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Increased digital adoption and deal wins has helped the performance of the IT industry to bounce back in the July-September quarter. What has also benefited the margins of the top tier IT giants is the reduction of travel expenses of more than 70% year-on-year.
ET Market Watch: Sensex and Nifty slip amid Lok Sabha voting, high VIX
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… Read MoreHome First Finance to raise $75 million from US Development Finance CorporationThe company is in the final leg of getting all the regulatory approvals from the US for the fundraise. The lender's marginal cost of borrowing for the funds raised during the quarter to March 31, 2024 was 8.7%. The average co… Read MoreSRF Q4 Results: Net profit falls 25% to Rs 422 croreChemical firm SRF Ltd on Tuesday reported a 25 per cent decline in its net profit to Rs 422 crore for the quarter ended March 2024 on lower income. "The company's Profit After Tax (PAT) decreased 25 per cent from Rs 562 cro… Read MoreBandhan Bank in talks to raise $250-million debt from IFCThe Kolkata-based lender is now targeting to grow home loan business along with other retail loans while reducing the share of micro loans, which has been a major stress point for it since Covid-19. The bank had a stress pool… Read MoreET Market Watch: Sensex and Nifty end flat, HDFC & ICICI Bank slip
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