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BLEAK DEMAND ENVIRONMENT
War revives stagflation dangers for global economyGlobal economic outlook faces uncertainty as seven weeks of Middle East conflict impact growth and inflation. Business surveys from Austral...- Devyani International buys 80% in Biryani by Kilo for Rs 419 croreDevyani International Ltd (DIL) has acquired an 80.7% stake in Sky Gate Hospitality, the parent company of Biryani by Kilo, for Rs 431.31 c...
- Tech jobs dwindle with India's top IT firms cutting workforce by 64,000With Infosys predicting a meagre 1% to 3% annual revenue growth and Wipro predicting a likely 1.5% revenue decline in the June quarter with...
- ADRs of Wipro, Infosys slump as Accenture cuts guidance on clouded outlookThe IT industry has been grappling with sluggish demand for software and consulting services as high interest rates discouraged enterprises...
- TCS, HCL Tech to kick-off Q1 earnings season on July 12; Infosys results on July 20Indian IT companies, including TCS, HCL Technologies, and Infosys, are set to release their earnings for the first quarter of 2023. Despite...
- Online fashion retailer Zalando to lay off hundreds of employeesIn its last quarterly earnings report in November, Zalando said it expected full-year revenues and operating profit to reach the lower end ...
- Rackspace Technology doubles India revenues, to increase headcountUS-based cloud computing firm Rackspace has doubled its India revenue on increased demand for multi-cloud solutions.
- Corporate profitability to recover in second half of FY21: ReportIcra expects that India Inc is on a slow path to recovery and would deliver a sequentially better performance in Q2 FY'21 given easing of t...
- This Jhunjhunwala favourite takes a big Covid hit, may lose half its salesPandemic dents luggage firm VIP Industries’ March quarter sales by Rs 120 crore.
- Focus is on new processes and cut in bad costs: Apollo Tyres MDThe world will have to adjust to the new normal of working from home and living with the novel coronavirus, Apollo Tyres managing director ...
- Infosys retains clients, paints bleak demand environmentInterim CEO Rao said that the company had not seen anything unusual in the two-three weeks since Sikka’s exit and Nilekani's return as non-...
- Commodity price crash cheer now a worry for D-StreetAnalysts say while lower commodity prices have sharply reduced raw material costs for a host of industries – from FMCG to auto, airlines.
- Personal computer shipments for Q3 2012 up 4.9% over previous quarterPersonal computer (PC) market shipments for Q3 2012 (July-Sep) stood at 2.99 million units, up 4.9% over the previous quarter.
- Asian Paints: Fading into the blue?Is the best over for Asian Pains on Dalal Street? The stock fell 4.3 per cent in the last two days after the company's Q1 earnings were bel...
- Dalmia Cement: Investors concerned about bleak prospectsThere are no signs of revival in the operating environment in the company’s key southern markets. Its sugar division is also hit due to fal...
- Oil prices higher in Asian tradeOil prices rose in Asian trade, tracking gains on Wall Street ahead of the release of latest report on US crude inventories.
- Analyst's Pick: JP Morgan retains ‘neutral’ on Tata SteelJP Morgan has retained its ‘neutral’ rating on Tata Steel with a price target of Rs 155, citing bleak outlook on the sector.
- Kotak Sec recommends “reduce” on SAILKotak Securities has a “reduce” recommendation on Steel Authority of India Ltd for a target price of Rs 69 against the current market price...
- 'Indian airlines may see dip in traffic due to Mumbai attacks'The International Air Transport Association said Indian carriers could expect a drop in demand for air travel, particularly after the Mumba...
- Turbulence-hit airlinesRetrenchment of employees not the only way out.
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