The fast tracking of visa restrictions for Chinese technicians for companies under the Production Linked Incentive (PLI) scheme has resulted in a reducing the backlog of applications, a senior official said. “Now that pendency has come down. Lot of improvement is there. There is a relief in this for those companies. The ministry of home
Unicommerce’s recent acquisition of Shipway could give it a big opportunity of over Rs 4,000 crore, according to MD and CEO Kapil Makhija. “We haven’t done a detailed external study, but our internal assessment suggests that the market is roughly Rs 3,800-4,300 crore annually, which is a large opportunity, he said. The acquisition aligns with
GQG Partners, one of the biggest backers of Adani Group post the US short-seller Hindenburg Research row, said it is reviewing the need to potentially act on its investments in the group companies after the US authorities indicted founder Gautam Adani in an over $250-million bribery case. GQG Partners’ shares tumbled over 19% in Australia
About 93% of Adani Green Energy (AGEL)’s portfolio has executed power purchase agreements (PPA) with government-owned entities such as Solar Energy Corporation of India (SECI) NTPC, NHPC and state power distribution companies (discoms). AGEL primarily serves B2B customers such as state utilities and discoms. AGEL has entered into long-term PPAs with discoms to offtake the
Kenya’s president said Thursday he has cancelled multimillion-dollar airport expansion and energy deals with Indian tycoon Gautam Adani after US bribery and fraud indictments against one of Asia’s richest men. President William Ruto in a state of the nation address said the decision was made “based on new information provided by our investigative agencies and
While speaking at FICCI’s 97th AGM and Annual Convention, Piyush Goyal, Minister of Commerce and Industry, Govt of India, on Thursday, said that Viksit Bharat has to be a collaborative effort between the industry and the government. “I urge the industry to play a more proactive role in helping us in our Ease of Doing
Bikaji Foods International Limited on Thursday announced an extension of its investment timeline for its wholly-owned subsidiary, Bikaji Foods International USA Corp. Per this, the company will now have an additional three months to complete an investment of up to $500,000 in the US-based entity. “We hereby inform you that the Board of Directors of
Mumbai-based Moksha Group, which is in the businesCloudtails of distribution of electric appliances alongside some fintech operations, has acquired the strategic assets of retail-tech startup Arzooo for an undisclosed amount. Arzooo had been struggling to stay afloat amid layoffs, funding crunch, and pending payments to sellers and employees. The group has appointed e-commerce veteran Rehan
Go to Live UpdatesTata Consultancy Services Share Price Today Live Updates, 10 Jan, 2025: The Tata Consultancy Services share is in news and the counter closed trade on 09 Jan, 2025 at Rs 4036.65. The shares touched intraday high of Rs 4136.9 in the last trading session while the intraday low was at Rs 4025.45.
Gold and silver prices in India, shaped by global trends, currency movements, and domestic demand, continue to fluctuate. Here’s a look at the latest updates and prices across major cities. “In response to Fed minutes that suggested a possible delay in the rate-easing cycle, gold is trading strongly. Furthermore, investors are turning to precious metals
The GIFT Nifty indicates that the BSE Sensex and NSE Nifty 50 are likely to open lower on Friday, January 10. Benchmark indices faced a sharp downturn on Thursday as persistent volatility weighed heavily on key sectors. The BSE Sensex dropped by 528 points, settling at 77,620. Meanwhile, the NSE Nifty50 slipped by 162 points
Tata Consultancy Services (TCS), the country’s largest IT services firm, on Thursday missed estimates on both revenue and profit fronts, underlining continued caution among global clients amidst a challenging macroeconomic environment. The company’s consolidated net profit rose 4% sequentially to Rs 12,380 crore, missing Bloomberg’s estimate of Rs 12,534 crore. Revenue declined by 0.4% sequentially
Tata Consultancy Services (TCS) reported a net decline of 5,370 employees in the October-December quarter, marking a reversal after two consecutive quarters of headcount growth. The company’s total workforce now stands at 607,354, reflecting ongoing adjustments in its operational dynamics. Also ReadTata Elxsi Q3 Results: Profit drops by 3.59% to Rs 199.01 crore, revenue up
