Go to Live UpdatesZomato, Paytm Q3 Results Live Updates: The fiscal third quarter earnings season is now in full swing with major IT services companies like Tata Consultancy Services (TCS), HCL Tech, Infosys, Tech Mahindra, Wipro, besides a few others like Reliance Industries Ltd, Axis Bank, among others, already having announced their Q3 numbers. The
– By Anirudh Shingal and Chinmay Joshi Technological advancements and the ICT revolution led to the unbundling of the manufacturing process, outsourcing of economic activities and the rise of global value chains (GVCs) in the 1990s. However, climate change, uneven development, the Covid-19 pandemic and geopolitical tensions have altered the narrative in favour of making
The fiscal third quarter earnings season is already in full swing with major IT services companies in the likes of Tata Consultancy Services (TCS), Infosys, HCL Tech, Tech Mahindra, Wipro, and a number of firms including oil-to-telecom-to-retail conglomerate Reliance Industries (RIL), Axis Bank, Shoppers Stop, LTIMindtree, and several others already having released their Q3 numbers.
India Inc will likely report subdued results for the December 2024 quarter, going by the numbers put out by the early birds. The first set of results indicates businesses are struggling to grow their top lines and that they are reining in expenses to be able to shore up their bottom lines. For a universe
LTIMindtree is optimistic about maintaining its strong growth trajectory in Q4 of FY25 and is confident that FY26 will surpass FY25 in performance, according to Debashis Chatterjee, the company’s CEO and managing director. “We achieved sequential revenue growth in Q1 and Q2, and this momentum continued in Q3. We are confident it will carry through
Industrial establishments, often large and complex, face pressing challenges across security, safety, and operations due to operational inefficiencies leading to significant financial losses. On average, three workers die and 11 are injured each day in Indian factories due to a lack of safety measures. With India aiming to become a global industrial hub, concrete efforts
ArcelorMittal Nippon Steel (AM/NS) India is looking to give a boost to its automotive steel business with the scheduled commissioning of two production lines dedicated to manufacturing advanced automotive steel products. The new lines – a Continuous Galvanising Line (CGL) and a Continuous Galvanising and Annealing Line (CGAL), are expected to be fully operational by
Aadhar Housing Finance is expected to grow its assets under management by 22% by the end the current fiscal, managing director and CEO Rishi Anand said in an email interaction. “This anticipated growth will be driven by our extensive operations and a strategic expansion plan that has added 545 new branches across 21 states and
Tax saving is one of the key factors when it comes to savings and investments for middle-class taxpayers and senior citizens. As regards senior citizens, they aim for financial security by investing their money primarily in non-market-linked products, which give them a sense of safety in times of volatile stock markets. Another key aspect of
ICICI Prudential Life Insurance Company’s share price slumped 10% to an intra-day low of Rs 572 despite reporting a 43% year-on-year jump in its net profit. The life insurance company reported a net profit of Rs 325 crore compared to Rs 227 crore in the same quarter a year ago. However, despite a stellar performance
The brokerage firm Kotak Institutional Equities has reaffirmed its ‘Buy’ rating on Karur Vysya Bank (KVB), citing the lender’s strong fundamentals and consistent financial performance as the key reasons for the positive outlook. According to them, the bank’s return on equity (RoE) of 17% and strong earnings growth have prompted the brokerage to increase its
Denta Water, a company specialising in the water treatment sector, has opened its IPO with a total size of Rs 220.50 crore today , January 22. As of the first day of bidding, the IPO made waves in the grey market, garnering the attention of many investors and analysts. Let’s take a look at the
Lenders frequently require certain loan applicants to provide loan guarantors. This condition is typically imposed when there are uncertainties regarding the repayment ability of the primary borrowers and co-borrowers. Additional circumstances that may prompt lenders to request loan guarantors include insufficient credit scores of the primary applicants, a precarious employment situation, loan amounts that surpass
