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Wipro reported a 7% year-on-year decline in net profit to ₹3,119 crore for the December quarter, even as revenue grew 6% to ₹23,556 crore. Despite soft deal bookings and continued pricing pressure, operating margins improved to 17.6%. The company announced an interim dividend of ₹6 per share, offering relief to investors amid cautious growth guidance for the next quarter.
Air India, IndiGo, and SpiceJet reported disruptions to international flights due to Iran’s sudden airspace closure amid protests against Supreme Leader Ayatollah Khamenei and escalating tensions with the United States.
Infosys reported mixed Q3 performance with a slight year-on-year profit decline despite solid revenue growth. Higher costs from new labour codes and strategic investments impacted margins, reflecting near-term pressure on profitability. However, strong large-deal wins and steady constant-currency growth underline Infosys’ long-term resilience and demand strength, positioning it competitively ahead
TCS reported a net reduction of 11,151 employees in the third quarter of fiscal year 2026, bringing its total workforce to 582,163 from 593,314 in the previous quarter. This decline follows a larger drop of 19,755 employees in Q2 FY26 and aligns with ongoing restructuring efforts, including role rationalization and about 1,800 exits tied to earlier initiatives.
PIPDIC reported that in the first International Reverse Buyer Seller Meet (RBSM) held in Puducherry, 50 Memorandums of Understanding (MoUs) valued at ₹15 crore were finalized with buyers from 16 countries.
