In the December 2018 quarter, Mindtree had 340 active clients. Its headcount stood at 19,908 with trailing 12-month attrition at 13.4 per cent.
The board of the company approved a buyback of equity shares from the open market route amounting up to Rs 8,260 crore at a price not exceeding Rs 800 per share, the statement added. Infosys also announced a special dividend of Rs 4 per share.
Sweden’s Ericsson said it will book a 6.1 billion crown ($687 million) charge for the fourth quarter after a failed revamp of its loss-making Business Support System unit (BSS), as it seeks to protect its profitability targets.
A bench headed by Justice R F Nariman said concerned officials will be arrested and sent to jail if the apex court order of March 24, 2015 scrapping the provision of the IT Act is violated.
Last year, the actor-comic became the first Indian to have his own Netflix comedy show, "Abroad Understanding". His second, "Losing It", started streaming on the platform from December 11.
Delhi High Court said there is no urgency in the plea of Associated Journals Ltd (AJL), publisher of the National Herald newspaper, against the Centre's order asking it to vacate its premises here.
Healthy Italian banks will help to fill a 400 million euro (350 million pounds) hole on Banca Carige’s (CRGI.MI) balance sheet, sources close to the matter said on Monday, in order to avert a possible crisis that would further destabilise the sector.
Italy’s budget crisis is raising broader concerns about the sustainability of its public debt and risks spreading turbulence to others, European Central Bank Vice President Luis de Guindos said.
Italy’s Prime Minister Giuseppe Conte was reported as saying the he expects Libyan commander Khalifa Haftar to join the ongoing Palermo conference organised by Rome to push forward a new U.N. plan to stabilise the troubled North African country.
European companies are delivering their most disappointing earnings in nearly three years as a sluggish economy and rising costs take their toll on bottom lines, dealing another blow to investor confidence shaken by Italy’s budget crisis and Brexit.