Salary hikes bring cheer to IT workforce
Infosys follows Tata Consultancy Services in giving salary hikes to employees on the back of a strong Q2 performance.
Infosys follows Tata Consultancy Services in giving salary hikes to employees on the back of a strong Q2 performance.
The bank’s fresh NPAs or slippages took a sharp drop, falling 69% year on year to Rs 2,777 crore from Rs 8,936 crore last year.
The tobacco-to-hotels conglomerate’s improved performance during the second quarter of fiscal 2018-19 was driven by higher revenue from business verticals including hotels, tobacco and consumer goods.
The bank’s stock touched its highest level since October 3 in intraday trade on Monday on the back of good September quarter results.
Revenue grows 20.7% to Rs 36,854 crore, operating margin increases to 26.5%, on strong demand for digital services and a falling rupee.
Private sector lender attributes the rise to a robust growth in net interest income.