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Health food brand Anveshan has successfully raised Rs 48 crore in funding, with contributions from Wipro Consumer Care Ventures among other investors. This investment marks a significant step for the brand as it seeks to expand its presence in the health food market.
Infosys is enhancing its global capability centre (GCC) practice by appointing Deval Shah as the new GCC leader. The company aims to capitalize on the rapidly expanding GCC market, focusing on multi-year transformation deals and support for existing centres, as highlighted in an internal note. Recent wins include a significant contract with Lufthansa to establish a GCC in Bengaluru, further solidifying Infosys's commitment to technology transformation in the banking and airline sectors.
Wipro added 614 employees in Q4 of FY25, marking a slight recovery from a previous decline of 1,157 in the prior quarter. For the full fiscal year, the workforce increased by 708, bringing the total to 233,346, down from 234,054 the previous year.
Wipro reported a net profit of Rs 3,570 crore for Q4 FY2025, marking a 26% increase from Rs 2,835 crore a year earlier, surpassing estimates of Rs 3,290 crore. Revenue from operations rose 1% YoY to Rs 22,504 crore, while IT services revenue declined 1.2% QoQ and 2.3% YoY to $2,596.5 million.
Morgan Stanley advises against buying dips in Indian IT services stocks, citing a challenging macroeconomic environment and potential revenue growth delays. The firm forecasts disappointing fiscal year 2026 revenue for major IT companies, with weak fourth-quarter trends expected. It prefers Tata Consultancy Services over Infosys and Tech Mahindra over HCL Technologies, emphasizing the need for caution amid ongoing economic uncertainties.
Goldman Sachs has cut target prices for Indian IT stocks by 3% to 32% due to lower revenue growth forecasts linked to US macroeconomic uncertainty, which significantly impacts India's IT sector. The firm downgraded LTIMindtree to 'Neutral' due to its high exposure to discretionary spending and premium valuations, while Tata Consultancy Services is viewed more favorably due to its diversified revenue and margin visibility. Analysts warn that a prolonged economic downturn could lead to project cancellations and further strain on the IT sector.
Voler Cars, a profitable and debt-free employee transportation service provider, is set to go public, emphasizing financial transparency and sustainable growth. With a fleet of 2,500 pooled cars and partnerships with Fortune 500 clients, the company aims for 30% annual growth while maintaining an asset-light model to adapt to market trends. Key targets include expanding into new cities and enhancing technology for operational excellence.
Voler Cars, a profitable and debt-free employee transportation service provider, is set to go public, emphasizing financial transparency and sustainable growth. With a scalable, asset-light model and a strong client base including Fortune 500 companies, Voler aims for 30% annual growth while expanding into new cities and enhancing technology. The company maintains a 70%+ cab occupancy rate through intelligent routing, differentiating itself from competitors by focusing exclusively on B2B services.
Elon Musk recently discussed his various roles and the developments in DOGE, while Vikas Parasrampuria of Voler Cars highlighted the company's asset-light model and growth strategy. Voler, a leading employee transportation service, aims for 30% YoY growth and plans to expand into new cities while maintaining a debt-free status and strong cash reserves. The company differentiates itself from competitors by focusing exclusively on B2B services, ensuring high service uptime and operational efficiency.
Voler Cars, a profitable and debt-free employee transportation service provider, is set to go public, emphasizing financial transparency and sustainable growth. With a fleet of 2,500 pooled cars and a focus on corporate clients, the company aims for 30% annual growth while maintaining an asset-light model to adapt to market trends. Key clients include Fortune 500 companies, and Voler plans to expand into new cities and enhance technology for operational excellence.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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