By Chandrima Chatterjee India is looking at $100 billion worth of textile exports by 2030. Ahead of Budget 2025, Chandrima Chatterjee suggests tweaks in the quality control orders for textile products and tackling non-tariff barriers faced by exporters to leverage free trade agreements to the maximum Current status of the textile and apparel sector The
Jewellery firms are set to report a strong year-on-year revenue growth for the October-December quarter, driven by strong wedding and festive demand, according to analysts and company updates. “Consumption remained buoyant, supported by higher realisations amid sustained gold price increases, a higher number of auspicious days, and a gradual shift from unorganised to organised trade
The Competition Commission of India (CCI) has approved Tata Electronics’ (TEPL) proposal to acquire a majority stake in Pegatron Technology, a Taiwanese contract manufacturer and Apple iPhone supplier. TEPL is a wholly-owned subsidiary of Tata Sons. TEPL have expertise in manufacturing high-precision components for large customers. TEPL will acquire the majority shareholding of Pegatron India
Some of the country’s top paint makers, including Berger Paints, JSW Paints, Indigo Paints and Aditya Birla group, which forayed into the sector in 2024, are in the race to buy a majority stake in AkzoNobel India, sources have told FE. AkzoNobel India is the country’s fourth-largest paints company with an estimated market share of
The rupee snapped a five-day losing streak and recorded its biggest single-day in more than a month on Tuesday, as reports suggested that US President-elect Donald Trump is likely to be less aggressive with his policies on tariff. Other Asian currencies, too, gained between 0.2% and 0.9% vis a vis the greenback. The rupee, after
Tata Consultancy Services (TCS), which will report its October-December earnings on Thursday, is expected to report muted revenue growth for the quarter. However, analysts expect a boost in its margins due to operational efficiencies and favourable cost structures. Also ReadMarico Q3 Preview: Can price hike stem margin contraction? According to Bloomberg estimates, the IT firm’s
The Union Budget 2025-26 is set to be presented by Finance Minister Nirmala Sitharaman next month, and almost all segments of society, encompassing taxpayers, various industries, and trade unions, are anticipating the introduction of relief measures from the government. Some industry bodies have already started submitting their demands to the finance minister. In their customary
The markets closed flat but most IT stocks were under pressure. Even while the broader index – Sensex and Nifty recovered from the sharp cuts the previous day, the Nifty IT index was among the few that closed the session with significant losses. HCL Tech clocked significant losses. Analysts explained that the growth concern about
It was a cruel joke on the stock markets on April Fool’s day, which was also the beginning of a new financial year. Stock indices fell over 1.5% on Tuesday — their biggest single-day drop in more than a month. Fears of US President Donald Trump’s reciprocal tariffs kicking in April 2 kept investors on
Less than a month after ending their strike, the Samsung India Workers’ Union (SIWU) has threatened to issue a fresh strike notice, citing unfair labour practices and alleged vindictive actions by Samsung India management. The decision was taken at a general body meeting in Kancheepuram on Sunday, which was reportedly attended by over 1,000 workers.
Tech Mahindra is witnessing a sizable market in the Asia-Pacific region (APAC) including Japan, with a strong demand flow and a robust pipeline for new projects across various industries, including telecom, BFSI, retail, and manufacturing, Harshvendra Soin, President – Asia Pacific and Japan Business, Tech Mahindra, told FE. “This (fiscal) year has been a tremendous
Taiwanese manufacturing giant Foxconn has procured machinery worth $32 million (about ₹276 crore) for manufacturing Apple products in India. The purchase comes months after China allegedly delayed shipments of specialised equipment and restricted new work rotations for Chinese employees at its Indian factories. In a regulatory filing, Foxconn said, its subsidiary, Foxconn Hon Hai Technology
Ahead of US President Donald Trump’s imposition of reciprocal tariff from April 2, gold prices on Tuesday hit an all-time high as investors sought safety amid the stock-market meltdown. In the international market, spot gold prices hit $3,148/ounce. From $2,624 at the beginning of the year, prices have so far appreciated 20% in 2025. In
