BENGALURU: Even as cost takeout and vendor consolidation dominate client conversations, some of the large IT firms pointed out that growth was driven by small and mid-sized deals in the Dec quarter. Deal activity in the recent quarters have leaned towards small and mid-size deals especially when large-deal activity was muted. The pipeline remains strong,…
NEW DELHI: Shares of food tech unicorn Zomato plummeted 12 per cent in the morning trade on Tuesday after the food delivery aggregator reported a 57.2 per cent drop in consolidated net profit for the December quarter to Rs 59 crore. The scrip of the company fell 11.81 per cent to Rs 212.50 apiece on…
US President Donald Trump has once again threatened Brics nations, including India, of imposing 100% tariffs on trade in case the bloc moves forward with plans to replace the US dollar. In his speech after assuming office as the 47th US president on Monday, Trump made it clear that any attempt by Brics nations to…
Budget 2025: Shetty advocates for a 30% flat deduction on gross income with a ₹15 lakh ceiling on deductions. Budget 2025 income tax expectations: Finance Minister Nirmala Sitharaman should look to increase the income tax threshold for the 30% tax bracket in her Union Budget 2025, says Adhil Shetty, CEO of BankBazaar.According to BankBazaar, three…
NEW DELHI: State-run UCO Bank has reported a 27.1 per cent annual increase in net profit for the third quarter of the 2024-25 financial year, reaching Rs 638.83 crore, reflecting a significant rise from the Rs 502.83 crore profit recorded during the corresponding period last year.The bank’s total income grew by 15.5 per cent, amounting…
We take a look at 5 major EPF changes in 2025 that members should know: EPF members take note! The EPFO (Employees’ Provident Fund Organization) has rolled out significant service modifications, including a streamlined joint declaration procedure, the launch of CPPS (Centralized Pension Payment System), pension policy clarifications for higher wages, online profile modification capabilities,…
The Indian IT sector, valued at $254 billion, experienced a significant reduction of over 70,000 employees in FY24. (AI image) India’s top IT services firms like TCS and Infosys have set higher fresher recruitment goals for fiscal 2026, encouraged by indicators of renewed technology investment. The six largest IT organisations in the country collectively aim…
The protest is small but loud. As limousines drive past, a few hundred young people have gathered on the Postplatz square in Davos, Switzerland.The high-altitude resort in the Alps that usually belongs to skiers looks different this week. Bakeries, cafes, and boutiques have been converted to host banks, companies, or whole countries for the next…
Catch expects an operational deficit reaching $40million in the initial half of 2024-25. Australian e-commerce platform Catch is looking to shut down, resulting in approximately 200 job losses due to heightened rivalry from Amazon and Temu.Wesfarmers, which acquired the online retailer for $230million in 2019, issued a closure announcement on Tuesday.According to a Daily Mail…
Market experts anticipate trading within a broad range. Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Tuesday. While BSE Sensex was above 77,100, Nifty50 was near 23,400. At 9:16 AM, BSE Sensex was trading at 77,150.67, up 77 points or 0.10%. Nifty50 was at 23,394.90, up 50 points…
