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
Quick commerce platform Zepto will start selling Apple products, including the latest iPhone 16e, on its platform this week, according to people with direct knowledge of the development. The assortment will have iPads, Apple Watches and AirPods, among other accessories. This comes just two weeks after its rival Blinkit announced it would start delivering other
The planned imposition of the claimed reciprocal tariffs on imports by the Donald Trump administration will impact Tata Motors and Samvardhana Motherson International (SAMIL), research and rating agency Moody’s said on Monday. Vehicle exports to the US are limited at around 3% of total exports for India. However, auto parts suppliers and luxury carmakers selling
Religare Enterprises (REL) on Monday said it has commissioned a governance review of the company and subsidiaries, Religare Finvest and Religare Housing. It has also sought immediate funds from its promoters — the Burman family — to sustain operations. “The objective is to review the past operating practices, suggest improvements around systems and controls for future
Ashok Ambade, a property broker in Thane near Mumbai, says he has seen a 10-20% drop in buying enquiries in the last six months. “There are very few buyers now,” Ambade, who has been in the business for 20 years now, adds. Vineet Matlani, another broker, pegs the decline in enquiries at an even higher
The Centre in January this year announced the 8th Pay Commission, which will submit its report to the central government for revision of salaries and pensions. Ever since the pay panel was announced, central government employees and pensioners have been eagerly awaiting the appointment of 2 committee members and the chairman. The government is expected
