Its total income declined to Rs 1,225.22 crore from Rs 1,169.52 crore in the January-March period of FY22.
While the company's total expenses rose to Rs 1,128.59 crore as against Rs 986.27 crore a year ago.
The company has also approved an interim dividend of Rs 30 per equity share for the financial year 2022-23.
"We continue to maintain our focus on operational improvements and productivity enhancements, which led to growth.
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- Wadias may Seek IBC Rule Waiver to Bid for Go First
The Wadia Group, which owns Go First Airlines, could seek a waiver from the Insolvency and Bankruptcy Code (IBC) rules that bar promoters from bidding for their own companies because the cash-strapped carrier’s account with banks is still marked as standard, said people with knowledge of the matter.
No Big-Bang Rejig; Will Rationalise Costs and ReinvestThe newly inducted chief of Cognizant Ravi Kumar S has a clear brief. The 48-year-old has been tasked with reviving the fortunes of the US-based software exporter that has grown slower than peers and seen an exodus of senior leaders. It is a challenge that Kumar is betting the firm can overcome with its “entrepreneurial spirit”.
D-Street Indices Climb to 2023 PeakIndia’s primary equity gauges surged nearly 1% Thursday to their highest this year, and to within a touching distance of all-time records, as Mumbai shrugged off the weakness evident in Europe and parts of Asia over continued uncertainty surrounding the US Federal Reserve's future interest-rate trajectory.
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