By Narsimha Rao Mannepalli As we get into December, and with the cloud of US presidential elections clearing up and with the promise of AI, here is what I believe we should expect to see in 2025 for the Indian IT services Industry. Demand & Growth: On demand front, we should expect to see some
Adani Ports and Special Economic Zone (APSEZ) on Monday announced that it handled 36 MMT of cargo during November 2024. The growth in cargo, it added, was primarily driven by containers, which was higher by 21 per cent in comparison to the same period of last year. On a year-to-date (YTD) basis, Adani Ports handled
Sterling and Wilson Renewable Energy Limited (SWREL) on Monday announced that it has received a new domestic order from a Private IPP. In a regulatory filing, the company said that it has received the LOA for Supply, Installation and Commissioning of a 305 MW AC / 396 MWp DC PV plant for a PV project
As it diversifies its digital portfolio, Tata Communications has been growing its products and services across verticals like media and entertainment. Amur Lakshminarayanan MD & CEO, tells Urvi Malvania that core digital services like network transformation and CPaaS services will continue to evolve as the business environment changes and enterprises adopt cloud. Excerpts: How are
Facing the prospect of missing its target for capex loans to states due to delays in launching the programme, the Centre has fast-tracked disbursements under the Rs 1.5 lakh crore, 50-year interest-free capex loan scheme to stimulate economic activity and job creation. A senior official told FE that, so far in FY25, the Centre has
The Centre’s move of levying a higher 28% goods and services tax (GST) on online gaming companies a year ago has taken away 20-25% margins of such firms, pushing them into losses, Head Digital Works founder and CEO Deepak Gullapalli told FE. Before October last year, online gaming firms were paying an 18% GST on
Fast-moving consumer goods (FMCG) companies continued to see sluggish growth in October-November, led largely by an urban slowdown. While most company executives that FE spoke to said they expect a turnaround in market growth rates by March-April next year, they added that the picture is dismal for now. “There is not much of a demand
Religare Enterprises has received warning letters from stock exchanges for delaying the disclosure of Reserve Bank of India’s (RBI) refusal for appointment of Rakesh Asthaana as additional director. The company had received a letter dated May 15 from the central bank, advising its refusal for appointment of Rakesh Asthaana as additional director on the board
In a world where hustle culture often dominates, Mahindra Group Chairperson Anand Mahindra’s perspective stands out as a refreshing counterpoint. Reacting to L&T Chairman SN Subrahmanyan’s recent suggestion that employees should work 90 hours a week and even on Sundays to stay competitive, Mahindra offered a measured and thoughtful response. “I don’t want it to
Avenue Supermarts Ltd, which operates the retail chain DMart, on Saturday announced its fiscal third quarter earnings report with profit at Rs 723.72 crore, posting a growth of 4.79 per cent in comparison to Rs 690.61 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 15,972.55 crore for the
EPFO Update: Private sector employees covered under the EPFO have long been demanding an increase in their minimum pension, which is currently fixed at Rs 1,000 per month. Adding to their 7–8-year struggle to present their case to the government, a delegation of EPS-95 pensioners met Finance Minister Nirmala Sitharaman on January 10 to push
RIL, Jio Q3 Earnings Announcement Key Dates, Where to Watch Live Streaming: Mukesh Ambani led-Reliance Industries Ltd (RIL) will announce its fiscal third quarter earnings next week on January 16 (Thursday). The conglomerate will hold its board meeting to consider and approve the standalone and consolidated financial results for the third quarter of FY25 and
Indore-based TaskUs, a leading BPO and digital transformation services provider, abruptly fired over 300 employees without prior notice, sparking widespread outrage. A video of distressed employees addressing the company staff has gone viral on social media. In the video, employees accuse company representatives of mistreating them and even laughing while delivering the layoff news, further
