Business updates

Business updates

Tech Mahindra Q3 Results: Revenue up 2.8%, net profit down 6.1%

Tech Mahindra Q3 Results: Revenue of the Mahindra Group firm rose 2.8% over the previous three months to ₹14,393 crore in the quarter ended 31 December 2026.>

Wipro Q3 Results: Revenue up 3.8% even as profitability takes a hit

Wipro Q3 Results: Consolidated revenue rose 3.8% QoQ to ₹23,556 crore even as EBIT fell 5.1% QoQ to ₹3,491 crore.>

Unemployment rate at 4.8% in December

Labour Force Participation Rate (LFPR) in the economy was 42.5% in December 2025, the highest in nine months. LFPR was 42.3% in November>

Google launches Market Access Program

Alongside the programme, Google announced two new additions to its open-source Gemma model family. One of them, MedGemma 1.5 and FunctionGemma>

Anthropic taps Microsoft veteran Irina Ghose to lead India ops as users surge

Anthropic plans to officially open its Bengaluru office in February, with CEO Dario Amodei scheduled to visit for the launch and the India AI Impact Summit.>

IT stocks lead Sensex, Nifty 50 higher after Infosys raises revenue forecast

Nifty IT index was up 3% with all 10 stocks rising. Wipro rose 3% ahead of its quarterly results later today, even as Infosys shares jumped 5% after Q3 results.>

OpenAI, Microsoft lose last chance to avoid a trial with Elon Musk

Elon Musk claims OpenAI, founded by him and Sam Altman as a non-profit, took billions in funding from Microsoft to become a for-profit business.>

Tiger Global’s $1.6 billion Flipkart exit taxable in India: Supreme Court

Tiger Global had invested in Flipkart in its early years through Mauritius-based entities -- Tiger Global International II, III and IV Holdings.>

Supreme Court rules against Tiger Global in Walmart-Flipkart deal tax case

Tiger Global's $1.6-billion stake sale at the time of the Walmart-Flipkart acquisition deal in 2018 is subject to tax, Supreme Court says.>

India's trade deficit slightly widens to $25.04 billion in December 2025

India exports rose to $38.51 billion in December from $38.13 billion in November. Imports increased to $63.55 billion from $62.66 billion during the same time.>

Credits : HTimes