Business Economy


Tech Mahindra Q4 net profit surges 77 pc to Rs 1,167 cr

New Delhi, Apr 24 (UNI) Tech Mahindra on Thursday reported a 77 per cent surge in consolidated net profit to Rs 1,167 crore for the quarter ended March 31, 2025, as against Rs 661 crore in the corresponding period last year.
The Mahindra group IT major had posted a net profit of Rs 983.2 crore in the preceding December quarter.
The company's revenue from operations rose 4 per cent to Rs 13,384 crore in the fourth quarter of FY25, compared to Rs 12,871 crore in the year-ago period.
Declaring its financial results, the company's board also approved a final dividend of Rs 30 per share for FY25.
"This year, we laid a strong foundation for our transformation journey. Through strategic investments in our people, leadership, and capabilities, we have positioned ourselves to accelerate our strategic roadmap."
"Our deal wins at $2.7 billion, reflect a 42 per cent year-on-year increase and are a clear validation of the depth of our client partnership,” said Mohit Joshi, Chief Executive Officer of Tech Mahindra.
Shares of Tech Mahindra ended 0.49 per cent higher at Rs 1,446.6 apiece on the National Stock Exchange on Thursday. UNI BDN SSP
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CIHL receives RBI approval for sale and change in control of CIFL's stake

22 May 2025 | 12:38 AM

Mumbai, May 21 ( UNI) Capital India Finance Limited, a Middle Layer Non-Banking Financial Company (NBFC), announce that its material subsidiary, Capital India Home Loans Ltd. has received approval from Reserve Bank of India for its acquisition and change in control to Weaver Services Pvt. Ltd.

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LinkedIn launches AI-powered job search

21 May 2025 | 5:26 PM

Bengaluru, May 21 (UNI) In a move aimed at transforming the way professionals search for jobs, LinkedIn on Wednesday launched an AI-powered job discovery feature to help users articulate their career aspirations in their own words—even if they are unsure of job titles or industry classifications.

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Rupee drops 8 paise against USD

21 May 2025 | 5:19 PM

Mumbai, May 21 (UNI)The Rupee on Wednesday lost another 8 paise to close at 85.68 against USD on brisk demand for US Dollar from foreign banks and importers, dealers at the Forex Market said.

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Kottayam-Kochi rubber market rates

21 May 2025 | 4:37 PM

Kottayam, May 21(UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal
Kottayam
RSS FOUR: 19650
RSS FIVE : 19350
ISNR TWENTY: 17200
SIXTY PERCENT LATEX: 14475
Kochi

RSS FOUR : 19650
RSS FIVE : 19350
International rates (Bangkok)
RSS One : 20039
RSS Two : 19884
RSS Three: 19743
RSS Four : 19665
RSS Five : 19549
Kualalumpur
SMR TWENTY : 15207($177.95)
SIXTY PERCENT LATEX : 12551($146.85)
UNI PA BD.

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Sensex jumps 410 19 pts

Sensex jumps 410 19 pts

21 May 2025 | 4:15 PM

Mumbai, May 21 (UNI) Snapping a losing streak of last three sessions, the BSE Sensex on Wednesday bounced back 410.19 pts to close at 81,596.63 following gains in Realty, Telecommunications and Industrials stocks despite weak global cues.

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