The
Indian markets
on Friday
posted their biggest single-day gain in almost a month, after the Bank of
England’s (BoE’s) stimulus plan further boosted the risk appetite of global
investors. For more market update visit www.marketmagnify.com/freetrial.php & give missed call @ 78-79-88-11-22.
Most
emerging
markets (EMs)
rallied after Britian's central bank on Thursday cut borrowing costs and
announced a stimulus package aimed at protecting its economy from the Brexit
(vote to leave the European Union) fallout.
Cognizant
Technology
Solutions, has cut its full-year revenue forecast (it follows a
January-December financial year) for the second straight quarter, emphasising
the challenges impacting the information technology sector.
The US-based company has cut its full-year revenue growth estimate to $13.47 billion from $13.6 billion projected earlier. This represents a growth rate of 8.45-9.5 per cent, one of the lowest ever for the company.
The US-based company has cut its full-year revenue growth estimate to $13.47 billion from $13.6 billion projected earlier. This represents a growth rate of 8.45-9.5 per cent, one of the lowest ever for the company.
