Rich valuations may limit Persistent’s upside despite strong growth https://ifttt.com/images/no_image_card.pngPersistent’s revenue grew by 11.1% sequentially to $ 241.5 million in June quarter. The acquisition of US-based companies, including Data Glove in February and MediaAgility in May, contributed over half of the topline growth.
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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