Cognizant to lay off 3500 employees, expects 2023 revenue to decline marginally
Cognizant has kicked off its NextGen program in the second quarter of 2023. As a part of the plan it will be?laying off?3,500 employees in corporate non-billable functions or roughly 1 per cent of the workforce. The company will also be realigning office space and giving up close to 11 million square feet of office space in top tied cities in India.
Titan share price soars nearly 1% after Q4FY23 net profit jumps 50%; Should you buy, sell or hold Titan stock?
Titan share price rose 0.83% to Rs 2,676.1 today after the company recommended a dividend of Rs 10 per equity share and reported a 50% jump in its standalone net profit to Rs 734 crore for the quarter ended March 2023 against a net profit of Rs 491 crore in the year-ago period. The revenue from operations rose 25% to Rs 8,753 crore in the quarter under review from Rs 6,977 crore in the previous year. Titan’s jewellery division jumped 24% to Rs 7,576 crore in the March quarter and the watches and wearables segment recorded a revenue of Rs 871 crore, up 40%, backed by strong growth in the analog watches segment and a multi-fold increase in wearables. Titan shares have risen 6% in the past one month and over 17% in the last one year.
Nifty may consolidate in near term, support placed at 17900; Birlasoft, Hindustan Copper among top stocks to buy
After showing consistent up moves in the last six sessions, Nifty shifted into a minor profit-booking mode on Wednesday and closed the day lower by 57 points. A small negative candle was formed on the daily chart with a minor lower shadow. Technically, this pattern indicates a short-term reversal in the market after a rise of 6 sessions. The smaller decline at the highs could signal a lack of sharp selling participation in the market. The bullish sequence of higher tops and bottoms is intact and Tuesday’s high of 18180 levels could now be considered as a new higher top of the sequence.?
10 things parents must teach their kids before taking an education loan
Higher education is getting expensive and education loans are a hope for many students who wish to achieve their goals of studying at prestigious institutions. Parents put in their heart and soul to ensure their kids go to the best of the best institutions after completion of their school education.
Parents run from pillar to post to ensure they get funds required for their children’s education. However, students must also learn something from their parents before they embark on their journey to study in reputed colleges and institutions.
Here are 10 things your children must know before you plan to borrow funds for their higher studies.
India hosts SCO, Council of Foreign Ministers meet on May 5
India as the host of Shanghai Cooperation Organisation (SCO) council of foreign ministers (CFM) meeting in Goa is expected to focus on countering terrorism, the situation of women and girls under Taliban in Afghanistan, regional security, and radicalization.?Also the key focus at the meeting on Friday will include state of multilateral cooperation, and the progress of admitting Iran & Belarus as full members of the grouping.
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Adani Enterprises’ share price jumps 4% ahead of results today; first earnings report after Hindenburg bomb
The share price of Adani Group’s flagship firm Adani Enterprises gained up to 4% today to touch Rs 1,912.7 per equity share ahead of the earnings results announcement for the quarter ended March. Adani Enterprises’ shares have seen heightened volatility over the past few months as a result of the controversial Hindenburg Research report. The report – alleging that the Group and leader, Gautam Adani willingly manipulated stock prices, misled investors and misused shell corporations – was disseminated on 24 January.
Meet Acharya Balkrishna, the man behind Baba Ramdev’s Patanjali Ayurved; Know his net worth, lifestyle & more
Acharya Balkrishna is chairman and CEO of the consumer goods company Patanjali Ayurved. He is the right-hand man to yoga guru Baba Ramdev. He derives his fortune from consumer goods giant Patanjali Ayurved. The billionaire owns the bulk of the privately held Patanjali.
How Rekha, Rakesh Jhunjhunwala stake in favourite stock Titan fell sharply since 2016, rose again last FY
Rakesh Jhunjhunwala, also known as the ‘Big Bull’, made a wise investment in Tata Group’s Titan in FY 2003, buying shares for just Rs 40 each. This investment proved to be a success, with Jhunjhunwala and his wife, Rekha Jhunjhunwala, owning as much as 8.75% of the company’s shares by March 2016. However, Trendlyne data shows that Jhunjhunwala had been gradually reducing their stake in the company, and his family’s combined shareholding fell to 5.05% by the end of the 2021-2022 financial year.
Working around the clock? Here’s how it is taking a toll on you
In today’s fast-paced world, work and career have become a priority and unfortunately, due to this other essential aspects including health has taken a back seat. Several studies have pointed out that a healthy work-life balance can not only positively influence mental and physical health, it can also enhance productivity and overall life satisfaction.
Ola, Ather rival Hero Vida cuts prices by up to Rs 25,000
Hero MotoCorp is the latest company to slash the prices of its electric scooter range. The entry-level Vida V1 Plus is now cheaper by Rs 25,000 while the top-of-the-line Vida V1 Pro’s price is cut by Rs 19,000.?
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