The demand for tech talent (excluding freshers) from GCCs (Global Capability Centres) continued to outpace that of IT companies in the second quarter of FY25, as clients’ discretionary spending showed a slower recovery. According to industry data from TeamLease Digital, GCCs accounted for 52.6% of job openings for tech profiles in the September quarter, maintaining
Tata Consumer’s MD & CEO Sunil D’Souza believes that food inflation is putting pressure on urban spending, which is taking a toll on out-of-home consumption. In a conversation with FE, D’Souza throws light on the company’s strategy in the wake of inflationary concerns and whether volume growth will continue be weak. He also indicates how
Aditya Birla Group’s UltraTech Cement on Monday missed Street estimates on all the key fronts during the July-September quarter, primarily because of slowdown in demand due to monsoon and project delays which hit price realisations. The company’s net profit fell 36% year on year to Rs 820 crore, while revenue from operations was down 2.4%
A division bench of the the Delhi High Court on Monday deferred hearing an appeal filed by MB Finmart, a Burman Family entity, opposing the Registrar of Companies’ (RoC) three-month extension for Religare Enterprises’ annual general meeting (AGM) for 2023-24, citing an absence of the RoC’s reply. The court has set the next hearing on
Zomato Q2 Results 2024: As Zomato gears up for its Q2 FY25 financial results, here’s everything you need to know about the date, time, and how to tune in for the live earnings call. Date of Zomato Q2FY25 Results Mark your calendars! The Board of Directors of Zomato will convene tomorrow, October 22, 2024, to
Go to Live UpdatesQ2 Earnings 2024 Live Updates: The Q2 earnings season has started and is in full swing. Market participants will watch out for the Q2 performance of the likes of Bajaj Housing Finance, City Union Bank, Union Bank of India, Gravtia India, Cyient DLM, and Mahindra Logistics among others. The earnings so far
83% of Indian businesses view technology advancements and the consequent rise is concerns around data privacy, security vulnerabilities, and regulatory compliance as major risk factors, according to Horizon Watch Emerging Risk Report 2024. The report, published by Tata AIG General Insurance and Dun & Bradstreet India, was conducted among 300 business leaders across 25 sectors
The earnings season has got off to a subdued start, with virtually every heavyweight disappointing the Street. Net profits of a sample of 164 companies (including banks and financials) were up 7% year-on-year on the back of an 8% rise in revenues. But net profits would have fallen but for a 23% jump in other
The Competition Commission of India (CCI) has approved Tata Electronics’ (TEPL) proposal to acquire a majority stake in Pegatron Technology, a Taiwanese contract manufacturer and Apple iPhone supplier. TEPL is a wholly-owned subsidiary of Tata Sons. TEPL have expertise in manufacturing high-precision components for large customers. TEPL will acquire the majority shareholding of Pegatron India
Some of the country’s top paint makers, including Berger Paints, JSW Paints, Indigo Paints and Aditya Birla group, which forayed into the sector in 2024, are in the race to buy a majority stake in AkzoNobel India, sources have told FE. AkzoNobel India is the country’s fourth-largest paints company with an estimated market share of
The rupee snapped a five-day losing streak and recorded its biggest single-day in more than a month on Tuesday, as reports suggested that US President-elect Donald Trump is likely to be less aggressive with his policies on tariff. Other Asian currencies, too, gained between 0.2% and 0.9% vis a vis the greenback. The rupee, after
Tata Consultancy Services (TCS), which will report its October-December earnings on Thursday, is expected to report muted revenue growth for the quarter. However, analysts expect a boost in its margins due to operational efficiencies and favourable cost structures. Also ReadMarico Q3 Preview: Can price hike stem margin contraction? According to Bloomberg estimates, the IT firm’s
The Union Budget 2025-26 is set to be presented by Finance Minister Nirmala Sitharaman next month, and almost all segments of society, encompassing taxpayers, various industries, and trade unions, are anticipating the introduction of relief measures from the government. Some industry bodies have already started submitting their demands to the finance minister. In their customary
