Infosys Reports Strong Q1 FY25 Results, Outperforming Market Expectations Infosys Ltd, the second-largest IT services company in India, has reported robust financial results for the first quarter of fiscal year 2025, demonstrating significant growth and surpassing market expectations. The company’s net profit for the quarter ended June 30, 2024, rose by 7.1% year-on-year to ₹6,368 crore, surpassing the ₹5,945 crore net profit recorded in the corresponding quarter of the previous year. This performance has been attributed to a surge in revenues and improved operational efficiencies. Revenue and Margins Infosys saw its revenue grow by 3.6% year-on-year to ₹39,315 crore from…
Author: BRICS+ News Services
Vitaly Shapran’s Insights on Russian Economic Vulnerabilities Amidst Ukraine Conflict Amidst the ongoing conflict between Russia and Ukraine, Ukrainian economist Vitaly Shapran offers a detailed analysis of the Russian economy, highlighting both its strengths and vulnerabilities. Shapran argues that while Western sanctions have impacted Russia, further strategic measures could accelerate the deterioration of its economic stability. State of the Russian Economy Despite the international sanctions and the prolonged conflict, the Russian economy has shown some resilience. As of early 2024, the GDP growth rate stood at 5% for the first half of the year, surpassing the annual forecast of 2.8%.…
Saudi Teacher Sentenced to 20 Years Imprisonment Over Social Media Posts, Human Rights Watch Reports On Tuesday, Human Rights Watch reported that a Saudi court has sentenced 47-year-old teacher Asaad al-Ghamdi to 20 years in prison, citing charges related to his online activity. Al-Ghamdi, who is the brother of UK-based government critic Saeed bin Nasser al-Ghamdi, was convicted by Saudi Arabia’s Specialized Criminal Court on May 29 for offenses tied to his "peaceful expression online," according to the organization. Court documents reveal that al-Ghamdi was charged under multiple articles of Saudi Arabia’s counterterrorism law, including publishing false and malicious news…
Russia Halts BRICS Expansion Ahead of 2024 Summit in Kazan In an unexpected move, Russia has announced a suspension on the expansion of BRICS, an informal group comprising Brazil, Russia, India, China, and South Africa, just ahead of the XVI BRICS Summit. This decision arrives as numerous countries with interconnected interests were scheduled to gather in Kazan, the capital city of the autonomous Republic of Tatarstan, often referred to as Russia’s window to the Islamic world and to be the BRICS+ capital in 2024. BRICS: An Emerging Global Powerhouse BRICS has often been described as an informal but pivotal association…
Bridging Continents: The 3rd BRICS Postgraduate Forum Explores Innovation and Global Development In a significant demonstration of international academic collaboration, the University of Campinas (UNICAMP) in Brazil and South Africa’s Durban University of Technology (DUT) orchestrated the 3rd BRICS Postgraduate Forum. This event was held under the umbrella of the São Paulo Innovation Systems, Strategies, and Policies, drawing an attendance of 100 academic representatives from 29 countries, including the core BRICS nations—Brazil, Russia, India, China, and South Africa. TV BRICS played a crucial role as the information partner for the event. A Platform for Global Discourse The forum kicked off…
South Africa’s Government of National Unity: Can It Resolve Political Deadlock and Revive the Economy? South Africa stands at a political and economic crossroads. The proposed Government of National Unity (GNU), though conceptually ambitious, requires extensive national-level negotiations among diverse stakeholders both within and outside formal political institutions. Balancing the priorities of these various interests while reviving a sluggish economy will demand strenuous bargaining and the crafting of a developmental strategy that prioritizes industrial manufacturing. Yet, it remains crucial for South African political elites to understand their current position to navigate towards a prosperous future. A Complex Political Landscape The…
Biden Trails in Key Swing States: A Closer Look at the Latest Polling Numbers In a recent YouGov poll conducted for the Times and SAY24, President Joe Biden finds himself trailing former President Donald Trump in several crucial swing states. The data, collected between July 4 and July 12, shows Biden lagging behind in Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin. This period comes right after the presidential debate and just before last weekend’s attempted assassination of Trump. The SAY24 Project The SAY24 polling project is a collaborative initiative by Stanford University, Arizona State University, and Yale University,…
Navigating Brazil’s Legislative Maze: Lula’s Battle with a Conservative Congress As President Luiz Inácio Lula da Silva enters the latter half of his third term, his administration’s economic agenda has made notable strides. However, from the very beginning, Lula’s government has faced significant hurdles posed by a deeply conservative Congress. Dominated by powerful rural interests and factions loyal to former far-right President Jair Bolsonaro, this Congress has proven challenging for the administration to navigate. A Challenging Legislative Landscape Since assuming office, Lula has struggled to forge a stable coalition despite strategic endeavors to distribute cabinet positions among center and center-right…
Global Markets Plunge Amid Escalating China Trade War Fears £260 Billion Wiped Off World’s Largest Companies Amid escalating tensions between the United States and China, global markets have been thrown into disarray, erasing an estimated £260 billion in value from some of the world’s largest companies. This significant decrease underscores the far-reaching implications of the ongoing trade war, which has been a prominent concern for investors and businesses alike. Context and Background The Trade War’s Origin The trade war between the U.S. and China began in earnest in 2018 when the U.S. imposed tariffs on Chinese goods, citing unfair trade…
[ Ethiopia: A Country in Crisis Ethiopia has been embroiled in a prolonged militarized conflict since 2019, following Prime Minister Abiy Ahmed’s rise to power. The conflicts primarily involve government forces, sub-state, and non-state actors, with notable instances including the Tigray war and ongoing conflicts in the Oromia and Amhara regions. Despite a peace deal between the Ethiopian federal government and the TPLF that ended the two-year war, security issues continue to persist in the Tigray region as implementation challenges hinder progress. In Oromia and Amhara, conflicts between government forces and armed groups like the Oromo Liberation Army and Fano…