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SATHISHKUMAR S
Temasek arm backs Milky Mist ahead of IPO as part of Rs 482 crore pre-listing roundMilky Mist Dairy Food has raised Rs 482 crore in a Temasek-backed pre-IPO round, led by Jongsong Investments. The funding strengthens its b...- Milky Mist Dairy files for Rs 2,035 crore IPO, targets expansion and debt reductionMilky Mist Dairy Food has filed for a ₹2,035 crore IPO, including a ₹1,785 crore fresh issue. Funds will be used for debt repayment, capaci...
- HC restrains O Panneerselvam from using AIADMK party symbol, flag, letterheadThe bench however, granted libertty to the expelled leader to approach the single Judge by filing necessary applications seeking to vacate ...
- Mega deal wins to help Infosys as BFSI hits lean patch: ReportThe demand environment has not seen much change since June quarter results of Infosys barring a few mega deal closures as certain pockets i...
- Smartphone sales plateau in rural areas; Nvidia nears $1 trillion market cap riding AI waveAffordability issues, coupled with the affinity for feature phones, have led to smartphone sales stagnating in rural areas since mid-2021 —...
- For IT firms, June quarter may be softer than Q4Analysts expect a softer June quarter for many IT companies compared to even the modest March quarter. Discretionary spending by clients in...
- Infosys posts biggest fall since Covid selloff, leads plunge in IT countersThe NSE IT index dropped 4.7% to its lowest in two years, while the Nifty fell 0.7%. Analysts are recommending investors to postpone purcha...
- Uptick seen in Infy’s cost saving-based deals: Kotak reportOn operating margins, Infosys is expected to weather some of the headwinds, especially attrition-related costs and compensation increases.
- Dvara KGFS acquires TransactNow to help scale its digital channelThe acquisition of TransactNow has allowed Dvara KGFS to launch its own digital platform called KGFS Digital for providing financial servic...
- Mega deal wins? Margin squeeze? What to expect in Q4 IT earningsTCS will come out with its March quarter numbers on April 12, followed by Infosys on April 14, and Wipro and Mindtree on April 15.
- Indian IT likely to report strong Q3 numbers: AnalystsIncreased tech spend, rise in deals and lower-than-usual furloughs signal better days for Indian tech firms
- Analysts see no sign of slump in Indian IT firms' Q2 deal numbersAnalysts see the closure of three major software services contracts reinforcing a positive outlook for the outsourcing markets globally.
- Rupee fall may lift IT companies' margins: AnalystsAnalysts at the Kotak Institutional Equities (KIE) said: “Infosys, TCS and Mindtree do not have meaningful cash flow hedges and will benefi...
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