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.
Information technology major Infosys and Liberty Global, a London-based telecom firm, signed a 1.5 billion (about $1.64 billion) deal for five years to evolve and scale up the telco's digital entertainment and connectivity platforms, the companies said in a joint statement on Tuesday. As part of the expanded collaboration agreement, the size of the contract will touch 2.3 billion (about $2.5 billion) if extended to 8 years. The collaboration allows Liberty Global to realise run-rate savings of over 100 million (about $109 million) per annum, inclusive of other savings and technology investments, Infosys said in a statement.
Stock broker Ketan Parekh sentenced to one year jail term in the 1992 Canfina scam. Earlier, on November 12, 2007, the Securities and Exchange Board of India had barred Ketan Parekh and his associates, who were instrumental in the stock scam of 1999-2001, from accessing the stock market for another ten years.
IT services firm Infosys on Thursday reported an 11 per cent rise in consolidated net profit in June quarter at Rs 5,945 crore, but lowered full year growth outlook to 1-3.5 per cent amid macro uncertainties. The net profit (before minority interest) during the same period previous year stood at Rs 5,362 crore.
The tax department has slapped a whopping demand of Rs 1,385 crore on Big Bull Ketan Parekh and his group entities.
The country's six largest smallcap schemes would require more than 20 days to liquidate half of their holdings, despite most of them maintaining high cash levels and having considerable exposure to more liquid largecap stocks, stress tests conducted by fund houses reveal. For midcap funds, the time required to sell half of the assets of the top six schemes varies between seven and 34 days, according to disclosures made by asset management companies. The Securities and Exchange Board of India (Sebi) had called for such tests in the face of strong inflows into smallcap and midcap funds, despite concerns over high valuations, to keep investors better informed.
In our special series re-visiting great Hindi film classics, we look back at Dev Anand and Asha Parekh's Jab Pyar Kisise Hota Hai (1961).
Regulator finds broker trading through conduits; 26 entities barred from market.
'She has lived through a lot,' close friend Asha Parekh revealed to Subhash K Jha.
In a letter to CM Shinde and chief secretary Manukumar Srivastava on March 9, Gadkari also criticised Joshi, an IAS officer, for allegedly stalling admission to nearly 1,100 seats linked to courses offered by the College of Physicians and Surgeons-affiliated.
A look at the star arrivals.
About half of the students, who have been affected by the war, have taken admission to universities in other countries.
In his second year at the helm, Infosys CEO & MD Salil Parekh looks optimistic about the company's growth prospects. With stability back in the industry, Parekh, in an interview with Bibhu Ranjan Mishra and Debasis Mohapatra, says turbulence is over and Infosys is on its way to regaining its old glory.
If you don't want to lose business to China or Vietnam, rents have to stay in check.
After coming out of jail, Noronha would frequently say that he wouldn't "spare" Ghosalkar.
Mukherjee presented the Union Budget in the Parliament on Friday.
With Infosys emerging out of an uncertain phase, the new management, led by CEO & MD Salil Parekh, is trying to catch up with market leaders, with the new strategy in place.
Jaya Bachchan has been a Dharmendra fan ever since she can remember.
Buy from an established agent rather than a novice who may not be around when you need his assistance.
The Supreme Court on Monday issued notices to stockbroker Ketan Parekh, Central Bureau of Investigation and the Gujarat government on a petition filed by Madhavpura Mercantile Co-operative Bank.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
In a significant step towards greater availability of long-term finance for the infrastructure sector, Finance Minister P Chidambaram
'The girl who helps me at home has had a tough life, yet her perspective of life is so much more positive than mine despite the hardships she's endured.'
Sukanya Verma recaps all those events from 25 years ago.
Principal district and sessions judge P C Joshi said he will pass order on the bail plea of the ninth accused, Devang Parmar, on Thursday.
From the Sensex pack, State Bank of India, HDFC, Axis Bank, HDFC Bank, Bharti Airtel, Kotak Mahindra Bank, ICICI Bank, Tata Motors, NTPC and Bajaj Finserv were the major gainers.
The stock of Godrej Consumer Products Limited (GCPL) fell about 3.7 per cent in trade after its Q3FY24 earnings disappointed brokerages and led to downgrades. Further, the stock, after a 15 per cent run-up over the past month prior to Monday's correction, had already factored in the upside from the business front. Its peer in the consumer space, Marico, too, saw a 4 per cent drop in its stock price.
Kamal Haasan's unrivalled make up skills, Jack Nicholson's haunting imagery, Asha Parekh's life as a Hit Girl and the surprise package of Beauty and the Beast, it's all there in Sukanya Verma's super filmi week.
One of the biggest defaulters of Ahmedabad-based Madhavpura Mercantile Co-operative Bank, stock broker Ketan Vinaychandra Parekh has settled his dues with the bank by paying Rs 26 crore a fortnight ago, revealed informed sources. The so called 'big-bull' of the stock market has paid a whopping Rs 396 crore in less than two years to MMCB.
Bengaluru-based Infosys has announced that 80 per cent of the variable pay will be distributed to eligible employees for the quarter ending June 30, according to media reports. This amount will be included with the August month's salary. In contrast, Infosys had paid out 60 per cent of the variable pay in the fourth quarter of financial year FY23.
Producer Madhu Mantena got married to yoga guru and Rediff.com Contributor Ira Trivedi on June 11 in Mumbai, and threw a star-studded reception to celebrate with their friends.
Meet the winners of the Filmfare OTT Awards 2023.
'You don't want to see the film, don't see it. I want to see the film. Why are you stopping me?' asks Dadasaheb Phalke Award winner Asha Parekh.
HTP founded the Housing Development and Finance Corporation (HDFC), back in 1977, and for the first time made it possible for salary-earning, middle-class Indians to become home owners long before retirement.
Maharashtra Chief Minister Eknath Shinde was among those who mourned her loss, and visited her home.
The general elections in April/May 2024 are expected to add volatility to the Indian markets, keeping investors on their toes.
'Der aaye durust aaye, better late than never.'
Merry Christmas has a breathtaking climax that will have you sighing like you've never sighed in a Sriram Raghavan movie before, applauds Sukanya Verma.
The 68th National Film Awards saw actors from across India get together for the prestigious ceremony in New Delhi.
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