HCL Technologies (HCLTech), one of India’s leading IT firms, reported a modest 7% average salary hike for its employees, while its CEO, C Vijayakumar, received a staggering 190% increase in remuneration for the fiscal year 2023-24. The company also posted robust Q3 FY25 financial results, including a 5.5 per cent rise in net profit to
IT major HCL Tech on Monday announced an interim dividend of Rs 18 per equity share of Rs. 2 each of the company for the Financial Year 2024-25. This, it added, included a dividend of Rs 6 per share to celebrate 25 years of the Company’s public listing. In a regulatory filing, HCL Tech said
Anand Mahindra, Rajiv Bajaj, and other industrialists have joined the debate sparked by L&T Chairman SN Subrahmanyan’s controversial remarks about a 90-hour work week. Larsen & Toubro (L&T) Chairman SN Subrahmanyan advocated for a 90-hour work week and suggested that employees should even give up Sundays, and work then instead. “How long can you stare
Brigade Enterprises on Monday announced that it has entered into a Memorandum of Understanding (MoU) with Technopark to develop a World Trade Center (WTC) and supporting infrastructure, including a business hotel at Thiruvananthapuram. The WTC will be developed in around 1.5 million sqft of area, spread across a cluster of towers and is poised to
Go to Live UpdatesHCL Tech Quarterly Earnings and Results Today Live Updates: With the fiscal third quarter earnings season already on and IT giant Tata Consultancy Services (TCS) having released its results on January 9, HCL Tech is all set to announce its Q3 numbers today (January 13). HCL Tech had, in a regulatory filing
Blinkit’s foray into 10-minute ambulance services has drawn both applause and scepticism. Known for revolutionising quick commerce with ultra-fast grocery delivery, the Zomato-owned platform now aims to address one of the most critical healthcare gaps. But past such ventures show this is a high-stakes venture fraught with challenges. The ambulance tech sector has seen its
Despite missing Street estimates on revenue and net profit, the analyst commentary on TCS’s performance has been positive on the back of early signs of revival of discretionary spending and the firm’s robust order book. Samir Seksaria, chief financial officer of TCS, in an interview with Urvi Malvania and Ayanti Bera, talked about operational efficiencies, emerging
A couple of years back Ferns & Petals’ (FNP) bottom line was wilting. Ambitious plans to scale up the business had gone awry. But CEO Pawan Gadia, who rues having blown up precious capital on advertising that didn’t really make any impact, says he has learnt from his mistakes. Now, the company is re-booting the
Tata Electronics on Friday said it has acquired a 60% stake in Pegatron Technology India, which manufactures Apple products at its plant near Chennai. Tata Electronics had earlier acquired the operations of Wistron India, also an Apple contract manufacturer, in March 2024. The two acquisitions will help Tata to strengthen its foray into electronics manufacturing.
Godrej Consumer Products (GCPL) reported a 14.2% year-on-year (y-o-y) decline in consolidated net profit for the December quarter, missing analysts’ estimates. The fast-moving consumer good company posted a net profit of Rs 498 crore for the third quarter of FY25 (Q3FY25), falling short of the Rs 525 crore consensus estimate from Bloomberg. The company had
As competition intensifies in the quick commerce sector, marketing spends by leading players are expected to rise by 30-40% in 2025, reaching Rs 2,000 crore, according to industry experts. The rise in spending will primarily target digital marketing in tier-1 cities, utilising social media campaigns, hyperlocal targeting, WhatsApp promotions, and personalised notifications. In smaller cities
The Securities and Exchange Board of India (SEBI) has mandated that mutual funds disclose risk-adjusted returns (RAR), specifically through the Information Ratio (IR), to enhance transparency and assist investors in making informed decisions. While compounded annual growth rate (CAGR) is a widely used measure to show the average growth rate of a fund, it does
India’s public procurement platform Government e Marketplace (GeM) has facilitated transactions of Rs 4 lakh crore till January. As on 23rd January, 2025, GeM has clocked a gross merchandise value of Rs 4.09 Lakh Crore, which marks a growth of nearly 50% over the corresponding period last FY, a statement said. Also ReadAmul reduces milk
