Bengaluru, – Tech Mahindra, India’s fifth-largest software company, reported fourth-quarter revenue below analysts’ estimates on Thursday due to weakness in its communications and media segment as macro headwinds weighed on overall demand. UPDATE 2-India’s Tech Mahindra misses Q4 revenue view on weak communications segment Consolidated revenue fell 6.2% year-on-year toContinue Reading
New Delhi, Motilal Oswal Asset Management Company said it has elevated Prateek Agrawal as the Managing Director and Chief Executive Officer as part of leadership changes to drive its growth strategy. Motilal Oswal AMC announces leadership changes; elevates Prateek Agrawal as MD, CEO The change will be effective from AprilContinue Reading
NEW DELHI: Around 196 fossil fuel and chemical industry lobbyists have registered for the United Nations negotiations on the first global treaty to curb plastic pollution in Ottawa, according to an analysis by the Centre for International Environmental Law (CIEL), a nonprofit law group. Activist Dianne Peterson places a signContinue Reading
IndiGo, the country’s largest airline, on Thursday placed order of 30 wide-body A350-900 planes as part of its expansion into international markets. IndiGo orders 30 A350-900 wide-body planes for international expansion. (REUTERS) “IndiGo agreed to place an order for 30 Firm A350-900 aircraft, which will enable IndiGo to spread itsContinue Reading
Mumbai, Aditya Birla Group chairman Kumar Mangalam Birla on Thursday said the ₹18,000-crore fundraise by Vodafone Idea is a “fresh lease of life” for the company and asserted that the telco will stage a smart comeback. Fundraise of ₹18,000 cr fresh lease of life for Vi; firm to make smartContinue Reading
By Anton Bridge UPDATE 2-Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover TOKYO, – Daiwa Securities Group , Japan’s second largest brokerage and investment bank, reported on Thursday a 131% year-on-year jump in quarterly net profit, helped by a record strong results in its asset management, wholesaleContinue Reading
ZURICH, – The Swiss National Bank posted on Thursday a record quarterly profit of 58.8 billion Swiss francs for the first quarter, driven by the weakening franc and booming equity markets. UPDATE 2-Swiss National Bank posts record $64 bln profit in first quarter The result for the central bank comparedContinue Reading
‘Health food drinks’ of Hindustan Unilever have been re-named as functional nutritional drinks (FND) by the company after the Union Ministry of Commerce and Industry asked e-commerce websites to remove drinks and beverages from ‘heathy drinks’ category on their respective platforms. Ritesh Tiwari, chief financial officer of Hindustan Unilever, said,Continue Reading
India’s biggest IT services company, Tata Consultancy Services (TCS) had received a huge shot in the arm through the ₹15000 crore deal with state-owned telecom company Bharat Sanchar Nigam Ltd (BSNL). Now, according to a report by the Economic Times, further details about the massive project have been revealed. AccordingContinue Reading
New Delhi, Realty firm Macrotech Developers on Wednesday reported an 11 per cent decline in consolidated net profit to ₹665.5 crore in the March quarter. Macrotech Developers Q4 profit down 11 pc to ₹665.5 cr; FY24 profit jumps 3 times to ₹1,549.1 cr However, for the full fiscal year, theContinue Reading