Thu, Jan 16, 2025 2:23 PM
Sun Pharma unit Taro to acquire 100% stake in Antibe Therapeutics
A Flip by Shubhangi Gupta
IT company Mastek Ltd on Thursday (January 16) reported a 27% year-on-year (YoY) increase in net profit at ₹95 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal, Mastek posted a net profit of ₹75 crore. The company's revenue from operations rose 11% to ₹870 crore against ₹784 crore in the year-ago quarter.
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Setu, the fintech infrastructure startup owned by Pine Labs, has announced the appointment of Vijeth Pandit as its chief product officer. Pandit, formerly the senior director of product management at Razorpay, played a pivotal role in scaling its core payments portfolio. Pandit's appointment comes 10 months after the firm appointed former SAP India executive Raisinghani as its CEO.
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Americans are growing concerned about sticky inflation, and President-elect Donald Trump needs to make sure that he doesn’t fan those anxieties with untimely tax cuts or tariffs that juice the costs of imports. The latest data suggest why it’s a particularly tricky time in inflation psychology. A report Wednesday showed that the consumer price index rose 0.39% in December.
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