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Mindtree Q2 Net Profit Up 17%
(RTTNews) - Technology consulting and services firm Mindtree Ltd. on Thursday reported that net profit for the second quarter grew 16.9 percent to $63.1 million from last year.
Revenue for the quarter grew 20.6 percent to $422.1 million year-on-year.
Mindtree recorded 276 active clients as of September 30, 2022. The company added 3 new clients during the quarter.
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Mild Upside Seen For Singapore Stock Market
The Singapore stock market on Monday snapped the two-day winning streak in which it had risen more than 25 points or 0.6 percent. The Straits Times Index now sits just above the 3,875-point plateau and it figures to remain rangebound again on Tuesday.
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18 minutes ago
Malaysia Stock Market May Tick Higher On Tuesday
The Malaysia stock market has ticked lower in three straight sessions, shedding more than 25 points or 1.8 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,555-point plateau although it may find traction on Tuesday.
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48 minutes ago
Japan Stock Market May Snap Losing Streak
The Japanese stock market has moved lower in four straight sessions, dropping more than 700 points or 2 percent along the way. The Nikkei 225 now sits just beneath the 37,500-point plateau although it may stop the bleeding on Tuesday.
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1h 3min ago
South Korea Shares Likely To Remain Rangebound
The South Korea stock market has moved lower in two of three trading days since the end of the three-day winning streak in which it had advanced more than 60 points or 2.4 percent. The KOSPI now sits just above the 2,600-point plateau and it's expected to hold steady in that neighborhood again on Tuesday.
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1h 18min ago
Australia Rate Decision Due On Tuesday
The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBA is widely expected to trim its benchmark lending rate to 3.85 percent from the current 4.10 percent.
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2h 18min ago
Euro Retreats Against Majors
The euro retreated against its major counterparts in the New York session on Monday.
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4h 24min ago
Swiss Market Turns Positive In Closing Minutes, Ends Slightly Up
The Switzerland market closed marginally up on Monday thanks to a few stocks finding some good support in the closing hour of the session.
The sentiment was weak for much of the day's session as Moody's downgraded the United States' sovereign credit rating.
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6h 56min ago
European Stocks Rise In Late Afternoon Trades, Close On Mixed Note
After languishing in negative territory for much of the day's trading session, European stocks closed mixed on Monday with several markets seeing some brisk buying at several key counters past mid afternoon.
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7h 25min ago
