Business & Markets: India — Last 24 Hours

Indian corporate results revealed a two-speed economy this weekend: IT services companies continued to post steady growth on AI demand, while consumer-facing and manufacturing sectors showed signs of a slowdown.

• Persistent Systems Q1 Profit Drops 9% to ₹483 Crore — Despite reporting 16% year-on-year revenue growth, the IT services firm saw margins compress to 16% as costs rose; the company secured a record $1.15 billion in total...