TCS net rises 23%, BFSI rallies

With good set of wins, growth engine firing on all cylinders, says MD Gopinathan Tata Consultancy Services (TCS), India’s biggest software services exporter, posted a better-than-expected 23% jump in first-quarter net profit to ₹7,340 crore. buoyed by robust growth at the banking, financial services and insurance (BFSI) and digital verticals. Revenue grew almost 16% to ₹34,261 crore as the rupee […]

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Barratt Developments yearly pretax profit rises

Barratt Developments PLC (BDEV.LN) said Wednesday that it expects pretax profit to increase around 9.1% in fiscal 2018 and said that year-end net cash was ahead of expectations The U.K. housebuilder said that it sees pretax profit for the year ended June 30 around 835 million pounds ($1.11 billion) compared with GBP765.1 million the previous year. AJ Bell’s Russ Mould […]

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AC Milan soccer team taken over by hedge fund Elliott Management

American billionaire Paul Singer’s Elliott Management Corp. promised an initial €50 million cash injection into Italian soccer team AC Milan, providing a much-needed lifeline to the storied team that is fighting a sanction that would keep it out of the Europa League this season. AC Milan’s new owner said Tuesday that the equity capital — and promises for more down […]

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War on straws: 5 eco-friendly alternatives to plastic

California plastic straw law punishes restaurant servers with jail time Conservative commentator Kurt Schlichter reacts to a bill proposed in California that would make it illegal for restaurants servers to give guests plastic straws unless requested. The city of Seattle doing it. So is coffee giant Starbucks. Continue Reading Below Even fast food chain McDonald’s has made news internationally about […]

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Uber names ex-Justice Department official its first chief compliance officer

Uber Technologies Inc. has tapped a former top official at the U.S. Justice Department to be its first chief compliance officer, as the ride-hailing giant seeks to move past a series of regulatory problems and other controversies ahead of a highly anticipated initial public offering next year. Uber is set to announce to staff Tuesday the hiring of Scott Schools, […]

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Vista Outdoor to sell eyewear brands—Savage gun-maker business could be next

Vista Outdoor Inc. said Monday it has reached a deal to sell its Bolle, Serengeti and Cebe eyewear brands for expected proceeds of $158 million, to a “significant” European private-equity fund. The move is part of the outdoor sports and recreation company’s plan to narrow its focus on four product categories: Ammunition, shooting and hunting accessories, hydration bottles and packs […]

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