[ad_1] MUMBAI: UltraTech Cement posted a 35% increase in quarterly profit to Rs 2,259 crore on the back of lower input costs and higher volume growth. Revenue climbed 9% to Rs 20,419 crore in Q4 FY24. India’s largest cement company’s imported fuel consumption cost was 13% lower than the year-ago period, while it recorded a…
[ad_1] NEW DELHI: Google‘s parent company Alphabet on Thursday announced its first-ever dividend and a $70 billion stock buyback, leading to the stock surge of nearly 16% after the bell. The dividend will be 20 cents per share.Alphabet is returning capital while spending billions of dollars on data centres to compete with rivals on generative…
[ad_1] BENGALURU: Tech Mahindra, fifth-largest software company in the country, reported fourth-quarter revenue below analysts‘ estimates on Thursday due to weakness in its communications and media segment as macro headwinds weighed on overall demand. Consolidated revenue fell 6.2% year-on-year to 128.71 billion rupees ($1.55 billion) in the March quarter.Analysts, on average, expected revenue of 129.55…
[ad_1] BENGALURU: It’s an uphill task for the hiker. Wipro‘s new CEO, Srini Pallia, faces significant challenges as the company’s performance lags behind its peers across various financial metrics. Despite this, Wipro’s shares rose 3% in early trading on the NYSE, reflecting a realistic growth forecast in a volatile demand environment.In the March quarter, Wipro’s…
[ad_1] NEW DELHI: Vedanta group firm Hindustan Zinc Ltd (HZL) on Friday said its consolidated net profit declined 21 per cent to Rs 2,038 crore for the quarter ended March 31, 2024, mainly on account of lower zinc price. The company posted a consolidated net profit of Rs 2,583 crore in the corresponding quarter of…
[ad_1] NEW DELHI: Bajaj Auto on Thursday reported a 35 per cent increase in standalone profit after tax at Rs 1,936 crore in the fourth quarter ended March 31, 2024.The Pune-based company had reported a profit after tax (PAT) of Rs 1,433 crore in the January-March quarter of 2022-23 fiscal.Revenue from operations rose by 29…
[ad_1] BENGALURU: Digital engineering company Nagarro’s revenue crossed $1 billion in FY23, up from $908 million in the year-ago period. Nagarro follows a Jan to Dec financial year. The company recorded a growth of 9.4% in constant currency in 2023.Listed on the Frankfurt Stock Exchange in 2020, Nagarro was co-founded by Manas Fuloria along with…
[ad_1] BENGALURU: TCS reported a modest revenue growth of 3.4% in constant currency for the 2023-24 financial year, as challenges in North America and its mainstay banking and financial services sector persist. Although the growth is significantly lower than the previous year’s 13.7%, it surpasses Nasscom’s latest estimates for India’s IT exports growth of 3.3%…
[ad_1] Citigroup‘s first-quarter profit fell 27% but beat market expectations on Friday, while taking a $483 million charge tied to CEO Jane Fraser’s sweeping reorganization. Net income fell to $3.4 billion, or $1.58 per share, in the three months ended March 31, the bank said on Friday. That compares with $4.6 billion, or $2.19 per…
[ad_1] LONDON: British drugs group AstraZeneca on Thursday hiked its shareholder dividend citing optimism over its strong performance.AstraZeneca “intends to increase the annualised dividend” by seven percent to $3.10 per share, in a move which was “underlining the company’s confidence in its performance and cash generation”, it said in a statement ahead of its annual…
