Coal India reported a 12% rise in Q4 profit driven by better realizations and higher income, despite cost pressures. Margins improved, though volumes stayed flat. The company also announced a final dividend, while annual profit declined due to elevated expenses.
AI may hurt IT today, but it could create the sector’s next growth engine: Baroda BNP Paribas MF
AI may disrupt traditional revenue streams in India’s $280-billion IT services industry, but Rohan Korde of Baroda BNP Paribas Mutual Fund believes it could also