Global IT solutions provider Coforge (formerly NIIT Technologies) surpassed $1 billion (over Rs 8,014 crore) in revenue in FY23, registering PAT at Rs 8,117 million (Rs 811 crore), up 22.7 per cent (on-year), it announced on Thursday.

Maiya will replace Vikaash Khdloya, who has expressed his intent to pursue other interests and will step down as CEO effective June 30, 2023. He will assume the role of Senior Advisor to the REIT until the end of this year, the company said.

For the full fiscal, revenue grew 22% to Rs ₹8,013 crore while profit also jumped 22% to cross the ₹1,000 crore milestone at ₹1,169 crore.

Brookfield Renewable, through its Brookfield Global Transition Fund (BGTF) will be investing up to $ 1 billion in Avaada Ventures Private Limited. ET first reported on 10 April that Brookfield has signed a deal to invest up to $1 billion in Avaada, and that the investor has disbursed the first tranche of $400 million.

​​Arun Nanda served as Executive Director, Mahindra & Mahindra Ltd. from 28/08/1992 to 31/03/2010, and subsequently as Non-Executive Director till 08/08/2014. During his career with the Group, Mr. Nanda has run a diverse set of businesses. His most significant achievements include the Group's diversification into leisure and hospitality, and the setting up Mahindra World Cities in Chennai and Jaipur.