Corporate News
Wipro's Net Profit Slides 11.7% to Rs 2,694 Crore in December Quarter
Specifically, the IT Services segment revenue for Wipro dropped by 4.5% year-over-year, totaling Rs 22,150.8 crore in the reported quarter, down from Rs 23,196 crore in the same period of 2022.
Q3 Ends with Reduced Profit: Infosys Records Rs 6,113 Crore
As of December 31, 2023, Infosys had a total headcount of 322,663, with 304,590 software professionals and 18,073 in sales and support roles. The attrition rate was reported at 12.9%.
TCS Reports Increased Q3 Profit, Announces Rs 27 Interim and Special Dividend
According to a regulatory filing, TCS closed the third quarter of FY24 with a revenue of Rs 60,583 crore, compared to Rs 58,229 crore in Q3FY23. The net profit for the quarter was Rs 11,097 crore, up from Rs 10,883 crore in the same quarter of the previous fiscal year.
HDFC Bank Takes the Lead in Market Capitalization Gains Among Major Indian Banks in Q4
Other prominent Indian banks also witnessed growth in their market capitalization during the same period. State Bank of India, the country's top bank by assets, recorded a 7.3% rise, reaching $68.84 billion, while ICICI Bank Ltd. saw a 4.9% increase, reaching $83.98 billion.
Ola Slashes Losses by Almost 50% in FY23, Achieves Impressive Revenue of Rs 2,800 Crores
One of the noteworthy achievements is the substantial reduction in losses by almost 50%, with Ola managing to cut down its losses to Rs 772 crore in FY23, a considerable improvement from Rs 1,522 crore in FY22.
Uber India's Fiscal Year 2023: Rs 679 Cr Ride Revenue, Losses Surge by 57%
Rides on the platform contributed to 25% of the total operating revenue, witnessing a substantial 75% increase to Rs 679 crore in FY23.
Milestone Achievement: Patanjali Foods Reaches New 52-Week High
Over the past year, Patanjali Foods has delivered a robust 43% return, with a 5.3% rise in the last month and a notable 34% increase in the last quarter.
OPPO India's CMO, Damyant Singh Khanoria, Steps Down
During his time at OPPO, Khanoria played a pivotal role in steering the brand's marketing strategies and contributed significantly to the brand's growth trajectory in India.
Fintech Giant MobiKwik Reapplies for IPO, Aiming to Raise Rs 700 Crore
This DRHP notably excludes any offer-for-sale (OFS) component, instead targeting a pre-IPO round to secure Rs 140 crore.
PhonePe Names Ritesh Pai as CEO of its Global Payments Business
Sameer Nigam, CEO and Founder of PhonePe, expressed delight at Ritesh's appointment, highlighting his early support and significant contribution to PhonePe's initial success with UPI.
Don't Miss
Advertisement