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
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
By Shuddhasattwa Ghosh The Hon’ble Finance Minister is to present the budget on 01 February 2025. Among all the class of taxpayers, the individual taxpayers await the budget with a hope that the government would introduce tax reliefs which will leave more income in the hands of the individual for consumption spends. One of the
By Rajnish Gupta What has changed since the last budget was presented? Firstly, India’s FY 25 growth estimates have been revised downward by many agencies, including the RBI, from ~7% to ~6.5%. This came on the back of slower growth in Q2 of FY 25. While India’s growth drivers such as macroeconomic stability and service
New payment methods have been operationalised on the mobile applications of Swiggy and Zomato’s Blinkit. These features were announced earlier but are now visible on the respective apps. Swiggy now provides an option to pay via Swiggy UPI. The company had announced the feature in August, to simplify the payment mechanism on their platforms. With
IDFC First Bank Share Price Today Highlights, 27 Jan, 2025: The IDFC First Bank share is in news and the counter closed trade on 24 Jan, 2025 at Rs 62.27. The shares touched intraday high of Rs 63.82 in the last trading session while the intraday low was at Rs 61.65. The company’s market capitalization
By Ekta Sonecha Desai Mentioning Peter Lynch to investors is like whispering a secret code to a treasure chest—mysterious, compelling, and full of promise. For investors, Lynch’s strategies, particularly the PEG ratio, hold the same allure, offering a deeper understanding of what makes a stock value for money — or overpriced. Expensive stocks often steal
