Infosys' constant currency revenue growth guidance of 6-8% year-on-year (y-o-y) for FY19 was on expected lines. The marginal beat can be ascribed to a weaker exit in 4Q (0.6% CC) than our expectation (1.5% CC). This implies that the compounded quarterly growth rate (CQGR) will be better if the guidance is met.

To meet its guidance range of 6-8% y-o-y constant currency (CC) revenue growth in FY19, Infosys will have to clock a CQGR of 1.8-2.5% in the next year.

Prime Minister Narendra Modi on Saturday inaugurated the first Health and Wellness Centre in Chhattisgarh’s restive Bijapur district to mark the launch of first phase of national Ayushman Bharat Yojana.

Under the Ayushman Bharat Yojana, the government aims to set up 150000 wellness centres by 2022 that will leverage on comprehensive primary health care for preventive, promotive and curative care.

NEW DELHI: The Central Bureau of Investigation has registered a case against former Chairman-cum-Managing Director (CMD) of UCO Bank – Arun Kaul and two private companies – Era Engineering Infra India Ltd (EEIL) and Altius Finserve Pvt Ltd and their directors and few chartered accountants for allegedly cheating the public sector bank of Rs 621 crore.

The US has decided to review India’s eligibility to enjoy duty-free access for certain products in the American market under a tax benefit scheme.

As many as 3,500 Indian products from sectors such as chemicals and engineering get duty-free access to the US market under the Generalized System of Preferences (GSP), introduced in 1976.

The one-day strike called by the four central trade unions of Coal India Ltd on April 16 against the government move of allowing commercial coal mining, has been withdrawn due to lack of cohesion among themselves, a union leader today said. Coal India officials too confirmed that the strike has been called off. The four central trade unions of CITU, BMS, HMS and AITUC had served the strike notice on March 14.

Mobile payments app Paytm is open to any kind of regulation, including one that the telecom regulator may want to bring in, to ensure that data of its consumers is safe and secure, its founder said, breaking away from the crowd of app makers, most of which have expressed their reservation against any regulation.

NÉW DELHI: Microsoft is investigating the methods partner KPMG uses to crack down on the illegal use of its software in India, after a complaint from a senior member of the BJP, documents seen by Reuters showed.

India is one of the US technology firm’s biggest markets in Asia, yet over half of all software installed on computers in the country is unlicensed, advocacy group Business Software Alliance said in 2016.

Gold Coast, Australia, Apr. 14 (AP): Mary Kom is back on the international stage in boxing.

The mother of three and now politician in India made a successful return to the ring at a major multi-sports event on Saturday. She beat Kristina O'Hara of Northern Ireland in a 5-0 unanimous decision in the gold medal match in the 45-48 kilogram division at the Commonwealth Games.

Mahindra & Mahindra (M&M) on Friday said it will be launching its luxury electric car brand, Automobili Pininfarina, in Europe, with the first hypercar scheduled for 2020. In a release, the company said the brand will “design, engineer and manufacture high technology, extreme performance, luxury EVs for the most discerning global customers”

Hinduja Group flagship Ashok Leyland, the largest suppliers of mobility solutions to the Indian Army, has won another critical order from the ministry of defence (MoD). The contract is for supplying Ashok Leyland’s High Mobility 10×10 vehicles (HMV 10×10,) which have been fully developed in India. This order will end a long search by the Indian Army, which has been looking for HMV 10x10s to carry the Smerch rockets. This initial order is worth over Rs 100 crore, the company said in a release in Chennai on Friday.

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