Infosys will recruit 20,000 college graduates in the current financial year, signalling continued investment in fresh talent even as the broader Indian IT industry turns cautious on hiring amid growing adoption of artificial intelligence (AI). Speaking after the company’s June-quarter earnings, CEO and MD Salil Parekh said Infosys remains committed to campus hiring. “We are…
The Securities and Exchange Board of India (SEBI) has proposed easing compliance requirements for portfolio managers and widening the range of assets in which they can invest client funds, as part of a broader review of the regulatory framework governing the industry. In a consultation paper issued on Thursday (July 23), the capital markets regulator…
Sona BLW Precision Forgings Ltd on Thursday (July 23) reported a 46.7% year-on-year rise in consolidated net profit to ₹178.5 crore for the first quarter of FY27, compared with ₹122 crore in the year-ago period. Revenue from operations grew 52.4% year-on-year to ₹1,301 crore from ₹854 crore, while earnings before interest, taxes, depreciation and amortisation…
Swiggy’s board has approved a proposal to cap aggregate foreign ownership at 49.5% on a fully diluted basis, according to an exchange filing on Thursday. The proposal will now be placed before shareholders for approval through a special resolution at the company’s 13th Annual General Meeting (AGM). If approved, the cap will ensure that foreign…
NIIT Learning Systems Ltd on Thursday (July 23) reported a 16.4% year-on-year increase in consolidated profit after tax (PAT) to ₹57.4 crore for the first quarter of FY27, compared with ₹49.3 crore in the year-ago period. Consolidated revenue rose 25.2% year-on-year to ₹565.1 crore from ₹451 crore. On a quarter-on-quarter basis, revenue increased 8%. Earnings…
India’s second-largest IT services firm Infosys today announced its earnings for the first quarter of the financial year 2026-27. The company’s consolidated profit after tax (PAT) grew 12.2 per cent year-on-year to Rs 7,769 crore in the June quarter. The PAT stood at Rs 6,921 crore in the year-ago period. The IT major’s revenue from…
Securities Markets Code Bill: It seeks to overhaul India’s securities law framework with major reforms covering SEBI governance, investigations, investor protection and more Highlights SEBI board expands; governance and transparency norms strengthened significantly Most securities law violations decriminalised to boost business confidence Investor protection, faster investigations and regulatory sandbox introduced Securities Markets Code Bill: The…
BSE Sensex settled at 76,391.39, down 363.66 points (-0.47%). The index remained under selling pressure for most of the session and closed lower for the day. Immediate support is placed around 76,200–76,000, while resistance is seen near 76,700–77,000. A decisive breakout above the resistance zone would improve market sentiment and signal renewed buying interest, Arora…
InterGlobe Aviation, the parent of India’s largest airline IndiGo, reported a mixed set of standalone earnings for the June quarter (Q1 FY27), with strong revenue growth offset by a sharp decline in profitability due to higher operating costs. InterGlobe Aviation reported a net loss of Rs 382 crore for the quarter ended June, compared with…
The price of Brent crude, one of the key global oil benchmarks, has climbed to $98 per barrel, rising more than 4% in today’s trade. With that, Brent has touched a six-week high, while US benchmark West Texas Intermediate (WTI) was trading close to $89.50 a barrel. Brent inching closer to the psychologically important $100-a-barrel…
