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Mahindra Holidays & Resorts India, incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 7170.09 Crore) operating in Tourism & Hospitality sector.

The company’s consolidated net profit for the quarter is likely to drop 10% year-on-year (YoY) to Rs 16,170 crore, according to the average of estimates given by 10 brokerages. Consolidated revenue is seen down 2% YoY at Rs 2.15 lakh crore.

Strength in the U.S. dollar index weighed on prices. The dollar bounced on Wednesday after sentiment was boosted by inflation in the United Kingdom falling more than expected in June to its slowest pace in more than a year at 7.9%.

The Austin, Texas, maker of electric vehicles, solar panels and batteries reported net income of $2.7 billion in the quarter, a 20% increase from a year ago. Earnings per share also rose 20% to 78 cents when measured via generally accepted accounting principles. Total revenue rose 47% to $24.93 billion.

One of the interesting changes that we have seen in IT, especially over the last three to five years is that what we used to traditionally call midcaps or small caps are no longer that small.

No, IT has been a disappointment. Just because the market does not think so does not mean that the facts on the ground are different. They have reported numbers which are below Street expectations and management commentary has been uncertain.

Tata Communications reported a 30% fall in net profit at Rs 382 crore for the first quarter ended June. Revenue from operations, however, jumped 11% to Rs 4,771 crore.

​And as a country, as we progress from about $2800 per capita to about $5000 over the next six-year journey, I think finance itself is going to be a big part of Indian consumer spend.

Goldman Sachs rose 0.97% after reporting a 3-year low in profit but CEO David Solomon made upbeat comments about signs of a recovery in investment banking. That echoed comments from other big banks on Tuesday.

In January, SBI had issued infrastructure bonds with a 15-year maturity, marking the first time that an Indian bank had sold such bonds in that maturity bracket.