The Centre’s move to continue the New Pension System (NPS) for central government employees has been supported by former Deputy Chairman of erstwhile Planning Commission Montek Singh Ahluwalia, who feels that states going back to the Old Pension Scheme (OPS) are taking a wrong decision. The Atal Bihari Vajpayee government in January 2004 introduced the
Just days after Adani Enterprises (AEL) announced its plans to exit from Adani Wilmar, the FMCG major on Saturday released its standalone performance report for the quarter ended December 31, 2024, wherein it posted a revenue growth of 33 per cent on-year. The FMCG firm recorded a healthy 6 per cent YoY growth in volumes
As we entered the new year, how is the IT services industry expected to perform in CY25? Per JM Financial, CY25-start has little in common with CY24. Last year this time, the book of business was transitioning from (eroding) discretionary book to efficiency-led work. Per the analysis report by the brokerage firm, leakages have reduced
– By Sunil Gupta As India embarks on an ambitious clean energy journey, aluminium stands at the forefront of this transformation. Aluminium is playing a pivotal role in powering new domestic innovations across energy storage, transportation, and infrastructure development. With the country targeting 50% of electricity generation from renewable sources by 2030, aluminium is an
A New York court has ruled that the criminal and civil cases against Indian billionaire Gautam Adani and others, linked to an alleged bribery scheme, are “related” and will be handled by the judge presiding over the criminal case. According to an order from the US District Court for the Eastern District of New York
The Centre’s dividend receipts from the Central Public Sector Enterprises (CPSEs) and other investments have fetched Rs 48,376 crore or 86% of the annual target so far in the current financial year. Going by the performance of the CPSEs so far, the dividend receipts from these companies is poised to exceed Rs 60,000 crore for
In the streets of Bengaluru in 2014, Kabeer Biswas used to coordinate deliveries through WhatsApp groups, personally responding to customer requests and managing the first 8,000 deliveries of what would become Dunzo. The rise was spectacular for Biswas. By 2016, Dunzo became a verb synonymous with convenient hyperlocal delivery in India and boasted millions of
While a weakening rupee is a dampener for foreign investment inflows into India, export-oriented companies could benefit from the fall in the local currency, as they become more competitive against China, Mark Mobius, chairman of Mobius Emerging Opportunities Fund, said on Friday. “I would look at export-oriented companies to begin with because of the currency
The Indian IT services sector is likely to face challenges in FY26 due to increasing regulatory and economic uncertainties linked to the policies of the US administration under the presidency of Donald Trump. Analysts believe that pauses in IT budgets by corporate clients, combined with these uncertainties, could delay the industry’s recovery. The proposed tariffs
Flipkart Internet, the marketplace arm of Walmart-owned e-commerce major Flipkart, has received Rs 3,249 crore from its parent entity based in Singapore. The board at Flipkart has issued 470,773 equity shares at an issue price of Rs 69,014.7 each on a right issue basis to raise Rs 3,249 crore from Flipkart Marketplace Private Limited (Singapore)
By Amit Chadha For decades, India was the nerve centre of IT services, revolutionising how businesses worldwide operate. But over the past few years, a new wave of transformation has been underway — one that redefines India’s position on the global innovation map. Engineering R&D (ER&D) is becoming the backbone of India’s growth story, driving
Large sections of Indian industry, including sectors that are seen to be relatively more vulnerable to the reciprocal tariffs by the US, appeared largely unperturbed on Wednesday ahead of the Donald Trump’s administration’s imminent disruptive move. Several key industries that have high interest in the lucrative US markets, including electronics, pharmaceuticals, auto parts, and gems
A day after declining by over 1.5% due to nervousness over US President Donald Trump’s looming reciprocal tariffs, Indian stock markets put up a brave face on Wednesday, with benchmark indices bouncing back and erasing over half the losses incurred earlier in the week. The rupee, on the other hand, closed a little weak, depreciating
