Here are the top stories this evening:
TCS Q1 net profit jumps 5% YoY to Rs 9,478 crore
IT services major Tata Consultancy Services (TCS) on July 8 said its consolidated net profit for the quarter ended June 2022 increased 5.21 percent to Rs 9,478 crore, compared to Rs 9,008 crore in the same quarter last year. Sequentially, the profit declined by 4.51 percent.
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TCS attrition rises to 19.7% in Q1FY23
IT services firm Tata Consultancy Services saw attrition for the Q1FY23 come in at 19.7 percent on a last twelve-month basis, which is the highest in the last six quarters. It is up from 17.4 percent in Q4FY22. TCS added 14,136 employees in the first quarter of FY23, taking its headcount to over 6 lakh.
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Former Japan PM Shinzo Abe dies hours after being shot at election rally
Japan's former prime minister Shinzo Abe, who was the country's longest-serving head of state, died on July 8, hours after being shot at an election rally, hospital officials said. The gun bullets had "penetrated his heart", officials of the Nara Medical University hospital, where he was rushed to following the attack, were reported as saying by NHK World in a press briefing following Abe's demise.
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Corbevax, Covaxin get NTAGI approval for use in children between 5 and 12
The Standing Technical Sub-Committee (STSC) of the National Technical Advisory Group on Immunisation (NTAGI) has recommended the use of Biological E manufactured Corbevax and Bharat Biotech's Covaxin for children aged 5-12 years, according to official sources. This decision was taken in the 42nd STSC-NTAGI meet held on June 16, according to the minutes accessed by Moneycontrol.
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Mahindra & Mahindra joins EV investment drive with a Rs 1,925-crore kitty
The electric vehicle market, which recorded a spate of investments over the last few months, saw Mahindra and Mahindra announce the incorporation of an electric vehicle subsidiary ‘EVCo’ in collaboration with British International Invest Plc (BII).
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Centre directs edible oil associations to reduce prices by Rs 15/litre
The Centre in a July 6 meeting directed leading edible oil associations to cut prices of edible oils by Rs 15 per litre with immediate effect, following the recent easing of imported edible oil prices.
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Rohini Bhatia resigns from IndiGo board
Interglobe Aviation, the operator of IndiGo Airline, informed on July 8 that Rohini Bhatia has resigned from the Board of Directors of the company, with effect from July 11, 2022.
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