Tech Mahindra’s profit slumps 60%; domestic infra boost strengthens Tata Steel’s earnings

The performance dip was particularly pronounced in the communications and media sector for Tech Mahindra—which accounts for a significant chunk of revenue. Tata Steel, meanwhile, saw a good quarter dampened by international weakness.

24 January, 20241 min
0
Tech Mahindra’s profit slumps 60%; domestic infra boost strengthens Tata Steel’s earnings

You may also like

Business
Story image

Ola Electric’s cash position looks worrying

Its business in a rut, the Bhavish Aggarwal-led firm has burnt through over Rs 1,000 crore in the first six months of the current fiscal. A fundraise is now critical.

Business
Story image

Bira shareholders plan an EGM to oust the founder

A management shakeup may be in the works at the beleaguered beer brand, as investors and lenders want to remove founder Ankur Jain and his family from the board.

Business
Story image

India Inc reports bleak Q2 results on Tuesday

Losses widen for IndiGo and MobiKwik. Adani Enterprises and Indian Hotels Company see their profit dips.