Mumbai, Jan 20 (IANS) Early results from India Inc’s December quarter showed a muted earnings season as one‑time charges tied to the new labour code and other transitional costs weighed on profits, industry analysts said.About 10 Nifty 50 firms have reported their results so far, mostly IT companies and few banks. Analysts said there were no upside surprises in the results, with most companies delivering mixed results or falling short of expectations.A major drag on corporate earnings was th…
Latest Labour Code News & Updates
Mumbai, Jan 14 (IANS) IT major Infosys on Wednesday reported a decline in its consolidated net profit for the October–December quarter (Q3 FY26), mainly due to the impact of the Indian government’s recent Labour Code norms.Infosys said its consolidated net profit fell 2.2 per cent year-on-year (YoY) to Rs 6,666 crore in the third quarter, compared with Rs 6,822 crore in the same period last financial year (Q3 FY25).On a quarter-on-quarter (QoQ) basis, profit dropped sharply by nearly 9.6 per…