While the company reported a 6.1 percent growth in second quarter profit at Rs 3,606 crore it said on Friday that it now expects revenue to grow between 8 percent and 9 percent during the current financial year.

The brokerage believes industry leaders Infosys and TCS will deliver 8.5-9.5 per cent YoY dollar revenue growth in FY17, but laggards are set to face much tougher times.

Infosys had earlier said it will ramp-down about 3,000 jobs following Royal Bank of Scotland's decision to cancel its project to set up a separate bank in the UK.

IT services revenues, which account for a dominant chunk of Wipro's business, grew 2.6 per cent sequentially to about USD 1,931 million for the June quarter, meeting the guidance of USD 1,901-1,939 million.

Shares of Infosys tanked nearly 10 per cent in trade on Friday after the software services firm reported a sequential fall of 4.47 per cent in consolidated net profit.

Three of ABNL's apparel brand have annual revenues in excess of Rs 1,000 crore. Of these Van Heusen positions itself as a premium lifestyle brand offering 'fashion for professionals' for both men and women.

The company revised its consolidated revenue guidance for the fiscal year 2015-16 two percent upwards in rupee terms but lowered marginally in dollar terms

The IT outsourcing major had discontinued giving a quarterly revenue guidance in percentage and numbers since fiscal 2014.

Infosys slipped 2.27 per cent to Rs 1,001.15 post its Annual General Meeting as the company did not give clear guidance about the IT major's near future.

Successive shareholders who spoke at the 34th Annual General Meeting of Infosys suggested that he should be brought back to the company as his name is synonymous with Infosys.

Seven co-founders of Infosys, led by N R Narayana Murthy, were hailed by Sikka ahead of its 34th annual general meeting.

Expectation of a weaker monsoon may put further pressure on the domestic equity market in the near term.

Citing opportunities in the wake of global digital transformation, CEO and MD VishalSikka said Infosys has the potential to become a leading IT services company in the world and a bellwether once again.

An MOU in this regard was signed between Infosys and the local Chinese provincial government at the India-China Business Forum.

Speaking to reporters, chief executive officer and managing director Vishal Sikka said: \"It is an aspirational goal. We use that to organize our thoughts. I believe we can get there.\"

Featuring news on Facebook, J. Jayalalithaa, Amma brand, Vishal Sikka, Infosys, Amazon, Jeff Bezos, Mark Zuckerberg and more.

Although the economy is showing signs of improvement, the full potential of India Inc will be visible only in the next 12-18 months.

Cognizant's revenues were driven by industries such as financial services, manufacturing, and retail. While growth in North America was muted, it was offset by 9.6 per cent sequential growth in Europe - the United Kingdom hit the billion dollar revenue run rate for the first time.

The company positively surprised the street with a 150 basis point expansion in operating margins that came in at 24.5 per cent - the highest the company could muster this year and far higher than the 20.7 per cent the firm reported in 2012/2013. 

TCS' annual revenues jumped 16.2 per cent in 2013/2014 to $13.4 billion. CEO N. Chandrasekaran said the company will perform better in 2014/2015.