IT sector growth expected to be muted in FY24, recovery likely from FY25, says ICICI Securities' Pankaj Pandey

Pankaj Pandey, Research Head - Retail Research at ICICI Securities says in an interview with Moneycontrol, "While growth in IT space is expected to be muted in FY24, recovery is likely from FY25 onwards. Deals ramp up may pick up in FY25 and bookings are likely to be strong on continued cost optimisation deals." ICICI Securities continues to remain positive on select large and midcap for a medium to long-term horizon, he says. Details here.

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Coal India March quarter net profit misses estimates, down 18%

State-owned Coal India Ltd's fourth-quarter net profit fell and missed estimates primarily due to increased provisions towards wages. Coal India reported a consolidated net profit of Rs 5,527.62 crore in the March quarter, down 17.7 percent from a year ago. Read more here.

India to become export hub for Skoda Auto from next year, says co-official

Czech car maker Skoda Auto has said India will become an export hub for the company as it is set to commence exports of vehicle kits for assembly in Vietnam from next year. The company, which posted a whopping 125 per cent year-on-year surge in its vehicle sales at 53,721 units in 2022, also sounded hopeful of growing into double-digit this year as well. Read more here.

2,380 fresh Covid cases in India, active cases drop to 27,212

India on Sunday logged 2,380 fresh COVID-19 infections, while the number of active cases came down to 27,212 from 30,041 the day before, according to Union health ministry data. With the fresh cases, the COVID-19 tally increased to 4.49 crore (4,49,69,630).2,380 fresh Covid cases in India, active cases drop to 27,212. Read more here.

Karnataka poll campaigning to end today

The high voltage campaign for the May 10 Assembly elections in Karnataka will come to an end on Monday as all three major political parties in the state -- BJP, Congress and JD(S) -- are busy making their last pitch to woo the voters. Read more here.

Why top chefs from Gary Mehigan to Massimo Bottura are making a beeline for India

Michelin-starred restaurant chefs - mostly marquee names from across the globe - are making their way to Indian cities like never before. Why the sudden influx? Read to find out.