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News on Medial
Why Infosys’s optimism stands apart from TCS’s restraint
Livemint
·
2d ago
Medial
Infosys has expressed optimism for fiscal year 2026, being the first major Indian IT firm to do so, as it raises its revenue guidance and anticipates improved tech spending. This contrasts with the cautious stances of peers like Tata Consultancy Services (TCS) and Wipro amidst macroeconomic uncertainty and generative AI disruptions. Infosys CEO Salil Parekh's discussions with Kotak Institutional Equities analysts highlight their confidence in a macroeconomic recovery, despite past challenges like the US tariff changes.
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TCS’s North America head Muthuswami quits
Livemint
·
12m ago
Medial
Suresh Muthuswami, chair of TCS North America and overseer of nearly $15 billion in business, has resigned from Tata Consultancy Services. His departure is the biggest executive loss since K Krithivasan became CEO of TCS last year. TCS's American and Canadian business accounted for over half of its revenue in the fiscal year ending March 2024, making Muthuswami's role significant. The reason behind his departure is unknown, but it comes as a surprise given the growth of TCS's North America business under his leadership. TCS will not have a chairman for the North American region, and Amit Bajaj, president of the region, will assume responsibilities.
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Cairn dividends: SEBI restrains Vedanta’s former Vice-Chairman Navin Agarwal from dealing in securities for 2 months
Thehindubusinessline
·
1y ago
Medial
SEBI has barred Vedanta's Executive Vice-Chairman, Navin Agarwal, and his daughter, Priya Agarwal, from dealing in securities due to their failure to pay dividends to Cairn UK Holdings (CUHL). Vedanta has also been ordered to pay ₹77.62 crore to CUHL, following a complaint filed by CUHL in 2017. SEBI has imposed a two-month restraint on Navin Agarwal and a one-month restraint on Priya Agarwal, as well as imposing restrictions on other executives and independent directors. Vedanta has stated that the SEBI order will have no major financial impact on the company.
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Why Elon Musk’s robotaxi dreams are premature
Livemint
·
9m ago
Medial
Elon Musk's plan for Tesla's robot cars relies on end-to-end artificial intelligence (AI) where algorithms learn to drive safely by analyzing video footage from existing Teslas. However, this approach contrasts with competitors like Waymo, which break down the problem of self-driving into more distinct tasks with greater input from human engineers. While Musk's vision relies on AI technology reaching a higher level of sophistication, AI developers argue that it is still far from achieving that. Musk's optimism and vague promises have also raised skepticism about the feasibility of his plans.
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Why this infrastructure stock is a big beneficiary of Union Budget 2024
Money Control
·
1y ago
Medial
The Indian government's increased allocation for infrastructure development in Andhra Pradesh, Bihar, and other eastern states will benefit construction player NCC. Specific projects include the development of Andhra Pradesh's proposed capital, Amaravati, as well as road connectivity and power projects in Bihar. NCC, with its project execution capabilities and experience in the eastern market, stands to gain significant order inflows from these developments. Additionally, infrastructure development in states like Odisha, Jharkhand, and West Bengal will further provide opportunities for NCC.
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Why Leapfrog is cautiously optimistic on investments in its two focus sectors
VCCircle
·
5m ago
Medial
LeapFrog Investments, a private equity firm focusing on emerging markets, remains optimistic about its key sectors, financial services and healthcare. Despite this optimism, the firm exercises caution due to prevailing global economic uncertainties and geopolitical risks. This balanced approach is part of its strategy while deploying its fourth fund.
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Sensex, Nifty: 5 reasons why stock market is rising today
Business Today
·
4m ago
Medial
Benchmark indices Sensex and Nifty rose after three days of decline due to value buying. Factors such as the rupee appreciating against the dollar, a drop in Brent crude prices, and optimism regarding India's resilience to US tariffs contributed to the market's rise. Additionally, investors are awaiting the RBI policy outcome and earnings season. While potential trade negotiations and reciprocal tariffs loom, the Indian market remains optimistic relative to its peers.
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Godfrey Phillips shares rise 9%, top BSE gainer; here's why
Business Today
·
6m ago
Medial
Godfrey Phillips India shares rose by 9.52% to Rs 5457.50 due to strong financial performance. The company reported a net profit of Rs 315.9 crore for Q3, marking a 48.7% year-over-year growth, and revenue of Rs 1,591.2 crore, a 27.3% increase. Its market cap stands at Rs 27,571 crore. The company produces cigarette brands like Four Square and has a distribution agreement for Marlboro with Philip Morris.
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Merchant bankers charge much more to manage IPOs of digital firms; here's why
Money Control
·
11m ago
Medial
Digital companies in the New Age Tech Companies (NATC) sector are paying higher fees to merchant bankers for their initial public offerings (IPOs) compared to traditional companies. Data from Prime Database shows that Unicommerce eSolutions, Zaggle Prepaid Ocean Services, and Easy Trip Planners paid more than 4% of their issue size as fees to merchant bankers, while the average fee for IPOs below Rs 500 crore in 2024 stands at 3.93%. Merchant bankers attribute the higher fee to the need for greater efforts in marketing loss-making digital companies and the complexity of working with foreign investments.
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Why Stamping Out Crypto Bros Could Help Bitcoin
Livemint
·
1y ago
Medial
Regulatory crackdowns in the crypto world, such as the recent case involving Binance, may actually revive investor optimism and benefit Bitcoin. Traders speculate that the SEC is more likely to approve US exchange-traded funds (ETFs) that own Bitcoins on a spot basis. Asset managers, including BlackRock and Fidelity, have filed requests to launch spot Bitcoin ETFs, which could attract more investors. While the crackdown might limit unsupervised innovation, it could lead to compliant exchanges and ease concerns about price manipulation, potentially paving the way for the approval of spot ETFs.
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Here's why LIC net profit fell 50% to Rs 7,925 crore in Q2 FY24
IndianStartupNews
·
1y ago
Medial
Insurance giant Life Insurance Corporation of India (LIC) reported a 50% drop in net profit for the second quarter of the financial year 2024, amounting to Rs 7,925 crore. The decline was attributed to a decrease in net premium income and a change in accounting policy. However, LIC saw a rise in income from investments and improvements in solvency margin and gross non-performing assets ratio. While LIC's group business performance showed mixed results, the chairman expressed optimism for future growth. Other leaders in the Indian insurance market include SBI Life, HDFC Life, and ICICI Prudential Life.
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