IT services company Infosys reported a 13.4% yearly raise in net profit in Q3FY23 to Rs 6,586 crore, up from Rs 5,809 crore, increasing its revenue growth guidance for this financial year (FY). 

HCL Tech posted a 19% rise in net profit in the December quarter to Rs 4,096 crore, up from Rs 3,442 crore in 2022. Also, the price of the dividend is Rs 10 per share. However, the company has trimmed the upper end of services revenues and EBIT margin guidance by 50 basis points each. EBIT is earnings before interest and taxes. The company’s revenue guidance for FY23 now stands at 13.5-14% against the earlier 13.5-14.5%.

The approval has been received by National Company Law Tribunal (NCLT) for the merger of PVR Ltd and Inox Leisure Ltd. 

The Hyderabad-based technology firm, Cyient beats estimates in Q3FY23. The company has reported growth of 18.4% compared to a profit of Rs 131.8 crore recorded in the December 2021 quarter. On a consolidated basis, the company’s revenue from operations reported Rs 1,618.2 crore in Q3FY23, registering a growth of 36.7%.

On Thursday, Zee Entertainment of the Mumbai bench of the National Company Law Tribunal (NCLT) adjourned the matter related to applications filed by lenders and creditors as compared with the merger of media and ZEEL with Culver Max Entertainment till February 2, 2023. 

In the private sector, Allcargo Logistics is the most significant integrated player and has picked up a 75% stake in the European rival Fair Trade for €12 million, valuing the German company at €16 million. 

• Vedanta Outlook for the Week (May 06, 2024 – May 10, 2024)
• Tata Steel Outlook for the Week (May 06, 2024 – May 10, 2024)
• PFC Outlook for the Week (May 06, 2024 – May 10, 2024)
• Piramal Enterprises Outlook for the Week (May 06, 2024 – May 10, 2024)
• MANAPPURAM Outlook for the Week (May 06, 2024 – May 10, 2024)

The consultancy arm of state-owned Coal India Ltd, Central Mine Planning and Design Institute Ltd, has a method to control the generation,  invented a system and movement of dust and achieved the patent for the same. 

Anand Rathi Wealth is India’s leading non-bank wealth solution. The company reported a 35% jump in consolidated profit after tax (PAT) to Rs 43.2 crore for the December quarter of FY23.

Anand Rathi Wealth is India’s leading non-bank wealth solutions the company reported a 35 per cent jump in consolidated profit after tax (PAT) to Rs 43.2 crore for December quarter of FY23.