The impact of the banking crisis in the US was visible in IT bellwether Tata Consultancy Services' (TCS) weak performance in the March quarter of fiscal 2023 (Q4FY23). The firm witnessed slower revenue growth in Q4FY23 and failed to meet its FY23 exit Ebit margin of 25 per cent as some clients, especially in the North American region, took to pausing projects and rising onsite costs offset utilisation gains. Sequentially, the company's revenue grew by just 0.6 per cent on a constant currency basis, which was one of the slowest paces in over 11 quarters.
Prime Minister Narendra Modi arrived in Berlin on Monday on the first leg of his three-nation Europe trip during which he will hold detailed bilateral discussions with German Chancellor Olaf Scholz and co-chair the India-Germany inter-governmental consultations.
Forest and tribal rights activist Alok Shukla will on Friday receive the prestigious Goldman Environmental Prize -- 2024 for successfully leading a community campaign that saved 4.45 lakh acres of biodiversity-rich forests from 21 planned coal mines in Chhattisgarh.
IT services major Wipro on Wednesday posted an about 21 per cent increase in consolidated net profit at Rs 2,968 crore for the December 2020 quarter. The net profit attributable to shareholders in the year-ago period was at Rs 2,455.9 crore, according to a regulatory filing by Wipro. Its revenue from operations grew nearly 1.3 per cent to Rs 15,670 crore from Rs 15,470.5 crore in the quarter ended December 2019. Wipro, which gets a bulk of its topline from IT services, said it expects revenues from that business to be in the range of $2,102 million to $2,143 million in the March 2021 quarter.
Infosys had guided for a revenue growth in the range of 11.5-13.5%, which has now been lowered to 10-12%.
Giving out sports quota jobs to youth and junior athletes not a good idea: Tejaswin Shankar
Wipro hires former TCS veteran as Group Prez & COO.
Barcelona's bid for a fourth straight La Liga title is foundering due to their erratic away form but Tuesday's 3-1 Champions League victory at Bayer Leverkusen suggests they are unlikely to suffer the same problem in Europe.
Argentina's Di Maria to quit internationals after Copa America
Russian athletes have been banned from many sports and largely cannot compete in Europe due to the sanctions and competition complications caused by Russia's invasion of Ukraine that began on February 24, 2022.
The enduring legacy of trade routes lies in shared stories and religious diversity. Can the India-Middle East-Europe Economic corridor harness this legacy to empower nations, asks Arundhuti Dasgupta.
Qatar returns to the spotlight on Friday little more than a year after the first World Cup held in the Arab world when the relocated and delayed 2023 Asian Cup gets underway amid a seismic shift in football's global order.
The 20-times Grand Slam champion is putting various items under the hammer in two sales in June and July at Christie's to raise money for his foundation.
A fracture of interstate relations could be India's biggest risk coming out of the pandemic. This topped a list of critical risks for India over the next two years, according to Geneva-based World Economic Forum's Executive Opinion Survey (EOS), whose results were released on Tuesday. Other top risks include a debt crisis in large economies, widespread youth disillusionment, failure of technology governance and digital inequality.
Here are some of the controversies, which cast a shadow on Indian sport as the athletes prepared for the Asian Games.
The age-old malady of inconsistency remained unaddressed but Indian hockey did take baby steps towards global success in 2017, a year which reaffirmed the nation's continental supremacy in the sport.
With the economy gaining pace and large deals back on the table, chief executive officers (CEOs) of tech companies believe global tech spending will witness growth this year. According to CEO Survey by Nasscom, about 71 per cent chief executives expect global spend to grow over 4 per cent. The figure is significantly higher than the previous two years - 41 per cent and 59 per cent in 2019 and 2020, respectively. The survey also said the recovery in global tech spending will be led by the digital segment.
Rajeev Mehta says the slow beginning in North America was primarily on account of some health care clients, evaluating the impact of the Affordable Care Act before deciding on their technology spending.
Only a leader with sufficient moral authority with voters can pull off such experiments, notes T N Ninan.
India's historical focus on its continental borders has overshadowed its maritime ambitions, but that is changing quickly, notes Ajai Shukla.
The Asian Games normally serves as the Olympic qualifiers but there was some confusion after the Hangzhou Asian Games were postponed from last year to this year due to the COVID-19 situation in China.
China has 'violated the sovereignty' of not just the United States but of countries across five continents, Secretary of State Antony Blinken alleged Wednesday, days after US fighter jets shot down a Chinese surveillance balloon.
The European Higher Education Fair New Delhi 2008 (EHEF) will be held on November 13-14, 2008.
The company attributed the cut in guidance to the macroeconomic uncertainties.
The company expects around $40 million annualised revenue from the acquisition but declines to share financial details of the deal.
Pakistan head coach Muhammad Saqlain admitted that India are ahead of his side in terms of preparations.
One of the Islamic State terrorists behind the deadly Paris attacks had visited London and Birmingham earlier this year to meet people suspected of planning a terror attack in the United Kingdom, counter-terrorism officials have found.
Jeswin Aldrin, meanwhile, finished fifth after he hit the 7.69m mark at the 17th Iberoamerican Meeting in Huelva, Spain.
'India poised to be world's 3rd largest economy', says Jim O'Neill who is better known for coining the acronym BRIC.
There was an uptick in clients' spends in the digital segment.
Pope Francis transformed the lives of a dozen Syrian refugees on Saturday when he plucked three families from a crowded camp on the Greek island of Lesbos and took them back to Rome.
Blockchain's promise: Dramatically speeding up transactions, explains Ajit Balakrishnan.
Wipro has devised a strategy to beat larger rivals.
Revenues from IT services segment, which accounts for a significant portion of the company's topline, stood at $2.013 billion, remaining flat sequentially and up by 5.8 per cent year-on-year.
All the airline's guests will travel on Thursday to Amsterdam in 15 buses and will be accommodated there in hotels.
Britain's vote to leave the European Union means uncertainty for markets and companies as London initiates at least two years of negotiations with the EU.
This is a precautionary service intervention, and will be undertaken across the UK, rest of Europe and South Korea, the company said.
Prime Minister Narendra Modi will release cheetahs being brought from Namibia in Madhya Pradesh's Kuno National Park on Saturday morning, an official said on Friday.
Rajeev Mehta, chief executive officer for IT services, explains to Business Standard that the company was faced with some client-specific issues, which led to this.
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