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Infosys outperformed its larger peer, TCS, with a stronger performance in the Dec quarter. Its shares rose as much as 8% in early trade on the NYSE on Wednesday after the company reported higher-than-expected sales, driven by strong large deal wins, and upgraded its revenue growth guidance for FY26.It posted sequential revenue growth of 0.6%…
IT services major Infosys on Wednesday reported a 2.2 per cent decline in consolidated net profit to Rs 6,654 crore for the October–December quarter of FY26, even as revenue from operations rose nearly 9 per cent year-on-year.The Bengaluru-headquartered company had posted a net profit attributable to owners of the company of Rs 6,806 crore in…
IT giant TCS reported 5% year-on-year growth in revenue from operations, which rose to Rs 67,087 crore in the third quarter, up from Rs 63,973 crore in the corresponding quarter of the previous financial year.Meanwhile the company giant reported a 14% year-on-year decline in consolidated net profit to Rs 10,657 crore for the December quarter,…
IT services firm HCLTech on Monday reported an 11.2% year-on-year decline in consolidated net profit to Rs 4,076 crore for the October–December quarter of FY26, compared with Rs 4,591 crore in the year-ago period.The Noida-headquartered company, however, posted strong top-line growth, with revenue from operations rising 13.3% to Rs 33,872 crore in the third quarter,…
US President Donald Trump on Saturday signed an executive order meant to declare a national emergency and safeguard Venezuelan oil revenue held in US accounts, taking another step to control future sales of Venezuelan oil.The executive order effectively blocked the oil revenue from the Latin American country’s creditors and prevented its seizure to satisfy debts…
A sharp increase in taxes on cigarettes, along with a new excise duty structure on tobacco products, could trigger a surge in illicit trade and lead to significant revenue losses for the government, experts have warned.Earlier this week, the finance ministry notified amendments to the Central Excise Act, introducing a fresh excise duty ranging from…
Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, has reported a 13.15 per cent rise in its standalone revenue from operations to Rs 17,612.62 crore for the third quarter ended December 31, 2025.The company had registered Rs 15,565.23 crore revenue from operations a year ago, Avenue Supermarts informed BSE in a regulatory filing…
NEW DELHI: GST collections rose 6.1% to Rs 1,74,550 crore, driven by a surge in levies on imports. The numbers, that do not include compensation cess, which has been withdrawn for all goods barring tobacco and pan masala, provide confidence to govt that the mop up (for sales in Nov) has increased despite an overhaul…
The National Financial Reporting Authority (NFRA) on Thursday said it has rolled out its second Audit Practice Toolkit to support small and medium audit practitioners across the country, as part of its broader effort to improve the quality of auditing practices, PTI reported.The toolkit, titled ‘Risk & Response Memorandum: ROMM (Risk of Material Misstatement) Assessment…
MrBeast (Image via Getty) YouTube star Jimmy “MrBeast” has weighed in on Elon Musk’s plan to increase creator payouts on X in an effort to compete with YouTube. The discussion picked up pace after a viral post claimed Musk had asked X to raise payments for creators. The idea quickly caught attention across social media.MrBeast…
