India Inc will likely report subdued results for the December 2024 quarter, going by the numbers put out by the early birds. The first set of results indicates businesses are struggling to grow their top lines and that they are reining in expenses to be able to shore up their bottom lines. For a universe
LTIMindtree is optimistic about maintaining its strong growth trajectory in Q4 of FY25 and is confident that FY26 will surpass FY25 in performance, according to Debashis Chatterjee, the company’s CEO and managing director. “We achieved sequential revenue growth in Q1 and Q2, and this momentum continued in Q3. We are confident it will carry through
Industrial establishments, often large and complex, face pressing challenges across security, safety, and operations due to operational inefficiencies leading to significant financial losses. On average, three workers die and 11 are injured each day in Indian factories due to a lack of safety measures. With India aiming to become a global industrial hub, concrete efforts
ArcelorMittal Nippon Steel (AM/NS) India is looking to give a boost to its automotive steel business with the scheduled commissioning of two production lines dedicated to manufacturing advanced automotive steel products. The new lines – a Continuous Galvanising Line (CGL) and a Continuous Galvanising and Annealing Line (CGAL), are expected to be fully operational by
Aadhar Housing Finance is expected to grow its assets under management by 22% by the end the current fiscal, managing director and CEO Rishi Anand said in an email interaction. “This anticipated growth will be driven by our extensive operations and a strategic expansion plan that has added 545 new branches across 21 states and
The fast-moving consumer goods (FMCG) arm of Reliance, which has touched Rs 8,000 crore in topline for the first nine months of FY25, will expand distribution into the north and west of India, sources have told FE. The FMCG business is part of Reliance Consumer Products (RCPL), a wholly-owned subsidiary of Reliance Retail Ventures (RRVL).
Nate Anderson, the founder of Hindenburg Research, recently announced the closure of his nearly eight-year-old activist short-selling firm. However, the company, which gained global attention in 2023 for its critical report on Gautam Adani’s conglomerate, now faces allegations of collusion with hedge funds in preparing bearish reports. According to a report by a Canadian portal
As conversations around extreme work hours in corporate India intensify, BharatPe CEO Nalin Negi has emphasised that quality of work takes precedence over long hours clocked in. Negi’s remarks come amid heated debates triggered by corporate leaders’ comments suggesting extended workweeks, including the controversial idea of a 90-hour workweek. Quality Over Quantity: Negi’s Perspective on
Flipkart Internet, the marketplace arm of Walmart-owned e-commerce major Flipkart, has received Rs 3,249 crore from its parent entity based in Singapore. The board at Flipkart has issued 470,773 equity shares at an issue price of Rs 69,014.7 each on a right issue basis to raise Rs 3,249 crore from Flipkart Marketplace Private Limited (Singapore)
By Amit Chadha For decades, India was the nerve centre of IT services, revolutionising how businesses worldwide operate. But over the past few years, a new wave of transformation has been underway — one that redefines India’s position on the global innovation map. Engineering R&D (ER&D) is becoming the backbone of India’s growth story, driving
Large sections of Indian industry, including sectors that are seen to be relatively more vulnerable to the reciprocal tariffs by the US, appeared largely unperturbed on Wednesday ahead of the Donald Trump’s administration’s imminent disruptive move. Several key industries that have high interest in the lucrative US markets, including electronics, pharmaceuticals, auto parts, and gems
A day after declining by over 1.5% due to nervousness over US President Donald Trump’s looming reciprocal tariffs, Indian stock markets put up a brave face on Wednesday, with benchmark indices bouncing back and erasing over half the losses incurred earlier in the week. The rupee, on the other hand, closed a little weak, depreciating
UPI down: Users across India faced major disruptions in Unified Payments Interface (UPI) transactions on Monday, with payment failures reported on platforms like Google Pay, Paytm, and State Bank of India (SBI). According to Downdetector, outage reports surged throughout the day, peaking in the late afternoon and evening, affecting fund transfers, payments, and app functionality.
