India sees $62 bn in PE funding in 2020
Consumer tech and IT/ITeS were the most-funded sectors last year, while investments in the BFSI space were down by 60%, says Bain & Company.
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The going may get tough for TCS
Tepid growth in revenue and a fall in operating profits indicate that conditions are getting difficult for the IT major despite a strong order book.
Strong deal wins mark TCS’ first quarter
Despite a fall in margins in the first quarter, India’s IT bellwether reported record deal wins worth $5.7 billion; expects the robust deal pipeline to continue in the coming quarters.
India saw VC, PE deals worth $26 billion in 2018
The outlook for private equity (PE) deals remains strong due to robust macroeconomic fundamentals and rising competition among PE funds.
Ravneet Gill appointed YES Bank MD and CEO
The current chief of Deutsche Bank in India will take charge at YES Bank on or before March 1, as the market cheers the end of uncertainty around the bank’s future leadership
TCS’s Q1 profit up 23.5% y-o-y
TCS recorded a net profit of Rs 7,340 crore during the June quarter compared to Rs 5,945 crore in the year-ago period.The software-services firm announced an interim dividend of Rs 4 per equity share.
