American tech giant Meta may find it tough to get interim relief against the Competition Commission of India’s (CCI’s) Rs 213-crore penalty on it for its alleged abuse of the dominant position of its messaging app WhatsApp, according to competition law experts. “It would not be easy for the appeal court to disagree with the
The topmost priority of NTPC Green Energy Ltd after its listing will be to scale up renewable energy capacity in a phased manner to 19 giga watt (GW) by 2026-27 at an estimated investment of Rs 1 lakh crore, Gurdeep Singh, chairman and managing director of its parent company NTPC Ltd said on Tuesday. The
Yubi Group, backed by Peak XV and Lightspeed Ventures, reported a nearly 50% year-on-year increase in revenue, reaching Rs 490 crore in FY24. In an interview with Narayanan V, Gaurav Kumar, founder and CEO of the Chennai-based fintech unicorn, shares insights into the key growth drivers, the business outlook for the current fiscal year, and
HSBC Global Research has cut its 2025 year-end target for the Sensex to 90,520, from 1,00,080 points, citing risks from earnings downgrades and high valuations. “We see a 15% upside in India, but earnings per share (EPS) downgrades point to growth shifting down a gear to a still strong but more sustainable level,” Herald van
The National Stock Exchange (NSE) has revised the eligibility criteria for stocks listed on other exchanges to get directly listed on its mainboard platform. The exchange has raised minimum net worth of such companies to Rs 75 crore for each of the three previous years from the existing Rs 10 crore. If not, the security
AI’s transformative potential is expected to disrupt the labour market, with tasks rather than job roles becoming the focal point, Rishad Premji, executive chairman of Wipro said on Tuesday. He said that enterprises around the world are gradually adopting AI technologies with many cautious about the rapid pace of its evolution. However, consumer uptake is
IT company LTIMindtree has extended its contract with Nexi Group, an European paytech provider. This collaboration is set to elevate Nexi’s technology landscape across its core acquiring, issuing, and e-commerce platforms, further solidifying its position as a key player in the digital payments space. As a part of this partnership, LTIMindtree will leverage its technical
Indian IT majors are likely to register mid-to high-single digit growth over the next few quarters, indicating a slower-than-expected recovery even after Donald Trump’s re-election as the US President raised hopes of a corporate tax rate cut and the resultant increase in corporations’ discretionary spending and IT budget, brokerage firm CLSA has said. The sector
Companies in the business of keeping cool are gearing up for a record summer this year. With temperatures already on the rise in the west, east and parts of the north, firms are readying production and distribution initiatives to meet the demand surge expected in the coming summer months. “February and the first two weeks
The domestic stock exchanges have seldom had it so good. Over four years of a bull market, coupled with investors entering in droves — it’s a heady mixture for the bourses. Consequently, their coffers have been flowing over. Sample this: India’s biggest stock exchange – the NSE – reported a 57% and 94% year-on-year growth
Gold prices have reached an unprecedented milestone, surpassing $3,000 an ounce for the first time in history. This surge is largely fuelled by a vigorous buying spree by global central banks, states Bloomberg. Since Russia’s 2022 invasion of Ukraine, central banks have increasingly turned to gold to diversify reserves and reduce dependency on the US
Gold pierced through the psychological milestone of $3,000 an ounce on Friday for the first time, building on an historic rally as trade tensions and U.S. rate cut bets supercharge its appeal as a safe haven asset. Spot gold was up 0.4% at $3,000.39 an ounce at 1031 GMT. Prices have scaled 13 all-time highs
Asia shares rose on Friday and global markets attempted a rebound after a brutal selloff earlier in the week, while gold reached a record as the latest escalation of global trade tensions left nervous investors seeking safe-haven assets. Relief over the likely aversion of a US government shutdown boosted stocks in Asian trade, after Senate
