Tata Consultancy Services
The company reported a higher profit at Rs 9,769 crore in Q3FY22 against Rs 9,624 crore in Q2FY22, revenue jumped to Rs 48,885 crore from Rs 46,867 crore QoQ. It also approved a buyback of 4 crore equity shares for up to Rs 18,000 crore, at a price of Rs 4,500 per share.
Federal Bank
The bank has received approval from its board of directors to raise up to Rs 700 crore by issuing bonds on a private placement basis.
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Infosys
The company reported a higher profit at Rs 5,809 crore in Q3FY22 against Rs 5,421 crore in Q2FY22, revenue rose to Rs 31,867 crore from Rs 29,602 crore QoQ.
Ashok Leyland
The company has partnered with Aidrivers for the development of artificial intelligence-enabled autonomous vehicles.
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Wipro
The company reported higher revenue at $2,639.7 million in Q3FY22 against $2,580 million in Q2FY22 and expects constant currency revenue growth at 2-4% for Q4FY22.
RailTel Corporation
The company is all set to create ‘edge data centres’ at Railway premises across 102 locations, especially Tier-2 and Tier-3 towns in the country.
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Tata Motors
JLR retail sales dropped 37.6% YoY to 80,126 units in October-December 2021, with China sales falling 6.9% and Europe sales down 6.8% QoQ.
Tech Mahindra
The company has entered into collaboration with Nokia, to drive 5G private wireless adoption globally.
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Kotak Mahindra Bank
The bank passed a resolution to cap promoters’ voting rights at 26%.
Lumax Industries
The company has commenced its commercial production, of electronic components for automotive, at its new manufacturing plant situated at Bawal, Haryana.
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PB Fintech
Paisabazaar has reached an annualised loan disbursal rate of $1.1 billion (excluding credit card issuance). In December 2021, the fintech disbursed around Rs 695 crore of loans, which included unsecured loans like personal and business loans and secured loans like home loans and loans against property.
L&T
L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of L&T, has secured two offshore mega contracts worth over Rs 7,000 crore.