Industry

Shorther furloughs than last year, when they were extended due to soft demand scenario, coupled with depreciating rupee, are expected to protect the margins of IT firms during the October-December period, which is otherwise seen as a weaker quarter. “Last year furloughs were extended because on discretionary spends were weak leading to a soft demand

In a strategic move to bolster its events and ticketing business, food delivery giant Swiggy has launched a new service called “Scenes” under its out-of-home vertical, Dineout. This feature enables users to book parties, events, and live music at Swiggy’s partner restaurants. “Scenes” is currently live in Delhi-NCR, Bengaluru, and Mumbai. In Delhi-NCR, users can

Switzerland has decided to withdraw the Most Favoured Nation (MFN) status granted to India, a move that will have significant tax implications for Indian companies operating in the European nation. This decision comes after an adverse ruling from the Indian Supreme Court regarding a tax dispute involving Nestlé, the Swiss food giant headquartered in Vevey.

The agrochemicals sector is poised to grow at 7-9 per cent in the next fiscal, after a modest 5-6 per cent growth in the current fiscal, stated a report by CRISIL Ratings. While the growth will be on the back of stable domestic demand and recovery in export volumes, CRISIL added, historically low realisations will

E-commerce unicorn Meesho, which primarily serves shoppers beyond tier I cities and metros, has recorded a 35% year-on-year rise in the number of orders placed on its platform this year. The growth largely came from categories such as beauty and personal care, and home and kitchen, which saw about 70% year-on-year growth in orders. Meesho

Tata Consultancy Services (TCS) on Friday announced that it has partnered with Landis+Gyr, an energy management solutions company based in Cham, Switzerland, to deliver innovative, flexible energy efficiency solutions for utilities. These solutions, it added, will empower utilities to help their commercial and industrial customers achieve sustainability goals, improve operational efficiency, and reduce carbon emissions. 

Indus Towers on Friday announced that it has entered into a Power Purchase Agreement with JSW Green Energy Eight Limited, a special purpose vehicle (SPV), for the procurement of renewable energy from Solar PV plant, under Captive mode. Under this agreement, the company will enter into an agreement for a proposed investment of approximately Rs

Adani-owned Ambuja Cements announced that it has commissioned and started power transmission from its 200 MW solar power project in Khavda. The balance 806 MW capacity from this project is at various stages of commissioning and expected to start transmitting in phases between March 2025 and June 2025, the company said in a regulatory filing.