TCS reported June-quarter revenue of $7.6 billion, showing a modest year-on-year increase. The company added over nine thousand employees, marking significant workforce expansion. Consolidated net profit saw a sequential decline after a one-time legal charge. Operating margins decreased due to annual wage hikes, with a goal to return to twenty-five percent. TCS expects AI to
The 11 million barrels shipped over the past day are roughly equal to Iran’s pre-war crude exports for an entire week. It remains uncertain, however, whether buyers will be available for those cargoes.
The possibility of imposing transit charges in the Strait of Hormuz has drawn fresh attention to the dependence of global supply chains on a small number of strategically important waterways.
Fundamentum Partnership has launched its third fund with a Rs 2,200 crore target corpus. Nandan Nilekani anchors this fund, marking his largest venture capital commitment. The firm focuses on Series B investments in Indian technology companies ready for scaling. Fundamentum will invest Rs 100-150 crore in eight to ten portfolio companies. This new fund prioritizes
Fundamentum Partnership has launched its third fund with a Rs 2,200 crore target corpus. Nandan Nilekani anchors this fund, marking his largest venture capital commitment. The firm focuses on Series B investments in Indian technology companies ready for scaling. Fundamentum will invest Rs 100-150 crore in eight to ten portfolio companies. This new fund prioritizes
Justice Biswaroop Chowdhury partly allowed an appeal filed by Bajaj Allianz General Insurance Company Limited and enhanced compensation payable for the death of a homemaker from Rs.9.17 lakh to Rs.11 lakh, while dismissing the insurer’s challenge to a separate award of Rs.2.10 crore granted for the death of her husband in the same accident.
Before the Iran war began, Brent was trading near $72 per barrel. More recently, optimism surrounding an interim peace agreement had pushed prices back to roughly their pre-war levels.
TCS said its annualised AI revenue run rate reached $2.6 billion in the first quarter of FY27, reflecting a 13.6% sequential increase. The company added that it won multiple AI-focused contracts spanning IT operations, software engineering.
ITR filing FY 2025-26: The deadline to file ITR for salaried taxpayers is July 31, 2026. In case you are confused about what details your Form 16 has and what are the top things to check in it, we have you covered.
The latest trend reflects a new phase in the restructuring of India’s IT services industry, which is valued at over $315 billion. Companies are continuing to rationalise the workforce built up during the pandemic hiring surge after grappling with weaker business conditions over the past three years.
