Infosys Q4 profit beats estimates on key client wins
Analysts, on average, had expected Q4 consolidated profit of 35.67 billion rupees but it rose 0.2% to 36.03 billion rupees.
By HT Correspondent | Reuters
UPDATED ON APR 13, 2017 10:35 AM IST
Infosys Ltd, India’s second-biggest software services exporter, reported a slightly higher-than-expected fourth-quarter profit as the company added more clients in the $100 million-plus category.
Consolidated net profit for the Bengaluru-based company rose 0.2% to Rs 36.03 billion in the quarter, while revenue grew 3.4% to Rs 171.20 billion.
Analysts, on average, had expected Q4 consolidated profit of Rs 35.67 billion, according to Thomson Reuters data.
The company, in the spotlight recently due to differences between founders and board members over governance issues, has beaten analysts’ profit estimates in seven of the last nine quarters.
First private space crew paying $55M each to fly to station on a SpaceX rocket
AP, Cape Canaveral
PUBLISHED ON JAN 26, 2021 11:01 PM IST
- The first crew will spend eight days at the space station, and will take one or two days to get there aboard a SpaceX Dragon capsule following liftoff from Cape Canaveral. Each of these first paying customers intends to perform science research in orbit.
HSBC 'aiding crackdown on democracy' in Hong Kong, British lawmakers say
Reuters, London
PUBLISHED ON JAN 26, 2021 09:41 PM IST
- Founded in Hong Kong but headquartered in Britain, HSBC has historically tried to remain politically neutral. Recently however it has shown support for Beijing, most notably last June when its top executive in Asia signed a petition backing China’s imposition of a national security law on Hong Kong.
Covid-19: IMF says pandemic hit global economy projected to grow at 5.5% in 2021
PTI, Washington
PUBLISHED ON JAN 26, 2021 07:55 PM IST
"We project global growth for 2021 at 5.5 per cent, 0.3 percentage point higher than our October forecast, moderating to 4.2 per cent in 2022,” said Gita Gopinath, Chief Economist of the IMF.
IMF projects 11.5% growth rate for India in 2021
PTI, Washington
PUBLISHED ON JAN 26, 2021 06:58 PM IST
In its latest update, the IMF projected a 11.5 per cent growth rate for India in 2021. This makes India the only major economy of the world to register a double-digit growth in 2021, it said.
Twitter acquires newsletter startup Revue to expand business
Bloomberg
PUBLISHED ON JAN 26, 2021 06:47 PM IST
Twitter will eliminate some of the service’s fees to encourage more people to create newsletters, and will take a 5% cut on subscription revenue collected through Revue.
Johnson & Johnson promises 2021 profit jump, vaccine data 'soon'
Reuters
UPDATED ON JAN 26, 2021 05:58 PM IST
The company had previously signaled that it expected to deliver data on the trial before the end of January, at a time when global hopes of defeating the virus are riding on securing adequate supplies of multiple vaccines.
Angela Merkel's ally Floats tweak to debt limits to fund pandemic fight
Bloomberg
UPDATED ON JAN 26, 2021 05:21 PM IST
Chancellor Angela Merkel’s chief of staff proposed temporarily adjusting constitutional rules to allow expanded new borrowing by Germany’s federal government, prompting a swift rejection from his own party’s budget spokesman.
Enhanced trade partnership first step towards UK-India FTA, says UK minister
PTI, London
PUBLISHED ON JAN 26, 2021 02:36 PM IST
UK-India bilateral trade increased by over 11 per cent to nearly 24 billion pounds and the UK was the largest European market for India’s goods exports in the 2019-20 financial year.
Petrol crosses ₹86-mark in Delhi, diesel above ₹83 per litre in Mumbai
By hindustantimes.com | Written by Susmita Pakrasi, New Delhi
PUBLISHED ON JAN 26, 2021 12:22 PM IST
The price data showed that diesel rate rose to ₹76.23 a litre in Delhi and to ₹83.03 per litre in Mumbai.
India markets closed on Tuesday for holiday
Reuters
PUBLISHED ON JAN 26, 2021 07:33 AM IST
The NSE Nifty 50 index ended 0.93% lower at 14,238.9 on Monday, while the S&P BSE Sensex fell 1.09% to 48,347.59.
Dollar firm as jittery markets look to Fed for catalysts
Reuters, Singapore
PUBLISHED ON JAN 26, 2021 06:56 AM IST
Bets the US dollar keeps falling, to extend a downtrend which began last March, hit an almost decade high last week, positioning data shows.
Oil holds gain near $53 as tightening supply offsets virus woes
Bloomberg
PUBLISHED ON JAN 26, 2021 06:35 AM IST
Oil has surged almost 50% since the end of October but the rally has started to falter amid concerns about a sustained recovery in global fuel demand.
Budget 2021: Telangana doctor says investments in healthcare must be boosted
By Srinivasa Rao Apparasu, Hindustan Times, Hyderabad
PUBLISHED ON JAN 26, 2021 02:49 AM IST
- Medical staff in hospitals wore bulky personal protective equipment (PPE) for hours, leaving them dehydrated, exhausted and drenched in sweat.
Have the labour markets recovered post-lockdown?
By Rosa Abraham , Amit Basole, New Delhi
UPDATED ON JAN 26, 2021 04:48 AM IST
- Several high-frequency indicators such as the Nomura India Business Resumption Index (NIBRI), Purchasing Managers’ Indices (PMI) show a strong sequential recovery in the economy.
CAIT alleges Amazon, Flipkart, Zomato and Swiggy of flouting rules
PTI, New Delhi
PUBLISHED ON JAN 25, 2021 06:19 PM IST
CAIT Secretary General alleged that similar obligations were imposed on e-commerce food business operators.