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Accenture lifts FY25 growth forecast; signals trends for Indian IT sector

Nasdaq-listed IT services major Accenture has raised its annual revenue growth forecast for fiscal 2025 to 4-7%, up from the earlier projection of 3-6%. The revision is attributed to a reduced negative impact from foreign exchange fluctuations, now expected to be approximately 0.5%, compared to the 1.5% projected earlier. Accenture’s performance and outlook are of

JSW Infra unveils Rs 30K crore capex plan

JSW Infrastructure, India’s second-largest private port operator, has outlined an ambitious capital expenditure plan of Rs 30,000 crore to increase its cargo-handling capacity to 400 MTPA by FY30. The port operator has planned brownfield projects at three locations and aims to initiate greenfield developments at three additional sites to establish new ports. To strengthen its

Bharti Airtel makes prepayment of Rs 3,626 crore to clear 2016 spectrum dues

Telecom major Bharti Airtel on Thursday announced that it has made prepayment of Rs 3,626 crore to the Department of Telecom, thereby fully clearing its liabilities for spectrum it had acquired in 2016 auction. With this payment, Bharti Airtel has now prepaid all its spectrum dues that had interest costs higher than 8.65 per cent

Will Zomato ‘serve it’ to Swiggy, Zepto with launch of ‘Bistro’? Know more about this ‘new-age canteen service’

The quick food delivery space is witnessing intensifying competition with players like Zomato, Swiggy, Zepto, all putting in their best foot forward to have an edge over the other. The most recent in this race is Zomato-owned Blinkit launching ‘Bistro’, a 10-minute food delivery app. Bistro opens up a wide range of use cases that

Stove Kraft enters into partnership with IKEA to develop, supply cookware to be sold through IKEA’S network

Stove Kraft Ltd on Thursday announced that it has entered into a strategic partnership with IKEA to develop a range of cookware to be sold through IKEA’s global network of stores from 2026. In an exchange filing, the company informed that the manufacturing facility for this partnership is being housed in a built up area

NielsenIQ appoints Joe Ellis as Managing Director for India

NielsenIQ (NIQ) on Thursday announced the appointment of Joe Ellis as the new managing director for its India business. The announcement follows a year after NIQ and GfK merged to form a consumer intelligence firm, with significant investments in omnichannel coverage, business intelligence tools, and predictive analytics. The appointment highlights NIQ’s commitment to its India

JSW Infrastructure targets cargo-handling capacity expansion to 400 MTPA by FY30, announces capex of Rs 30,000 crore for FY25-30

JSW Infrastructure (JSWIL) on Thursday announced that the company is set to reshape the nation’s ports and logistics sector with its growth strategy. The company aims to expand its cargo-handling capacity to 400 million tonnes per annum (MTPA) by FY30, it said in a regulatory filing.  Investments to drive capacity expansion JSW Infrastructure has announced

Infosys unveils Rs 426-crore development centre in Kolkata

The country’s second largest IT services firm, Infosys, on Wednesday inaugurated a state-of-the-art development centre (DC) in New Town, Kolkata, marking a major milestone in West Bengal’s IT growth story. Built with an investment of over Rs 426 crore, the 320,000 sq ft facility is designed to accommodate over 4,000 employees in a hybrid working
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Latest Articles

Physics Wallah confidentially files for $500-mn IPO

Edtech giant Physics Wallah has confidentially filed for an initial public offering (IPO) that could raise as much as $500 million, according to a report by IFR. The company in October 2024 said it might launch a $400-500-million IPO in 2025. If the public issue is launched, Physics Wallah will be the first pure-play edtech

FY25 advance taxes grow 14.6%; Q4 rise at just 2.4% 

Advance tax collections from the corporate sector, other firms and individuals in the current fiscal stood at Rs 10.45 lakh crore as on Sunday, up 14.6% on year. In the corresponding period of last fiscal, these collections — a proxy of corporate profitability and the state of the economy — stood at Rs 9.11 lakh

Each demerged Vedanta firm has potential to be $100-bn company, chairman Agarwal

The four new companies formed after the restructuring of Vedanta have the potential to be $100 billion firms each, chairperson Anil Agarwal has said in a letter to shareholders. He has also highlighted the potential of the natural resources sector, both in India and global economies.“While Vedanta currently contributes close to 1.4% to India’s GDP, there

FMCG firms seek separate law for beauty products

Fast-moving consumer goods (FMCG) companies are asking for a separate law to govern beauty and personal care (BPC) products, saying current regulations under the Drugs and Cosmetics Act 1940 impede growth. At present, the making of soaps, skin care, hair care, oral care and cosmetic products, much like drugs, is regulated under a system of

Amazon eyes spinoff and local listing Valuation may get impacted due to ongoing CCI probe

E-commerce major, Amazon, is exploring the possibility of spinning off its India operations and listing it, according to industry sources. The company, which is the second largest player in the e-commerce sector, behind Flipkart, has initiated preliminary talks with investment banks to assess the feasibility of such a move, sources added. According to a report