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Mumbai: Tata Consultancy Services (TCS) reported a 12.2 percent year-on-year rise in consolidated net profit to Rs 13,718 crore in Q4 FY26, while revenue increased to Rs 70,698 crore. Sequentially, profit rose from Rs 13,438 crore in Q3 FY26, reflecting continued quarterly momentum. Revenue also improved from Rs 67,087 crore in Q3 and Rs 64,479 crore in Q4 FY25, indicating steady growth despite macroeconomic headwinds. Strong quarterly performance TCS posted steady growth in Q4 FY26 with reven ...Read More >
New Delhi, Dec 17 (PTI) The domestic steel demand is estimated to grow by around 8 per cent in FY26, but softer steel prices will keep margins under pressure for producers, rating agency ICRA said on Wednesday. In a report, Icra projected the industry's operating margin to remain flat at about 12.5 per cent in FY26, lower than earlier expectations of an improvement. "While we project steel demand growth to remain healthy at 8 per cent for FY26, incremental supply has created a temporary surplu ...Read More >
Bengaluru: Persistent Systems' revenue in the September quarter rose by 4.4% in constant currency and increased by 4.2% quarter-on-quarter in dollar terms to reach $406 million. Its revenue grew 17.6% year-on-year. Persistent's strong performance drove the share price up by nearly 6% on the BSE on Wednesday.Industry-wise, sales grew quarter-on-quarter by 7% in BFSI, 3.8% in healthcare, and 2.2% in tech and emerging verticals. The company's EBIT margin stood at 16.3%, up 80 basis points sequentia ...Read More >
India's second largest software exporter also narrowed its revenue estimates for the fiscal year by lifting the lower end of the growth guidance, to 2-3% from 1-3% in constant currency, which excludes the impact of currency movements. This is a further improvement from the previous quarter, when it tweaked the outlook from the earlier 0-3% growth. It retained the operating margin guidance of 20-22%. Infosys on Thursday beat analyst estimates with a 13.2% year-on-year and 6.4% sequential increas ...Read More >
Bengaluru (Karnataka) [India], October 16: Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered $5,076 million in Q2 revenues, year on year growth of 2.9 and sequential growth of 2.2 in constant currency. Operating margin was at 21.0. Free cash flow generation was strong at $1.1 billion, 131.1 of net profit. TCV of large deal wins was $3.1 billion, with net new of 67. Employee headcount increased by 8,203. Second consecutive ...Read More >
New Delhi: Following the announcements of layoffs by IT giants TCS and Accenture, the aviation industry has now faced a major setback. Germany's renowned airline group, Lufthansa, announced on Monday, 29 September 2025, that it will lay off 4,000 employees at the administrative level by 2030. This move, taken in the name of promoting digitalisation and automation, is worrying news for millions of employed people. Lufthansa has faced persistent cost pressures and labour disputes over the past fe ...Read More >
New Delhi, Aug 28 (SocialNews.XYZ) India's natural diamond polishing industry recorded 18 per cent surge in exports in July on year-on-year (YoY) basis as it had cranked up production to meet the anticipated festival demand in the US, a report said on Thursday. The industry is projected to see a 28-30 per cent decline in revenues, dropping to approximately $12.50 billion this fiscal year, down from $16 billion last fiscal year due to the impact of US tariffs, a report from credit ratings agency ...Read More >
New Delhi: Technology services and consulting company Wipro on Thursday announced financial results for the quarter ended June 30, 2025. The company reported gross revenue at Rs 221.3 billion (USD 2,581.6 million), a decrease of 1.6 per cent quarter-on-quarter and an increase of 0.8 per cent year-on-year. The IT services segment revenue was at USD 2,587.4 million, a decrease of 0.3 per cent QoQ and 1.5 per cent YoY. The IT services operating margin for the quarter was at 17.3 per cent, a contra ...Read More >
New Delhi, Jul 17 (PTI) The third season of the Oriental Cup, a school football tournament in the national capital, will be held from July 21-29, the organisers said on Thursday. Started by student-athlete Fareed Bakshi, the tournament will take place at the Ambedkar Stadium, bringing together 36 teams from schools across Delhi. Also Read | Which Team Ben Stokes Is Part of in The Hundred 2025? Here's the Franchise England Test Captain Will Play For in 100-Ball Competition. There will be 24 te ...Read More >
Bengaluru (Karnataka) [India], July 17 (ANI): Technology services and consulting company Wipro on Thursday announced financial results for the quarter ended June 30, 2025. The company reported gross revenue at Rs 221.3 billion (USD 2,581.6 million), a decrease of 1.6 per cent quarter-on-quarter and an increase of 0.8 per cent year-on-year. The IT services segment revenue was at USD 2,587.4 million, a decrease of 0.3 per cent QoQ and 1.5 per cent YoY. The IT services operating margin for the qu ...Read More >
New Delhi, Jul 14 (PTI) IT services firm HCL Technologies on Monday posted a 9.7 per cent drop in consolidated net profit for the June quarter, hurt by higher expenses and one-time impact of a client bankruptcy, but raised the lower end of revenue growth outlook for the full fiscal on booking expectations in coming quarters. The firm had logged a net profit (attributable to owners of the company) of Rs 4,257 crore in the year-ago period, according to a regulatory filing. HCLTech CEO and MD C V ...Read More >
Stocktwits - Wealth services and brokerage firm Anand Rathi Wealth (BO:ANAA) kicked off fiscal 26 with solid first-quarter earnings. After market hours on Thursday, the company reported a 27.4% increase in consolidated net profit to ₹93.91 crore, while revenue from operations surged 23.4% to ₹274 crore. The stock surged over 5% at open on Friday. It is among the top 5 most trending stocks on Stocktwits. From a technical perspective, Anand Rathi is showing strong bullish undertones on the chart ...Read More >
Mumbai: The Adani Group has emerged as the only bidder without conditions in the race to acquire Jaiprakash Associates, submitting a ₹12,600 crore offer under the ongoing insolvency process. The other bidders - Dalmia Bharat, Vedanta, Jindal Power and PNC Infratech-have tied their bids to the resolution of a critical land dispute involving the Gautam Buddh Nagar Sports City project, currently pending before the Supreme Court. Jaiprakash Associates has attracted five bids, with Dalmia Bharat lea ...Read More >
Mumbai: Net profit of Nifty 50 companies at the aggregate level is expected to increase 4.6% year-on-year while revenue may increase 4.5% for the June 2025 quarter. Net profit is likely to show single-digit year-on-year growth for the first time in at least nine quarters amid an anticipated poor performance by select companies, including Tata Motors, IndusInd Bank and Coal India. The sample's revenue is expected to grow in single digit for the fourth consecutive quarter reflecting persistent mu ...Read More >
Investing.com -- Analysts at RBC Capital Markets in a note dated Monday have provided updated ratings of five key players in the UK housebuilding sector as part of its 2025 UK Housebuilder preview. The analysts reflect on a broad spectrum of adjustments, market challenges, and changes in valuations for these companies: Crest Nicholson (LON:CRST), Gleeson (LON:GLEG), Barratt and Redrow (LON:RDW), Vistry (LON:VTYV), and Persimmon (LON:PSN). Crest Nicholson has been upgraded to "sector perform" f ...Read More >
LONDON - Thames Valley Housing Association (TVHA), operating as MTVH, has reported an increase in total revenue to $227 million for the six months ending on September 30, 2024, up from $209 million in the same period last year. This growth has been attributed to a 7.7% rise in government social rent and higher sales of new homes, with 147 units sold compared to 116 the previous year. Despite the revenue increase, MTVH experienced a decrease in operating surplus, down to $61 million from $75 mil ...Read More >
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