Traveling ,Gardening & Finance
Traveling ,Gardening & Finance
Infosys Ltd. has decided to narrow its annual revenue growth guidance after a more than 5% decline in the second quarter of the ongoing fiscal. Infosys CEO Salil Parekh. Infosys share price fell 0.08% to ₹1,472.75 apiece on the BSE before the quarterly results were announced. (Reuters) Consolidated revenue of India’s second largest IT services […]
Wipro Ltd. has raised its revenue growth guidance for the ongoing fiscal despite a decline in key financial metrics in the second quarter. Wipro CEO Srinivas Pallia during a news conference in Bengaluru. (Bloomberg) Consolidated revenue of India’s fourth largest IT services firm fell 2.5% from the previous three months to ₹22,697 crore in the […]
Nestle India Ltd. clocked record sales in the second quarter of the ongoing fiscal, on improving urban demand for its Maggi noodles to Nescafe coffee. Nestle India’s quarterly results came on a day when the Nescafe maker announced plans to cut 16,000 jobs globally over the next two years. (Reuters) Standalone net profit of the […]
Nestle SA plans to effect layoffs that will affect 16,000 jobs globally over the next two years, according to its new chief executive officer Philipp Navratil Nestle CEO Philipp Navratil said Nestle was increasing its savings target to 3 billion Swiss francs by the end of 2027. That needs layoffs. (AFP) “The world is changing, […]
India’s Russian oil imports could drop as refiners led by Indian Oil Corp. Ltd. wait for official guidance from New Delhi after US President Donald Trump said Prime Minister Narendra Modi had committed to stop taking the crude. Russian oil has accounted for roughly a third of India’s crude imports so far this year. (Reuters) […]
Ola Electric Mobility Ltd. has launched its first non-automotive product, at a time when its cell manufacturing plans have stalled and electric two-wheeler sales have nosedived. Ola Electric believes it can scale Ola Shakti BESS with “zero incremental capex and R&D spends”. (@bhash/x) Ola Shakti is a residential battery energy storage system powered by Ola’s […]
India’s stock market opened higher today, driven by gains in private banks after Axis Bank Ltd. reported its quarterly results on Wednesday. A man enters a branch of Axis Bank in New Delhi, India. (Reuters) At 10:03 am, the 30-share S&P BSE Sensex rose 0.52% to 83,031.83 points even as the wider NSE Nifty 50 […]
India’s exports to the US fell in the first full month since 50% US tariffs on Indian goods came into effect, underscoring the country’s reliance on its biggest export market. Imports increased. Nearly 55% of India’s exports to the US were affected by the tariffs. (Reuters) India’s US exports fell 11.93% year-on-year to $5.46 billion […]
After mixed quarterly earnings from Tata Consultancy Services Ltd. and HCL Technologies Ltd., the focus now shifts to Infosys Ltd. and Wipro Ltd. which are going to report their second-quarter results today. Infosys CEO Salil Parekh. (ANI) Investors will watch for signs of stability in an IT sector marred by US H-1B visa shock as […]
