MUMBAI: Medi Assist Healthcare Services reported a sharp drop in profit for the quarter ended September 30, 2025, even as revenue rose strongly, as acquisition and investment costs weighed on earnings. Profit for the period fell 61.6% to Rs. 8.1 crore from Rs. 21 crore a year earlier. Profit before tax from continuing operations declined…
India’s information technology (IT) services sector is showing tentative signs of demand stabilisation, even as visibility into calendar year 2026 remains uncertain, according to a report by Goldman Sachs.The report highlighted that major IT firms reported sequential revenue growth in the latest quarter, with the sector expanding 1.5 per cent quarter-on-quarter. “While there are early…
IT services major Wipro on Thursday reported a marginal increase in its consolidated net profit to Rs 3,246.2 crore for the July-September quarter, up from Rs 3,208.8 crore in the year-ago period, according to a regulatory filing with stock exchanges.Revenue from operations for the quarter rose 1.7 per cent to Rs 22,697.3 crore, compared with…
The US move to impose higher fees on H-1B visas is expected to impact Indian IT majors’ operating margins by just 0.20 per cent, according to Crisil Intelligence, an arm of a domestic rating agency.“The US decision to impose a $100,000 fee on new H-1B visas for foreign workers will snip just 10-20 basis points…
The Indian apparel export sector has seen its outlook revised from Stable to Negative by rating agency ICRA, following an upward revision in US tariff rates, a move expected to dent export revenues in the coming fiscal.As per news agency ANI, ICRA stated, “Lower exports and pressure on pricing [are likely] to contract industry operating…