Indian business leaders have launched a promising round of discussions in Mexico, aiming to unlock fresh trade and investment opportunities. The high-profile meeting, organized by the India México Business Chamber under the leadership of Amparo Kushelevich, signals a deeper alignment between the two nations as they explore ways to boost economic ties across sectors such
Finance Minister of India, Nirmala Sitharaman, kicked off her official visit to Mexico in the vibrant city of Guadalajara, a renowned IT hub in Latin America. Her choice of Guadalajara as her starting point underscores India’s commitment to fostering strong technological partnerships with Mexico and strengthening the region’s high-tech ecosystem. During her visit, she participated
The top four Indian IT services firms —TCS, Infosys, Wipro, and HCLTech — saw year-on-year decline in their total contract value (TCV) during the July-September period, due to the absence of mega deals and continued lumpiness in large deals. Further, geographically, revenue contribution from North America continued to decline for most them. Despite this, they
Nestle India’s growth may continue to be under pressure if the raw material prices remain elevated and urban demand is muted, analysts said. However, in the long run, its “RUrban” strategy may prove beneficial. Under it, Nestle India, which counts urban India as its majority consumer, aims to increase the company’s reach in rural and
JSW Steel has entered into a share purchase agreement to acquire 100% equity shares of thyssenkrupp Electrical Steel (tkES) through a 50:50 joint venture with Tokyo-headquartered JFE Steel for Rs 4,051.4 crore, the Sajjan Jindal-led steel company announced to the exchanges on Friday evening. The acquisition will be executed through Jsquare Electrical Steel Nashik, a
Tata Consumer on Friday beat Street estimates, reporting an almost 8% increase in net profit for the quarter ended September 2024 (Q2FY25) to Rs 364 crore, compared to Rs 338 crore in the same period last year. Analysts polled by Bloomberg had projected a net profit of Rs 343 crore for the quarter under review.
The recent reduction of over 20% in the allocation of Administrative Price Mechanisms (APM) gas to city gas distribution companies by GAIL India is expected to result in an increase in the prices of CNG (Compressed Natural Gas), as per analysts. As communicated by Indraprastha Gas and Mahanagar Gas, the government has decided to cut
India’s merchandise exports in the first half of FY25 rose at a modest rate of 1%, owing to slowdown in global demand, decline in oil prices, higher logistics costs for exporters, and of course, declining competitiveness in certain segments. The outlook for the second half is however of slight improvement, even as the current external
Tiger Global-backed B2B seafood chain Captain Fresh reduced its net loss by 22% to 229 crore in FY24, while growing its topline by almost 70% to1,395 crore. The company has plans to end the current fiscal with a profitable bottom line and revenue growth in the range of $500-550 million. The company’s expenses rose 44%
FMCG giant Dabur will respond to a notice issued by the Delhi High Court in a trademark infringement case on February 5. The notice, served late last week, pertains to Dabur’s use of the name “Schezwan Chutney” for one of its products, according to a report by Bar and Bench. The case was filed by
– By Chandan Singh Ghugtyal Over the past five years, the Indian e-commerce landscape has witnessed a revolutionary transformation. Especially with D2C brands setting their foot and gaining dominance, conventional marketplaces have been facing significant challenges. Moreover, with the emergence of new-age technologies D2C industry has gained amplified reach and prominence, cementing their position in
The Indian equity market ended the session on a positive note today, supported by gains in banking, and metal stocks despite losses in IT stocks. The BSE Sensex closed at 76,670.02, up by 0.45%, while the NSE Nifty 50 settled at 23,160.20, marking a gain of 0.32%. The weakness in the currency continues. Rupee slipped
What’s hot and what’s not in the current market? If you are looking at stocks that you could consider, Bernstein, a global brokerage firm, updated its 2025 model portfolio for India? There are 5 new additions and 4 exclusions. As per the new updated list, Bernstein has added Adani Ports and Bharti Airtel while Reliance
