Larsen and Toubro (L&T) on Wednesday announced that its Energy CarbonLite Solutions vertical has secured Limited Notice to Proceed (LNTP) from NTPC Ltd for setting up thermal power plants in Madhya Pradesh and Bihar. The orders, it added, pertain to main plant packages of 2×800 MW Stage-II thermal power plant at Gadarwara in Madhya Pradesh
Following a weak show in the September quarter, the earnings of the Nifty 50 companies have been revised downwards by 7% over the past six months. This has lowered the estimated earnings growth for FY25 to just 5%, the weakest since FY20. India Inc’s operating profits have grown at just 4% year-on-year (y-o-y) in Q2FY25
Dispelling the impression that there has been a pause in negotiations on free trade agreements, a senior official has said that all meetings are going according to schedule and only in the case of Peru it has been decided to initiate the next round of talks after the finalisation of overall strategy and standard operating
Hindustan Zinc a vedanta group company has procured a composite license for a gold mining block of Dugocha gold block in Rajasthan. The procurement took place through the auctions held by the state government on November 13, 2024. Hindustan Zinc is a major global player as integrated zinc producer and the third-largest silver producer Dugocha
A recent study by NTT DATA reveals that Indian organisations are planning to increase investments in generative artificial intelligence (GenAI). This shift marks a transition from initial experimentation to a focus on long-term use cases aimed at enhancing business performance, compliance and safety. Globally, 99% of organisations surveyed indicated similar plans to boost GenAI investments
Quick commerce platforms are eating into the share of small retailers or kirana shops rather than large e-commerce players, said Sahil Barua, CEO of logistics firm Delhivery, at a post-earnings call on Friday. A large chunk of Delhivery’s revenue — 62% in FY24 — comes from express parcels shipments largely by e-commerce firms. “This isn’t
By Krishna Barot Despite a turbulent year for major Indian spice manufacturers, projections for the country’s spice exports indicate significant growth for the sector in the coming years. According to Ramkumar Menon, Chairman of the World Spice Organisation (WSO), Indian spice exports are set to achieve an export target of USD 4.7 billion for FY
India’s public procurement portal Government e-Marketplace (GeM) has facilitated sales of around Rs 3 trillion so far in the current financial year, which suggests that it will surpass last year’s performance by a wide margin. In 2023-24 the portal handled procurement of Rs 4 trillion by the government departments in both centre and states, and
India’s export of petroleum products in December increased by 3.1% to 1.37 million barrels per day against 1.33 million barrels per day in the corresponding period of last fiscal 2023-24, as per data from energy cargo tracking firm Vortexa. The exports also increased by 4.5% from 1.31 million barrels per day in the previous month.
By Krishna Barot Despite unfavorable climate conditions and the early annual closure of tea gardens, which resulted in a tepid year for India’s tea industry, the Ahmedabad – based Wagh Bakri Tea Group has maintained a steady upward trajectory in the market. Speaking to the media, company CEO Sanjay Singal revealed that, with its annual
Mohalla Tech, which owns vernacular social media platforms ShareChat and Moj, reduced its consolidated loss to Rs 1,897.6 crore in FY24, from Rs 5,143.4 crore a year ago, when its bottom line was primarily hit by the write-off associated with its MX TakaTak acquisition. Revenue from operations rose 19% to Rs 748 crore, while its
By Chandrima Chatterjee India is looking at $100 billion worth of textile exports by 2030. Ahead of Budget 2025, Chandrima Chatterjee suggests tweaks in the quality control orders for textile products and tackling non-tariff barriers faced by exporters to leverage free trade agreements to the maximum Current status of the textile and apparel sector The
Jewellery firms are set to report a strong year-on-year revenue growth for the October-December quarter, driven by strong wedding and festive demand, according to analysts and company updates. “Consumption remained buoyant, supported by higher realisations amid sustained gold price increases, a higher number of auspicious days, and a gradual shift from unorganised to organised trade
