[ad_1] essence TCS’ dollar-denominated revenue is expected to increase by 1.9% sequentially to $6,824.5 million, compared to a 2.6% increase in the prior quarter, according to an average of estimates from ETIG and eight brokerages. A weaker euro and pound against the dollar will impact the reported growth, even though constant currency (CC) growth is expected to exceed 3-4%. ET Intelligence Group: Tata Consultancy Services (TCS) is likely to report a moderation in sequential revenue and profit growth in dollar terms for the June 2022 quarter, keeping in view the…
Tag: expected
Tax revenue collection expected to be better than budget estimates in FY23: Revenue Secretary
[ad_1] Revenue Secretary Tarun Bajaj on Thursday said tax revenue collection in the current fiscal is expected to be much better than the budget estimate.In the last fiscal, there was an increase of 20 per cent in indirect taxes and 49 per cent in direct taxes. The tax-to-GDP ratio rose to 11.7 per cent in 2021-22 – the highest since 1999. In 2020-21, the ratio was 10.3 per cent. The country’s tax collection touched a record high of Rs 27.07 lakh crore last year as compared to the budget estimate…
UltraTech Cement Rating: Hold; Capex expected to worsen sector sentiment
[ad_1] In the current times of weak demand, low price power, high fuel cost and uncertainty related to entry of a new aggressive player (Adani Group), any significant capacity announcement is likely to further hurt the sentiments of the sector. Looking at the background, UltraTech CementThe F25E’s plan to add 22.6mpta (~17% of its capacity) by the F25E may raise concerns over the outlook for the sector. While a lower capital expenditure cost of ~$74/t (versus an estimated replacement cost of >$100-120/t with recent inflation) is positive for UTCL, in…