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Indian CEOs set their sights on Mexico as key trade hub in landmark talks

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

India’s Finance Minister Takes Tech Diplomacy Global: Major Moves in Mexico’s IT Hub!

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

Big deals continue to elude big 4 IT firms

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

Higher raw material prices may keep Nestle’s growth under pressure

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 subsidiary to acquire thyssenkrupp Electrical Steel for Rs 4,051 crore

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 Q2 net up 8 per cent; beats estimates

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.

CNG prices to increase as APM gas supplies cut, yet CGD firms may take a hit

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

Moderate pick-up in exports predicted for H2

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
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Q3 Results Live Updates: HDFC Bank, HUL, BPCL, Coforge, Tata Communications, others releasing Q3 results today

Go to Live UpdatesQ3 Results Live Updates, HDFC Bank, Hindustan Unilever Earnings Live: The fiscal third quarter earnings season has begun and IT giants like Tata Consultancy Services (TCS), HCL Tech, Infosys, Tech Mahindra, Wipro, and others from across sectors including Reliance Industries Ltd, Zomato, Paytm, Axis Bank, ICICI Prudential Life Insurance Company, Cyient DLM

JSW Group signs MoU with Maharashtra to invest Rs 3 lakh crore to expand in EV and green energy sectors

Sajjan Jindal-led JSW Group announced that the company will invest Rs 3 lakh crore across critical sectors in Maharashtra. JSW Group signed a  Memorandum of Understanding (MoU) with the Government of Maharashtra to expand its presence in electric vehicles, batteries, steel, and green energy sectors. In a statement, JSW Group said that the investment will

Markets rise higher, Nifty near 23,100, Sensex up over 300 points; Cyient DLM slides 12%

Indian equity indices opened Wednesday’s trading session gap-up. The NSE Nifty 50 opened 50 points, or 0.22%, higher at 23,074.65, while the BSE Sensex rose 185 points, or 0.24%, to open at 76,023.44. The overnight rally in the US markets boosted sentiments.  The GIFT Nifty indicated a higher opening for stocks. It was up 38

Hindustan Unilever Share Price Today Live Updates, 22 Jan, 2025: Hindustan Unilever on the radar

Go to Live UpdatesHindustan Unilever Share Price Today Live Updates, 22 Jan, 2025: The Hindustan Unilever share is in news and the counter closed trade on 21 Jan, 2025 at Rs 2340.4. The shares touched intraday high of Rs 2377.45 in the last trading session while the intraday low was at Rs 2332.05. The company’s

Markets on edge: Dollar slips amid uncertainty over Trump’s tariff plans

The US dollar drifted slightly lower on Wednesday as financial markets grappled with uncertainty surrounding President Donald Trump’s tariff plans. Despite Trump’s statements about imposing a 10 per cent tariff on Chinese imports and 25 per cent levies on goods from Mexico and Canada starting February 1, a lack of concrete details has kept traders