In an interview, IDFC First Bank s CEO and MD V Vaidyanathan discusses innovative strategies, technological advancements and India s financial transformation over the last decade, , Idfc first bank, CEO and MD, v vaidyanathan, interview
Pune (Maharashtra) [India], April 26 (ANI/BusinessWire India): KPIT Technologies (NSE: KPITTECH BSE: 542651), a global partner to the automotive and mobility ecosystem for making software-defined vehicles a reality, announced financial results for Q4 FY23 today. Performance overview - Q4 FY23 Revenue Q4FY23 CC Revenue grows 50% YoY, 8.5% Q-o-Q USD Revenue Growth of 42.1% Y-o-Y, 12.1% Q-o-Q Growth led by Strategic Accounts, Middleware and Architecture, Autonomous and Diagnostics Q4FY23 was another good quarter in terms of new engagement closures - Q4 FY23 Net Profit and EBITDA Q4FY23 Net Profit at Rs. 1,116 million, 41.5% Y-o-Y growth EBITDA at 19.1%, 60% Y-o-Y growth EBITDA margin expansion of 60 bps for the quarter led by revenue growth and operational efficiencies - FY 23 revenues FY23 Reported Revenue USD 418 Million FY23 Revenue grows 36.7% in CC terms USD Revenue Growth of 27.4% - FY 23 Profit EBITDA at 18.9%, growth of 45% over FY22 Net Profit at Rs. 3,810 Million, 39% growth ove
Mumbai (Maharashtra) [India], March 4 (ANI/PNN): The GM Freedom Ride - this year's most unique Cyclothon in the honour of our CISF Jawans was successfully concluded in the wee hours of Saturday, 4th March 2023 at Mumbai. It was one of the most awaited and exciting sporting events, where CISF squad traversed the historical sites of the city beginning from the Gateway of India and moved all the way to Kalina Base Camp. The event was a grand success where CISF officials turned out in great numbers to show solidarity. Over 350 CISF officials, who are the real heroes of our country, enthusiastically participated in this cycling extravaganza and paddled along the spectacular landmarks in Mumbai. The blazing event was graced by CISF - DIG Shrikant Kishore, IAS Rajeev Jalota, Chairman Mumbai Port Authority, and Mr Jayanth Jain, CEO & MD, GM Modular. During the high-octane cyclothon event, GM also unveiled its 'Showroom on Wheels', an innovative initiative, a state-of-the-art bu
New Delhi [India], November 25 (ANI/PNN): The results released for the Haryana Early Literacy Development Impact Bond (DIB): A Pay-for-Success model show significantly improved learning outcomes in 164,000 children of 3,300 primary classes in government schools, despite the COVID-19 pandemic. At the end of the three-year project (2019-22), children in intervention schools could fluently read at 42.4 words per minute (which meets the Global Minimum Proficiency standards), while children in non-intervention schools could read only 30.3 words per minute. This meets the rallying call for improvement in education given by Prime Minister Narender Modi while addressing the conclave on 'School Education in the 21st Century' under the NEP2020. He said, "It must be ensured that every child who crosses the third grade can easily read 30 to 35 words in a minute." This is the first CSR-funded Development Impact Bond (DIB). DIB is an outcome-based investment instrument that involve
Pune (Maharashtra) [India], October 19 (ANI/BusinessWire India): KPIT (NSE: KPITTECH; BSE: 542651), a leading partner for accelerating the transformation towards Software-Defined Vehicle to the automotive and mobility industry announced financial results for Q2 FY23 results today. Performance overview - Q2 FY23 Revenue - CC Revenue Growth of 27 per cent Y-o-Y, 8.3 per cent Q-o-Q - USD Revenue Growth of 17.2 per cent Y-o-Y and 4.8 per cent Q-o-Q - Q2 FY23 profit - EBITDA growth of 33 per cent Y-o-Y - Net Profit growth of 28 per cent Y-o-Y - FY23 outlook - FY23 CC Revenue growth outlook increased to 31 per cent - 32 per cent - EBITDA margin outlook increased to 18.5 per cent -19.0 per cent - Deals & Pipeline - Revenue Pipeline at all-time high - TCV of USD 142 million won during the quarter - Talent - Global employee count nearing 10000 - Attrition easing out and expected to even become better by end of FY23 - Focus on talent development and retention; Increments and promotions highe