Infosys Q3 profit rises 12%, firm raises revenue estimate
The Hindu
Quarter revenue climbs 23%, staff attrition higher at 26%
Infosys raised revenue growth estimates for the current fiscal to the 19.5-20% range on the back of a strong set of third quarter numbers, robust deal pipeline and a sound demand environment. This compares with the earlier projection of 16.5-17.5% revenue growth.
The tech major reported a 12% rise in net profit to ₹5,809 crore from a year earlier. Revenue rose 23% to ₹31,867 crore.
“[The] overall demand environment remains strong,” said Salil Parekh, CEO and MD. “Our deal pipeline is larger than anytime we have seen in the past. We expect healthy technology spend to continue with large enterprises progressing on digital transformations.”
Google co-founder Sergey Brin recommended that company employees working on Gemini come to the office every weekday.
Rupee gains against dollar on strong macroeconomic data, equity market recovery, and RBI's liquidity injection.
Equity indices open positive but turn negative amid heavy selling, foreign fund outflow; global markets mixed.
GTRI advises India to clarify WTO compliance on tariffs to U.S. amid challenges in negotiating Free Trade Agreement.
Niti Aayog member Arvind Virmani emphasizes the need for skill development to boost real wages in India.
Assam's small tea growers urge Tea Board for officers fluent in local languages to enhance communication and support.
Quiz | Easy like Sunday morning: All about frauds and fakers!
Can RBI’s proposal to waive foreclosure charges help micro and small industries? | Explained Premium
RBI proposes to waive foreclosure charges and prepayment penalties on loans for MSEs, aiming for easy financing.
India and EU aim to conclude a free trade agreement by year-end to boost bilateral trade and investments.
Tata Motors and Hyundai report decline, while Maruti Suzuki sees marginal growth; Mahindra, Toyota, and Kia show strong growth.
City Union Bank partners with Chennai Super Kings to launch co-branded credit card, offering exclusive perks for CSK fans.
NMDC reports 18% increase in iron ore production, aiming for 100 MT capacity by 2030 with ₹70,000 crore investment.
Ajay Seth appointed as Secretary of Department of Revenue following Tuhin Kanta Pandey's appointment as SEBI chairman.