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TCS is poised to report a modest sequential revenue increase in dollar terms for the September quarter, following a prior decline. However, operating margins and net profit are anticipated to weaken due to lower employee utilization and the impact of partial salary hikes. Investors will be closely watching for insights into the deal pipeline and future outlook.
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Speaking to reporters on the sidelines of the Global Fintech Fest here on Wednesday, the Sebi chief likened the planned upgrade in the password systems to Y2K, when computer systems had to be updated from two-digit to four-digit years to avoid failures.
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News and Media
Canara Robeco Asset Management Company is set to raise 1,326 crore via an offer for sale, reducing its promoter stake to 75%. The equity-driven fund house, with 92% of assets in equity schemes, faces earnings sensitivity to market volatility. Despite a lower profit margin than peers, its IPO valuation is positioned for long-term, high-risk investors.
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