Intel Corporation announces significant layoffs and restructuring plans aimed at achieving $10 billion in savings by 2025. The American semiconductor giant, Intel Corporation, has revealed a substantial workforce reduction of approximately 15%, which will affect nearly 15,000 employees. This bold move is part of Intel’s broader cost-cutting strategy to enhance efficiency and market competitiveness. The […]
IDFC FIRST Bank has announced its financial results for the first quarter of FY25, highlighting a significant 30.2% increase in core operating profit year-on-year (YOY). Despite this impressive growth, the bank’s Profit After Tax (PAT) saw a decline due to increased provisions related to the Joint Liability Group (JLG) business, which was adversely impacted by […]
Punjab & Sind Bank has reported impressive financial results for the first quarter of FY25, ending June 30, 2024. The bank has showcased considerable growth across various metrics, underscoring its robust financial health and strategic focus on expanding its customer base and product offerings. Strong Growth in Business and Deposits The bank’s total business saw […]
Schaeffler India Limited (BSE: 505790, NSE: SCHAEFFLER), a key player in the motion technology sector, has unveiled its financial results for the second quarter and the first half of the fiscal year 2024. The company’s performance underscores significant growth and solid financial health, reflecting a positive trajectory for the remainder of the year. Second Quarter […]
Quickstep Holdings Limited (ASX: QHL) has announced a strong performance for the fourth quarter of fiscal year 2024, marking significant milestones in its restructuring efforts, production achievements, and strategic contracts. Financial and Operational Highlights for Q4 FY24 Quickstep Holdings reported a notable increase in full-year group revenue, reaching AUD 99 million (unaudited), surpassing the previously […]
Zensar Technologies, a prominent player in experience engineering and technology solutions, has announced robust financial results for the first quarter of fiscal year 2024-2025, showcasing significant growth across multiple business verticals. For the quarter ending June 30, 2024, Zensar Technologies reported a revenue of $154.4 million, reflecting a sequential growth of 4.2% in reported currency […]
Coforge Limited, listed on the National Stock Exchange of India (NSE) under the ticker COFORGE, reported a substantial increase in its financial performance for the first quarter of FY25. The company’s revenue for the quarter reached INR 24,008 million (approximately US$ 291.4 million), reflecting an 8.1% year-over-year increase in Indian Rupee terms and a 7.2% […]
The Board of Directors of RBL Bank Limited approved the unaudited financial results for the quarter ending June 30, 2024, in a meeting held on July 20, 2024. The results reveal robust growth across multiple financial metrics, highlighting the bank’s strong performance. RBL Bank’s operating profit increased by 33% year-on-year (YoY), reaching ₹859 crore. The […]
Poonawalla Fincorp Limited, a leading non-deposit taking systemically important non-banking financial company (ND-SI-NBFC) specializing in consumer and MSME finance, today unveiled its unaudited financial results for the first quarter ended June 30, 2024. Demonstrating robust growth, the company reported a significant 52% year-over-year increase in Assets Under Management (AUM), which now stands at ₹26,972 crore. […]
Netweb Technologies India Limited, a front-runner in India’s High-End Computing Solutions (HCS) sector, revealed its first-quarter financial results for FY25, showcasing remarkable growth and strategic expansions. The announcement came after a board meeting on July 20, 2024, where the unaudited financial results were officially recorded. The company reported a total income of ₹1,532 million in […]