The significant mining company Vedanta (VEDL), a division of Vedanta Resources (VRL), with its headquarters in London, intends to raise Rs 8,500 crore through a variety of channels, such as rights issues in one or more tranches and public offers. In a stock exchange report, Vedanta stated that the Anil Agarwal-led company has also recommended…
Infosys exceeded market expectations by reporting a net profit increase of 11.1% year over year for the quarter that ended September 30 at Rs. 6,021 crores. Sequentially, profits increased 12.3% over the previous quarter’s Rs.5,360 crores. The large IT company disclosed a share buyback for Rs.9,300 crore. Operations’ revenue reached Rs.36,538 crores, up 23.4% year…
Tata Consultancy Services’ earnings increased 8.3% to Rs.10,465 crores in the second quarter of 2022-23, up from Rs.9,624 crore the previous year. “In terms of profitability, we crossed Rs.10,000 crore for the first time ever,” said TCS CEO Rajesh Gopinathan. Profit increased 10% sequentially from Rs. 9,478 crores in the first quarter of FY23. Revenue from…
