Page 87 - Intelligence Group News Today

TikTok s e commerce arm struck a partnership with fintech platform Atome, part of Advance Intelligence Group, to expand its online retail push in Mala...

Infosys reported a minor rise in its sequential revenue in Q2 2021 due to an increase in the total contract value of new deals from the previous quarter. The company announced a mega deal worth $2 billion earlier in the same week which added to the healthy business momentum.

Local investors are also showing confidence in auto stocks like their foreign counterparts. The allocation to auto stocks in local funds rose to a multi-month high of 8.2% in June 2023, data compiled by Motilal Oswal show.

The company will also raise up to ₹425 crore through an offer for sale by the promoter group whose shareholding will fall to over 75% after the IPO from nearly 98%.

PHILIPPINE National Police (PNP) chief Gen. Benjamin Acorda Jr. on Saturday urged the five police officers implicated in a robbery-extortion of a computer shop in Sampaloc, Manila, to immediately surrender if they want to clear their names.

On an average, about 2.12 million new SIP accounts per month were opened over the past 12 months taking the cumulative addition to 26 million.

Poco: The executive said that its decision to bring only 5G smartphones in the Rs 12,000 and above category, coupled with a sharp focus on marketing, is fueling growth for the brand.

The management commentary by each of the companies reveals that the demand slack is on account of either a delay in decision making by clients or sporadic ramp downs in some of the projects. Going by the deal additions of TCS and HCLTech’s narrative of making up for the lost ground in subsequent quarters purports that the slowdown is of transient nature since clients continue to invest for the long term

With this, the share of 5G smartphones in the overall market is estimated to grow from 31% in Q2 2022 to 49% in Q2 2023, as per CMR.

Indias fourth-largest software exporter, Wipro, posted subdued Q2 results due to clients trimming budgets for discretionary projects. Revenue fell 1.6% to $2.7bn, and the companys Q3 revenue projections suggest the top line may fall a further 2% to $2.7bn or increase by up to 1% to $2.8bn.