Thu, Jan 16, 2025 5:41 PM
Pine Labs-owned Setu names Vijeth Pandit chief product officer
A Flip by Shubhangi Gupta
After reported better-than-expected earnings for the October-December quarter, Infosys CEO Salil Parekh, said that the information technology major's large deals pipeline was going strong, with the underlying sentiment surrounding client's IT spending turning positive. Infosys reported a large deal Total Contract Value (TCV) of $2.5 billion for Q3, with 63 percent being net new.
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December retail sales data showed the US economy ended 2024 growing at a solid pace amid questions over how quickly the Federal Reserve will cut interest rates. The control group in Thursday's release, which excludes several volatile categories and factors into the gross domestic product (GDP) reading for the quarter, increased by 0.7%, above economists' estimates for 0.4% sales growth.
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Axis Bank's Q3FY25 results fell short of expectations due to rising slippages and modest growth in credit and deposits, with management anticipating subdued growth until FY26 due to a tough economic environment. The bank will focus on strengthening asset quality and building a solid deposit base rather than chasing aggressive growth targets.
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