'Wipro's challenge is not lack of ideas. In fact, some of its recent structural moves are arguably bolder than peers.' 'The problem is proving it can operationalise these bets faster and more consistently.'
Biocon is actively seeking in-licensing opportunities to expand its biosimilars portfolio, focusing on products that complement existing therapy areas, as the company shifts to a 'consolidate' phase with a strong emphasis on improving capacity utilisation, expanding margins, and driving return on capital employed.
Homegrown e-commerce giant Flipkart is experiencing a significant trend of senior leaders rejoining the company, driven by its people-first culture, opportunities for growth with ownership, and the chance to solve problems at an India scale.
The protestors protest against interim President and Prime Minister Ranil Wickremesinghe demanding his resignation at the compound of the Presidential Secretariat in Colombo, Sri Lanka.
Outside parliament, Sri Lankans continued their protests against their newly elected president, who they charge with being close to the Rajapaksa political dynasty.
Sri Lankan troops raided the anti-government protest camp established outside the presidential secretariat in Colombo in the early morning hours of Friday, July 22, breaking down tents and forcibly removing activists.
The protests seem unlikely to end until the people's anger and grievances with the leaders who have brought Sri Lanka to economic ruin are redressed.
Abhishek Chinnappa/Getty Images captures glimpses from Jallikattu this year
Abhishek Chinnappa/Getty Images captures glimpses of the dress rehearsal in Bengaluru, January 24, 2023, for the parade to celebrate Republic Day.
Biocon Limited has launched its GLP-1 peptide, liraglutide, for the treatment of diabetes and obesity in the Netherlands, as the biopharmaceutical firm positions itself as a global player in the fast-growing diabetes and obesity market currently dominated by the likes of Novo Nordisk and Eli Lilly.
Sri Lankans celebrated Gotabaya Rajapaksa's resignation as president, but they will understandably be concerned about the outcome of Wednesday's presidential election.
The Enforcement Directorate (ED) is learnt to have offered the option of closing a FEMA violation case against e-commerce major Flipkart if the Walmart group firm admits its mistake and pays a penalty, sources aware of the development said.
This is the first time in 44 years that Sri Lanka's parliament has directly elected a president.
Rahul Gandhi traveled to Kolar on Sunday, April 16, 2023, the first time he visited Karnataka, which goes to the polls on May 10, after being disqualified as an MP.
Flipkart has received a lending licence from the Reserve Bank of India (RBI), the Walmart-backed ecommerce company confirmed on Thursday. The nod came in March this year, according to sources.
Sri Lankans queued up to apply for fresh passports outside the department of immigration and emigration office in Colombo.
Glimpses from the Theyyam festival in Somwarpet, Karnataka.
Before he fled his home, fled his country and resigned as president, Gotabaya Rajapaksa had ordered officials to ensure the smooth distribution of cooking gas after the fuel-starved country received 3,700 metric tonnes of LP gas, his office told PTI on Sunday, July 10.
IPOs have been the flavour of the season for some time. But the coming together of three mega IPOs, from diverse businesses and historic relevance, could tell a story that's still in the making, points out Nivedita Mookerji.
Glimpses from the FutureFantastic technology and art festival in Bengaluru that explored the intersections of art, technology and climate change.
Bengaluru-based IT major Infosys is growing its footprint in the Nordics by establishing a new proximity centre in Oslo, Norway, as part of its continued expansion plans in the region. The new centre is expected to enable Infosys to attract, re-skill, and upskill local talent to work on global opportunities through next-gen technologies like cloud, AI, IoT, 5G, and software engineering. The Nordic region consists of five sovereign states - Denmark, Finland, Iceland, Norway, and Sweden - besides the three autonomous territories connected to these states: the Faroe Islands and Greenland (Denmark), and land (Finland).
The performance of Hindustan Aeronautics Limited (HAL) for 2024-25 (FY25) was driven by improved margins and lower provisions. The order book as of March was of Rs 1.8 trillion, with inflows of Rs 1 trillion during FY25.
IT services firm Wipro's revenue is likely to increase by about 4.5 per cent in FY26, mainly driven by favourable sectoral trends and recovery in discretionary customer spending, according to global rating agency Fitch.
'A fragile Sri Lanka will have a serious impact on the security of India.'
Infosys CEO Salil Parekh has indicated that offers given to freshers will be honoured by the company and followed with joining, although there has been some change in dates. The comments of Infosys top honcho assumes significance amid reports that the company has delayed onboarding of 2,000 fresh engineering graduates from 2022-batch.
They just wanted their angst noticed, and as a symbol of recognition, Jallikattu, restored without the annual ritual of court cases and adjournments, explains N Sathya Moorthy.
IT services major Infosys on Monday said it has bought back over 5.58 crore equity shares as part of its about Rs 9,200 crore buyback offer. The shares were bought back at a volume weighted average price of Rs 1,648.53 per equity share, according to a public notice. "The company bought back a total of 5,58,07,337 equity shares (1.31 per cent of the pre-buyback paid-up equity share capital of the company) and the total amount utilised towards the buyback is Rs 9199,99,99,599.80 (excluding transaction costs)," it said.
On July 9, protesters occupied President Gotabaya Rajapaksa's presidential palace and Prime Minister Ranil Wickremesinghe's private house. The Prime Minister's Office was overrun on Wednesday.
IT company Wipro on Friday posted an 11.74 per cent decline in its consolidated net profit to Rs 2,694.2 crore in the third quarter ended December 31, 2023.
Infosys COO U B Pravin Rao has been named as the interim-MD and CEO of the firm.
Women as officers in combat and other support roles are a reality. We better accept this and prepare ourselves to employ women in deserved roles across the organisation, says Air Marshal P V Athawale, PVSM, AVSM, VSM (retd).
Infosys Senior Vice President Sanjay Rajagopalan has resigned from his post, a month after Vishal Sikka stepped down as the company's MD and CEO.
'This is a historical moment in the political history of Sri Lanka.' 'You can see the amount of pressure that is coming from the people because nobody addressed the policy blunders, multiple corruption charges and huge scandals.'
At a time when Flipkart has entered the quick-commerce race with a service called "Minutes", executives at rival players said they are in a wait-and-watch mode. They said they would be concerned only once the e-commerce firm is able to succeed in this space. The Walmart-owned firm's quick-commerce service has gone live in some parts of Bengaluru, putting it in competition with firms such as Zepto, Swiggy's Instamart, and Zomato's Blinkit.
IT major Wipro on Friday posted a 4.6 per cent year-on-year rise in its consolidated net profit for the June quarter at Rs 3,003.2 crore. The Q1 FY25 revenue of the Bengaluru-headquartered firm, however, fell 3.8 per cent to Rs 21,963.8 crore.
IT services company Wipro on Thursday reported a 12 per cent rise in its consolidated net profit to about Rs 2,870 crore for the June 2023 quarter. It had posted a consolidated net profit of Rs 2,563.6 crore in the year-ago period (Q1FY23). Wipro's income from operations in the June quarter increased 6 per cent to Rs 22,831 crore.
According to the capital allocation policy approved by the shareholders in April last year, Infosys plans to give back around Rs 10,400 crore to shareholders by the end of this financial year.
IT company Wipro on Wednesday reported almost flat growth in consolidated net profit at Rs 2,667.3 crore for the September 2023 quarter and projected a 3.5 per cent fall in revenue in the current quarter on a weak global economic outlook. The company had posted a profit after tax of Rs 2,649.1 crore a year ago. Its lower IT services growth estimate for the December 2023 quarter by 3.5-1.5 per cent is in the range of $2,617-2,672 million in constant currency terms or about Rs 21,642.59 -- Rs 22,097.44 crore.
IT services major Wipro is reconsidering a proposal of buy back of equity shares, said the company in a regulatory filing. A final decision on this will be taken during the board meeting to be held on April 26-27. The outcome of the board meeting will be communicated to the stock exchanges soon after conclusion on April 27.
Indian IT services company Infosys on Thursday said all its employees in Israel are safe. Amid escalating tensions in the Middle East, Infosys CEO and MD Salil Parekh said its employees in Israel are primarily locals but declined to comment on the exact staff strength there. The company further said it is "saddened" by the situation unfolding in the region.
