Infosys likely to reclaim No. 2 spot from Cognizant soon https://ift.tt/Wm4F0sX in the September quarter had revenue of $4.6 billion, just $300 million lower than Cognizant’s $4.9 billion. And there’s a huge gulf between the two companies’ growth rates. While Infosys grew at 18.8% year-on-year in constant currency in the quarter, Cognizant’s growth was a mere 5.6%.
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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