TCS disappoints in Q1 but demand traction looks intact https://ift.tt/TeFOWmb country’s largest software exporter posted $ 6,780 million in revenue for the quarter compared with analysts’ average expectation of $6,824.5 million. In constant currency (CC) terms, it grew by 3.5% sequentially, but in reported terms, the growth was just 1.3% reflecting the impact of weaker pound and euro against the dollar during the quarter.
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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