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July 2018
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Congress to set up group on alliances: Rahul        Prepare To Fight 2019 Alone, Amit Shah Tells BJP On Rift With Shiv Sena        Money laundering scam: Zardari declared absconder by FIA        Afghan vice president Dostum escapes blast on return from exile        Sri Lanka close in on whitewash of S. Africa        Hamilton regains title lead after stunning German win        Fakhar Zaman becomes first Pakistani to hit ODI double ton        Govt slashes GST rate on several products        Third party insurance for two, four-wheeler be made mandatory: Supreme Court        Supreme Court stays Madras HC order awarding extra marks to NEET Tamil candidates        Trump invites Putin to White House in the fall        Zimbabwe vs Pakistan: Fakhar Zaman scores double century in record partnership with Imam-ul-Haq to breeze past hosts        Modi Govt Gets AIADMK Boost as No-Trust Vote Turns Into Show of Strength for 2019        IOC adds 7 medal events to 2022 Beijing Winter Games program        Indian outplay New Zealand 4-2 in hockey series opener        Samsung, Xiaomi corner 60 pc share of India's smartphone mkt in Q2: Canalys        Indo-Pacific must be free, open and and inclusive region: Swaraj        Indian man shot dead in Canada, two suspects arrested        Trump says looking forward to 'second meeting' with Putin        Mob-lynching cases: Govt asks WhatsApp for solutions beyond labelling forwards        
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Business News
INFOSYS Q2: PAT at Rs 3,726 cr, FY18 revenue guidance cut
 
(Mumbai, Oct 24, 2017):Non-Executive Chairman, Infosys Nandan Nilekani addresses a press conference at Infosys campus in Bengaluru. BS photo by Saggere Radhakrishna

The country's second-largest software services firm, Infosys, reported its September quarter numbers post market hours today.

During the quarter under review, profit after tax came in at Rs 3,762 crore, as compared to Rs 3,483 crore in the previous quarter. Revenue at Rs 17,567 crore during the quarter was 2.9% higher as compared to Rs 17,078 crore (q-o-q).

Revenue of the Bengaluru-based firm grew 1.4 per cent to Rs 17,567 crore in the September quarter of the current fiscal, as against Rs 17,310 crore in the year-ago period.

The company lowered its revenue growth forecast for 2017 -18 to the 5.5-6.5 per cent range, from the earlier 6.5-8.5 per cent in constant currency.

"During the quarter, we responded quickly to the management and Board changes through proactive communication with all stakeholders minimising any negative impact to the business and allowing us to deliver growth across all our large industry units," Infosys Interim CEO and Managing Director UB Pravin Rao said in a statement.

On a sequential basis, the company's net profit rose 6.9 per cent and revenues by 2.8 per cent in rupee terms.

The Infosys board, under new chairman Nandan Nilekani, gave clean chit to Panaya acquisition, saying there was no wrongdoing.

"After careful consideration led by our Chairman, the Board reaffirms the previous findings of external investigations that there is no merit to the allegations of wrongdoing," the statement said.

The earnings for this quarter holds significance as this will be the first result announcement after co-founder Nandan Nilekani took charge as the company's new non-executive chairman after the sudden resignation of then CEO Vishal Sikka and the exit of four board members, including then chairman R Seshasayee.


Third party insurance for two, four-wheeler be made mandatory: Supreme Court
Samsung, Xiaomi corner 60 pc share of India's smartphone mkt in Q2: Canalys
Indo-Pacific must be free, open and and inclusive region: Swaraj
Govt working on another verison of UDAN, says Sinha
Talks on between India, Singapore for cruise tourism: Gadkari
Govt doubles import duty on over 50 textile products
Walmart partners with Microsoft for cloud solutions
Niti Aayog working on proposal to replace LPG subsidy with cooking subsidy: Kumar
May announces new 2 bn pounds UK-Italian fighter jet project
Mukesh Ambani beats Alibaba's Jack Ma to become richest man in Asia
Rupee up 19 paise against dollar ahead of key macro data release
Sensex rallies 400 pts to hit record high; RIL shares surge 5%
US dollar ends cheaper against rupee
BSNL starts first internet telephony service in India
Silver futures harden by 0.19% on global cues
Passenger vehicle sales rise 38% in June; car sales up 34%
DoT clears Idea-Vodafone merger with conditions
Goyal asks Coal India to ensure supply for power sector
Higher MSP may have inflation, fiscal costs: Report
Modi govt needs to shed 'obsession' with economic growth: Jean Dreze
KERALA NEWS
Kerala among 13 states on thunderstorm alert
 (New Delhi, May 7, 2018): Thunderstorms accompanied by squall, hail and heavy rains are likel  
Kerala Karshaka Jadha Opens to a Great Beginning / Video
Malappuram press club attack: RSS workers nabbed
Workers injured in mudslide at construction site
INTERNATIONAL NEWS
Money laundering scam: Zardari declared absconder by FIA
 (Karachi, July 22, 2018):Former Pakistan President Asif Ali Zardari and his sister Faryal Tal
Afghan vice president Dostum escapes blast on return from exile
Trump invites Putin to White House in the fall
Indian man shot dead in Canada, two suspects arrested
NATIONAL NEWS
Prepare To Fight 2019 Alone, Amit Shah Tells BJP On Rift With Shiv Sena
 (Mumbai, July 22, 2018):BJP president Amit Shah told party workers in Mumbai today that they
Supreme Court stays Madras HC order awarding extra marks to NEET Tamil candidates
Mob-lynching cases: Govt asks WhatsApp for solutions beyond labelling forwards
Unidentified 'intruder' killed at Indo-Pak border: official
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