Mumbai, Jan 15 (IANS) Stock broking firm Angel One Limited on Thursday reported a 4 per cent year-on-year (YoY) decline in its consolidated net profit to Rs 269 crore for the third quarter (Q3 FY26). Along with the results, the company’s board approved an interim dividend of Rs 23 per share and a stock split in the ratio of 1:10, according to its stock exchange filing.The company’s revenue for the quarter rose 5.8 per cent year-on-year to Rs 1,334.8 crore, compared with Rs 1,262.2 crore in t…
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Mumbai, Jan 15 (IANS) L&T Technology Services (LTTS) on Thursday reported a 6 per cent year-on-year (YoY) decline in its consolidated net profit for the third quarter of FY26 (Q3 FY26).The mid-tier IT services company posted a net profit of Rs 303 crore for the quarter ended December 31, as compared to Rs 322 crore in the same period last financial year (Q3 FY25).On a sequential basis, profit slipped 8 per cent from Rs 329 crore in the previous quarter (Q2FY26), according to its stock exchan…
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…
Mumbai, Jan 12 (IANS) HCL Technologies, the country’s third-largest IT services company, on Monday reported 11.14 per cent decline year-on-year (YoY) decline in its financial results for the quarter ended December (Q3 FY26) after-market hours.According to the stock exchange filing, the net profit for the 3rd quarter stood at Rs 4,082 crore, down from Rs 4,594 crore in the same quarter previous financial year (Q3 FY25).The drop was mainly due to a one-time cost of Rs 956 crore linked to new lab…
Mumbai, Jan 12 (IANS) India’s largest IT services company, Tata Consultancy Services (TCS), on Monday reported a 13.9 per cent year-on-year (YoY) fall in its consolidated profit for the third quarter of the current financial year (Q3 FY26).The IT firm’s consolidated net profit declined to Rs 10,720 crore, compared to Rs 12,444 crore in the same quarter last financial year (Q3 FY25), according to an exchange filing.On a quarter-on-quarter basis, profit dropped 11.6 per cent from Rs 12,131 cro…
Seoul, Jan 9 (IANS) LG Electronics on Friday said it turned to an operating loss from a year earlier in the fourth quarter, amid an overall contraction in demand caused by US tariffs.Operating loss in the October-December period came to 109.4 billion won (US$75.2 million), shifting from a profit of 135.4 billion won a year earlier, the company said in a regulatory filing.The performance missed Yonhap Infomax’s projection of an operating profit of 20.5 billion won, reports Yonhap news agency.Reve…
Patna, Jan 5 (IANS) The Bihar government has intensified its crackdown on illegal sand and stone mining, launching a comprehensive state-wide enforcement campaign in December last year. During the month-long drive, the Mines and Geology Department conducted raids at 4,582 locations across the state against illegal mining, transportation, and storage activities.As part of the action, authorities seized 574 vehicles, registered 248 FIRs, and made multiple arrests, dealing a major blow to the minin…
New Delhi, Jan 1 (IANS) Despite the steep cut in GST rates, a growth of over 6 per cent in gross monthly collection in December is encouraging, industry experts said on Thursday.India’s GST (goods and services tax) collection recorded a 6.1 per cent increase to Rs 1,74,550 crore in December 2025 compared to Rs 1,64,556 crore the same month of the previous year, reflecting the increase in economic activity during the month.“If this momentum continues for the remaining months of this fiscal, t…
New Delhi, Dec 26 (IANS) Coforge on Friday announced that it will acquire US-based engineering services firm Encora in a $2.35-billion all-stock deal, marking one of the largest transactions in India’s IT services space.The acquisition will be carried out through a share swap, under which Coforge will issue 93.8 million equity shares priced at Rs 1,815.91 each.This values the non-cash transaction at around Rs 17,032 crore. After the deal, Encora’s shareholders will own about 21.25 per cent o…
Thiruvananthapuram, Dec 26 (IANS) The Kerala State Beverages Corporation (BEVCO) recorded a sharp surge in liquor sales during the Christmas week, with revenues touching a record Rs 332.62 crore, according to official figures. The Christmas week sales are calculated for the four days from December 22 to December 25, and officials said this year witnessed a significant jump compared to previous years.Data shows a 19 per cent increase in sales over the corresponding period last year, underlining a…