CATEGORIES

Tech Mahindra's net profit falls 27% y-o-y; BFSI business slips

Its rupee revenue rose around 13.2% y-o-y to ₹13,718.2 crore during the quarter under review, even as deal momentum slipped 44% compared to Q4FY22.

Maruti sees chip hurdle persisting in Q1

The carmaker emphasized that it expects to see no growth in small car segment in FY24 compared to last year, pointing to a stagnation of demand

Clash of small EVs looms as MG Comet takes battle to Tiago camp

Comet EV is also the only mass-market two-door electric hatch in the market at present, and is also India’s smallest passenger vehicle.

Govt rethinks plan to sell stake in PTC India

Power ministry had given nod for the 4 PSUs to sell their stake in PTC India

GCPL buys Raymond unit

Godrej Consumer Products Ltd (GCPL) on Thursday announced the ₹2,825 crore acquisition of the fast moving consumer goods business of Raymond Consumer Care Ltd (RCCL).

Consulting Inc. clamps down on lavish lunches, luxe hotels

Early travel and hotel planning, end of counter-offers as corporate clients cut back

'Expect gross margin to grow despite IT spending caution'

In an interview, Sudhir Singh, Coforge chief executive, spoke about why revenue growth projection is significantly lower for FY24, what the company is doing to expand gross margins, hiring plans, and why he feels that generative AI is still an uncertain hype cycle.

LTIMindtree profit shows sluggish growth

The company—formed after the recent merger of L&T Infotech and Mindtree—however, reported a 20% growth in its banking, financial services and insurance (BFSI) vertical.

Bajaj Finance's re-rating tied to meeting FY24 growth guidance

Bajaj Finance is hopeful of sustaining its loan growth momentum going forward, even as it notes rising competition from banks and NBFCs.

HUL needs countryside to step up

The company’s volume growth stood at 4% versus analysts’ expectations of 5-6%. Revenue and margin performance too wasn’t particularly striking.

Wipro rolls out ₹12kcr buyback, sees dull Q1

Biggest buyback by the IT major; it expects 1-3% drop in QI] sequential revenue

"This is a historic moment for relations between India, Latin America

On the ISA, the ratification process on Tuesday passed the third discussion in (Panama’s) Congress and we will soon be ratifying this agreement.

'Pushing states on piped drinking water'

As we are dealing with some 600,000 villages in the country, we are pushing states to ensure that gram panchayats must meet, consider and certify once the village is fully covered.

Viacom18 secures HBO deal in India for 1,000cr

The deal also includes rights for Viacom18’s regular television channels, and some of the content is likely to be aired on its English entertainment channels.

Niche batteries for electric future may get ₹3k cr sops

Heavy industry ministry, NITI Aayog plan to incentivize manufacturing, research via PLI

Russia oil discount to India shrinks as China sucks supply

India secured discounts of as much as $20 a barrel, which has fallen below $10 and has touched even $5

HUL earnings show rural demand strain

As inflation cools, HUL expects gradual uptick in rural demand

Hybrid Work Is Getting A Little Better For Women

After three years of trial and error, hybrid work environments are finally becoming more inclusive.

China's DriveGPT could leave companies rushing to catch up

The Chinese auto market is revving up to lead autonomous vehicles

Urban oasis or smaller city charm: What will decide your ideal home?

Size matters, but location is one of the important factors that influence the decision of most homebuyers

Microsoft, Google differ on AI

Alphabet Inc.'s Google and Microsoft Corp., whose quarterly earnings each got a boost from their established search and cloud-computing businesses, used their time with investors to emphasize what's next: artificial intelligence.

HC issues notices to startups, CCI on Google billing policy

HC issues notices to startups, CCI on Google billing policy. A single judge order directed CCI to decide the applications moved by ADIF against tech giant’s in-app user choice billing policy before 26 April

Tech funding winter to hit deal activity in SaaS space this year

Consolidation in the software-as-a-service (SaaS) sector is likely to moderate in the near term, industry experts said, amid sparse deals in the larger startup ecosystem in a funding winter.

Value is top challenge in serving MSMES: SAP

In an interview, Paul Marriott, president, Asia-Pacific and Japan, SAP, talks on the company’s focus towards India’s MSME sector.

Warburg to sell Stellar Value Chain stake

As on date Warburg Pincus holds around 91.96% stake in the company with the rest being held by the founder and others, data from VCCEdge shows.

Young India spends on travel, experience: Minor Hotels CEO

The company recently announced its second hotel project, a 150-room hotel in Jaipur which will open end of 2024. Its first was in Bodhgaya.

'India's tourism industry will need significant investments'

In an interview, the tourism minister highlighted the need for public-private partnerships to make India’s tourism economy a formidable force

Gujarat PSU shareholders set to gain from new policy steps

The new policy lays down norms for dividend distribution, bonus and share splits

Bitcoin begins to test inflection point

Bitcoin is beginning to test a closely watched level that some analysts suggest could prove to be a key turning point after this year's surge in prices.

AU Bank needs a fix on expenses as return on assets seen shaky

AU Small Finance Bank Ltd (AU Bank) has sailed through the March quarter (Q4FY23) with a decent performance.