News from Pune Division
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Pune · PuneMid-tier IT services company Persistent Systems will be 'cautious' on campus hiring in the new fiscal on the back of the ease which it sees in getting the talent when the business requires, a top official has said. The company will prioritise growth over profitability at a time when macroeconomic uncertainties have dented demand for IT services, its chief executive Sandeep Kalra told PTI.On the hiring front, he said the company had made 700 offe…See the Story
Persistent Systems To Be ‘Cautious’ On Campus Hiring This Year, CEO Says
Economy · PuneNDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.Axis Securities ReportIn Q4 FY24, Persistent Systems Ltd. reported revenue of Rs 2,590 crore, up 3.4% QoQ and 3.0% QoQ (in constant currency …See the Story
Persistent Systems Q4 Results Review - Inline; Resilient Outlook To Aid Growth: Axis Securities
Pune · PuneEcozen, an agritech firm based in Pune, has raised $30 million, or about Rs 250 crore, in a combination of equity and debt. The funds were raised from existing investors, including Nuveen, with debt support by InCred Credit Fund and US International Development Finance Corporation through Ecozen’s advisor Setuka Partners, the company said in a statement.The company plans to utilise the funds to cater to the increasing demand for solar-powered ag…See the Story
Agritech Firm Ecozen Raises $30 Million From Nuveen, Others
Pune · PuneBajaj Auto Ltd.'s earnings surged by more than a third in the fourth quarter of fiscal 2024, on the back of higher sales and a richer product mix. While exports lagged, the domestic business more than made up for the shortfall. The company is slated to launch six models in the next few months as it looks to ride the Chetak wave.Net profit of the Pulsar-maker rose 35.11% over the year-ago period to Rs 1,936 crore in the quarter ended March 31, 20…See the Story
Bajaj Auto: New Launches, Exports Boost Could Increase Revenue In FY25
Pune · PuneShares of Persistent Systems fell over 7% to their lowest in over three months on Monday, even as it reported an inline fourth-quarter net profit. A brokerage note after the results said the stock was trading at a higher valuation than its peers.The company's net profit rose 10.20% to Rs 315.32 crore in the quarter ended March 2024, according to an exchange filing. A Bloomberg poll of analysts estimates the net profit at Rs 303 crore.Persistent …See the Story
Persistent Systems Shares Tumble Despite Inline Q4 Profit
Pune · PuneZoho CEO Sridhar Vembu, on Saturday, said that it is important to revere farmers and connect back with nature. In a post on X.com, Vembu said that people must respect farmers, as well as take care of soil and all its microorganisms. The CEO of the global software-as-a-service (SaaS) company said this amid reports that Singapore’s food regulator has recalled Indian manufacturer Everest’s fish curry masala as it showed high levels of the pesticide…See the Story
Revere Farmers Who Grow Our Food: Zoho's Sridhar Vembu
Pune · PuneAkshata Murty is due to receive a multimillion pound payout from the IT multinational co-founded by her father. But what is she really like? We revisit when the prime minister’s ‘secret weapon’ let Tatler peek through the Downing Street door for the February 2023 issue…See the Story
Inside the world of Akshata Murty – as it emerges she is in line for a £10.5 million payout from Infosys
Pune · PuneTechnology services provider ITC Infotech has announced the signing of an agreement to acquire 100% shareholding of Blazeclan Technologies Pvt., a cloud consulting company. The acquisition aims to strengthen ITC Infotech’s multi-cloud capabilities and help enterprises steer their digital transformation journey.Based in Pune, Blazeclan provides cloud services on AWS, Azure and GCP, with expertise in cloud migration, digital services, digital clou…See the Story
