Tech Mahindra on Tuesday reported a consolidated net profit of Rs 1,195 crore for the quarter ended September 30, a 4.7 per cent rise on a quarter-on-quarter basis that was lower than analysts’ expectations. Its revenue grew a better-than-expected 4.8 per cent sequentially to Rs 13,995 crore, exceeding Street estimates. According to Zee Business research, Tech Mahindra was…
Indian IT companies are expected to face only limited disruption following the US announcement of a $100,000 one time fee on new H-1B visa applications, according to market expert Anil Singhvi, managing editor of Zee Business. Singhvi suggested that the move is more “signal than shock” for the sector, with only mild implications for business sentiment…
Union IT and Railways Minister Ashwini Vaishnaw on Thursday announced that the central government will develop more than 500 data labs under the IndiaAI Mission to strengthen talent and infrastructure in artificial intelligence (AI). He was speaking at the inauguration of the pre-event ceremony of AI Impact Summit 2026, to be hosted by India. The…
ET Intelligence Group: Companies with a consistent dividend paying record are often preferred by conservative investors given the reasonable certainty of annual cash flow. Apart from consistency, the extent of payout to shareholders also plays a critical role. This is determined by the payout ratio, which is dividends as a percentage of annual net profits….
Accenture shares fell 11% on Friday, hitting the day’s low of $273.19, notwithstanding a revenue beat for third quarter driven by growing demand for the consulting giant’s AI-driven services from enterprise customers. It reported revenue of $17.7 billion for the quarter ended May 31, compared with analysts’ average estimate of $17.30 billion, Reuters reported, citing…
During the five trading sessions ending June 13, the Sensex dropped 1.30% or 1,070 points, settling at 81,119. The index closed lower on three of those five days. However, amid the broader market weakness, 11 BSE 500 stocks recorded gains in all five sessions. (Data Source: ACE Equity) Source link