Shares of PSU banks rallied on Wednesday, giving a lift to the benchmark indices. UCO Bank and Union Bank of India led the gains, jumping over 8% each, with Central Bank, Bank of India, and Indian Overseas Bank climbing between 6% and 7%. The Sensex gained 346.37 points or 0.6% to close at 57,960.09, while […]
Infosys losing a $1.5 billion AI deal from a global firm last week, and muted revenue growth guidance by Accenture, are clear indicators that domestic IT firms are from a recovery path, at least till the first of 2024 calendar year. Any chances of revival can only be expected by October, according to analysts. True, […]
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