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Used car startup Spinny lays off 300 as it merges two platforms

The Tiger Global-backed start-up merged its two platforms- Truebil and Max- with its main platform. This move will impact 4.5% of its total workforce.

04 Aug 2023

'Risky bets' make Zomato profitable in Q1

Blinkit, its quick commerce business, also turned Contribution positive for the first time.

03 Aug 2023

Cognizant reports $4.9 billion revenue in Q2; CFO to retire in 2024

Cognizant, which follows the calendar year, saw bookings growth of 17% y-o-y in the June quarter.

03 Aug 2023

The big data rush

Nasscom says India has a huge potential to take a large share of global data centre investments with annual investments reaching $6-$8 billion by 2025.

28 Jul 2023

Dunzo likely to fire 200 in third round of layoff

This is the third round of layoffs in which about 200 employees are likely to be fired.

22 Jul 2023

Trends that dominate space tech industry

Space technology has emerged as the hot favourite of many Indians after the historic launch of Chandrayaan-3 last week.

21 Jul 2023

Infosys Q1 net profit up 11%; slashes revenue guidance

The company's revenue for the quarter grew 10% y-o-y at Rs 37,933 crore.

20 Jul 2023

Hiring to stay muted in IT companies; focus on upskilling talents

Analysts say these indicate that IT firms face a challenging demand environment.

15 Jul 2023

AI appreciation day: The artificial future

Every year, July 16 is celebrated as Artificial Intelligence Appreciation Day.

14 Jul 2023

Wipro net profit rises 12% to Rs 2,870 cr, misses estimates

The company’s revenue for the June quarter stood at Rs 22,831 crore, a 6% increase compared to Rs 21,528.6 crore in the year-ago period.

14 Jul 2023

Wipro Q1 net profit rises by 12 percent to Rs 2,870 crore

The company's income from operations for the June quarter stood at Rs 22,831 crore, a 6% increase compared to Rs 21,528.6 crore in the year-ago period.

13 Jul 2023

TCS net profit up 17 per cent, beats estimates

Net profit at Rs 11,074 crore as against analysts’ prediction of about Rs 10,890 crore; sequentially profit down 2.8%.

13 Jul 2023

TCS Q1 net profit up 17 percent at Rs 11,074 crore; revenue at Rs 59,381 crore

The country's largest IT services company Tata Consultancy Services (TCS) on Wednesday reported a 16.8% increase in its net profit for the quarter ended June, while revenue rose 12.6%

12 Jul 2023