India’s merchandise exports are expected to grow 1.85% on year in October-December quarter to $ 107 billion, according to a forecast. “Non-oil exports are forecast to amount $ 91.7 billion, with a y-o-y growth of 7.39%, during Q3 of FY 2025. Non-oil and non-gems and jewellery exports are forecast to amount $ 82.7 bn, with
India is willing to lift or ease import tariffs on certain goods if it does not hurt local manufacturing capacities, finance minister Nirmala Sitharaman said on Tuesday. The statement signalled the government’s thinking on how to deal with the threat of US president-elect Donald Trump to impede market access for Indian merchandise to the world’s
It’s not only Tata Consultancy Services, but other top IT services firms have also cut the variable pay of senior employees due after the September quarter as the sector continues to face headwinds on account of muted client budgets, industry sources said. However, at junior to mid-levels, most employees have got up to 100% variable
Metropolis Healthcare recently reported its unaudited consolidated financial results for the quarter ended September 30th, 2024. Metropolis Healthcare Ltd.’s consolidated net profit rose 31 percent in the second quarter of fiscal 2025, meeting analysts’ estimates. According to the company’s statement, the diagnostics company’s profit stood at Rs 46.7 crore in the quarter ended September, compared
Zydus Lifesciences Ltd. on Tuesday announced its unaudited consolidated financial results for the quarter and half year ended September 30th, 2024. The company’s net profit for the July to September period surged 13.7% year-on-year to Rs. 911 crore, compared to Rs. 801 crore reported in the same quarter last year. Zydus Lifesciences spent Rs 480
Hindalco Industries Ltd announced its fiscal second quarter earnings with a profit of Rs 3,909 crore, registering a growth of 78.0 per cent in comparison to Rs 2,196 crore during the same period of previous financial year. Profit, it said, was driven by a strong operational performance by the India business, favourable macros and prudent
For the record, the government is keen to improve operational efficiencies of the insolvency resolution process, and acutely aware of the need to expeditiously free up sunk capital of bankrupt firms. Several legislative and administrative measures have been taken apparently with this intent, and more are in the offing. However, if anything, the time taken
Larsen and Toubro (L&T) on Tuesday announced that its Energy CarbonLite Solutions vertical has bagged ‘Limited Notice to Proceed’ (LNTP) from NTPC Ltd for setting up thermal power plants in Madhya Pradesh and Bihar. The orders pertain to main plant packages of 2×800 MW Stage-II thermal power plant at Gadarwara in Madhya Pradesh and 3×800
In September 2024, I wrote a piece, ‘Flexi Cap Funds v/s Multi Cap Funds: Which Is Better at a Market High?’. The valuations of the Indian equity market then were exceptionally high: the BSE SmallCap P/E and BSE MidCap P/E were at around 36x and 34x, respectively, while the BSE LargeCap Index was nearly 26x.
Indian banking has witnessed various challenges over the last few years, from mounting non-performing assets (NPAs) to regulatory action and issues of corporate governance. Banks are generally considered pillars of country’s financial stability, and thus any disruptions within prominent banks could have extensive ramifications. Institutional investors, regulators, and analysts are keenly watching such events because
If sixty is the new forty, the travel industry is making the most of it, offering curated packages for the sexagenarians, septuagenarians and even octogenarians. From cruises to skiing, Europe to Japan, there is something for everyone, even a trip to Antarctica. Booking.com’s Travel Predictions 2025 suggest baby boomers (those born between 1946 and 1964)
Contract manufacturing marketplace Zetwerk Manufacturing Businesses is eyeing an initial public offering (IPO) within the next 15 to 24 months, a senior company official said. “I don’t know if it (IPO) will happen this year. We are looking to file. We are doing all the preparation work, but I think 15 to 24 months is
The Bureau of Indian Standards (BIS) has conducted raids on warehouses operated by major e-commerce platforms, including Amazon and Flipkart, resulting in the seizure of thousands of uncertified consumer products, according to the consumer affairs ministry. Key seizures from Amazon and Flipkart On March 7, BIS officials raided an Amazon warehouse in Lucknow, confiscating 215
