Amazon has surpassed Walmart in terms of quarterly revenue for the first time ever, a CNBC report said. According to the report, Walmart said that it earned $180.5 billion during the quarter, while Amazon had earlier this month said that it earned $187.8 billion in the same period. This has been the first quarter since
Fast-moving consumer goods (FMCG) companies have lost nearly 9% of their market value or Rs 2.11 lakh crore in 13 trading sessions on the Nifty FMCG Index as the Budget rally fades. This is the longest losing streak on record for these stocks, even as the Nifty FMCG Index jumped 3% on February 1, after
The ongoing fundraising efforts of the 160-year-old Shapoorji Pallonji (SP) Group may allow it to tide over the immediate debt crisis, but experts said it’s time that the group focuses on a long-term solution. “Refinancing will just change the goal post but it doesn’t really solve the problem unless they do some big-ticket land sales
Investment by central government agencies and central public sector enterprises (CPSEs) rose 11.5% year-on-year to Rs 6.79 lakh crore in the first 10 months of the current financial year, reflecting a reversal of the trend of spending decline in most part of the year. The capex rise was aided by a spurt in spending by
Coal stocks at the country’s thermal power plants improved to 74% of the normative level as on February 19, compared to 62% in the same period of last year, data from the Central Electricity Authority showed. The country’s thermal plants had coal stocks of 53.09 million tonnes as on February 19 against the normative level
Mining major Vedanta’s proposal to demerge into five independent, sector-focused companies has been approved by its shareholders and creditors. According to the company’s stock exchange filing, the demerger was approved by 99.9987% of shareholders, 99.59% of secured creditors, and 99.9588% of unsecured creditors who voted in favour of the proposal. The demerger required an in-favour
Tata Consultancy Services (TCS) has collaborated with Salesforce to help customers in the manufacturing and semiconductor industries harness the power of artificial intelligence (AI) to drive business value. As part of this initiative, TCS has launched three programmes designed to support customers in these industries. These include the Semiconductor Sales Accelerator, which leverages data-driven insights
The Kalyani siblings, Baba Kalyani and his sister, Sugandha Hiremath, met in Pune on Thursday to resolve their ongoing dispute as per a suggestion from Pune civil court judge K M Jaisingani. However, the meeting remained inconclusive. ALSO READBurman Group acquires Religare Enterprises, named as promoters The judge intervened after Kalyani failed to arrive at
OnEMI Technology, the parent company of digital lending platform Kissht, has grown its assets under management (AUM) by 55% in the financial year 2024-25, to more than Rs 4,200 crore, founder and executive director, Krishnan Vishwanathan, said. In FY24, their AUM had doubled to Rs 2,700 crore. He added that while the overall unsecured loan
Indian IT services sector may face indirect challenges due to the reciprocal tariffs, as analysts highlight potential disruptions in economic growth that could affect technology spending particularly in key verticals such as manufacturing, logistics, and retail. The tariffs are designed to boost American manufacturing but could increase costs for US businesses. This, in turn, could
With a reciprocal tariff rate of 27% imposed by the United States starting April 9, India stands in a favourable position compared to competitors like Vietnam (46%), Thailand (36%), and China (54% – 34% reciprocal plus additional 20% ). However, it will face challenges from manufacturing nations such as Turkey, Brazil, and the Philippines, with
US President Donald Trump’s decision to impose universal reciprocal tariffs on imports has given India’s textile industry—especially apparel exporters—an edge over competitors like Vietnam, Bangladesh, and China, which face even higher tariffs. The Trump administration on Thursday announced a flat 27% tariff on Indian goods with some exemptions. In comparison, India’s main competitors—Vietnam (46% tariff)
The rupee staged a strong comeback on Thursday, strengthening by 7 paise against the dollar after weakening by nearly 25 paise in morning trade. Gains were driven by the view that US tariffs were less severe than feared. The fall in crude oil prices and weakening of the dollar index also helped the rupee rebound.
