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Cost optimisation of large customers hurts TCS amid flat profit growth in Q3

TCS Q3 result: TCS reported a flat profit growth for the third quarter at Rs 8,118 crore vis-a-vis Rs 8,105 crore in the same period last year, thanks to the headwinds in BFSI and retail sectors

 
 
Reliance Industries Q3 result: In the third quarter, when the petrochemical EBIDTA fell by Rs 2,344 crore, the same from consumer businesses surged by Rs 2,815 crore
Piramal says his flagship Piramal Enterprises will utilise that money for further business expansion
HCL revises its revenue growth outlook to 16.5-17 per cent for 2019-20 from its previous forecast of 15-17 per cent topline growth in constant currency terms
The deal will give Piramal $900 million on closing and $50 million to be received at the end of 12 months from the date of closing
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