Oct 14, 2021By: Rounak Jain
Reported a 4 percent jump in net profit to ₹5,421 crore, quarter-on-quarter, thanks to significant deal wins like Daimler and increased digital adoption by its clients.
The company also increased its revenue growth guidance to 16.5-17.5 percent from 14-16 percent earlier. It declared a dividend of ₹15 per share.
Reported a 9.6 percent decline in net profit to ₹2,931 crore, quarter-on-quarter, despite a healthy addition of clients spread across the $10 million to $100 million bands.
Reported a net profit of ₹399, an increase of 16 percent quarter-on-quarter, while revenue surged 13 percent to ₹2,586 crore. It declared an interim dividend of ₹10 per share.
A media report stated that the telco is in advanced talks to sell a minority stake to Apollo Global Management and Carlyle to raise up to $1 billion over the next 2-3 months.
HCL Tech, Indiabulls Real Estate, Cyient, Inox Wind, Inox Wind Energy, GTPL Hathway, Century Textiles, Mahindra CIE Automotive.
Reliance said its merger talks fell apart with Zee due to Zee-Invesco clashes. Invesco, on the other hand, alluded to corporate governance issues at Zee.
The McDonald’s franchise holder said it will add 150-200 stores and invest up to ₹1,000 crore over the next 3-4 years.
HDFC Bank, Axis Bank, IndusInd Bank and Kotak Mahindra Bank are reportedly in the race to acquire Citi India’s consumer businesses, including the lucrative credit cards vertical.