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Infosys was expected to pull ahead of Cognizant this year in the revenue sweepstakes, building on the 15% annual growth logged over past two years, but a pronounced tempering in sales guidance by India’s second-biggest software exporter will likely allow its Nasdaq-listed rival to widen the gap. While Infosys clocked $18.2 billion for the fiscal year-ended 2023,Cognizant reported a revenue of $19.4 billion for calendar year 2022. According to ET’s calculations, the New Jersey-based firm’s revenue for the comparable FY23 period too came in at $19.4 billion.

(Reuters) — Lyft (NASDAQ:LYFT) forecast third-quarter revenue and adjusted core profit above estimates on Tuesday, as it bets on cost cuts and a post-pandemic rebound in ride-sharing demand to cushion the impact of a price war with bigger rival Uber (NYSE:UBER).

Maruti Suzuki emerged as the largest seller of sport utility vehicles (SUVs) in the local market last month with three of the company's new launches — Fronx, Brezza and Grand Vitara — featuring among the top 10 models sold in the segment in July. The country's largest passenger vehicle maker raced ahead of home grown automaker Mahindra & Mahindra in the fast-growing segment with sales of 42,620 units last month. Mahindra sold 36,205 units, while Hyundai Motor India was next at 32,991 units.

Yuvraj Singh played a crucial role in India's 2011 World Cup campaign, and as the next marquee event is just two months away, he weighed in on Team India's chances and what could undermine the campaign of the Rohit Sharma-led team. Showing his support for India captain Rohit Sharma, the former mercurial all-rounder said that it always takes a quality team to win any ICC tournament. He had all praise for Sharma but also cautioned that injuries midway through the tournament could seriously dent India's chances of lifting the 2023 World Cup at home.

The trade deficit contracted 4.1% to $65.5 billion, the Commerce Department said on Tuesday. Data for May was revised to show the trade gap narrowing to $68.3 billion instead of $69.0 billion as previously reported.

New Delhi: With an aim to deepen bilateral trade and economic ties, India and Vietnam on Tuesday convened the 5th meeting of the India-Vietnam Joint Trade Sub-Commission (JTSC) , the ministry of commerce & industry said. This meeting was held after a gap of more than four years on account of the covid-19 pandemic and other factors.

Nifty on Tuesday ended about 26 points lower to form a small-bodied bearish candle with a long lower shadow on the daily chart. The pattern indicates that buying was visible at base but momentum and follow-up was missing. Now it has to hold above 19560 zones for an up move towards 19700 and 19800 zones whereas supports are placed at 19500 and 19420 zones, said Chandan Taparia of Motilal Oswal.

Small-cap stock below Re 1: Visagar Financial Services shares have been uptrend since early morning deals. Visagar Financial Services share price today opened upside and went on to hit intraday high of ₹1.13 apiece levels on BSE, logging 5 per cent upper circuit within few minutes of stock market opening bell today. Visagar Financial Services is in news after the small-cap company informed Indian stock market bourses about its plan to foray in media sector.

Emami share price witnessed a gap up opening backed by strong volumes on Tuesday's trade. Emami share price today surged over 9% following company's positve Q1 results that surpassed street's estimates. Emami share price opened at ₹463.75 apiece on BSE.

private credit business, filling a void left by banks and non-bank lenders and mirroring a pick-up in activity across Asia. Private credit funds typically invest in debt or hybrid securities of unrated and lower-rated companies.Kotak Alternate Assets Managers (KAAM), Edelweiss Alternatives Asset Advisors, InCred Alternative Investments and Vivriti Asset Management are all looking to increase the size of such funds or raise new funds, officials at these firms said.

Havells India Ltd. traded at Rs 1327.55 on BSE at 11:16AM (IST) on Tuesday, up 0.63 per cent. The stock quoted a 52-week low price of Rs 1092.0 and a high of Rs 1408.0.

₹20,000 crore per year, NDTV has reported. This study was conducted by MN Sreehari, a traffic expert and his team. They look over issues in the city related to road planning, flyover, traffic management and infrastructural deficit.

Tata Power Company Ltd. traded at Rs 235.0 on BSE at 10:35AM (IST) on Tuesday, up 1.02 per cent. The stock quoted a 52-week low price of Rs 182.45 and a high of Rs 251.0.

India in recent months has barred domestic manufacturers of military drones from using components made in China over concerns about security vulnerabilities, according to four defence and industry officials and documents reviewed by Reuters. The measure comes amid tensions between the nuclear-armed neighbours and as New Delhi pursues a military modernisation that envisages greater use of unmanned quadcopters, long-endurance systems and other autonomous platforms.

Indian stock market is expected to open on flat amid mixed global cues. The trends on Gift Nifty also indicate a tepid opening for the Indian benchmark index. The Gift Nifty was trading 0.12% lower at 19,657.

Coforge would harness burgeoning global demand for artificial intelligence (AI) solutions to underpin its journey into the top tier of Indian outsourcing industry, seeking to double its annual revenue from the just-reached billion-dollar milestone and pull ahead of competition in a crowded mid-market. “We think AI represents a massive opportunity for us,” CEO and executive director Sudhir Singh told ET in an interview. “We need to transform into being an actual AI-first organisation, because the journey from two to five (billion) or two to ten (billion) becomes that much faster then,” he said.

HDFC Bank, Axis Bank and Kotak Mahindra Bank have recorded an attrition of between 34% and 50%, large PSBs like State Bank of India, Bank of Baroda (BoB), Punjab National Bank (PNB) and Canara Bank have reported an attrition of less than 5% as they are seen as more stable employers.SBI, India's largest mass lender, said its attrition including resignations, retirements and VRS was a mere 3% on an employee base of 250,000. Chairman Dinesh Khara told ET that an elaborate recruitment process and regular training and development are some of the reasons PSBs can retain talent.«People who sign for a PSB job have usually made up their minds to serve because they go through an elaborate recruitment process which is not the case in private sector banks.

Vedanta Resources' move to sell stake in its Indian-listed subsidiary Vedanta Ltd is credit positive but not enough to keep the rating outlook stable, analysts at S&P Global Ratings said. The rating agency downgraded the outlook for Vedanta Resources Ltd (VRL) to 'negative' from 'stable' to factor in heightened refinancing risk as the company's access to cash flow from its operating subsidiaries has weakened while external financial conditions, too, have become challenging.

electric vehicle parts, barring EV batteries, to overall auto components supplies to 2.7%, compared to 1% in FY22. India’s EV component sales are dominated by electric two- and three-wheelers, with electric passenger vehicles (four-wheelers) representing just 1.0-1.5% of total EV sales. The auto components segment has been growing at a compound annual growth rate (CAGR) of 4.1% over the last five years.

₹8,480 crore. When it was inaugurated on 12 March, a lot of the social media chatter was about its scale and impact—it cut down travel time between the two cities to just 75 minutes, from over three hours earlier. A couple of months later, the buzz on social media changed course—those using the highway grew increasingly critical.