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  2. Authors
  3. fe bureau

FE Bureau

Nilanjan Roy, CFO, Infosys, said the focus on optimising operational costs and sub-contract costs helped. “We definitely benefited from not having travel expenses,“ Roy said.
Strong Q3 numbers: Infosys raises revenue guidance for 2020-21

Infosys CEO and MD Salil Parekh said the company’s capabilities in areas of digital and cloud were enabling it to…

By FE Bureau
January 14, 2021 05:30 IST
The management also announced an interim dividend of Rs 1 per equity share with the record date of January 25. The company has also closed a Rs 9,500-share buyback on January 11.
Wipro reports strong numbers in December quarter

Operating margin expanded sequentially by 243 bps to 21.7%, a significant growth in the last 22 quarters. The company surpassed…

By FE Bureau
January 14, 2021 05:15 IST
Ed-tech Boom: Unacademy shares change hands in $50-million deal

The infusion comes less than two months after the ed-tech firm raised fresh funds from Tiger Global and Dragoneer Investment…

By FE Bureau
January 14, 2021 05:00 IST
The growth has been broad-based with revenues from the BFSI, high tech and life sciences verticals growing in double digits y-o-y.
Infosys set to see double-digit revenue growth in FY22

The country’s second-largest technology services major saw its revenues grow by 6.2% sequentially in dollar terms and 5.3% in constant…

By FE Bureau
January 14, 2021 04:45 IST
Unacademy, Eruditus and Vedantu collectively raised over $500 million from investors.
Cracking JEE: Amazon India forays into ed-tech space

Amazon said in a statement. In addition to the JEE, those preparing for other engineering entrance exams like BITSAT, VITEEE,…

By FE Bureau
January 14, 2021 04:30 IST
The leaders decided to hold a sit-in during January 24-26 at Azad Maidan and march to the Governor’s House on the concluding day.
Farmers’ protest: Farmers open to talks with govt, firm on stand against court-appointed panel

Meanwhile, the agriculture ministry has swung into action by making arrangement to hold the meeting of the SC-appointed committee at…

By FE Bureau
January 14, 2021 04:15 IST
coal India
CIL furthers capex to Rs 13k crore, become topmost spenders among PSUs

Of the additional Rs 3,000 crore injected into CIL’s capex, South Eastern Coalfields, CIL’s largest subsidiary, accounts for Rs  800…

By FE Bureau
January 14, 2021 04:00 IST
Total income of the company had increased by 3.2% at Rs 11,217 crore last fiscal, while net profit grew 9% at Rs 1,306 crore.
CESC decides to consolidate power distribution business

Notably, CESC had called off its proposal on the demerger of its power generation and distribution business two years ago.…

By FE Bureau
January 14, 2021 03:30 IST
The selloff in index heavyweights such as HDFC, RIL, HDFC Bank, Bajaj Finance and Kotak Mahindra Bank caused the benchmarks to give up on their gains and break their three-session record high streak.
Markets flat, Nifty Bank closes at record high of 32,574.65 points

The Nifty Bank, which closed the previous trading session at its 52-week high, touched a new high on Wednesday and…

By FE Bureau
January 14, 2021 02:30 IST
The group will study all aspects of digital lending activities in the regulated financial sector as well as by unregulated players so that an appropriate regulatory approach can be put in place.
RBI forms working group to evaluate digital lending

The move is the latest in the central bank’s attempt to tackle fly-by-night lending apps which have been offering digital…

By FE Bureau
January 14, 2021 02:15 IST
However, senior counsel Rajiv Nayar, appearing for Amazon, opposed the mentioning, saying the HC's procedure ought to be followed.
Delhi High Court notices to Future Group and other on Amazon’s appeal

A division bench comprising Chief Justice DN Patel and Justice Jyoti Singh gave time to FRL, Reliance Retail and other…

By FE Bureau
January 14, 2021 02:00 IST
“We are looking at a 50 basis point cut in the repo rate for 2021 and we are looking at a 100 basis point hike in interest rate in FY23,” said Indranil Sen Gupta, India economist, BofA Securities.
Pace of economic recovery will depend on the degree of vaccine rollout: BofA Securities

The pace of economic recovery and strength of the recovery will depend on the degree of the Covid-19 vaccine rollout.…

By FE Bureau
January 14, 2021 01:45 IST
So, the IPO could fetch roughly Rs 3,100 crore for the company and Rs 1,500 crore for the Centre.
IRFC IPO to fetch Rs 3,100 crore for firm, Rs 1,500 crore for Centre

The dedicated railways finance company plans to use the proceeds towards augmenting the company’s equity capital base to meet future…

By FE Bureau
January 14, 2021 01:30 IST
The company also has a significant presence in the farm inputs business through its subsidiary Coromandel International.
EID Parry revamps portfolio, switches to Sulphur free process sugar

Apart from more premium and contemporary new packaging, the company has extended its Sulphur free process sugar across all markets…

By FE Bureau
January 14, 2021 01:15 IST
The country aims to increase the share of natural gas in its energy mix to 15% by 2030 from the current level of about 6%.
Domestic natural gas output falls 11% in 2020

The 2,426 mmscm of natural gas produced in December was however the highest monthly output recorded in the ongoing fiscal,…

By FE Bureau
January 14, 2021 01:00 IST
A first for the firm globally, the mobile-only packs starting at Rs 89 (for 28 days) and available across varied price points, have been introduced in partnership with Airtel that has around 290 million customers.
Amazon Prime Video launches mobile-only plans in India

“India is one of our fastest-growing territories in the world with very high engagement rates. Buoyed by this response, we…

By FE Bureau
January 14, 2021 00:30 IST
Motilal Oswal plans to raise Rs 800 crore through fifth real estate fund

The fund will focus on providing debt for construction finance to projects which are in post-approval stage. It plans to…

By FE Bureau
January 14, 2021 00:15 IST
Lower electricity volumes consumed by highly industrialised states in FY20 had dragged down the country’s annual demand growth to a six-year low of 1.3%.
BSES discoms pay Rs 400-crore dues to Aravali Power

“BSES discoms are committed to supply reliable and uninterrupted power supply to around 46 lakh consumers in Delhi,” the spokesperson…

By FE Bureau
January 13, 2021 06:30 IST
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Taxpayers often make procedural and computational errors while claiming relief under Section 89 of the ITA 1961 (corresponding to Section 157 of the ITA 2025), which can lead to the denial of the benefit.

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