Tata Consultancy Services (TCS), the largest exporter of software services from India, today stated that its March quarter revenue increased by 16.9% year over year (YoY) to Rs 59,162 crore and that its profit increased by 14.76% YoY to Rs 11,392 crore. The top and bottom line numbers fell short of street projections. TCS Q4…
The largest gold lender in Kerala, Muthoot Finance, announced an interim dividend of 220% for the fiscal year (FY) 22–23 on Thursday at Rs 22 per share with a Rs 10 face value. The entire distribution of dividend The entire distribution for the interim dividend would be Rs 883.19 crore. The business went public in…
Adani Group establishes ambitious aims in the strategy laid out to appease creditors, in FY25, the business of ports, cement, renewables, solar panels, and roads will contribute significantly to the group’s growth. For the next two fiscal years, the Adani group hopes to increase group-level operational earnings by about 50% to around 91,000 crores, lowering…
The Reserve Bank of India Governor also stated that the bank is prepared to take action if necessary and that the repo rate will remain at 6.5 percent. The RBI Monetary Policy Committee (MPC) chose to maintain the policy repo rate at 6.50 percent, along with all other policy rates. Governor Shaktikanta Das stated that…
In attempting to reduce its debt, Vedanta Resources is eroding its subsidiary companies. Vedanta’s Struggling with Debt Adani Group, a struggling Indian infrastructure giant, hasn’t yet knocked over any further huge dominoes. Vedanta Resources, a massive mining corporation in India, is also appearing unsteady. Due to market trepidation following the instability at Adani Group, which…
