Infosys numbers reflect demand traction amid short-term cost pressures https://ift.tt/V3EKuv8 country's second-largest IT exporter declared quarterly numbers on a Sunday, unusual when compared with its track record of reporting results on weekdays. The headline numbers were a mixed bag. The 5.5% sequential growth in the dollar denominated revenue keeping the currency rates constant (CC) was better than the 2-3.5% growth reported by top peers.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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