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
The combined market valuation of four of the top 10 valued firms declined by Rs 1,25,397.45 crore last week, with Reliance Industries taking the biggest hit, in line with weak investors’ sentiment at Dalal Street. Last week, the BSE benchmark index declined by 428.87 points or 0.55 per cent, and the Nifty dipped 111 points
The IPO market is buzzing as January 2025 comes to a close, with several companies opening their doors to investors. From healthcare to logistics and beyond, the upcoming week is a mix of mainboard and SME issues, along with allotments and listings from the previous week. Here’s a look at what the final week of
By Amriteshwar Mathur The December 2024 quarter results of ICICI Bank, the second-largest private sector bank, were keenly awaited in a bid to see the impact of continued high interest rates and sluggish growth trends in the broader economy. In its quarterly monetary policy review meeting in early December 2024, the RBI had downgraded real
Ahead of the Union Budget, the Ministry of Finance has notified the Unified Pension Scheme (UPS) “as an option” under the National Pension System (NPS) for central government employees. Effective from April 1, 2025, this scheme aims to provide assured payouts, a structured retirement benefit and added flexibility for employees. Here’s a breakdown of the
NTPC has reported strong financial performance for the third quarter of fiscal year 2025, with a notable increase in net profit and revenue. The company’s net profit rose by 3.1%, reaching Rs 4,711.4 crore, compared to Rs 4,571.9 crore in the same quarter last year. Also ReadTata Electronics acquires 60% in Pegatron Tech Revenue Growth
