Sunday, October 18
Zen Technologies posted a sharp 189% year-on-year (YoY) rise in consolidated net profit to Rs 101.04 crore for the quarter ended March 2025, compared with Rs 35.99 crore in the same period last year.Revenue from operations surged 130% YoY to Rs 324.97 crore, up from Rs 141.38 crore in Q4 FY24. Total expenses rose 106% to Rs 195.7 crore from Rs 94.69 crore in the year-ago period.The company’s EBITDA for the quarter stood at Rs 138 crore, significantly higher than Rs 50.4 crore in Q4 last year. EBITDA margin improved to 42.45%, compared to 35.65% in the same period last year.The board recommended a final dividend of Rs 2 per share (200%) for the financial year ended March 31, 2025, to be declared at the upcoming 32nd Annual General Meeting. If approved, the dividend will be paid in accorda
Moody's downgraded the U.S. sovereign credit rating on Friday due to concerns about the nation's growing, $36 trillion debt pile, in a move that could complicate President Donald Trump's efforts to cut taxes and send ripples through global markets.Moody's first gave the United States its pristine "Aaa" rating in 1919 and is the last of the three major credit agencies to downgrade it.Friday's cut by one notch to "Aa1" follows a change in 2023 in the agency's outlook on the sovereign due to wider fiscal deficits and higher interest payments."Successive US administrations and Congress have failed to agree on measures to reverse the trend of large annual fiscal deficits and growing interest costs," Moody's said on Friday, as it changed its outlook on the U.S. to "stable" from "negative."The an
"It would look at many of the two wheelers. So, you look at it, it would look at many of the segments of market which have done very badly over the last four to five years and that is how we came to this area," says S Naren, ED & CIO, ICICI Prudential AMC.So, let us now focus on a very basic investment approach which you have adopted over the years, which is buy fears, sell greed; be contrarian; try and buy what others are selling when you find value there. In that same spirit, you bought telecom, you bought into metals, you bought into banks. I can see one pocket of fear in the market, which is IT. Nobody likes it. Everybody has a view that nothing could go right on it. Is it a time now for you to put your long-term lens and start buying into it, especially IT services?S Naren: See, w
