Indian IT majors are likely to register mid-to high-single digit growth over the next few quarters, indicating a slower-than-expected recovery even after Donald Trump’s re-election as the US President raised hopes of a corporate tax rate cut and the resultant increase in corporations’ discretionary spending and IT budget, brokerage firm CLSA has said. The sector
Birla Opus Paints, a division of Grasim Industries Ltd on Tuesday announced the unveiling of its fourth plant at Chamarajnagar, Mysore. The fully automated, integrated paint plant, unveiled by Chairman of the Aditya Birla Group, Kumar Mangalam Birla, commenced its commercial production today and will raise the company’s manufacturing capacity to 866 MLPA (Million Litres
The UK-India Free Trade Agreement (FTA), a key trade deal that could significantly reshape bilateral economic relations, is set to relaunch in early 2025. This announcement comes after a high-level meeting between UK Prime Minister Keir Starmer and Indian Prime Minister Narendra Modi on the sidelines of the G20 summit, signalling renewed commitment from both
– By Nari Katgara In an increasingly interconnected world, the Indian diaspora has grown into a significant global community, with over 35 million Indians living abroad. This community has a profound cultural connection to India that comes alive, especially during festive occasions. Festivals like Diwali, Holi, Eid, Durga Puja, Lohri, Navratri and Christmas represent nostalgia
BFSI (Banking, Financial Services, and Insurance) and Flex Spaces emerged as key demand drivers for office spaces during the third quarter of 2024, stated a report by Vestian. These sectors, it added, account for 39 per cent of the pan-India absorption in Q3 2024, reporting a growth of 20 per cent from the previous quarter.
Bharti Global, the international investment arm of Bharti Enterprises, announced that it has completed the acquisition of 24.5 per cent of the issued share capital in UK’s BT Group plc. This makes Bharti, which runs telecom company Airtel, the majority shareholder in the UK’s second largest telecom company, the BT Group, which was formerly called
The Competition Commission of India (CCI) has imposed a penalty of Rs 213.14 crore on Meta for abusing its dominant position. The penalty pertains to the controversial implementation of WhatsApp’s 2021 privacy policy, which mandated data sharing between WhatsApp and other Meta firms like Facebook, which had raised concerns about user privacy and market fairness.
India’s wearable market, which includes wristband, smartwatch, and earwear, fell for the second straight quarter on weak demand. In the July-September quarter, the market shipments fell 20.7% to 38 million, according to data by International Data Corporation (IDC). The fall can be attributed to a reduction in new product launches and a cautious inventory strategy
Gold pierced through the psychological milestone of $3,000 an ounce on Friday for the first time, building on an historic rally as trade tensions and U.S. rate cut bets supercharge its appeal as a safe haven asset. Spot gold was up 0.4% at $3,000.39 an ounce at 1031 GMT. Prices have scaled 13 all-time highs
Asia shares rose on Friday and global markets attempted a rebound after a brutal selloff earlier in the week, while gold reached a record as the latest escalation of global trade tensions left nervous investors seeking safe-haven assets. Relief over the likely aversion of a US government shutdown boosted stocks in Asian trade, after Senate
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After a brief lull in big-ticket IPOs, the Indian stock market is gearing up for another major listing – this time from a household name in consumer electronics. After Hyundai Motors India made waves last year, another South Korean giant, LG Electronics India, is ready to debut on the Indian stock exchanges. The consumer electronics
The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain closed on March 14 in observance of Holi. Trading in equities, derivatives, SLBs, currency derivatives, and interest rate derivatives will remain suspended for the day. The commodity derivatives segment will also be shut during the morning session from 9:00 am to 5:00
