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'Momentum we saw in Q1 will be maintained in Q2'

For LTI Mindtree, the first quarter performance for FY25 came in stronger at 5 per cent year-on-year (Y-o-Y). Importantly, the company's revenue from banking, financial services and insurance (BFSI) grew 2.9 per cent sequentially, and the US, which has been slow for several large peers, was up 6.4 per cent Y-o-Y and 4.4 per cent sequentially. DEBASHIS CHATTERJEE, chief executive officer and managing director of LTIMindtree, in a video interview with Shivani Shinde after the results, talks about the growth drivers. Excerpts

Infy may hire 20K freshers in FY25

Recruitment to be both on- and off-campus

Byju's moves NCLAT against NCLT order, seeks urgent hearing

Cash-strapped Byju's has moved the National Company Law Appellate Tribunal (NCLAT) against the recent order of National Company Law Tribunal (NCLT), that allowed Indian cricket board's petition for initiating insolvency proceedings against the edtech company, sources said.

'Every silver lining has a cloud': RBI report as rise in veg prices halts disinflation

The sharp rise in vegetable prices in June has halted the process of disinflation towards the 4 per cent target, noted the Reserve Bank of India's (RBI's) monthly bulletin released on Thursday.

Infy tops profit estimates, lifts FY25 revenue forecast

Sees 7.1% rise in QI earnings, 100 bps improvement in margin to 21.1%

DIVIDEND CHAMPIONS TICKING ALL THE RIGHT BOXES

When it comes to investing money in equities, investors are largely focused on maximising capital returns on their investment.

Temper volatility in mid and smallcaps with multicap funds

Diversified equity portfolios tend to reward investors in the long term.

DMart gains on Q1 showing, hopes of rise in demand

Shares of Avenue Supermarts (DMart) have gained about 5 per cent over the past week on better than expected June quarter (Q1FY25) performance, hopes of a recovery in discretionary demand, and margin gains going ahead.

Volume outperformance factored into Bajaj Auto's valuations

Bajaj Auto reported steady results in Q1FY25, with revenue surging 16 per cent year-on-year (Y-o-Y), operating profit registering a growth of 24 per cent Yo-Y, and margins swelling 20.2 per cent.

Heatwave set consumer durables sales on fire in Q1

Listed consumer durable companies have outperformed benchmarks and the broader markets in the past year.

Vishal Mega Mart opts for confidential filing

Vishal Mega Mart (VMM) has taken the confidential filing route to submit its draft offer document with market regulator Securities and Exchange Board of India (Sebi).

Stock exchanges, other MIIs to soon face test on 8 parameters

Based on how they stack up, a rating is likely to be assigned to them

New asset class to foster innovation, raise competition

The new asset class proposed by the market regulator, which will fit in between mutual funds (MFS) and portfolio management services (PMS), will open up new business opportunities for domestic asset management companies (AMCs).

Needed: Fiscal policy reset

Government intervention during the pandemic seemed conscious of the fact tha India's fiscal position was not very strong at the beginning of the crisis

Cities need a defence against disasters

A sombre reminder of life's transience emerges A when one looks at the lifeless picture of a airport as the city floods due to heavy rainfall.

Trade winds

Tackling non-tariff barriers is crucial

Parochial economics

Karnataka's proposed job reservation law is regressive

Move over IT

Other business services emerge as India's new export star, which could outpace software and information technology with strategic support

Paris mayor swims in Seine to show it's safe for Olympics

Paris Mayor Anne Hidalgo swam in the Seine on Wednesday morning, seeking to show that the river was clean and ready for the 2024 Olympic and Paralympic Games that kick off later this month.

Musk to move X, SpaceX HQs to Texas from California

Elon Musk said the headquarters for X and SpaceX will both relocate to Texas, with the billionaire citing frustration over laws in California, where the companies are currently based.

Trump-Vance duo could herald new era for dollar

17 July Donald Trump's selection of Ohio Senator J D Vance to be his vice-presidential nominee pairs him with a kindred spirit on trade, taxes and a tough stance on China.

Google unveils latest AI technologies to support Indian developers

Tech giant Google on Wednesday unveiled a range of tools, programmes, and partnerships to empower Indian developers and startups to be at the forefront of the global artificial intelligence (AI) revolution.

Asian Paints profit fell 24.5% in Q1

Asian Paints' net profit fell 24.5 per cent in Q1FY25 due to weak demand owing to general elections and severe heatwaves, the company said.

Byju's may move NCLAT against insolvency order

Edtech company Byju's parent Think & Learn will challenge the National Company Law Tribunal's (NCLT's) order on insolvency proceedings and may approach the National Company Law Appellate Tribunal (NCLAT) in the next few days, a source claimed.

Naidu-Shah meet: Andhra's financial position in focus

Andhra Pradesh Chief Minister N Chandrababu Naidu met Union Home Minister Amit Shah during his two-day visit to the national capital.

UP BJP prez meets Modi as party looks to put house in order in state

Deputy CM's post on X sparks speculation; Adityanath meets guv

Maharashtra govt declares job training and stipend scheme

Maharashtra Chief Minister Eknath Shinde Wednesday announced a job training and stipend scheme for youth, tentatively named 'Ladka Bhau' Yojana, days after it introduced a monthly financial assistance scheme for eligible women.

Haryana announces 10% Agniveer quota in police, mining jobs

Haryana's Bharatiya Janata Party (BJP) government would give 10 per cent reservation to Agniveers in specific jobs, said Chief Minister Nayab Saini on Wednesday.

War of words over Karnataka Bill on local quota in pvt jobs

State govt succumbs to mounting criticism from industry

L&T Fin may resume retail bond issuance

Firm stepping up borrowing through commercial paper to make the most of soft interest rates