The coffee-chain operator's decision of delaying results has come amid scrutiny of the company's books and the statements made by late VG Siddhartha in his letter preceding his suicide

While the company's compressed natural gas (CNG) sales volume increased by 10%, its piped natural gas (PNG) sales volumes rose 12% in Q2FY19

Menon will be relieved from the company's services on November 15; Mindtree says he would be pursuing opportunities outside the company

An analysis of 483 BSE 500 stocks whose September 2019 quarter details were available showed FPIs ownership as a per cent of total shareholdings marginally dipping from 13.8 per cent in September 2018 to 13.4 per cent in September 2019

L&T Q2 results: Consolidated revenue from operations jumped 15.16 per cent to Rs 35,328.45 crore for the quarter ended September 30, 2019, as against Rs 30,678.13 crore in the year-ago period

Mindtree's BFSI vertical grew 2.8 per cent sequentially, while travel and hospitality and hi-tech and media verticals grew by 3.3 per cent and 3.8 per cent, respectively. However, growth in retail, consumer packaged goods (CPG) and manufacturing remained flat

Catch top stories today from the world of business and economy with BusinessToday.In end of day (EOD) report

Mindtree Q2 results: The revenue of IT services company grew by 9.1 per cent to Rs 1,914.30 crore in Q2FY20 versus Rs 1,755.40 crore in Q2FY19

Addressing investors and analysts for the first time after the completion of takeover by L&T and induction of new board members, Subrahmanyan said that the few clients that he met have given them a positive feedback and welcomed the takeover by L&T.

Share of Wipro rose over 3% in the early trade today despite the IT software company reporting a fall in Q1 revenue, EBIT and margins on a sequential basis. It also  saw slowdown in growth areas like BFSI due to stress in capital markets and the European banking space. 

Tata Consultancy Services (TCS), country's largest software services exporter recorded a double-digit growth for the fourth consecutive quarter with dollar revenues of $5,485 million and a constant currency growth of 10.6 per cent year-on-year.

The net profit declined 7.5 per cent sequentially from $29.1 million last quarter to $26.9 million this quarter.

The mid cap stock opened at a loss of 6.53% in trade today. The stock has been losing for the last two days and has lost 15.45% during the period.

At 3:20 pm, the stock was trading 7.24 percent or 37 points higher at 549 level on the BSE. Credit Suisse upgraded the firm's stock rating to 'Outperform' from 'Neutral' and hiked target price to Rs 600 from Rs 460, implying a potential upside of 17 percent from Friday's close.

Shares of Mindtree tanked over 5 per cent to hit over two-year low after the IT services and consulting company posted 37 per cent fall in consolidated profit for the September quarter.

The net sales and profits of listed Indian corporates may fall on the year-on-year basis in Q2FY16, analysts said, indicating the road ahead may still be wobbly for economic recovery and stock market.

If the economy is on a path to revival, it is definitely not showing in corporate earnings. After many quarters of slowing down, the profit after tax (PAT) of Sensex and Nifty companies fell 6.4% and 4.8%, respectively, in the third quarter of 2014-15.