Dollar revenue grew by 2.3 percent QoQ and constant currency revenue growth stood at 2.1 percent in Q3. Company raised its full year constant currency revenue growth forecast to 16.5-17 percent from 15-17 percent and margin to 19-19.5 percent from 18.5-19.5 percent earlier. … [Read more...] about HCL Technologies raises FY20 revenue guidance; what should investors do with stock?
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The McKinsey Global Institute’s (MGI) new China-World Exposure Index shows that the world’s relative exposure to China has increased, while China’s to the world has fallen. This is important for China to be mindful of as they are already facing a contraction with a rising domestic consumption. According to the MGI, in 11 of the 16 quarters since 2015, domestic consumption contributed more than 60 per cent of total GDP growth. In 2017 to 2018, about 76 per cent of GDP growth came from domestic consumption, while net trade made a negative contribution to GDP growth, which was 8 per cent in 2008. … [Read more...] about Trade | How real is the truce in the US-China trade war?
"While corporate loan growth is strong and driving overall loan growth, retail loan growth remains skewed in favour of unsecured products. Asset quality has deteriorated as the bank reported higher slippages from lumpy accounts and the agri segment. However, provisioning buffers should enable a steady earnings trajectory," said the brokerage, which estimated loan book/PAT CAGR at 19/25 percent over FY19-22, led by continued improvement in operating leverage, higher fee income and stable margins. … [Read more...] about HDFC Bank Q3: Mixed numbers; should investors buy, sell or hold?
Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about Impossible to consistently enforce ban on hate speech: Reddit CEO Huffman
The WSJ says Amazon envisions having the terminal located in stores where people often frequent for repeat purchases, like coffee shops, fast-food joints, and grocery stores. I know—Amazon doesn’t own coffee shops or fast-food restaurants (they do own Whole Foods), so what benefit would Amazon get out of having their hand payment readers in third-party stores and retailers? Customer data about where, how often, and what people shop for, which Amazon would then use to better target those customers with ads for products they buy on the company’s website. … [Read more...] about Amazon wants you to use your hand to pay for things at third-party retailers