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Infosys said its net profit for the first quarter of the current financial year rose 3.2% on year, missing analyst estimates, weighed down by wage hikes and lower productivity amid record high attrition.
The Enforcement Directorate has alleged that the bank accounts of mobile phone company Vivo India are “clearly involved in money laundering” and this “has been carried out as an attempt to destabilise the financial system of the country and also to threaten the integrity and sovereignty of the nation”.
Engineering giant Larsen & Toubro (L&T) is selling its eight operational road assets that the company built and operated to Edelweiss Infrastructure Yield Plus, an infrastructure fund managed by Edelweiss Alternative Asset Advisors, for an enterprise valuation of Rs 7,000 crore, said people aware of the matter.
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