Tech Mahindra reported a higher-than-expected earnings in the September quarter on the back of improved revenue growth in communications, hi-tech and media, and banking, financial services and insurance verticals. The consolidated revenue rose over 2% sequentially to Rs 13,313.2 crore in July-September against Rs 13,005.5 crore reported in the June quarter. The topline also beat
Indian business leaders have launched a promising round of discussions in Mexico, aiming to unlock fresh trade and investment opportunities. The high-profile meeting, organized by the India México Business Chamber under the leadership of Amparo Kushelevich, signals a deeper alignment between the two nations as they explore ways to boost economic ties across sectors such
Finance Minister of India, Nirmala Sitharaman, kicked off her official visit to Mexico in the vibrant city of Guadalajara, a renowned IT hub in Latin America. Her choice of Guadalajara as her starting point underscores India’s commitment to fostering strong technological partnerships with Mexico and strengthening the region’s high-tech ecosystem. During her visit, she participated
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
U.S. stocks fell on Tuesday, adding to the biggest selloff in months, as investors worried about the impact of the latest tariff threats on the global economy. Trading was volatile, following conflicting tariff updates, while progress toward a ceasefire between Ukraine and Russia briefly lifted equities. The S&P 500 index dropped as low as 5,528.41
Shares of property developer Lodha, listed as Macrotech Developers, surged 6.72% in intra-day trade on reports that the company has acquired a land parcel in Mumbai for Rs 279 crore. According to reports, the company has signed a deal to acquire a 3.4-acre land parcel in Mumbai’s Jogeshwari West from Unichem Laboratories for over Rs
The launch of Zomato Nugget might seem similar to Amazon’s opening up of Amazon Web Services but it will not be easy for the former to make a big mark in the space, say experts. Last month, Zomato CEO Deepinder Goyal announced the launch of Nugget as an AI-native, no-code customer support platform designed to
India’s top central public sector enterprises with “maharatna” and “navratna” tags reported mixed picture in their efforts to improve corporate governance, going by the fourth edition of the survey by Excellence Enablers. The survey, which covers the four years through FY24 reveals these companies (38 at last count) witnessed an increase in audit committee meetings
Tata Consultancy Services (TCS) will acquire Bengaluru-based Darshita Southern India Happy Homes, a commercial real estate firm, for Rs 2,250 crore, the IT services major said in an exchange filing on Tuesday. The building and the land owned by Darshita Southern India Happy Homes will serve as a delivery centre, it added. The deal will
