Industry

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

Interarch Building Products on Sunday announced that it has received two major projects worth Rs 221 crore from Tata Projects. The first order, it added, is for Tata Semiconductor Assembly & Testing Pvt Limited, for their semiconductor manufacturing facility in Jagiroad, Morigaon, Assam. This is a key initiative in India’s growing semiconductor ecosystem, aligned with

The debate over Larsen & Toubro (L&T) Chairman SN Subrahmanyan’s controversial pitch for a 90-hour workweek has sparked reactions from several corporate leaders. Subrahmanyan, in a viral Reddit video, remarked to his employees, “What do you do sitting at home? How long can you stare at your wife? Come on, get to the office and

Industrialist Gautam Adani met Chhattisgarh Chief Minister Vishnu Deo Sai on Sunday and announced a major investment of Rs 65,000 crore for the state. This investment, aimed at expanding the Adani Group’s energy and cement projects, is expected to drive significant growth in the region. The meeting took place at the Chief Minister’s official residence

India’s coal imports increased by 2 per cent, reaching 182.02 million tonnes (MT) in the April-November period of the current fiscal year, up from 178.17 MT during the same period last year, according to data compiled by business-to-business e-commerce company mjunction services.  However, the country’s coal import dropped to 19.57 MT in November, down from

Taiwanese electronics manufacturing giant Foxconn has paused new work rotations for its Chinese employees at its Apple iPhone factories in India, deploying Taiwanese workers instead, as per a report by Rest of World. The report also stated that Chinese workers currently stationed at Indian plants are being recalled, signaling potential new economic tensions between China