TCS Q1 results: Net profit rises 9%📈

Jul 12, 2024

Welcome to Friday’s edition of Rise & Shine!

“What you do makes a difference, and you have to decide what kind of difference you want to make.”
- Jane Goodall

Today’s quote by Jane Goodall reminds us that our actions have an impact.

Every decision we make contributes to the world around us, and it's up to us to choose the kind of difference we want to create.

Astrology startup Melooha acquires GenAI firm Munitalks

Melooha, a hyper-personalised AI-powered astrology platform, has acquired Munitalks, a GenAI startup. This strategic acquisition aims to enhance Melooha's offerings by integrating Munitalks' top-down AI-First approach, known for its robust multilingual support.

TCS Q1 results: Net profit rises 9% on year, beats estimates

Tata Consultancy Services (TCS) on Thursday reported a 9% year-on-year (YoY) growth in its June quarter net profit at Rs 12,040 crore. Revenue from operations stood at Rs 62,613 crore, up 5.4% on year. Profit after tax (PAT) was down 3% from Rs 12,502 crore in Q4 FY24. The company’s board also recommended a dividend of Rs 10 per share.

Cashe forays into insurance broking with Centcart acquisition

Credit-focused Cashe said its parent company has acquired Centcart Insurance Broking Services for an undisclosed sum to help the fintech platform expand into distributing insurance.

Goldman Sachs in talks to invest up to $50 million in MoEngage

Wall Street major Goldman Sachs is in discussion to double down on enterprise software-as-a-service (SaaS) company MoEngage. The company will likely pump $35-50 million via a secondary transaction. Goldman will buy shares (of MoEngage) from some of the early investors.

Infra.Market has secured Rs 150 crore (approximately $18 million) in debt financing over the past two months. The debt infusion for the Mumbai-based firm follows the $50 million equity round from the Mars Unicorn Fund — a joint venture of Liquidity Group and MUFG.
Marathi OTT platform Planet Marathi OTT has raised $5 million in a new round led by USA-based private equity firm A & MA Capital USA.
Online real estate broker Jugyah has come out from stealth and has raised $1.5 million in a funding round led by White Venture Capital, QED Investors and Godrej Properties.

🏡 Short Story: The Compassionate Neighbor

Sarah lived in a small town where everyone knew each other. One winter, an elderly neighbor, Mrs. Thompson, fell ill and couldn’t leave her house.

Sarah decided to help by bringing groceries and checking in on her daily.

What started as a small act of kindness grew into a community effort, with others joining in to support Mrs. Thompson.

Sarah’s decision to make a positive difference sparked a wave of compassion and unity in the town.

As you go about your day, remember that your actions matter.

Reflect on the kind of difference you want to make and let that guide your choices.

Rise & Shine is here to remind you of the power you hold to create a positive impact, starting with the decisions you make today.

Have a purposeful Friday, and let your actions inspire others!

Thanks for reading till the end!

Rise & Shine ☀