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
Tata Consumer Products shares tumbled almost 10% to an intra-day low of Rs 986.35. The stock fell a day after it reported weak Q2 FY25 earnings numbers. The company reported a net profit of Rs 359.3 crore in the second quarter of FY25 Vs Rs 338 crore posted in the same quarter last fiscal. The company’s revenue
The new financial year has begun, and with it, the tax filing season has also arrived. Now, taxpayers can file their Income Tax Return (ITR) for Assessment Year 2025-26 (FY 2024-25), like every year, this time also, this process is available in both online and offline modes. What has changed in the ITR-2 filing process?
U.S. stock indexes tumbled on Thursday, with heavyweight technology stocks suffering big losses, as President Donald Trump’s sweeping tariffs on major trade partners ignited fears of an all-out trade war and heightened the risk of a global economic recession. Apple sank 8%, reeling from the impact of an aggregate 54% tariff on China, which is
Central government employees and pensioners were handed out a 2% hike in dearness allowance/dearness relief for January-June 2025 cycle – the lowest increase in about 7 years. This latest 2% hike took the DA/DR to 55%. Now these employees and retirees will be expecting at least 3% to 4% hike in the next DA revision
The domestic key equity indices closed on a negative note as Trump’s tariff tornado takes the globe by storm. The NSE Nifty 50 declined 82 points or 0.35% to settle at 23,250, while the BSE Sensex closed the day 322 points or 0.42% to finish at 76,295. The Nifty IT was the worst hit among
How will Trump tariff impact India? The markets are fairly resilient and Bernstein believes that “India will be able to safely navigate through the tariff challenges. While on the one hand they are predicting a recovery of the macros in India, they do not rule out recession in US. The international brokerage is Underweight on
