IT services company Infosys on Thursday posted a 30% YoY growth in its consolidated net profit at Rs 7,969 crore for the quarter ended March 2024. The same was at Rs 6,128 crore in the same quarter of last year.Revenue from operations in the fourth quarter stood at Rs 37,923 crore, up 1% from Rs 37,441 crore clocked in the previous year's quarter. Infosys announces final dividend of Rs 20 & special dividend of Rs 8The Bengaluru-based software major forecast that its constant currency revenue...
India's leading software exporter Tata Consultancy Services (TCS) on Friday reported a consolidated net profit of Rs 12,434 crore in the fourth quarter. It was up 9% from Rs 11,392 crore a year ago.Revenue from operations increased by a marginal 3.5% year-on-year (YoY) to Rs 61,237 crore. The Board has also recommended a final dividend of Rs 28 per share.On a sequential basis, profit after tax jumped 12%, compared with Rs 11,058 crore clocked in the preceding December quarter. Revenues were up...
BofA is among the large lenders, including rival JPMorgan, that are weighing the potential for the U.S. Federal Reserve to cut interest rates this year. The move could crimp banks' income from interest payments, but could potentially spur economy activity and borrower demand. BofA's net interest income (NII) -- the difference between what it earns on loans and pays for deposits -- slid 3% to $14 billion in the quarter due to higher deposit costs and modest loan growth.
M&T Bank posted a 25% drop in first-quarter profit on Monday as higher deposit costs reduced its interest income, and a turmoil in the commercial real estate (CRE) industry prompted it to set aside more rainy-day funds. Regional lenders have had to pay higher interest rates on deposits to prevent customers from fleeing to higher-yielding alternatives, such as money market funds. Buffalo, New York-based M&T Bank's net interest income - the difference between what a bank earns on loans and pays...
BATON ROUGE - No. 18 LSU Baseball fell 8-6 to No. 7 Vanderbilt Friday night at Alex Box Stadium, evening their series with the Commodores.LSU started the game 1-0 with a home run from Tommy White in the first before the game went back-and-forth. Eventually, Vanderbilt took the lead with a two-run homer in the eighth and never looked back.Vanderbilt furthered their lead with an RBI single in the ninth inning, resulting in the final score of 8-6.White scored two home runs with three RBIs,...
NEW YORK (AP) — Bank of America said its first-quarter profits fell 18%, as the bank dealt with rising expenses due to the impact of higher interest rates. But the results beat analysts’ esti
Johnson & Johnson’s stock fell 0.4% early Tuesday, after the healthcare company posted better-than-expected profit for the first quarter but sales that fell
The Rockies were on the cusp of the most incredible comeback since Rocky Balboa decked Clubber Lang.
The Nittany Lions only have two conference games remaining and will need to find their game again to earn meaningful seeding in the Big Ten Tournament.
By Kosaku Narioka Tata Consultancy Services is scheduled to report fourth-quarter results on Friday. Here is what you need to know: NET PROFIT: Tata
Drivers in Texas saw a 7-cent increase in gas prices with an average of $3.29/gallon of regular unleaded fuel however the increase marked a 7-cent decrease when compared to this day last year on Thursday, according to the AAA Texas Weekend Gas Watch.
Auto retails in March registered a growth of 3.14 per cent on a year-on-year basis even as passenger vehicles, commercial vehicles and tractors saw a decline, Federation of Automobile Dealers