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MILAN (Reuters) -Revenue and operating profit grew at Stellantis in the first half to beat estimates, with CEO Carlos Tavares saying the automaker would have to accelerate cost cutting to keep profitability strong in a more challenging pricing environment. The world's third largest automaker by sales said on Wednesday its January-June adjusted earnings before interest and tax (EBIT) rose 11% to 14.1 billion euros ($15.6 billion), topping the 12.1 billion expected by analysts in a Reuters poll. New CFO Natalie Knight, who took the job this month, said pricing power was still the main dri...

The consolidated net profit for the quarter ending June 30 stood at Rs 693 crore, missing analyst expectations amid challenging macroeconomic conditions and spending cuts by clients.

Despite the positive results, the Polycab India’s earnings growth could be tempered in FY24 due to higher advertising and promotion expenses

- Revenues: 1,699.7 million euro with growth of +11.7% compared with first quarter 2022 (organic variation +12% excluding forex effect of -0.3%)  - Price/Mix: +15.1% thanks to price increases and improved mix  - High value position strengthened with growth in Car ≥18’’ of +4.9% compared with market’s +2.6%  - Adjusted ebit: 248.1 million...

Just in January, Infosys had raised its FY23 CC revenue growth guidance to 16-16.5% from 15-16% earlier. But evidently, the scenario didn’t pan out as expected with the company missing its guidance after clocking 15.4% CC revenue growth.