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L&T gears up to diversify product portfolio

Larsen & Toubro (L&T) is gearing up to diversify its product portfolio by leveraging technologies developed for defence to tap into broader industrial applications. Arun Ramchandani, senior vice president and head, L&T Precision Engineering and Systems, said new product lines are being explored. “We are really looking at product lines which could enhance or liberate

After iPhones, Blinkit to deliver other Apple products

Blinkit, the quick commerce arm of Zomato, has now started delivering other Apple products like MacBook Air, iPad AirPods, Apple Watch and other accessories in 11 major cities. It has been delivering iPhones since 2022 when it hosted iPhone 14 and iPhone 14 Pro. In 2023, it tied up with Apple premium reseller Unicorn to

Sacked Infosys employees knock PMO’s door

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

IT, IT-enabled services salary growth to slow; GCCs see higher increments: EY

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%.

Ikea’s expansion plans to be mix of online & physical store

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

NCLAT sets aside insolvency proceedings against Coffee Day Enterprises

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

Indian pharma rises to global prominence led by export boom and better compliance rates, McKinsey report reveals

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

How will UltraTech’s foray into cables & wires impact other players in the sector?

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
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March 2025 Tax Alert: Miss these deadlines and you could lose exemptions, face fines

March 31 is the last day of the financial year, which is considered a very important date for taxpayers and investors. If you have not yet made the necessary investments to save tax or some important financial work is pending, then it is very important to settle them this month. Whether it is taking advantage

Loan Against Mutual Funds: How it works & what you should know

Investing in mutual funds can significantly contribute to wealth accumulation over time. Interestingly, these investments can also serve as collateral for securing a loan. Lenders may consider your mutual fund holdings as a guarantee, allowing you to obtain loans at competitive interest rates. Prior to approving the loan, lenders will evaluate the value of your

Paytm Money receives SEBI nod to offer research services, shares surge

Shares of One 97 Communications Ltd, the parent company of Paytm, surged up to 7.54 per cent at 11:30 am on Tuesday to a trading price of Rs 740.75 after its subsidiary Paytm Money received green light from the Securities and Exchange Board of India (Sebi) to offer services as a research analyst. With this

Heatwave fuels growth for AC Industry- 3 key factors watch now

The heatwave may not be good news for you but the AC industry is rejoicing… It is expected to deliver robust volume-led growth in Q4FY25 on the back of early onset of the summer coupled with aggressive channel stocking.  The Indian Meteorological Department has predicted above-normal number of heatwave days in most parts of the

Bajaj Finserv slips 2%; Bajaj Group buys out 26% Allianz stake in insurance JV

Bajaj Finserv’s share price fell 1.8% to an intra-day low of Rs 1,837. The stock was the major loser in the Nifty 50. The fall in share price came after Bajaj Group signed a share purchase agreement with Allianz SE to buy out its stakes in the joint ventures.  The company will acquire a 26%