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
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 markets regulator recently said it plans to release a consultation paper on a new product that combines mutual fund schemes with term insurance. Given the underwriting concerns & implementation challenges, fund houses may not be too enthused, explains Ananya Grover Are there any bundled products in the market? There are already similar bundled products
The traditional exploration approach in oil and gas sector is expensive, risky, and prone to mistakes, as it heavily relies on human fieldwork. Even drilling dry holes hit oil and gas companies where it hurts – their wallets. The investment poured into geological assessment, drilling and testing goes up in smoke when the well doesn’t
Enterprise AI is driving business transformation, with over 50% of AI use cases delivering impact, according to Infosys. Success is highest in professional services and tech, while financial services face regulatory hurdles. Satish H C, EVP, chief delivery officer, Infosys, tells Padmini Dhruvaraj, that the company is investing in small language models, Agentic AI, and
Global private equity giant Blackstone will double its exposure in India over the next few years to $100 billion, co-founder, chairman and CEO Stephen A Schwarzman said on Wednesday. “India has been a great market for us, giving us best returns globally. We are not rigid about the (allocated) investments in India,” Schwarzman said during
Rebel Foods plans to invest Rs 100-150 crore to help American burger chain Wendy’s expand its footprint in India to 500 stores by 2028. This expansion aligns with Wendy’s recently announced global plans to add 1,000 new restaurants by 2028. Currently, Wendy’s operates through 200 locations in India. Out of these, 185 are cloud kitchens
