HCL Tech Q4 Results HCL Technologies Ltd announced a 226 percent increase in its consolidated PAT to Rs 3,593 crore on April 21, compared to Rs 1,102 crore in the previous quarter. The adjusted net profit for the same period last year was Rs 2,962 crore due to the effect of deferred tax credit and …
FMCG Major HUL (Hindustan Unilever Limited) has published its result for the quarter ending in March 2022. In its official report on 27 April 2022, the company has revealed that its after-tax profit has increased by 8.6%, standing at Rs. 2,327 crore. This figure was Rs. 2,143 crore a year before. Moreover, HUL’s revenue in this …
Axis Bank, the third largest private sector bank in the country, has recorded a substantial year-on-year increase in its earnings for Q422. According to the Axis Bank results for the final quarter of FY 21-22, the total income of the bank stood at Rs. 21,999.5 crores, which is a 15.57% rise over the corresponding income …
The years 2020 and 2021 have been unprecedented for the global economy. COVID impacted almost all countries, causing widespread disruption in the world supply chain and production. The Indian economy has shown resilience under the crisis and registered growth in several areas. However, FY23 has brought the investors to a crossroad. While the domestic economy …
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) forecasted a 7.2 percent GDP growth rate for the Financial Year 2022-23. According to RBI Governor Shaktikanta Das, the GDP growth projection for FY23 has been cut to 7.2 percent from 7.8 percent. GDP growth for 2022-23 is projected to be 16.2% in …
Mindtree is a mid-cap IT company located in Mumbai. It announced its consolidated Q4 earnings on 18 April 2022, showing a net profit of Rs. 473.1 crores for the quarter ending in March 2022. Going by this value, the company has taken a high jump from last year’s PAT in the same quarter, i.e., Rs. …
According to research issued on April 19 by consulting firm Zinnov and VC funding company Chiratae Ventures, the Indian SaaS market is expected to generate $100 billion in sales by 2026. According to the research, almost 90% of all SaaS unicorns were created in the previous four years, and there are presently over 1,150 active …
Thursday saw Nestle India announce that its net profit had shrunk by 1.25 percent when looking at its year-on-year earnings. This is evident from the fact that its YoY amounted to INR 602.25 crore in the March 2021 quarter which lies in sharp contrast to its 2022 YoY earnings that amounted to INR 594.71 crore …
On Friday, 25 March 2022, Asian shares geared up for a 2nd consecutive week of profits, although the market was choppy amidst displacements in Chinese economic policies, tight US monetary policies, and commodity market disturbances due to the Ukraine-Russia war. If you are looking for stock market news and updates on Asian markets and shares, …
The surging cost of housing, gas, and food has catapulted to 7.9% inflation in the past year. Since 1982, this has been the sharpest spike and forewarning of further rise of prices. But even before the Russia-Ukraine war accelerated the price hikes, in four decades, the inflation in the United States reached its highest levels. …
