Tata Consultancy Services (TCS) on Friday reported robust numbers both for the fourth quarter of 2018-19 and the full financial year, with the country’s largest IT services company crossing the $20-billion revenue mark for the first time. Growth in net profit as well as revenue exceeded Street expectations, though margin contracted a bit in the fourth quarter.

For the quarter ended March 31, TCS reported Rs 8,126 crore in net profit, a jump of 17.7 per cent over the corresponding quarter last year. Revenue, at Rs 38,010 crore, saw an increase of 18.5 per cent on a year-on-year (y-o-y) basis. When compared with the trailing quarter, net profit was almost flat, while revenue grew 1.8 per cent.

Jet Airways, started by Naresh Goyal more than 25 years ago, seems to be on the brink of closure as the lenders’ consortium, led by State Bank of India, has so far failed to infuse the committed interim fund of Rs 1,500 crore to revive the airline.

The crisis, resulting in the suspension of Jet’s international flights at least till Monday, grounding of around 90 per cent of its planes and a protest march by the employees of the airline, is learnt to have prompted the Prime Minister’s Office (PMO) to call a meeting with officials in the civil aviation ministry Friday evening.

Congress, which is betting big on the prized state of Uttar Pradesh for its revival and turnaround in electoral fortunes, is preparing a manifesto exclusively for the state.

The 'mini-manifesto' would address various burning socio-economic issues in UP, which accounts for 80 Lok Sabha seats and is key to the formation of any government at the Centre.

Indian Prime Minister Narendra Modi's ruling alliance will win a thin majority in a general election that starts on Thursday, an average of four opinion polls showed, with a focus on national security appearing to trump concerns over jobs and farm prices.

The coalition led by Modi's Hindu nationalist Bharatiya Janata Party (BJP) is expected to win 273 of the 543 parliament seats at stake, one more than the halfway mark required to rule.

YES Bank shares rose 4 per cent to Rs 270 in intra-day trade on the BSE on Tuesday after the private lender announced fundraising plan by way of issuance of equity shares.

The board of directors of the bank is scheduled to meet on April 26, 2019 to consider raising of funds by way of issuance of equity shares including but not limited through preferential issue and/or Qualified Institutions Placement (QIP)/ Global Depository Receipts (GDRs)/ American Depository Receipts (ADRs)/ Foreign Currency Convertible Bonds (FCCBs)/ or any other methods on private placement basis, YES Bank said in a BSE filing.

The CBI Tuesday opposed in the Supreme Court the bail plea of RJD supremo Lalu Prasad Yadav, who is serving jail term in connection with fodder scam cases, saying he is likely to indulge in political activities ahead of Lok Sabha polls.

The CBI, which sought nod from a bench headed by Chief Justice Ranjan Gogoi to file its response to the bail plea of Yadav, said the RJD leader is likely to get involved in political activities and misuse the grant of bail ahead of upcoming Lok Sabha polls.

Asian Paints shares were trading lower for the third straight day, down 4 per cent, at Rs 1,440 in intra-day trade on Tuesday due to higher crude oil prices, one of the key raw materials in paint manufacturing.

Meanwhile, in a regulatory filing, Asian Paints said that a fire broke out at the company's paint manufacturing facility in Vishakhapatnam, Andhra Pradesh, on Tuesday afternoon.

India retained its position as the world's top recipient of remittances with its diaspora sending a whopping$ 79 billion back home in 2018, the World Bank said in a report Monday.

India was followed by China ($ 67 billion), Mexico ($ 36 billion), the Philippines ($ 34 billion), and Egypt ($ 29 billion), the global lender said.With this, India has retained its top spot on remittances, according to the latest edition of the World Bank's Migration and Development Brief.

The Election Commission has called the revenue secretary and chairman, Central Board of Direct Taxes on Tuesday to discuss ongoing income tax raids.

Revenue Secretary A B Pandey and CBDT Chairman P C Mody have been called to explain the raids amid allegations by the Congress that the ruling BJP was using enforcement agencies to target it during the poll season.

Infosys shares hit a new high of Rs 774, up 1 per cent, on the BSE in early morning trade on Tuesday ahead of its January-March quarter (Q4FY19) results on Friday. The stock has surpassed its previous high of Rs 771 touched on February 8, 2019, in intra-day trade.

In the past three weeks, Infosys has outperformed the market by gaining 9 per cent, after the IT major commenced buyback offer on March 20. In comparison, the benchmark S&P BSE Sensex was up 2 per cent and the sector index S&P BSE IT index was up 6 per cent during the same period.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.