The opposition INDIA alliance on Friday finalised a 13-member committee.
India's second largest IT services company Infosys on Thursday reported a 3.1 per cent year-on-year rise in net profit to Rs 6,215 crore for the September 2023 quarter. The earnings (before minority interest) of the Bengaluru-based company stood at Rs 6,026 crore in the year-ago period. The company - which competes in the IT services market with TCS, Wipro, HCL Technologies and others - saw its revenue rising 6.7 per cent to Rs 38,994 crore for the just-ended September quarter.
Kumar Sangakkara will continue to serve in the dual role of Rajasthan Royals' director of cricket and head coach,
Infosys was the only large-cap IT player to report sequential constant currency (cc) revenue growth for the June quarter (1 per cent ), which was ahead of analyst expectations, but the company's sharp downward revision in its growth guidance took most brokerages by surprise. In line with the cut in its FY24 revenue guidance (cc) to 1-3.5 per cent, brokerages have unanimously reduced FY24 EPS estimates for the company in the range of 2-4 per cent, though the Street is likely fearing even further downside, they say. Global brokerages Macquarie and Nomura downgraded Infosys to underperform and reduce ratings, respectively, with the latter cutting the target price to Rs 1210 from Rs 1260.
From the Sensex pack, Infosys tanked over 8 per cent after the company reported a lower-than-expected 11 per cent rise in net profit for the June quarter and delivered a shocker as it slashed its FY24 growth outlook to 1-3.5 per cent on delayed decision-making by clients amid global macro uncertainties. Hindustan Unilever, HCL Technologies, Wipro, and Tech Mahindra were the other major laggards. On the other hand, Larsen & Toubro rose the most by 3.88 per cent after it bagged an order of worth over Rs 7,000 crore from the bullet train project.
The Congress on Monday promised that a government led by it will conduct a nationwide caste census and implement 33 per cent reservation for women in the Lok Sabha and state legislative assemblies at the earliest, including adequate representation for women belonging to the OBC community.
The stock of LTIMindtree finished at Rs 5,001 a piece on Monday, which means it is down about 5 per cent from its all-time high as its June quarter results for the 2023-24 financial year (Q1FY24) missed estimates. A cautious note by the management, coupled with the fact that it will miss its double digit revenue growth target for FY24 weighed on the stock price. The company delivered revenues of just over a billion dollars in the quarter with constant currency growth of 0.1 per cent.
"It is the job of Parliament to legislate. We (government) had several rounds of discussion with him (Anna Hazare) and his team. We know their viewpoints. About nine rounds of meetings have already been held with them. Thereafter also, through interlocutors some discussions also took place with them," Mukherjee told media persons at his south Kolkata residence.
Qin, 57, was made the foreign minister in December last year, superseding many seniors, earning the distinction of a rising star in the ruling Communist Party of China.
UCO Bank, Bank of Maharashtra, Bank of India, Indian Overseas Bank, Indian Bank, and Central Bank of India don't have a non-executive chairman.
Talking about the 'Impact Player' rule, Chennai Super Kings skipper MS Dhoni said it was a luxury.
Nationalist Democratic Progressive Party's Hekhani Jakhalu and Salhoutuo Kruse created history on Thursday by becoming the first two women to be elected to the Nagaland assembly, officials said.
Observing that issues pertaining to the change of land use should be addressed on the administrative side, the Supreme Court on Thursday rejected the Supreme Court Bar Association's plea to allot an entire tract of land, which was allotted to the apex court, for conversion into a chamber block for lawyers.
The gauge for the performance of informational technology (IT) stocks soared nearly 5 per cent-most in nearly three years-as growth worries eased following a robust order book posted by bellwether Tata Consultancy Services (TCS). The Nifty IT index rose 4.5 per cent to close at 30,945. This was the biggest single-day gain since September 14, 2020. Industry titan TCS' shares rose 5 per cent to Rs 3,509.
The Goa government's decision has not gone down well with Opposition parties and industry bodies.
'This is not about revering women; this is about women entering politics.' 'This is about women having a say in how State policies have to be shaped.'
United World Wrestling (UWW), the world governing body for wrestling, has suspended the Wrestling Federation of India for not conducting its elections on time.
He said the people are looking for an alternative and the Congress' victories in Himachal Pradesh and Karnataka elections are clear proof of this.
The youngest in the CWC is 31-year-old Neeraj Kundan, who is an ex-officio member of the body as the president of the National Students Union of India, the students' wing of the party.
The first-quarter performance of top IT services players, as well as mid-cap firms, has been subdued, reflecting macro uncertainties. The numbers of the top four firms show several misses, hinting at difficult times ahead. One mismatch is the total contract value (TCV) signed by the firms and the revenue growth registered.
Disney Star India, bought at a valuation of $15 billion, could be on the block for roughly one-third that amount.
'The purported claim that Israel can defeat Hamas and everything 'would go back to normal' is completely absurd.'
'Four years ago, there were goalkeepers that could not deal with the ball just under the bar and now we've got a whole generation of very athletic goalkeepers, who don't let in that kind of ball.'
The results in Karnataka were declared on May 13 but the party has not finalised its chief ministerial face yet and the process of consultations is on.
It is for China to decide what role it plays at the G20 summit in New Delhi, a top US official has said, asserting that if Beijing wants to come in and be a "spoiler", that option is available to it.
The Aam Aadmi Party's national executive on Wednesday decided not to have Yogendra Yadav in the party's key Political Affairs Committee, days after he and Prashant Bhushan questioned the functioning of party chief Arvind Kejriwal.
Appearance through video conferencing, refraining from making comments on the physical appearance and educational background of government officials and reasonable time frame for compliance of judicial orders are some of the suggestions enumerated in the Standard Operating Procedure (SOP) the government has submitted to the Supreme Court for consideration.
After bumbling for years since 2014, the Modi government seems to believe that massive government expenditure will lead us to prosperity supported by 'seat-of-the-pants' decision-making, observes Debashis Basu.
While 39 members of the all-important panel are general members, it has 32 permanent invitees, including some in-charges of state and 13 special invitees.
Nationalist Congress Party chief Sharad Pawar has credited late Congress leader Vilasrao Deshmukh with having proper understanding and maturity to lead a coalition government in Maharashtra, and said he had doubts on the capability of Prithviraj Chavan under whose leadership the Congress-NCP alliance lost power to the BJP in 2014 after ruling for 15 years.
The high court heard a plea by Pannnerselvam's aides on Sunday against the election to the powerful general secretary post, scheduled to be held on March 26.
"Law is supposed to be a noble profession," the Supreme Court observed on Thursday, and voiced surprise over how can one of the convicts in the Bilkis Bano gang-rape case and murder of her family members during the 2002 Gujarat riots practise law after his conviction, the remission of his sentence notwithstanding.
After a meeting of the AAP's highest decision making body -- political affairs committee (PAC) -- at party national convenor and Delhi Chief Minister Arvind Kejriwal's residence in New Delhi, Chadha also welcomed the Congress' decision to oppose in Parliament the Centre's ordinance on the control of administrative services in Delhi.
BCCI could earn USD 1.15 billion in revenue share from the ICC during the next five-year cycle.
'There is not one discussion with a client without a discussion around AI. They all have it on their mind.'
Israel needs to come terms with the new reality that they are no longer invincible or the dominant power in the West Asian region, observes Ambassador M K Bhadrakumar.
Retirement fund body EPFO fixed 8.15 per cent rate of interest on employees' provident fund (EPF) deposits for 2022-23 at its meeting on Tuesday. In March 2022, EPFO had lowered the interest on EPF for 2021-22 to an over four-decade low of 8.1 per cent for its about five crore subscribers, from 8.5 per cent in 2020-21. This was the lowest since 1977-78, when the EPF interest rate stood at 8 per cent.
The Supreme Court has ordered the sacking of a trial court judge in Karnataka, holding that a judicial officer cannot pronounce the concluding portion of a judgment in the open court without the entire text of the judgment having been prepared or dictated.
Images from the English Premier League matches played over the weekend.
The retirement fund body EPFO is likely to announce the rate of interest on employees' provident fund (EPF) deposits for 2022-23 at its two-day meeting beginning Monday. EPFO had lowered the interest on EPF for 2021-22 to an over four-decade low of 8.1 per cent for its about five crore subscribers, from 8.5 per cent in 2020-21 in March 2022. This was the lowest since 1977-78, when the EPF interest rate stood at 8 per cent.
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