Budget Reactions by Financial Companies

1) Yuvraj A. Thakker, Managing Director, StoxBox Union Budget 2024-25 marks a transformative phase for the stock market, with a strong focus on infrastructure and defense spending. The increased allocation for infrastructure projects is expected to stimulate economic growth, enhance connectivity, and drive significant investments in related sectors. Similarly, the heightened defense budget reflects a …

LTI Mindtree Expects Marginal Q1FY25 Revenue Increase

15/07/2024- LTI Mindtree is projected to experience a marginal revenue increase in Q1FY25 in constant currency terms, driven by broad-based growth across various verticals. The BFSI segment is anticipated to recover, benefitting from the absence of project cancellations that occurred last quarter. Key factors to monitor include the demand outlook for the BFSI sector, signs of recovery …

TCS Reports Increased Net Profit in Q1 FY25

12/07/2024- Tata Consultancy Services (TCS), India’s largest software services exporter, has reported a notable increase in net profit for the first quarter of the financial year 2024-2025. The company’s net profit rose by 9 per cent, reaching Rs 12,040 crore, up from Rs 11,074 crore in the same period last year. Revenue from operations saw …