Go to Live UpdatesHCL Tech Quarterly Earnings and Results Today Live Updates: With the fiscal third quarter earnings season already on and IT giant Tata Consultancy Services (TCS) having released its results on January 9, HCL Tech is all set to announce its Q3 numbers today (January 13). HCL Tech had, in a regulatory filing
Blinkit’s foray into 10-minute ambulance services has drawn both applause and scepticism. Known for revolutionising quick commerce with ultra-fast grocery delivery, the Zomato-owned platform now aims to address one of the most critical healthcare gaps. But past such ventures show this is a high-stakes venture fraught with challenges. The ambulance tech sector has seen its
Despite missing Street estimates on revenue and net profit, the analyst commentary on TCS’s performance has been positive on the back of early signs of revival of discretionary spending and the firm’s robust order book. Samir Seksaria, chief financial officer of TCS, in an interview with Urvi Malvania and Ayanti Bera, talked about operational efficiencies, emerging
A couple of years back Ferns & Petals’ (FNP) bottom line was wilting. Ambitious plans to scale up the business had gone awry. But CEO Pawan Gadia, who rues having blown up precious capital on advertising that didn’t really make any impact, says he has learnt from his mistakes. Now, the company is re-booting the
Venture capital (VC) investments in the non-banking finance companies (NBFCs) surged in 2024, marking a notable pivot towards safer, proven business models with clear exit opportunities. Amid a tepid growth in the overall VC funding, NBFCs raised approximately $1.2 billion across 50 equity rounds, a jump of 70% from $717 million across 64 rounds in
Power companies are likely to report strong earnings for the third quarter of the current financial year owing to the growth in regulated equity from capacity expansion, new transmission line additions, improved hydro generation, and sustained volume growth in the short-term market, as per analysts. Additionally, contributions from solar EPC (engineering, procurement, and construction) and
In an effort to improve audit quality, the National Financial Reporting Authority (NFRA) is set to release a series of papers addressing critical areas of statutory audits. NFRA Chairman Ajay Bhushan Pandey told FE that seven such papers are planned for release over the next 2–3 months. “Based on our experience and the current gaps
Once seen as the future of retail, the direct-to-consumer (D2C) segment seems to be losing its sheen. With Hindustan Unilever (HUL) reportedly in buyout talks with Minimalist, a Jaipur-based skincare brand, for Rs 3,000 crore, the sector’s challenges in scaling up are under scrutiny. Amid plateauing sales and dwindling funding, D2C startups face an uphill
The combined market valuation of four of the top 10 valued firms declined by Rs 1,25,397.45 crore last week, with Reliance Industries taking the biggest hit, in line with weak investors’ sentiment at Dalal Street. Last week, the BSE benchmark index declined by 428.87 points or 0.55 per cent, and the Nifty dipped 111 points
The IPO market is buzzing as January 2025 comes to a close, with several companies opening their doors to investors. From healthcare to logistics and beyond, the upcoming week is a mix of mainboard and SME issues, along with allotments and listings from the previous week. Here’s a look at what the final week of
By Amriteshwar Mathur The December 2024 quarter results of ICICI Bank, the second-largest private sector bank, were keenly awaited in a bid to see the impact of continued high interest rates and sluggish growth trends in the broader economy. In its quarterly monetary policy review meeting in early December 2024, the RBI had downgraded real
Ahead of the Union Budget, the Ministry of Finance has notified the Unified Pension Scheme (UPS) “as an option” under the National Pension System (NPS) for central government employees. Effective from April 1, 2025, this scheme aims to provide assured payouts, a structured retirement benefit and added flexibility for employees. Here’s a breakdown of the
NTPC has reported strong financial performance for the third quarter of fiscal year 2025, with a notable increase in net profit and revenue. The company’s net profit rose by 3.1%, reaching Rs 4,711.4 crore, compared to Rs 4,571.9 crore in the same quarter last year. Also ReadTata Electronics acquires 60% in Pegatron Tech Revenue Growth
