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HCLTech Q2 revenue up 2.2%, narrows FY27 guidance

MUMBAI: HCLTech’s dollar revenue rose to $3.7 billion in the Sept quarter, up 2% sequentially and 2.2% year-on-year. In constant currency terms, revenue grew 2.3% sequentially and 2.6% year on year. EBIT margin expanded 131 basis points sequentially and 71 basis points year-on-year to 18.2%.The company’s services business grew 3% sequentially, generating more than $100...
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Rupee gains 96 paise as RBI curbs begin to take effect

MUMBAI: The rupee rose 96 paise to 95.77 per dollar on Monday after fresh measures to curb dollar demand and speculative positions, even as banks sought relaxation of the new foreign exchange restrictions, more time for compliance and clarity on operational issues. The currency has weakened around 6.5% this year.The recovery may prove temporary unless...
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PERM certifications at 13 IT companies fell to 607 in 9 months from 1,670 in FY25

BENGALURU: IT firms had shrugged off concerns over their dependence on the US green-card route well before the US administration announced the suspension of PERM processing, with certified applications already declining sharply.Thirteen major IT services companies recorded 607 certified permanent labour certification (PERM) applications in the first nine months of FY26, compared with 1,670 in...
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Economic settlement not resolved: Mallika, Lakshmi

CHENNAI: Lakshmi Venu and Mallika Srinivasan have said the economic settlement within the Venu Srinivasan (VS) family remains unresolved, disputing suggestions that a division of assets has been completed.In a joint statement issued amid recent media reports, Lakshmi Venu and Mallika Srinivasan, daughter and wife of Venu Srinivasan, respectively, said no agreement on the division...
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Centre, states to work on widening GST base

Union finance minister Nirmala Sitharaman with Jammu and Kashmir chief minister Omar Abdullah, Haryana chief minister Nayab Singh Saini, Karnataka chief minister DK Shivakumar, Delhi chief minister Rekha Gupta, state finance ministers and other dignitaries during the 57th Goods and Services Tax (GST) Council Meeting NEW DELHI: With GST rate rationalisation and procedural simplification out...
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