Tag
IT / Software / Digital
8 articles
Indian IT and software companies are facing a mixed landscape, with some demonstrating resilience while others grapple with significant financial distress. Cummins India reported robust sales growth, driven by strong domestic demand and data center expansion, anticipating moderate growth in the coming year despite geopolitical headwinds. Conversely, Cranes Software is facing severe challenges, including a qualified audit opinion, substantial debt defaults, and legal proceedings, raising concerns about its viability. Strategic investments, such as Crizac's stake in EdTech firm Edument, signal ongoing efforts to diversify and capitalize on emerging technology trends, while Quick Heal's ESOP grants and Tata Communications' dividend announcement reflect standard corporate governance practices.
Bitcoin Holds $62.6K as Institutional Inflows Slow
Bitcoin traded at $62,596, up 1.67% amid muted weekend trading and slowing institutional inflows.
CryptoQuant estimates $697 billion fresh capital entered Bitcoin since 2022, delivering a 689% gain fa
Sterlite Technologies Wins Fujikura Patent Revocation
Sterlite Technologies discloses a favorable update on its patent litigation with Fujikura in Europe.
Fujikura's patent EP3796060 was revoked in its entirety by the Technical Board of Appeal in Germany
Amagi Hosts AI in Media Webinar on July 7
Amagi Media Labs will host a webinar titled 'AI in Media' on July 7, 2026, from 3:30 PM to 4:30 PM IST.
The session will focus on AI's role in driving operational efficiency, content intelligence, and
CarTrade Tech FY26 PAT Up 68% to ₹244 Crores
CarTrade Tech reported FY26 PAT of ₹244 Cr, a 68% YoY increase, with 50%+ YoY EBITDA growth for 12 consecutive quarters.
The Consumer Group revenue grew 30% YoY to ₹308 Cr, driven by new AI products l
Newgen Software FY26 Revenue Rises 6% to ₹1,574 Crore
Newgen Software reported FY26 revenue of ₹1,574 crore with 6% YoY growth and PAT of ₹300.58 crore, while declaring a final dividend of ₹6 per share.
The company will hold its 34th AGM on July 24, 2026
Netripples Q2 Net Profit at ₹4.12 Lakhs
• Netripples Software submitted unaudited Q2 FY2025 results showing zero revenue from operations but ₹4.12 lakh profit from other income.
• The company reported no operational expenses, zero tax outgo
Cranes Software FY26 Net Loss ₹2,006 Crore
Cranes Software reported a standalone net loss of ₹2,005.57 lakhs for FY26 and a consolidated net loss of ₹1,435.66 lakhs, with auditors issuing a qualified opinion.
Auditors qualified the results due
Cranes Software FY26 Net Loss ₹2,006 Crore
Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, reporting a massive net loss.
Auditors issued a qualified opinion citing negative net worth, no