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Veteran Fund Manager Mark Mobius Looks To Bet On India’s Troubled Shadow Banks

Mumbai:  At a time when most money managers are steering clear of India’s crisis-hit shadow banking firms, veteran emerging markets fund manager Mark Mobius is exploring aggressive contrarian bets on the sector. Mr Mobius’ bet comes at a time when investors have been selling holdings in non-banking finance companies (NBFCs) after a series of defaults […]

HCL Tech Posts 2,534 Crore Rupees Profit In Q2, Beats Analysts’ Estimates

Analysts on average had expected a consolidated profit of Rs 2,450 crore, according to Refinitiv data. Software services exporter HCL Technologies Ltd posted a 14.8 per cent rise in second-quarter net profit, beating analysts’ estimates, helped by higher revenue from its software services business. Net profit attributable to shareholders rose to Rs 2,534 crore ($344.43 […]

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