Larsen and Toubro Infotech (LTI), a subsidiary of construction major Larsen & Toubro (L&T), has posted a marginal fall of 0.5% in consolidated net profit at Rs 634.4 crore for the quarter ended June 30. In comparison, the technology firm had posted a net profit of Rs 637.5 crore in the sequential fourth quarter ended March. However, the company’s earnings beat Bloomberg analysts’ consensus estimate, who were expecting the firm to post a net profit of Rs 578.6 crore in the first quarter of this financial year. LTI’s consolidated revenue from operations rose 5.14% to Rs 4,522.8 crore from Rs …
Sebi invites applications to hire 24 officials in IT department
Capital markets regulator Sebi on Thursday invited applications for as many as 24 senior-level executives in the information technology department. The recruitment drive would beef up the headcount at the Securities and Exchange Board of India (Sebi) for faster and more effective execution of its regulatory role. While inviting applications, Sebi has cautioned candidates against falling prey to any unscrupulous elements who may try to deceive them by false promises of securing jobs in the regulator, according to a public notice. In case any candidate comes across such an offer, the same may be immediately brought to the notice of …
Q1 earnings, global cues, FII to influence trading in equities this week: Analysts
Financial results, foreign fund movement, global cues and trends in the rupee are the major factors that will drive the equity markets this week, analysts said. Besides, international oil benchmark Brent crude movement would also influence trading in the market, they added. On the global front, the ECB (European Central Bank) and Bank of Japan’s decision on the interest rates will be an important factor whereas the movement of the dollar index will remain a critical factor, Meena said. “Market will also have an eye on commodity prices and behaviour of FIIs (Foreign Institutional Investors),” Meena added. HDFC Bank on …