Latest news with #BENGALURU
Reuters
11 hours ago
- Business
- Reuters
Air India to restore some international flights following reduction over crash
BENGALURU, July 15 (Reuters) - Air India said on Tuesday it would partially restore its international flight schedule that was scaled back following the crash involving its flight last month that killed 260 people. As part of the restoration, Air India will start a thrice-weekly service between Ahmedabad and London Heathrow from August 1 to September 30, replacing the currently operating five-times-a-week flights between Ahmedabad and London Gatwick. A Boeing (BA.N), opens new tab 787 Dreamliner bound for London from the Indian city of Ahmedabad began to lose thrust and crashed shortly after takeoff on June 12. All but one of the 242 people on board and 19 others on the ground were killed. Air India reduced some of its international flights following the crash as part of a "safety pause" that the carrier said allowed it to perform additional precautionary checks on its Boeing 787 aircraft. The partial service resumption will see some flights being restored from August 1, with full restoration planned from October 1, 2025, Air India said. As part of the partial resumption, Air India has reduced flights to some destinations in Europe and North America. These include reductions in the frequency of Delhi-to-Paris flights to seven times a week from 12, effective August 1. Flights on the Delhi-Milan route have been reduced to three times a week from four earlier. The frequency of flights from Mumbai and Delhi to New York JFK has been cut to six times a week from seven earlier, the airline said.
Reuters
17 hours ago
- Business
- Reuters
US Treasury yield forecasts anchored despite rising debt load and inflation concerns
BENGALURU, July 15 (Reuters) - U.S. Treasury yields will trade in a tight range over the coming months, with a strong majority of bond strategists surveyed by Reuters predicting demand for Treasuries lagging an expected deluge of new supply. President Donald Trump's sweeping tax-cut and spending bill, which cleared its final hurdle in the U.S. Congress earlier this month, is expected to add $3.4 trillion to the nation's $36.2 trillion debt pile, according to the nonpartisan Congressional Budget Office. Inflation risks from a renewed U.S.-led trade war, which includes Trump threatening a 30% tariff on imports from Mexico and the European Union starting August 1, has also pushed the U.S. "term premium" - the compensation investors demand for holding longer-term bonds - higher. With net Treasury issuance expected to approach nearly half a trillion dollars this quarter a rising risk premium makes it considerably harder to finance those expenses at higher interest rates. Nearly 77% of bond strategists, 23 of 30, responding to a July 10-15 Reuters survey said demand for U.S. Treasuries would lag supply slightly both this quarter and the next. Those respondents generally held a higher yield view than the wider monthly panel of 71 bond yield forecasters. Most bond strategists in Reuters surveys over the past year have repeatedly overestimated declining yields. "I think rates will over time structurally drift higher until either they're too restrictive in the real economy or the to rein in spending in order to right-size the budget," said Connor Fitzgerald, fixed income portfolio manager at Wellington Management. "While the government will be fine financing all the supply they need it will, over time, come at a slightly higher risk premium or cost." Sustained expectations the U.S. Federal Reserve will cut interest rates is one main reason strategists expect the benchmark 10-year Treasury yield , currently 4.42%, to roughly hold that level in coming months, falling a bit to 4.40% by end-September and 4.30% by year-end. "We think we're going to be in a range-trade for the next few months, maybe a marginal drop by year-end - not a huge move. There's a limit to the sell-off in the long end, but then there's a limit to a rally and lower yields too," said Jason Williams, director of U.S. rates research at Citi. "There are certainly risks the unemployment rate can go higher and though we haven't seen much tariff-led inflation yet there are definitely risks tariffs will cause a one-time price shift and that really complicates the Fed's reaction function." U.S. consumer prices likely rose sharply in June, potentially signaling the start of a long-anticipated tariff-driven rise that could limit how much the Fed can cut rates. That would further strain the already-tense relationship between Trump and Fed Chair Jerome Powell. "A key risk is the impact inflation will have on consumer spending and the extent to which firms will pass that on. If firms are unable to absorb the cost pressures and pass them off to would be a major factor in driving an economic slowdown," said Matthew Vegari, head of research at Clearwater Analytics. The interest-rate-sensitive 2-year Treasury yield , currently 3.90%, will decline 27 basis points to 3.63% at year-end, survey medians showed. If realized, that would steepen the yield curve, widening the spread with the 10-year yield to 67bps from around 50bps.
Yahoo
a day ago
- Business
- Yahoo
Mindsprint and Planview forge strategic partnership to transform digital value chains with integrated project and portfolio management
BENGALURU, India, July 15, 2025 /PRNewswire/ -- Mindsprint, a technology firm offering purpose-built, AI-led solutions to modernize enterprise operations, today announced a partnership with Planview, the leading platform for Strategic Portfolio Management (SPM) and Digital Product Development (DPD). The partnership is designed to help enterprises streamline their digital value chains to unlock measurable improvements in productivity, efficiency, and innovation across their organizations, accelerating business value. The partnership addresses critical enterprise challenges, including disconnected tools, siloed decision-making, and inefficient workflows that prevent organizations from delivering projects on time, within budget, and aligned with strategic goals. By combining Planview's robust technology platform with Mindsprint's proven implementation and consulting expertise, the alliance enables enterprises to build more connected, data-driven, and agile project and portfolio management ecosystems. The collaboration reflects both companies' shared vision that project and portfolio management (PPM) must evolve beyond an isolated function into an integrated discipline that drives strategic decision-making, enables cross-functional collaboration, and maximizes enterprise-wide return on investment. "We're excited to partner with Planview to help businesses move past fragmented approaches and embrace a more intelligent, integrated way of managing their project portfolios," said Suresh Sundararajan, CEO of Mindsprint. "This is not just a tactical collaboration, it's a long-term strategic partnership. Together, we're creating a unified platform that brings speed, visibility, and control to the heart of enterprise operations. As organizations evolve, we see this partnership emerging as an enabler of transformation and driving continuous value." "Mindsprint's depth of expertise and customer-first approach make them an ideal partner as we expand the reach and impact of Planview's solutions," said Vishal Dhawan, MD & President (APAC) at Planview. "As the undisputed leader in enterprise portfolio management, Planview empowers organizations at every maturity level to connect strategy to delivery, accelerate transformation, and drive measurable business outcomes. Mindsprint's ability to tailor our solutions to complex enterprise environments ensures that customers realize immediate ROI, achieve strategic alignment, and see tangible impact right from the start." Mindsprint brings a holistic suite of services that complement Planview's core offerings, including implementation, data analytics, system integration, reporting, and ongoing optimization. The partnership delivers real-time performance visibility, enhanced market responsiveness, and empowers teams with tools and insights for faster, better decision-making. Central to the offering is a robust platform experience that unifies data, processes, and teams, providing organizations with a single source of truth for all project and portfolio activities. Seamless integrations with enterprise tools like Jira, SAP, and Excel ensure cross-departmental connectivity without disrupting existing workflows. The partnership focuses on removing organizational silos, aligning strategy to execution, and empowering teams at every level. From improving resource allocation to boosting reporting accuracy and governance, the alliance is designed to deliver tangible, lasting value that redefines project and portfolio success in modern enterprises. About Mindsprint: Mindsprint exists to responsibly engineer the next generation of enterprises—driven by insight, innovation, and passion. With a proven track record spanning two decades, we are the partner of choice for high-impact, AI-driven technology solutions for clients across the globe in industries such as retail, agriculture, manufacturing, healthcare, and life sciences among others. Our offerings include enterprise technology applications, business process services, cybersecurity solutions, and automation-as-a-service—delivered with a strong commitment to responsible innovation. Headquartered in Singapore, Mindsprint has a global workforce of 3,200+ professionals across the US, UK, Middle East, India, Australia, and Africa. To learn more, visit About Planview: Planview is the global leader in Strategic Portfolio Management (SPM) and Digital Product Development (DPD), empowering organizations to turn strategy into outcomes. The Planview Platform provides a connected system for road mapping, capacity planning, work prioritization, and value stream delivery—enabling enterprises to align investments with business goals, optimize resources, and adapt with precision. Trusted by over 2.7 million users across industries—including 45 of the Fortune 100—Planview helps businesses accelerate strategy execution at scale. Headquartered in Austin, Texas, Planview operates with a global team of over 1,300 professionals. View original content: SOURCE Mindsprint Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
2 days ago
- Business
- Reuters
India's HCLTech narrows revenue forecast, sees demand stability
BENGALURU, July 14 (Reuters) - HCLTech ( opens new tab, India's third-largest IT services provider, reported mixed quarterly results on Monday, where its revenue beat analyst estimates but profit fell more than expected. The company's net profit for the June quarter fell 9.7% from a year ago to 38.43 billion rupees. Meanwhile, its consolidated quarterly revenue rose 8.16% to 303.49 billion rupees ($3.53 billion), surpassing analysts' average estimate of 302.92 billion rupees, according to data compiled by LSEG. "The demand environment remained stable from an overall perspective, with some variations across specific verticals. It did not deteriorate as feared at the start of the quarter," HCLTech CEO C Vijayakumar said. Uncertainty around tariffs in the U.S., the biggest market for India's $283-billion IT sector, has quashed hopes of a revival in client confidence and spending. The company raised the lower end of its revenue growth forecast for fiscal year 2026 to between 3% and 5% from the prior view of 2% to 5%. However, HCLTech lowered its annual operating margin forecast to a range of 17% to 18% from the previous projection of 18% to 19%. "This revision indicates a cautious outlook on profitability amid ongoing cost and demand pressures," said Ambrish Shah, an analyst at Systematix. Operating margin for the June quarter declined 80 basis points to 16.3%, impacted by lower utilization due to a delay in the ramp-up of a specific program leading to larger bench strength, Vijayakumar said. The company will also undertake a restructuring where it will seek to give up facilities it is not using, primarily in locations outside India, the CEO added. There will also be a "talent rampdown" in some locations outside India, he added, but did not share specifics. The costs the company will incur as part of the restructuring are baked into its updated forecast, he said. HCLTech's order bookings for the June quarter stood at $1.81 billion, compared with $1.96 billion in the year-ago period. Four of its seven industry segments grew, while manufacturing, life sciences as well as healthcare and public service segments declined. Industry leader Tata Consultancy Services ( opens new tab missed its quarterly earnings estimates last week, leading to concerns of a prolonged lull in demand. ($1 = 85.9700 Indian rupees)
CNA
2 days ago
- Business
- CNA
India's HCLTech narrows revenue forecast, sees demand stability
BENGALURU :HCLTech, India's third-largest IT services provider, reported mixed quarterly results on Monday, where its revenue beat analyst estimates but profit fell more than expected. The company's net profit for the June quarter fell 9.7 per cent from a year ago to 38.43 billion rupees. Meanwhile, its consolidated quarterly revenue rose 8.16 per cent to 303.49 billion rupees ($3.53 billion), surpassing analysts' average estimate of 302.92 billion rupees, according to data compiled by LSEG. "The demand environment remained stable from an overall perspective, with some variations across specific verticals. It did not deteriorate as feared at the start of the quarter," HCLTech CEO C Vijayakumar said. Uncertainty around tariffs in the U.S., the biggest market for India's $283-billion IT sector, has quashed hopes of a revival in client confidence and spending. The company raised the lower end of its revenue growth forecast for fiscal year 2026 to between 3 per cent and 5 per cent from the prior view of 2 per cent to 5 per cent. However, HCLTech lowered its annual operating margin forecast to a range of 17 per cent to 18 per cent from the previous projection of 18 per cent to 19 per cent. "This revision indicates a cautious outlook on profitability amid ongoing cost and demand pressures," said Ambrish Shah, an analyst at Systematix. Operating margin for the June quarter declined 80 basis points to 16.3 per cent, impacted by lower utilization due to a delay in the ramp-up of a specific program leading to larger bench strength, Vijayakumar said. The company will also undertake a restructuring where it will seek to give up facilities it is not using, primarily in locations outside India, the CEO added. There will also be a "talent rampdown" in some locations outside India, he added, but did not share specifics. The costs the company will incur as part of the restructuring are baked into its updated forecast, he said. HCLTech's order bookings for the June quarter stood at $1.81 billion, compared with $1.96 billion in the year-ago period. Four of its seven industry segments grew, while manufacturing, life sciences as well as healthcare and public service segments declined. Industry leader Tata Consultancy Services missed its quarterly earnings estimates last week, leading to concerns of a prolonged lull in demand.
