The downturn in profits comes alongside a decrease in revenue from operations YoY, which dropped by 7 per cent from Rs 1,402 crore in Q4FY23 to Rs 1,301 crore in Q4FY24
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With insights from industry stalwarts and analysts, the intricate relationship between monetary policy and fintech innovation comes to the forefront, unveiling both challenges and opportunities in this dynamic landscape
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Under the terms of the five-year agreement, around 300 engineers from FORVIA’s facilities in Augsburg, Germany and Bangalore, will join LTTS
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The company’s revenue for the quarter also saw a rise, growing by 29 per cent YoY to reach Rs 13,178 crore, compared to Rs 10,173.7 crore in the previous year
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The report also calls for governments and the private sector to scale solutions and ensure that technology transformation is inclusive
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The five-year deal will see the deployment of the HCL Unica platform to revolutionise SBI’s customer interaction landscape by introducing hyper-personalised communication across its digital marketing channels
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HCLTech maintained a stable net income, reporting Rs 3,986 crore, a minimal YoY increase of 0.1 per cent but experiencing a quarter-over-quarter (QoQ) decline of 8.4 per cent
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The IT player’s decision comes at a time when many of its peers are shying away from disclosing precise hiring targets amidst uncertainty and challenging market conditions
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During an analyst call, Joshi detailed initiatives aimed at revitalising the company’s growth trajectory and optimising operational efficiencies
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The company’s consolidated revenue also witnessed a fall, a decrease of 6.2 percent YoY to Rs 12,871 crore, slightly below analyst estimates of Rs 12,926 crore
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