IT services major Tata Consultancy Services (TCS) has decided to defer employee salary hikes for 2025 which were earlier expected to start in April. The company cited the growing macroeconomic uncertainty intensified by the ongoing tariff war between the US and other countries for the decision. The IT major made the announcement during the company
IT services giant Infosys on Thursday announced that the company will release results for the fiscal fourth quarter and year ended March 31 on April 17, 2025. “Infosys, a global leader in next-generation digital services and consulting, will announce results for the fourth quarter and year ended March 31, 2025 on Thursday, April 17, 2025
Tata Consultancy Services (TCS), Accenture, and Infosys have secured the top three positions on LinkedIn’s 2025 Top Companies list for India, according to a report released by the professional networking platform. The annual list identifies 25 large companies that offer professionals strong career growth opportunities based on user activity on LinkedIn. Cognizant also made it
The government announced a Rs 50 hike in LPG prices and proposed Rs 2 excise duty increase on petrol and diesel, seeking to use this to compensate oil marketing companies (OMCs) for their Rs 41,338 crore losses in FY25. According to a report by CNBC TV18 which cited sources, state-run OMCs — Hindustan Petroleum Corporation
With the fiscal fourth quarter earnings season all set to kickstart this week, Nuvama Institutional Equities said that earnings weakness persisting during 9MFY25 is likely to streak through Q4FY25 as well. Summarising the key highlights, the brokerage elaborated, “i) Top-line growth for coverage (ex-OMCs) is likely to be subdued (~6 per cent YoY) for a
Smart metering business will help Adani Energy Solutions (AESL) boost its earnings before interest, depreciation and amortisation (Ebitda) said rating agencies and analysts tracking the company. With smart meters, the company can monitor and predict power consumption pattern over micro geographies and hence manage retail distribution better. AESL has a 17% market share in the segment
The global legal industry saw a seismic shift last week, with the partnerships at Herbert Smith Freehills, widely acknowledged as one of the world’s most elite law firms, and top US law firm Kramer Nevin Naftalis & Franklin voting to approve a historic merger. The new entity will have 2,700 lawyers and an estimated $2
The co-founders of Web Werks, Nikhil and Nishant Rathi, have exited the data centre firm by selling their entire stake to US-based Iron Mountain for Rs 1400 crore. The two will continue to retain ownership of their software development business, NeoSOFT, and will scale up their technology and digital services platform, NeoNXT, going forward. Iron
Public sector bank Union Bank of India on Friday announced waiving penalty charges for not maintaining the minimum balance amount in general savings accounts. The direction is effective from the quarter ending September 2025. “In alignment with the spirit of financial inclusion and customer-centric banking, Union Bank of India now waives charges for non-maintenance of
Bajaj Finserv on Thursday reported a 30 per cent year-on-year rise in consolidated net profit at Rs 2,789 crore for the first quarter of FY26, compared to Rs 2,138 crore in the same period last year. However, its lending arm Bajaj Finance has reported a decline in asset quality. Bajaj Finserv: Revenue rises 12.5 per
Indian equity markets closed on a lower note for the second consecutive session. The Nifty 50 closed the session over 200 points lower, just saving 24,800, and the Sensex ended the day more than 700 points or 0.88% points lower at 81,460. The Nifty Bank settled almost 530 points lower at 56,500. In line with
Federal Bank, in collaboration with fintech partners M2P and MinkasuPay, has introduced India’s first-ever biometric authentication solution for e-commerce card transactions, according to an official statement. With this solution, customers can now authenticate online purchases using just a touch or a look — their Fingerprint or Face ID. This solution not only enhances security but
FMCG major, Nestle India reported a 13.4 per cent fall in consolidated net profit for the June 2025 quarter at Rs 646.59 crore compared to Rs 746.6 crore in the same period last year. The drop was mainly due to higher commodity prices and increased operating costs, the company said in its regulatory filing. Here
