Haripriya Sureban

India

Correspondent at NDTV Profit

I stay on my phone all the fuckin time. Also, I write stuff @CoinpediaNews

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Articles

India-UK FTA: Indian IT's Operations Cost To Reduce With Employee Mobility Easing

1 week ago | ndtvprofit.com | Haripriya Sureban

The India-UK Free Trade Agreement is set to benefit the Indian IT services sector by easing worker mobility, allowing companies to deploy talent more efficiently in the UK. This will reduce operational costs and improve competitiveness in the market. With the agreement, India stands to benefit in services such as IT/ITeS, financial services, professional services, other business services and educational services.
Evera Initiates Repossession Of 500 EV Cabs From BluSmart, Aims To Expand Footprint In Delhi-NCR

1 week ago | ndtvprofit.com | Haripriya Sureban

Evera Cabs (Prakriti Mobility) has initiated the repossession of 500 electric cabs formerly operated by BluSmart, following the latter’s operational suspension in key metros. Evera Cabs has reclaimed 220 vehicles and the remaining 180 are set to be reclaimed in the coming days. Evera’s repossession of BluSmart’s cabs through its lenders is part of a multi-stage strategic plan to reinforce its footprint in Delhi-NCR’s high-demand airport cab sector.
TCS Cuts Variable Pay For Senior Employees For Third Straight Quarter

1 week ago | ndtvprofit.com | Haripriya Sureban

Tata Consultancy Services Ltd. has cut variable pay for its senior employees for the third consecutive quarter, according to two persons aware of the matter.The development comes as the IT industry at large has been delaying issuing variable payouts amid no significant margin growth. Variable pay is a performance-linked incentive, paid out on a quarterly basis, depending on the employee and organisation's performance in the specific ...
CDSL Q4 Results: Net Profit Dips 22.4% To Rs 100 Crore, Revenue Dips 4.3%

1 week ago | ndtvprofit.com | Haripriya Sureban

Revenue of Central Depository Services (India) dipped by 4.3% to Rs 256 crore on a year-on-year (YoY) basis in the quarter ended March 31, 2025, according to an exchange filing on Saturday. Net profit for the quarter stood at Rs100 crore, a dip of 22.4% on a year-on-year(YoY) basis, from Rs129 crore recorded in Q4FY24.
SBI Targets 25,000 Crore Fundraising During 2025-26

1 week ago | ndtvprofit.com | Haripriya Sureban

The State Bank Of India plans to raise up to Rs 25,000 crore in equity capital during 2025-26. The fundraise will be conducted through qualified institutional placement, follow-on public offer or any other permitted route or in combination. SBI saw its net profit decline but net interest income grow in the final quarter of Fiscal 2025, even as asset quality improved.
Ikea Plans To Open Smaller Stores Across Markets

2 weeks ago | ndtvprofit.com | Haripriya Sureban

Swedish home furnishing retailer Ikea has launched a plan and order point in Bengaluru, its first such store in India. The retailer, in a bid to further expand in the country, aims to open more smaller stores across its market areas of Mumbai, Hyderabad, Bengaluru, Chennai, Delhi and Pune. PaOPs are smaller stores dedicated to kitchen, bedroom and living room planning along with home furnishing advice and expertise to help design spaces.
Infosys Lets Go Of 195 More Trainees, 250 Trainees Opt For Upskilling

2 weeks ago | ndtvprofit.com | Haripriya Sureban

Infosys Ltd. has let go of 195 more trainees, after a training assessment test, emails sent to laid off employees show. Earlier in April, the IT major let go of 240 more trainees, and in March it had let go of about 300 employees. This is the third round of layoff after conducting assessment tests.
Google To Establish Centre In Visakhapatnam Soon: Chandrababu Naidu

2 weeks ago | ndtvprofit.com | Haripriya Sureban

Google’s entry into Visakhapatnam with its new facility being established will position the state as a destination for knowledge economy, Andhra Pradesh Chief Minister N Chandrababu Naidu said on Monday. "Very soon, Google will come to Vizag. World data will be handled from here. So, the analytics will happen here and AI will be used to transmit it to the world.
Tech Mahindra Q4 Results: Net Profit Rises Nealy 19%, Beats Estimates

3 weeks ago | ndtvprofit.com | Haripriya Sureban

Tech Mahindra Ltd.'s net profit surged nearly 19% in the final quarter of fiscal year 2025, beating the estimates shared by analysts. The IT services firm logged a consolidated bottom-line of Rs 1,167 crore, which surpassed the consensus estimate of Rs 1,084 crore of the analysts tracked by Bloomberg. The company posted a revenue of Rs 13,384 crore in the quarter ended March 31, according to an exchange filing on Thursday. Analysts tracked by Bloomberg had a consensus estimate of Rs 13,460 crore.
Tech Mahindra Q4 Results Preview: Profit Likely To Rise 10%, Margin To Be Flat

3 weeks ago | ndtvprofit.com | Haripriya Sureban

Nuvama expects a 0.7% sequential decline in constant currency terms and 1.5% decline in dollar terms with benefit of reversal of furloughs and Comviva seasonality will be offset by headwinds in hi-tech and few low-margin deal closures. "Margins shall remain flat QoQ, despite wage hike. We shall watch out for the management comments on the FY27 revenue and margin guidance, and their progress on it," it noted.