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Business Round-Up In India For The Weekend July 25


This week's business was largely dominated by corporate results. Globally, also it was the earnings season. Here is a quick look at the business news round-up from India.

Infosys surprises with Q1 numbers

Business Round-Up In India For The Weekend July 25
Infosys numbers pleasantly surprised analysts and its guidance was also robust. Infosys reported revenue growth of 7 per cent (quarter-on-quarter). This was the highest in 15 quarters. The volume growth was the highest in 19 quarters.

Infosys reported revenue growth of 7 per cent (quarter-on-quarter). This was the highest in 15 quarters.

Read results of Infosys here

Wipro numbers disappoint

Wipro's numbers lagged estimates and the share price fell sharply on Friday. Wipro reported a four per cent growth in net profits for the quarter ending June 30, 2015 at Rs 2,188 crore, which was broadly in line with expectations.

IDFC gets banking license

IDFC will become yet another private sector bank after the company got license from the Reserve Bank of India. IDFC and Bandhan were the two institutions that got nod from the country's central bank to set up a bank.

SpiceJet Offers Air-Tickets On EMIs

SpiceJet offered its customers a convenient post-paid scheme, which allows a flier to make the ticket payment in equated monthly installments (EMIs) at an interest rates as low as 12-14 per cent.

Read more here

Lupin numbers disappoint

The quarterly results of Lupin were a big drag and the company's comments were also not encouraging. The company said that growth could be muted given the delay in US FDA approvals.

Read more about: infosys lupin wipro news idfc spicejet
Story first published: Saturday, July 25, 2015, 9:17 [IST]
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