Infosys Q1 FY27 profit rises 12.2% to ₹7,769 crore; revenue jumps 14%, names CEO designate
Infosys reported a 12.2 per cent year-on-year increase in net profit to ₹7,769 crore for the first quarter of FY27, while revenue rose 14 per cent. The company also named Ashiss Kumar Dash as CEO designate, with the veteran executive set to succeed current CEO Salil Parekh when his term concludes in March 2027. Infosys said clients remain cautious on technology spending amid ongoing disruption from artificial intelligence, prompting it to trim the upper end of its FY27 revenue growth guidance to 3 per cent from the earlier 3.5 per cent.
SEBI weighs risk-based margin framework to boost cash market participation
SEBI may soon seek public comments on a proposal to replace the existing 20 per cent upfront margin requirement for cash market trades with a risk-based framework. Under the proposal, brokers would collect margins based on risk assessed by clearing corporations rather than a fixed threshold. The move is aimed at improving liquidity and encouraging broader participation in the equity cash market.
Gujarat reels under torrential rains; 1,200 rescued amid widespread flooding
More than 1,200 people have been rescued and nearly 1,500 shifted to safer locations after torrential rain triggered flooding across several districts in Gujarat. Valsad, Navsari, Surat, Tapi and Dangs are among the worst-affected districts, while authorities have ordered schools in Ahmedabad to remain closed until Friday. Rescue and evacuation operations continue, though no major industrial disruptions have been reported so far.
Adani Group eyes starting an airline, say sources
The Adani Group is considering launching a new airline, according to sources familiar with the matter. The move would mark a strategic shift for the conglomerate, which already operates eight airports across India. While no final decision has been taken, sources said the group is evaluating whether entering the airline business makes commercial sense in a sector known for intense competition and thin margins.
(Research and VO: Siddharth Mathew Cherian)
