Information-technology (IT) services major Cognizant has kept its full-year guidance on revenue growth unchanged at 3.5-6 per cent in constant currency even as the industry is becoming cautious about macro conditions because of tariff wars. Photograph: Chris Helgren/Reuters The Nasdaq-listed
Goods and Services Tax (GST) collection rose 12.6 per cent Y-o-Y to an all-time high of about Rs 2.37 lakh crore in April, which the government said shows resilience of the Indian economy and the effectiveness of cooperative federalism. Illustration:
Global tech major Adobe Systems’ chief executive Shantanu Narayen on Thursday said creativity, and not software code, will be the main driver of India’s economy in the future. IMAGE: Shantanu Narayen, CEO, Adobe. Photograph: Kind courtesy, Brian Cummings Photography/Wikimedia.org Speaking
India’s versatile media and entertainment industry can grow more than three-fold to $100 billion in the next decade, creating millions of jobs and a ripple effect across sectors, billionaire Mukesh Ambani said on Thursday. IMAGE: Reliance Industries chairman Mukesh Ambani
The Reserve Bank of India (RBI) has approved IndusInd Bank’s request to form an executive committee to discharge the duties and responsibilities of the chief executive officer (CEO) for a period of maximum three months or till a new CEO
Amid the ongoing controversy in Maharashtra over Ola Electric stores operating without a trade certificate, sources at the Bengaluru-based electric two-wheeler manufacturer said the company is currently transitioning from a centralised warehouse model to a retail-focused approach. Photograph: Courtesy, Ola
Indian airlines are likely to face additional weekly expenses of Rs 77 crore for international flights operated from north Indian cities as the airspace curbs result in increased fuel consumption and longer flight duration. Photograph: Air India Express on Facebook
Equity benchmark indices Sensex and Nifty ended flat in a highly volatile trade on Wednesday after two days of rally amid growing concern over geopolitical tensions and selling in Bajaj twins. Photograph: Shailesh Andrade/Reuters Sustained foreign fund inflows, however, restricted
A court in Mumbai has issued a non-bailable warrant against diamantaire Mehul Choksi in the Canara Bank-led consortium loan fraud case involving about Rs 55 crore. Photograph: ANI Photo Choksi, a prime accused in the multi-million dollar Punjab National Bank
IndusInd Bank MD and CEO Sumant Kathpalia on Tuesday resigned with immediate effect, taking moral responsibility of accounting lapses in the derivatives portfolio, having financial implication of Rs 1,960 crore to the bank. Photograph: Anushree Fadnavis/Reuters This comes a day
