HCL Tech posts net profit of ₹3,154 crore in Q4
IT major says it activated business continuity plans in end-January; 96% of employees working from home.
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Infosys Q3 profit up 23.7%
The Bengaluru-based IT major has increased its FY20 revenue forecast to 10%-10.5%; company’s board says whistleblower complaints against CEO and CFO “are substantially without merit.”
Wipro Q1 profit falls 3.9% Q-o-Q
The Bengaluru-based IT firm added three customers in the over $100 million bucket during the June quarter.
M&M’s Q4 net profit falls 20% on weak rural demand
NBFC crisis also takes toll; standalone revenue for the quarter rises 6%
‘Domestic air traffic growth to bounce back to 10-12%’
Even as domestic traffic growth is on the rebound, India’s largest airline IndiGo reported profit growth of 401.2% in Q4 of FY19.
Analysts raise red flag on falling margins
Reports from various equity research and ratings agencies said margins were under pressure due to rising costs.
Tata Motors posts ₹27,000 crore loss in Q3
The automobile major posted its third straight quarterly loss in the October-December period.
Axis Bank net profit rises 83% in Q2
The bank’s fresh NPAs or slippages took a sharp drop, falling 69% year on year to Rs 2,777 crore from Rs 8,936 crore last year.
JLR’s poor show hits Tata Motors’ profits
The automaker posted a loss of ₹1,009.49 crore on the back of poor performance of its British subsidiary, Jaguar Land Rover.
ICICI Bank Q2: Silver lining in the fine print
The private sector lender saw profit fall nearly 55.8% to Rs 909 crore, but the asset quality picture serves as a redeeming factor.
