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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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Tata Electronics acquires 60% stake in Pegatron local arm for iPhone plant

Tata Electronics said on Friday it has bought a 60% stake in Taiwanese contract manufacturer Pegatron’s India unit that operates an iPhone plant, beefing up the Tata group firm’s position as an Apple supplier in a fast growing market. The stake acquisition in Pegatron Technology India is for Apple Inc’s iPhone plant near the southern

GB Logistics Vs HM Electroc Mech- Which is a better IPO to subscribe?

GB Logistics IPO and HM Electro Mech IPO have opened for subscription today, January 24. Both an SME issue, has drawn significant attention in the grey market. Let’s take a look at the key details of the two issues from GMP to subscription status. GB Logistics Vs HM Electroc Mech IPO: Subscription status As on

Nuvama raises target price for Ultratech. 3 reasons why…

The brokerage firm, Nuvama, has raised its target price for UltraTech Cement to Rs 11,574 per share while maintaining its ‘HOLD’ rating on the stock. According to them, UltraTech Cement has delivered a strong performance in Q3FY25 and exceeded expectations in several key areas. However, the firm is worried on the valuation front. They maintained

Indus Towers gets big thumbs up from brokerages. Stock up 2% 

Indus Towers delivered a stellar quarterly performance in Q3 FY25. Its net profit jumped 160% year-on-year. The profit performance was bolstered by significant overdue collections from a major customer, leading to a Rs 3,024 crore write-back of doubtful receivables. The brokerage houses are bullish and expect a dividend in the next quarter of the current

Income Tax Rules: 5 major changes in the last 6 months every taxpayer should know!

With Budget 2025 just around the corner, taxpayers eagerly anticipate what’s in store for their financial planning. The previous budget presented in July 2024, the first of the Modi 3.0 regime, introduced some changes under the new tax regime, from revised tax slabs to increased standard deduction. This year again, expectations are high for more