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We expect momentum to improve in the BFS vertical in CY20 as spends at the large secondary mortgage client seeing issues should bottom out in Q4CY19.We reiterate BUY rating on Hexaware as we expect the worst of client-specific issues to…

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Similarly, another PSU, PowerGrid, which has both a national long distance as well as an ISP licence, has said it has paid whatever is due as per its licence condition and owes nothing more to the government.The department of…

The RBI on September 19 commenced statutory inspection of the bank on its financial position as on March 31. (Reuters)The inspection report on the financial position of the scam-hit Punjab and Maharashtra Co-operative (PMC) Bank as on…

HCL’s estimate of useful life for amortisation of IPRs (over 5-15 years) was higher than peers TCS (2-5 years) and IBM (over 1-5/7 years).HCL’s FY19 annual report highlighted a continued focus on inorganic growth to expand the product…

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According to reports, Internet has been shut down 95 times in India this year, right from Kashmir to Assam and even the capital. (IE)The town squares of Twitter, Facebook and WhatsAppwere buzzing this year with people debating issues…

These CRAs had given IL&FS the highest rating of AAA, even when its subsidiary, IL&FS Transport Networks, defaulted in June. (Reuters)After getting it badly from markets watchdog Sebi, credit rating agencies (CRAs) whose role in…

The year 2019 saw record foreign inflows of over billion in Indian equities — the highest in five years.By Urvashi Valecha and Yoosef KPIf the year 2019 was a tale of two halves, the New Year is unlikely to be any different. Just as the…

MARKETWATCH FRONT PAGE The new legislation eliminated the ‘stretch IRA’ provision, but you may not be impacted See full story.Here’s how the Dow and S&P 500 perform in years after they ring up…