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PERSISTENT SYSTEMS ESOPS
Esop tax relief may widen; New-age startup IPO pipeline swellsHappy Tuesday! The government is mulling extension of the tax deferral on Esops to all startups. This and more in today’s ETtech Morning Di...- Persistent Systems posts 39% profit growth, misses estimatesRevenue, which increased 21.8% YoY and 2.8% quarter-on-quarter (QoQ) to Rs 3,335.9 crore, was supported by growth in its banking, financial...
- China's rare earth curbs hit India; Groww eyes bondsChina's rare earth export controls are concerning Indian electronics manufacturers. This and more in today’s ETtech Top 5.
- Bengaluru rains: 'AI for everything, but no drainage system?' questions Zerodha-backed investor as India's IT capital gets floodedBengaluru's severe flooding, caused by continuous rains, has sparked criticism of the city's urban planning. Investor Dilip Kumar questione...
- Strong deal momentum to keep Street hooked on to PersistentThe key business vertical of hi-tech and emerging industries, where the revenue growth has been sluggish over the past few quarters, is lik...
- Strong momentum in new deals, improving utilisation likely to help Persistent to retain high growthThe stock of Persistent Systems staged a recovery on Monday with nearly 4% gain after losing over 6% on Friday following a sequential fall ...
- Persistent shares surge 3% post acquisition. Ticks all right boxes, says ICICI SecuritiesPersistent Systems' shares skyrocketed to a record high after sealing a deal to acquire Starfish Associates, boosting their AI offerings.
- Paytm shares gain 3% as stock makes entry into the MSCI India indexThe company which operates the fintech platform Paytm is expected to trigger passive inflows in India to the tune of $160 million according...
- Midcaps brave IT winter better than big firmsDespite a few companies like Happiest Minds and Mphasis missing estimates due to wage hikes and sustained pressure on the BFSI segment, ana...
- New products brighten Zaggle’s prospects but restoring financial health will be crucialZaggle Prepaid Ocean Services, which provides software as a service (SaaS) solutions in the corporate spend, incentives, and rewards catego...
- Byju’s, lenders agree to close $1.2 bn loan terms by Aug 3; Swiggy’s $50 million Esop buybackByju’s and its lenders have reached an agreement to lock in the new terms for the $1.2 billion term loan B by August 3, according to a stat...
- Zomato-Blinkit deal gets green signal; Google launches Street View in IndiaAfter the approval was notified to the stock exchange on Wednesday morning, Zomato's stock traded in the green and ended the session up 5.5...
- Sandeep Kalra explains what the latest acquisitions mean for Persistent Systems“Whenever there is a transaction, in the initial year, the cost of doing the transaction and amortisation is reflected before the synergy r...
- Buy Persistent Systems, target price Rs 5000: Emkay GlobalPersistent Systems Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 36822.33 Crore) operating in IT Sof...
- Indian IT use work environment, learning and Esops to retain people amid talent warInfosys expanded its Esop pool earlier this year while a much smaller Persistent Systems has rolled out an Esop covering almost 80% its emp...
- Persistent Systems extends ESOP plan to 80% of global staffThe ESOP plan will increase Persistent Systems’ expenses by 70-80 basis points which it said will be offset by business growth over time. S...
- Crypto boomersIn today's ETtech Morning Dispatch: Boomers are signing up to invest in crypto, Mamaearth may land new financing and SoftBank rejigs InMobi...
- Senior IT executives encash ESOPs amid Sensex, Nifty bull runExecutives at L&T Infotech, L&T Technology Services, TCS, Infosys, Wipro, HCL Technologies and Persistent Systems cashed some portion of th...
- Retaining & attracting talent: Startups to give up to 100% raise to top performersThis appraisal season, top performers in startups will see their pay packages double while other stars will take home increments of 30%-50%...
- Attitude tops performance in appraisals; workers judged on risk-taking, willingness to learnPerformance rating is linked to much more qualitative parameters such as readiness to ask colleagues for help, and the ability and willingn...
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