Thu, Feb 4, 2021 12:55 PM
Cognizant reports 2.3% YoY dip in revenue in December quarter
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CrowdStrike Holdings' stock has increased by 320% since its IPO in 2009, with an average annual return of 40%. Despite a recent 28% drop, the company's growth potential remains strong, with a total addressable market for cybersecurity solutions estimated at $1.5 trillion to $2 trillion. With a strong customer base, including 62 of the Fortune 100, and solid financials.
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Life Insurance Corporation (LIC) of India has appealed against a tax order demanding Rs 7,217.63 crore in GST, Rs 7,760.96 crore in interest, and Rs 721.87 crore in penalty for FY 2018-19. This follows an earlier notice of Rs 178 crore for short payment of GST for two financial years. The appeal was filed with the Joint Commissioner of State Tax, Mumbai.
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ITC plans to invest Rs 20,000 crore over the next five years to enhance competitiveness and prepare for future opportunities. The capital allocation plan includes 35-40% for FMCG, 35% for paper boards and packaging, and the rest for other businesses. The investment will also fund a new greenfield site for paper boards and packaging, expanding the business in a modular fashion.
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