The demand for tech talent (excluding freshers) from GCCs (Global Capability Centres) continued to outpace that of IT companies in the second quarter of FY25, as clients’ discretionary spending showed a slower recovery. According to industry data from TeamLease Digital, GCCs accounted for 52.6% of job openings for tech profiles in the September quarter, maintaining
Tata Consumer’s MD & CEO Sunil D’Souza believes that food inflation is putting pressure on urban spending, which is taking a toll on out-of-home consumption. In a conversation with FE, D’Souza throws light on the company’s strategy in the wake of inflationary concerns and whether volume growth will continue be weak. He also indicates how
Aditya Birla Group’s UltraTech Cement on Monday missed Street estimates on all the key fronts during the July-September quarter, primarily because of slowdown in demand due to monsoon and project delays which hit price realisations. The company’s net profit fell 36% year on year to Rs 820 crore, while revenue from operations was down 2.4%
A division bench of the the Delhi High Court on Monday deferred hearing an appeal filed by MB Finmart, a Burman Family entity, opposing the Registrar of Companies’ (RoC) three-month extension for Religare Enterprises’ annual general meeting (AGM) for 2023-24, citing an absence of the RoC’s reply. The court has set the next hearing on
Zomato Q2 Results 2024: As Zomato gears up for its Q2 FY25 financial results, here’s everything you need to know about the date, time, and how to tune in for the live earnings call. Date of Zomato Q2FY25 Results Mark your calendars! The Board of Directors of Zomato will convene tomorrow, October 22, 2024, to
Go to Live UpdatesQ2 Earnings 2024 Live Updates: The Q2 earnings season has started and is in full swing. Market participants will watch out for the Q2 performance of the likes of Bajaj Housing Finance, City Union Bank, Union Bank of India, Gravtia India, Cyient DLM, and Mahindra Logistics among others. The earnings so far
83% of Indian businesses view technology advancements and the consequent rise is concerns around data privacy, security vulnerabilities, and regulatory compliance as major risk factors, according to Horizon Watch Emerging Risk Report 2024. The report, published by Tata AIG General Insurance and Dun & Bradstreet India, was conducted among 300 business leaders across 25 sectors
The earnings season has got off to a subdued start, with virtually every heavyweight disappointing the Street. Net profits of a sample of 164 companies (including banks and financials) were up 7% year-on-year on the back of an 8% rise in revenues. But net profits would have fallen but for a 23% jump in other
If you are planning to save tax along with investment, then the Equity-Linked Savings Scheme (ELSS) can be a great option for you. ELSS mutual funds not only offer tax exemption of up to Rs 1.5 lakh under Section 80C, under the Old Tax Regime, of the Income Tax Act, but also have a lock-in
The government has issued a total of 67 tranches of Sovereign Gold Bonds (SGBs) amounting to 146.96 tonnes of gold till 2024-25, Parliament was informed on Tuesday. The outstanding value as on March 20, 2025, on issue price is Rs 67,322 crore for 130 tonnes of gold, Minister of State for Finance Pankaj Chaudhary said
India’s solar module and cell exports decline by 16% to $1.5 billion in the calendar year 2024 from $1.8 billion in 2023, as per data from Mercom. The decline in shipments can be attributed to heightened shipment scrutiny, including port inspection and barcode verification of individual modules, and concerns over potential Chinese component inclusion, Mercom
From a glass-paneled control room, millions of solar panels interspersed with towering windmills stretch across the barren landscape of Khavda in Gujarat, resembling vast agricultural fields dotted with trees. But this is no farmland. This is Adani Green Energy’s (AGEL) ambitious Khavda Renewable Energy Plant, a colossal project spanning 538 square kilometres, five times the
Food delivery platform, Zomato has laid off around 600 customer support executive employees who were hired under its Zomato Associate Accelerator Programme (ZAAP). Sources said that this has been done as the company is increasingly integrating artificial intelligence into its customer service operations. ZAAP, launched last year, was designed to train employees to enhance customer
