BENGALURU: Tech Mahindra’s revenue grew by 1.3% year-on-year in constant currency in the Dec quarter. Its revenue rose by 1.2% sequentially. “We see an improved rate of deal wins in our key verticals and prioritised markets. This, coupled with consistent expansion in operating margins, despite cross-currency headwinds during the quarter, reaffirms that we are on track to achieve our long-term …
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BENGALURU: Wipro’s revenue dropped 0.7% year-on-year in constant currency in the Dec quarter, while it grew 0.1% sequentially, coming at the upper end of the guidance. It forecast a sequential revenue growth of -2% to 0% in constant currency in the Dec quarter. “2024 was marked by macro-economic challenges. 2025 looks more hopeful and resilient. Clients are cautiously optimistic, and …
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MUMBAI: The country is poised for an economic rebound, driven by a resurgence in domestic demand and strong agricultural prospects, and the time is ripe to take steps to rekindle demand and investment, RBI’s latest ‘state of the economy’ report said. The report has been released less than a fortnight before the Budget amid growing calls for the finance minister …
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BENGALURU: Gurugram-based food delivery startup Zomato has pumped in Rs 500 crore into its quick commerce business Blinkit, bringing the total investment to Rs 2,800 crore since it acquired the company in 2022. The latest infusion comes on the heels of Zomato raising Rs 8,500 crore through a qualified institutional placement in November, which it said would be to strengthen …
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NEW DELHI: The Union Cabinet has approved a Rs 11,440 crore revival plan for debt-laden Rashtriya Ispat Nigam (RINL), according to a statement released on Friday.The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved the revival plan for RINL for Rs 11,440 crore, it added. The infusion includes Rs 10,300 crore as equity capital …
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NEW DELHI: Finance minister Nirmala Sitharaman is set to introduce a bill for a new direct tax law in the budget session, which will focus on simplification of the provisions, doing away with the ones that are redundant and attempt to make the language more layman friendly.The committee tasked with the revision, is deciding if the new law to replace …
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MUMBAI: The country’s fifth biggest IT services firm Tech Mahindra on Friday reported a 93 per cent jump in December quarter net profit at Rs 983 crore, helped by a low-base in the year-ago period. The Mahindra group company’s performance was impacted in the year-ago period, and it had reported a net profit (after minority interest) of Rs 510 crore …
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NEW DELHI: Wipro‘s consolidated net profit for the December quarter stood at Rs 3,354 crore, up by 24.4 per cent from the corresponding quarter of the previous year. The IT major’s operational revenue increased modestly by 0.5 per cent growth, reaching Rs 22,319 crore.The company projected the revenue from the IT services in the range of $2,602 million and $2,655 …
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Union Budget 2025: We propose the government to consider increasing capex in FY26 by 15 percent over 2024-25, says FICCI. (AI image) Budget 2025 expectations: Finance Minister Nirmala Sitharaman’s Union Budget 2025 should focus on maintaining a thrust on investments and implementing next generation reforms, according to FICCI. In its list of pre-Budget 2025 recommendations for FM Nirmala Sitharaman, FICCI …
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Despite Trump’s complaints about India’s trade barriers, Garcetti said he expects the US and India to continue to draw closer. There’s “no question” India needs to cut its high tariffs in order to compete with more business-friendly rivals in Southeast Asia if it wants to win from Donald Trump’s looming trade war with China, the outgoing US ambassador to India …
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