Infosys, India’s second-largest software exporter by revenue, raised its FY25 revenue guidance to 3-4% in constant currency terms, exceeding analysts’ expectations who had expected it to maintain guidance at 1-3% which reflects better IT expenditure by clients. Q1FY25 Performance For the first quarter of FY25, Infosys reported a 7.1% y-o-y increase in net profit, reaching …
Reliance Industries Limited (RIL) is set to announce its Q1FY25 results, and market analysts predict a mixed performance. Despite expected annual revenue growth, sequential declines in operating profit and margins are anticipated due to lower refining margins and a slowdown in the retail business. Analyst Predictions on Segment Performance Oil-to-Chemicals (O2C): The O2C segment is …
Wipro is set to announce its Q1FY25 earnings today, amidst varied expectations from analysts. Some foresee a slight decline due to macroeconomic challenges and sectoral softness, while others anticipate modest growth driven by new deals and operational efficiencies. Profit & Revenue Projections According to approximately nine estimates, Wipro’s consolidated net profit for the quarter ended …
The Indian markets have experienced a sharp downturn following Finance Minister Nirmala Sitharaman’s announcement of significant tax changes. The long-term capital gains (LTCG) tax has been increased to 12.5%, and to broaden the tax base, the Securities Transaction Tax (STT) on Futures and Options (F&O) has also been raised. Additionally, the short-term capital gains (STCG) …
Lemon Tree Hotels identified a significant opportunity in the early 2000s, when 80% of the hotel supply in India was concentrated in the upscale/luxury segment, catering solely to the affluent clientele. Recognizing the substantial untapped demand in the midscale and economy segments, Lemon Tree Hotels positioned itself as a trailblazer in the branded mid-market hotel …
On March 14, 2022, in Mumbai, Reliance New Energy Limited (“Reliance”), a wholly-owned subsidiary of Reliance Industries , signed definitive agreements to acquire substantially all of the assets of Lithium Werks BV (“Lithium Werks”) for a total transaction value of $61 million, including funding for future growth. The assets include the entire patent portfolio of …
Suzlon Energy is No. 1 in India’s renewable sector, offering a 360-degree total solutions package to its customers that covers the entire spectrum of wind energy projects. With a track record of over 20 years, Suzlon has successfully provided turnkey solutions, lifelong support, and exceptional products to customers globally, leading to the creation of substantial …
About Partnership Paytm, India’s leading payments and financial services company has entered into a strategic partnership with Axis Bank to offer advanced POS solutions and EDC devices to a wider merchant base. This collaboration aims to transform the merchant acquiring landscape by providing innovative tools to optimize business operations and enhance customer experience. Paytm’s EDC …
In the world of business, consistent growth is a key indicator of a company’s resilience and potential. Today, we spotlight five companies that have demonstrated impressive growth over the past three quarters. These companies, spanning various industries, have shown their ability to adapt, innovate, and lead in their respective fields. Five companies with profit growth …
Expanding into the North American Market Rushil Decor Ltd., a leading manufacturer of eco-friendly MDF, laminates, PVC, and WPC, is expanding its presence into the North American market. This strategic move marks a significant milestone in the company’s global growth strategy, aiming to capitalize on one of the world’s largest markets for laminates and MDF. …
