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⭐ BEL signs defence supply contract
The Ministry of Defence has signed two new contracts worth ₹3800 crore with Bharat Electronics (BEL). As part of the contract, the state-owned firm will supply medium power radar and digital radar warning receivers to the Indian Air Force.
⭐ RVNL secures new order
The rail infrastructure company said it was awarded a new project worth ₹252 crore in Gujarat. This project work involves the upgradation of a six-lane highway. The work will be executed along with a joint venture partner.
⭐ Accenture lowers its revenue forecast
The IT consulting firm lowered its annual revenue growth forecast to 8-10%, down from the previous 8-11% expected. This comes amidst global economic woes, which could lower corporate IT spending. Meanwhile, the company reported revenue of $15.8 billion, a rise of 9% YoY and a quarterly profit of $1.5 billion during the second quarter. Accenture results come ahead of the quarterly earnings of Indian IT companies.
Global markets (at 9:00 AM today)
|SGX Nifty||▲ 0.01%|
|Nikkei 225 (Japan)||▼ 0.26%|
|Hang Seng (Hong Kong)||▼ 0.25%|
|SSE Composite (China)||▼ 0.62%|
|Dow Jones (US) (March 23)||▲ 0.15%|
|NYSE (US) (March 23)||▼ 0.29%|
|Nasdaq (US) (March 23)||▲ 1.01%|
|S&P 500 (US) (March 23)||▲ 0.23%|
Fact of the day
The Bank of England raised its key bank rat by 25 basis points (0.25%) to 4.25%