Shares of LTIMindtree gained mildly to Rs 6,262 apiece on November 27 after the company’s management revealed an ambitious target of reaching $10 billion in revenue by the fiscal year 2031-32 during its recent analyst meeting. While the projection underscores LTIMindtree's long-term vision, brokerages remained cautious, flagging ongoing challenges in discretionary spending that could weigh on ne...

Foreign institutional investors (FIIs) have sold nearly $10 billion in shares in the secondary markets so far in October, despite continuing to invest in the primary markets, where a wave of IPOs is emerging. FIIs have been net buyers in the primary market, accumulating $645 million in October to date.According to data from the National Securities Depository Limited (NSDL), FIIs were net sellers i...

Top Stock PicksThe benchmark indices saw some profit-taking after a day of small rally, with the Nifty 50 ending with a loss of one-third of a percent on October 15. The breadth was negative, with 1,312 shares declining against 1,192 shares advancing on the NSE. The index is likely to remain rangebound until it decisively surpasses short-term moving averages. Below are some trading ideas for the n...

Shares of Nazara Technologies plunged over 5 percent on July 18 as two of its subsidiaries — Openplay Technologies and Halaplay Technologies — are facing significant GST liability notices totaling nearly Rs 1,120 crore.Openplay Technologies has been issued a show cause notice by the Director General of GST Intelligence, Kolkata, for a proposed liability of Rs 845.72 crore. While Halaplay Techn...

Intel's push into software is going well and the company could have cumulative software revenue of $1 billion by the end of 2027, Chief Technology Officer Greg Lavender told Reuters.Intel made north of $100 million in software revenue in 2021, the year Lavender was brought in from cloud computing company VMware by CEO Pat Gelsinger to steer the chipmaker's software strategy. Since then, Intel has ...