta
ICICI Securities research report on Tata Communication: Tata Communications’ (TCom) H1FY25 revenue print was muted due to subdued orderbook in FY24, and longer deal conversion cycle. However, it has built a large sales funnel, which started showing benefits in H1FY25 with a few very large deal wins, and orderbook expanding by 25%.
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Kotak Mahindra Bank is expected to report a 9.4 percent increase in its net profit year-on-year (YoY) to Rs 3,494 crore in Q2FY25, as per mean estimates of seven brokerage firms. The lender is expected to report a 10 percent increase in Net Interest Income (NII) YoY to Rs 6,977 crore in the July-to-September quarter. Kotak Mahindra Bank will announce its Q2FY25 results on October 19.
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Ritco Logistics, engaged in transportation activities, has witnessed a remarkable surge in its share price over recent months, consistently breaking record highs and achieving significant milestones. Notably, it has demonstrated a strong ability to recover quickly after any dips, often bouncing back with increased momentum, leading to substantial returns for its shareholders.
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