Business

Wipro net up 6% in Q2

Wipro net up 6% in Q2

Bengaluru-headquartered Wipro posted revenue of Rs13,469 crore, while revenue from core IT services was Rs13,169 crore. Revenues largely matched analysts' expectations but constant currency growth and Q3 guidance missed estimates. But what would be comforting for Wipro is that its growth rates are steadily rising. IT services revenues in dollar terms grew by 2.1 percent quarter-on-quarter to USD 2,013.5 million in July-September quarter.



Endurance Wealth Management Inc. Has $14.79 Million Holdings in Comcast Co. (CMCSA)

As of the end of the quarter Midwest Investment Management LLC had sold 1,232 shares trimming its position 2.6%. Several other institutional investors also recently modified their holdings of CMCSA . Pivotal Research maintained the stock with "Buy" rating in Thursday, July 27 report. The company now has a consensus rating of "Buy" and a consensus target price of $45.83.



Things Kinder Morgan Inc Investors Should Keep an Eye on This Quarter

The M-Score, conceived by accounting professor Messod Beneish, is a model for detecting whether a company has manipulated their earnings numbers or not. Kinder Morgan announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, July 19th that authorizes the company to repurchase $2.00 billion in outstanding shares.


MCX starts trading in gold options

MCX starts trading in gold options

The European-styled Gold options are hedger-friendly and physically settled, which means on exercise at expiration the options position devolves into corresponding underlying MCX 1 KG Gold futures position at the strike price of the exercised options.


China's Xi Jinping opens Communist Party congress set for massive Politburo reshuffle

China's Xi Jinping opens Communist Party congress set for massive Politburo reshuffle

The congress also decided the roadmap for China for the next five years, and was expected to finish next week. Chinese President and Communist Party chief Xi Jinping kicked off his party's once every five-year national congress on Wednesday, a rare rainy day for the autumn season, delivering a keynote speech outlining his vision for a second term as party head.



EPS for Energy Transfer Equity LP (ETE) Expected At $0.34

The average investment recommendation for GEL, taken from a group of Wall Street Analysts, is 2.30, or a buy. Similarly, the Earnings Yield Five Year Average is the five year average operating income or EBIT divided by the current enterprise value.