The Prime Minister’s Office (PMO) has received over 100 complaints from former Infosys employees seeking reinstatement and measures to prevent future mass dismissals. In response, the Union ministry of labour and employment has sent a second letter to Karnataka’s labour commissioner, urging intervention in the layoffs at Infosys’ Mysuru campus. The ministry has also directed
Salary growth in the IT and IT-enabled services sectors is slowing due to automation, cost optimisation and reduced hiring, according to the EY Future of Pay 2025 report. IT sector salary increments are anticipated to decline from 9.8% in 2024 to 9.6% in 2025, while IT-enabled services are expected to moderate from 9.2% to 9%.
Swedish furniture retailer Ikea is set to deepen its presence in India with a strategic expansion plan that includes online sales in 10 cities and new physical stores in key metro markets. The company, which is currently focusing on six major metropolitan areas, is also seeking its next round of investments to drive future growth
The National Company Law Appellate Tribunal (NCLAT), Chennai, on Thursday set aside the insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), the parent company of Cafe Coffee Day. With this, the NCLAT dismissed a bankruptcy plea filed by IDBI Trusteeship over an alleged Rs 228 crore default. In a regulatory filing, the company said, “…today
A new report has revealed that India’s pharmaceutical sector that has risen in prominence as the largest supplier of generic medicines. According to McKinsey & Company’s latest report, this growth is driven by pharma exports growing faster than the global average, is at a tipping point: emerging trends in Indian and global landscapes could disrupt
With UltraTech Cement announcing its foray into the Cables and Wires (C&W) industry with a planned capex outlay of Rs 18 billion over the next 2 years, brokerage firms and analysts maintained that the move will have only a modest impact on the segment and on sector players. An analysis report by Nuvama stated, “Given
Godrej Properties Ltd on Thursday announced that it has sold inventory worth over Rs 1,000 crore in its project, Godrej Evergreen Square, located in Hinjewadi, Pune. The project was launched in November 2024 and within four months of acquiring the land, it has become the company’s most successful launch ever in Pune in terms of
Spanish retail major Inditex on Wednesday launched its youth-centric retail brand Bershka, its second-largest globally after Zara, in India, setting the stage for competition with Reliance’s youth-focused retail chain Yousta. The Bershka launch at the Phoenix Palladium Mall in Lower Parel, Mumbai, comes as Inditex, among the world’s largest fashion retailers with over $37 billion
Go to Live UpdatesSensex Nifty Today | Stock Market Live Updates: Indian markets are set to open on a positive note today, taking cues from early trends in GIFT Nifty. Asian stocks also kicked off the day in the green, reflecting optimism from Wall Street’s overnight rally. Major indices across Japan, South Korea, and Australia
Markets are gearing up for a positive start today, with early signals from Gift Nifty pointing upwards. Global factors, including Wall Street trends and key economic updates, will set the tone for the day. On March 17, Indian stock markets ended on a strong note, with the Sensex rising 0.46% to 74,169.95 and the Nifty
Every day, there is a lot happening in the world of business such as companies announcing big moves, stocks reacting to market trends, and new policies shaping industries. With so much information coming in, it’s easy to lose track of what really matters. To cut through the noise, here are the top stocks in focus
Edtech giant Physics Wallah has confidentially filed for an initial public offering (IPO) that could raise as much as $500 million, according to a report by IFR. The company in October 2024 said it might launch a $400-500-million IPO in 2025. If the public issue is launched, Physics Wallah will be the first pure-play edtech
Advance tax collections from the corporate sector, other firms and individuals in the current fiscal stood at Rs 10.45 lakh crore as on Sunday, up 14.6% on year. In the corresponding period of last fiscal, these collections — a proxy of corporate profitability and the state of the economy — stood at Rs 9.11 lakh
