Top Business News Headlines for today, July 17, 2023

Today business News headlines

here are some of the top business news headlines for today, July 17, 2023:

  • Sensex, Nifty hit record highs as investors track Q1 earnings. The Nifty 50 index climbed as much as 0.24% to reach 19,612.15 at around 9:19 am, while the S&P BSE Sensex index gained 0.19% to stand at 66,189.50.
  • HDFC Bank Q1 profit surges 30% YoY to Rs 11,952 crore, beats estimates. The bank’s net interest income (NII) rose 21% to Rs 17,596 crore in the quarter.
  • LTIMindtree Q1 profit rises 4.1% to Rs 1,152 crore. The IT services company’s revenue grew 14% to Rs 3,356 crore in the quarter.
  • Bain Capital in advanced negotiations to buy Adani Capital for Rs 1,500 crore: Report. The deal would give Bain Capital a controlling stake in the financial services company.
  • Wipro, HCLTech Q1 FY24: Deferred salary hikes, cut backs on variable pay. The IT services companies have said that they will defer salary hikes and cut back on variable pay in the current quarter due to rising inflation and economic uncertainty.

Also Read: Today Business News Headlines, July 16, 2023

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