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
Go to Live UpdatesQ3 Results Today Live Updates: With a number of major companies across sectors already having released their Q3 numbers, the fiscal third quarter earnings season is now in full swing. Till date, majors like Reliance Industries Ltd, TVS Motor, Zomato, Hyundai Motor, Tata Motors, Maruti Suzuki India, L&T, Paytm, Adani Enterprises, Adani
State-run oil giant Oil and Natural Gas Corporation (ONGC) is set to release its financial performance for the quarter ending December 2024 today, January 31. The announcement, which will include both standalone and consolidated financial statements, is one of the most awaited updates for investors in the oil and gas sector. Here are some key
By Brijesh Bhatia The January Futures and Options (F&O) expiry ended on a sour note, with the benchmark indices suffering a decline of nearly 500 points, or about 2%. This downturn marked a six-month low, with heightened fear on Dalal Street, particularly as mid-cap stocks faced severe selling pressure. With the Union Budget set to
By Amriteshwar Mathur The steel industry has been facing multiple headwinds with surging steel imports from south-east Asian nations over the past few quarters along with sluggish growth trends in the domestic economy, given a slowdown in government spending on infrastructure projects. It’s no surprise that steel companies reported near 8-9 % y-o-y fall in
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 are poised to see a muted start on Friday. Also, Asian markets opened majorly on a higher note in early trade hours. Previously, on Thursday, the NSE Nifty 50 closed the session 86.40 points or 0.37% higher at 23,249.50, while the BSE
