In previews of Q2FY25 and beyond, industry analysts are expecting a turnaround for IT services. High teens earnings per share or EPS growth is expected for the next two-three financial years. The hopes are backed by deal wins of above $100 billion as at Q1FY25, up 16.6 per cent year-on-year ( Y-o-Y).
Posts tagged Rediff
Capex: Post-Covid boom in profits yet to show (17-09-2024)
The last four years, the best for corporate profits in a long time, have not been as impressive for corporate capital expenditure. The combined net profits of India’s top listed companies excluding banks, financial services, and insurance (BFSI) increased at a compound annual growth rate (CAGR) of 32.4 per cent since FY20, a sharp jump from the 7.4 per cent in corporate earnings between FY14 and FY19.
Can Your Electric Two-Wheeler Be Hacked? (17-09-2024)
The growing complexity of E2Ws and the evolving threat landscape make it challenging to guarantee complete immunity from attacks.
New Toll Data Collection Tool A Privacy Risk? (17-09-2024)
The implementation of this toll collection system, which will eventually eradicate toll booths, necessitates the fitting of an on-board unit (OBU) in every vehicle that can track a vehicle’s location in real time.
Rise In Whistleblower Complaints In FY24 (17-09-2024)
‘The global median of whistle-blower complaints is 1.5 per cent of the total employees. India’s reporting is far away from this average.’
Will RBI cut interest rate this October? (16-09-2024)
Reserve Bank of India (RBI) Governor Shaktikanta Das has said the decision on interest rate moderation will be based on long-term inflation trajectory and not monthly data. The Monetary Policy Committee (MPC) headed by the RBI Governor is scheduled to meet between October 7 and 9 and take call on interest rate. The RBI kept the repo rate unchanged at 6.5 per cent for the ninth time in a row amid risks from higher food inflation.
SOM Distilleries debuts in K’taka with Woodpecker beer (16-09-2024)
Bhopal-based SOM Distilleries and Breweries has entered the Karnataka market with “Woodpecker” premium beer, India’s first twist cap beer. The listed alcobev company targets sales of Rs 1,600 crore by financial year 2025, it told Business Standard. SOM Distilleries launched two Woodpecker beer variants in the state: Woodpecker Glide, a premium mild beer, and Woodpecker Crest, a strong, bold brew.
Sensex climbs 98 points to hit lifetime high (16-09-2024)
NTPC was the biggest gainer on the Sensex chart, rising 2.44 per cent, followed by JSW Steel, Larsen and Toubro, ICICI Bank, Axis Bank, Nestle, Mahindra and Mahindra and Tata Steel. Bajaj Finance declined over 3 per cent. Hindustan Unilever, Bajaj Finserv, Adani Port and Asian Paints were the other laggards.
GST Gamed For Rs 81,875 cr, Finds Report (16-09-2024)
The highest-ever goods and services tax (GST) evasion has been done by the online money gaming industry.
Tax notices to employees a ‘discrepancy’, says TCS (16-09-2024)
Information technology major Tata Consultancy Services (TCS) on Friday termed the tax demand notices received by several of its employees a “discrepancy,” and the tax department will be reprocessing the returns. “We understand that the tax authorities will be reprocessing the returns, post which TDS shall be in sync with Form 26AS issued by the Income Tax Department, and Form 16 Part A issued by TCS. Associates that received the notice will receive a rectification intimation in due course and are not required to pay any demand amount.