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HGS CEO Partha DeSarkar cited examples of areas with lower productivity due to staff shortages, and mentioned that HGS is testing AI solutions with clients in areas like conversational AI, loan processing, and document processing.

The Economic Times

Generative AI’s opportunity lies where there are shortages of manpower: HGS CEO

HGS CEO Partha DeSarkar cited examples of areas with lower productivity due to staff shortages, and mentioned that HGS is testing AI solutions with clients in areas like conversational AI, loan processing, and document processing.

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Fri, Aug 30, 2024

Business process management firm Hinduja Global Solutions has posted a multifold jump in its consolidated profit to Rs 161.5 crore in the first quarter ended June 30, mainly due to sale proceeds of healthcare business received during the period.
The company reported a profit of Rs 16.64 crore a year ago.
Without the one-time gain from the sale of the healthcare business, HGS recorded a loss of Rs 57 crore during the reported quarter from continuing operations.
The revenue from operations of Hinduja Global Solutions (HGS) declined by 3.6 per cent to Rs 1,091.92 crore in the June 2024 quarter from Rs 1,133.49 crore in the year-ago period.
"Profitability in the quarter was adversely impacted due to some one-time costs, and we expect our profitability to improve from Q2 FY2025 onwards.
"During the quarter ended June 2025, we received additional payment towards the sale of the healthcare business resulting in net profit of Rs 218.5 crore shown under Profits from Discontinued Operations

Business Standard

Hinduja Global Solution Q1 results: Net profit jumps to Rs 161.5 cr

Business process management firm Hinduja Global Solutions has posted a multifold jump in its consolidated profit to Rs 161.5 crore in the first quarter ended June 30, mainly due to sale proceeds of healthcare business received during the period. The company reported a profit of Rs 16.64 crore a year ago. Without the one-time gain from the sale of the healthcare business, HGS recorded a loss of Rs 57 crore during the reported quarter from continuing operations. The revenue from operations of Hinduja Global Solutions (HGS) declined by 3.6 per cent to Rs 1,091.92 crore in the June 2024 quarter from Rs 1,133.49 crore in the year-ago period. "Profitability in the quarter was adversely impacted due to some one-time costs, and we expect our profitability to improve from Q2 FY2025 onwards. "During the quarter ended June 2025, we received additional payment towards the sale of the healthcare business resulting in net profit of Rs 218.5 crore shown under Profits from Discontinued Operations

Healthcare

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Wed, Aug 14, 2024

Stocks News

Suzlon Energy shares gain after removal from ASM framework — What does it mean?

The parameters for shortlisting securities under ASM include high-low variation, client concentration, number of price band hits, close-to-close price variation and price-earnings ratio.

SUZLON

CNBC-TV18 Morning Call: Nifty, Dow at new highs, IPO rush continues

People rushed to buy Coldplay tickets faster than applying for the recent IPO rush. Catch more on that and the latest global and local news on CNBC-TV18 Morning Call.

GLOBAL

Sensex Today | Stock Market LIVE Updates: Nifty 50 below 25,900, ONGC, SBI, M&M top gainers

Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex opened today's trade session at record highs and continue to trade with gains.

ONGC

M&M

Trade Setup for September 23: What next for the Nifty after a 800-point rally in seven sessions

This will also be the September series expiry week and the focus will now shift back to domestic factors as the major global event is out of the way.

FOCUS

GLOBAL

NCLAT junks plea of Liberty Shoes' former CEO seeking ease of norms

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LIBERTSHOE

Buy or sell: From Federal Bank to HUL — Ganesh Dongre recommends three stocks for Monday

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FEDERALBNK

SpiceJet is losing big time. Who is gaining at its expense?

SpiceJet's domestic market share plummeted from 5.6% in January to 2.3% in August, carrying only 3.01 lakh passengers. While IndiGo and Air India gained market share

INDIGO

Mcap of 6 of top-10 most valued firms jumps Rs 1.9 trn; Infosys tumbles

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Stocks to buy or sell : Dharmesh Shah of ICICI Securities recommends buying Tata Consumer, and Union Bank tomorrow

Stocks to buy or sell : Dharmesh Shah of ICICI Securities recommends buying Tata Consumer Products Ltd and Union Bank of India this week.

Latest Market News Today Live Updates September 22, 2024: Arkade Developers IPO: What to expect from Arkade IPO listing? Check GMP, final subscription status

Latest Market News Today Live Updates: Follow Mint's market blog for real-time updates on your favourite companies. This blog keeps you informed on all things Dalal Street and global markets.

GLOBAL

Week Ahead: FII inflows, F&O expiry, global cues among key market triggers as Nifty 50 approaches 26K

Stock market triggers: This week, domestic macro data, F&O expiry, and global cues will dictate market trends. D-Street experts say the Nifty 50 stares the 26,000 mark as its next upside.

GLOBAL

Rites allots 24.03 cr equity shares under bonus issue

Consequently, the paid-up Equity Share Capital of the Company stands increased to 48,06,03,774 equity shares of Rs 10 each.

RITES

Movers & Shakers: Stocks that will see action this week

Here is what the charts say about the shares of Bikaji Foods International, Campus Activewear and Tamilnad Mercantile Bank

BIKAJI

TMB

CAMPUS

F&O Strategy: Buy Titan call option

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TITAN

Suzlon Energy shares gain after removal from ASM framework — What does it mean?

The parameters for shortlisting securities under ASM include high-low variation, client concentration, number of price band hits, close-to-close price variation and price-earnings ratio.

SUZLON

Dalal Street Week Ahead: Nifty's winning streak continues, but resistance looms

The Nifty continues its upward trajectory, reaching new all-time highs. However, caution is advised as potential resistance and consolidation lie ahead. While the broader market remains bullish, investors should focus on strategic sector rotation and profit protection, avoiding chasing the rally. Relative Rotation Graphs (RRG) offer insights into sectors likely to outperform or underperform in the coming week.

FOCUS

Western Carriers IPO: GMP signals disappointing return after announcement of allotment status. Listing date in focus

Western Carriers India IPO GMP today is just ₹21, ₹31 lower than Friday's Western Carriers India IPO GMP of ₹52, say market observers

FOCUS

Helios Capital's Samir Arora explains the ‘difficulty of sitting on cash…’

Ace investor Samir Arora highlighted the opportunity cost of holding cash during a market upswing, suggesting significant losses from inaction in recent years.

ACE

Cochin Shipyard, LT, HAL to Mazagon Dock shipbuilders: Should you buy defence stocks after sharp pull back rally?

Defence stocks to buy: Experts have recommended these shares to buy on Monday — Cochin Shipyard, LT, and Mazagon Dock

HAL

MAZDOCK

COCHINSHIP

Glenmark Pharma successful concludes USFDA inspection of its Aurangabad unit

GLENMARK

Midcaps blinking red. It’s time to go back to bluechip stocks

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BLUECHIP

Buy or sell: Sumeet Bagadia recommends three stocks to buy on Monday — Sept 23

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BHARTIARTL

NESTLEIND

S Naren shares his value investing mantra after turning Rs 10 lakh to Rs 5 crore in 20 years

“India's outstanding market performance over the past two decades has been crucial to our success. When we introduced the Value Fund in 2004, value investing wasn't widely recognized, and thankfully, that hasn't changed much. There still aren't many investors who focus on this approach,” says S Naren.

FOCUS

Vodafone Idea share price rebounds from 52-week low. Nuvama predicts 40% upside

Vodafone Idea share price ended at ₹10.52 apiece on the NSE after hitting a new 52-week low of ₹9.79 on Friday

IDEA

NUVAMA

Latest Market News Today highlights September 21, 2024: Dividend Stocks: Cochin Shipyard, Ceigall India, Bharat Dynamics among others to trade ex-dividend next week; Full list

Latest Market News Today highlights: Follow Mint's market blog for real-time updates on your favourite companies. This blog keeps you informed on all things Dalal Street and global markets.

BDL

COCHINSHIP

GLOBAL

IPO check: Ceigall to P N Gadgil — These 8 newly listed stocks shed up to 15% from their listing prices

IPO check: The recent surge in IPOs has led to higher listing gains, attributed to a bullish market. However, experts warn that grey market premiums are not reliable indicators of performance, and many IPOs may struggle post-listing due to weak fundamentals

RELIABLE

No observations by US FDA during plant inspection: DRL

Dr. Reddy's Laboratories announced that the U.S. Food & Drug Administration (FDA) completed a routine Good Manufacturing Practice (GMP) inspection of its integrated product development organization in Bachupally, Hyderabad, with zero observations. The company shared this update in a stock exchange filing on Friday, highlighting compliance with regulatory standards.

DRREDDY

DRL

Feastary buys franchise rights for TGI Fridays in north India

Feastary Hospitality has acquired the master franchise rights for TGI Fridays in North India, aiming to revive the US chain that closed its 20 stores in India two years ago. With an investment of Rs 50 crore, Feastary plans to reopen the first outlet in Delhi-NCR next quarter and revive 15 outlets across nine states.

MASTER

Spice brand MTR's owner Orkla exploring IPO in 2025, says top executive

The company is looking to expand its play in the international market-with a focus on Gulf Cooperation Council (GCC) countries

FOCUS

Vodafone Idea to brief analysts, investors on AGR verdict on Monday

The Vi stock rose 1.35 per cent on Friday to close at Rs 10.52 a piece, a day after plummeting by 19.7 per cent

IDEA

Air India hired 9,000 employees in two years to meet needs: Airline chief

Air India has hired 9,000 employees, including 5,000 crew members, in the last two years to meet the workforce requirement for its expanding fleet and network, the airline's chief Campbell Wilson said on Friday. In a message to staff, he said the airline's domestic market share rose from 24 per cent in FY23 to 27 per cent in FY24 and the international market share climbed from 21 per cent to 24 per cent during the same period, on the back of network expansion and service improvements. The airline has completed two years of its five-year ambitious transformation plan Vihaan.AI. On a consolidated basis, the Tata Group-owned airline recorded a 25 per cent rise in operating revenues and a more than 50 per cent reduction in loss in the last financial year. "When we consider that the FY in question covered only the early part of our transformation program, before most of the initiatives we have been working on were implemented, these early results should encourage us that the effort is .

SERVICE

Adani Enterprises, Eicher Motors among top 10 largecap stocks mutual funds scoop up in August

Mutual funds actively manage their portfolios by buying and selling securities. ICICI Direct Research has revealed the top 10 largecap stocks that mutual funds added to their holdings in August.

ADANIENT

EICHERMOT

ISEC

Satin Creditcare Network approves bond issuance up to USD 7.5 million

SATIN

India's forex reserves rise for 5th week, close in on $700 billion

India's foreign exchange reserves extended their winning run for a fifth straight week to hit a record high of $689.46 billion as of Sept. 13, data from the central bank showed on Friday.

CENTRALBK

Soonicorns Summit: India’s ‘moment to shine’ as VC funding grows, say speakers

The VC funding in the first half of this year witnessed a sizable 45% increase from the second half of the previous year, and the panelists saw India as an increasingly attractive market for global investors.

GLOBAL

Suzlon Energy shares gain after removal from ASM framework — What does it mean?

The parameters for shortlisting securities under ASM include high-low variation, client concentration, number of price band hits, close-to-close price variation and price-earnings ratio.

SUZLON

Stock market update: Stocks that hit 52-week highs on NSE in today's trade

Sobha (PP), Marksans Pharma, Concord Biotech Ltd., Interarch Building and Themis Medicare, hit their fresh 52-week highs during the day.

Gainers & Losers: Cochin Shipyard, RITES among 5 stocks in limelight on Friday

Indian indices reached record highs on Friday, with ICICI Bank and HDFC Bank driving the rally. The Sensex closed at 84,544.31, while Nifty50 settled at 25,790.95, both posting significant gains.

Top Gainers and Losers today on 20 September, 2024: Mahindra & Mahindra, ICICI Bank, Grasim Industries, State Bank Of India among most active stocks; Check full list here

Top Gainers and Losers Today : The Sensex gained 1359.51 points, or 1.63, to settle at 83184.8, while the Nifty gained 375.15 points, or 1.48, to close at 25415.8.

Pelatro IPO: Here are the steps to check allotment status online, GMP as focus shifts to listing

Pelatro Limited IPO; Pelatro IPO opened for subscription on 16 September and ended on 19 September. The allotment is to be out soon. Here are the steps to check allotment status online, GMP as focus shifts to listing

FOCUS

Will Mukesh Ambani pull a Jio on Coke and Pepsi?

Reliance's Mukesh Ambani has revived the Campa Cola brand to challenge Coca-Cola and PepsiCo in India. By offering products at half the price, Reliance aims to disrupt the market. This move has prompted Coca-Cola and PepsiCo to accelerate promotions, although they have yet to cut prices.

RELIANCE

Adani Ports, Rorix Holdings sign MoU to transform commodities market ecosystem

Shares of Adani Ports and Special Economic Zone Ld ended at ₹1,441.35, up by ₹33.35, or 2.37% on the BSE.

ADANIPORTS

BSE

Over 250 stocks hit one-year highs on BSE; investors earn ₹6 lakh crore in a day

Over 250 stocks, including ICICI Bank and Bharti Airtel, reached new 52-week highs on the BSE, with the Sensex and Nifty 50 achieving record gains. Investors gained ₹6 lakh crore as market capitalisation hit record ₹472 lakh crore.

ICICIBANK

BHARTIARTL

BSE

Freshworks appoints Shelton Rego as vice president, sales

Freshworks Inc has appointed Shelton Rego as Vice-President of Sales India operations. Rego will oversee regional business strategy, market expansion, customer relationships, and new partnerships. Previously, he worked at Jio Cloud, Google Cloud, SAP Concur, and Oracle. Freshworks aims to leverage his experience to strengthen its SaaS market share in India.

CLOUD

Blinkit and Big Basket race to deliver iPhone 16 in under 10 minutes

Customers will be able to take advantage of special offers, discounts, and even EMI options available through Unicorn stores when purchasing the iPhone 16 series via Blinkit

RACE

InterGlobe shares decline 0.95% as Sensex climbs

A total of 20,316 shares changed hands on the counter till 01:59PM (IST)

TOTAL

Lupin stock price down 1.34 per cent as Sensex climbs

As of 30-Jun-2024, promoters held 46.7 per cent stake in the company, while FIIs held 19.32 per cent and domestic institutional investors had 16.23 per cent.

LUPIN

Share price of Cummins India jumps as Sensex gains 473.21 points

A total of 5,984 shares changed hands on the counter till 01:48PM (IST)

CUMMINSIND

TOTAL

ACC, IRCTC: 4 stocks turn bearish even as Sensex, Nifty scale new highs

Technical chart suggests that ACC, IRCTC, PND and Aarti Industries could slide up to 28% from present levels owing to formation of 'Death Cross' on the daily chart; a long-term bearish indicator.

IRCTC

ACC

AARTIIND

Share price of ACC falls as Sensex gains 477.89 points

A total of 11,843 shares changed hands on the counter till 01:43PM (IST)

ACC

TOTAL