BENGALURU: Infosys‘s shares surged nearly 9% in early trade on the NYSE on Thursday after it revised its revenue forecast upwards to 3-4% for FY25, up from the 1-3% it had projected in the March quarter. However, it has retained its operating margin guidance for FY25 at 20-22%.In the June quarter, Infosys achieved a 3.6%…
NEW DELHI: HDFC Bank posted smaller-than-expected quarterly (Q4) profit of Rs 16,511 crore for the January-March quarter (Q4) of the financial year 2023-24 (FY24) on Saturday. This marks a 0.84 per cent jump when compared to Rs 16,373 crore clocked in the previous quarter.However, the quarterly profit of the largest private lender is below analysts’…
NEW DELHI: Fast-moving consumer goods (FMCG) companies have reported single-digit volume growth with improved margins in most segments during December quarter, helped by moderating commodity inflation, though operating environment remained challenging. Some of the companies also reported a decline in their topline numbers, as they extended the benefits of softening commodity prices to the consumer…
