IT services firms are witnessing a significant rise in deals up to $30 million, as clients are prioritising immediate return on investment (ROI), adopting AI technologies, and as companies across geographies such as the Middle East and Asia-Pacific are increasingly looking to improve their digital infrastructure. Industry giants like Infosys, Tata Consultancy Services, Wipro, and
Tata Power Trading, a subsidiary of Tata Power, and Singapore-based asset manager and operator Keppel have entered into a strategic collaboration to launch Cooling-as-a-Service (CaaS) solutions in India. CaaS offers businesses and building owners long-term, energy-efficient cooling solutions without the need for heavy infrastructure investment, enabling significant energy and cost savings, the companies said in
The Securities and Exchange Board of India (SEBI) proposed on Thursday to mandate that valuations of mutual fund investments in repo transactions with a tenure of up to 30 days be conducted on a mark-to-market basis, aligning them with the norms for all other money market and debt instruments. Currently, the valuation of repurchase (repo)
Godrej Consumer Products (GCPL) on Thursday reported a 13.5% year-on-year rise in consolidated net profit to Rs 491 crore for the quarter ended September 30 (Q2FY25), marginally below Street estimates of Rs 499 crore. Revenue from operations was up nearly 2% y-o-y to Rs 3,667 crore, which compares favourably with a Rs 3,631-crore estimate by
The top Muhurat trading picks of 2023 have given an average return of nearly 6%, significantly underperforming the benchmark indices. While only 3 of the 12 gave returns above benchmark indices, none outperformed broader market indices. The data considers recommendations made by 11 brokerage firms for Samvat 2080, and includes only 12 stocks which were
Kia launched the new-gen Carnival called Carnival Limousine earlier this month at a price of Rs 63.90 lakh (ex-showroom). This makes the new Carnival almost Rs 30 lakh dearer than its predecessor. Interestingly, Kia claims the new Carnival to be locally assembled CKD model whereas the previous-gen model was a fully-imported CBU. The Korean carmaker
Worker safety at construction sites is a critical concern, especially considering the high-risk nature of the industry. Construction workers face numerous hazards daily, from falls to machinery accidents, and tragically, many lives are lost each year due to accidents that could have been prevented. According to recent data, accidents at construction sites in India have
8th Pay Commission: The National Council of the Joint Consultative Machinery (JCM), the apex body in the JCM scheme which deals with various issues affecting central government employees, will reportedly hold a meeting next month. The scheme of JCM is a platform for constructive dialogue between the representatives of the staff side and the official
Quarterly transactions in the office market reached a historic high of 28.2 million square feet in the January-March period, shows a Knight Frank report. Global capability centres (GCCs) were the largest consumers of office space during the period, accounting for 44% of the total transaction volume. A resurgence in demand from the third-party IT services
The reciprocal tariff of 27% will jack up customs duties faced by Indian exporters of studded and gold jewellery in the US to 32-34%, including 5.5-7% extant tariffs. Diamond products which currently do not have any tariffs, will cost US importers a 27% import duty. Sabyasachi Ray, Executive Director of the Gems & Jewellery Export
Corporate India is gearing up for a challenging trade environment in the wake of the 27% reciprocal tariffs imposed by the US on Thursday. While the Trump administration has described the move as its moment of liberation, India Inc leaders feel there are some pain as well as some gain. From India’s perspective, key sectors
Dusit International, a leading Thai hotel and property development company, on Thursday announced plans to expand its presence in India by launching its luxury and upper-midscale brands in key emerging markets. The strategic expansion plan builds on the momentum of Dusit’s recent foray into the Indian market with the soft-opening of the contemporary and upscale
The quarterly updates of fast-moving consumer goods (FMCG) companies, which has been released so far for the January-March 2025 period (Q4FY25), present a mixed picture of the sector at a time when urban demand has remained weak. Rural demand, in contrast, has been resilient and is expected to improve in the coming months. While Marico
