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May 14, 2024

India Inc revenueup, but profit grows at slowest pace in 6 qtrs

BFSI, auto firms key drivers of net sales, profit in Q4

3 mins

Shah, Jaishankar seek to calm market nerves

Sensex swings 1,000 pts; India VIX ends at 20.6%, highest level in 19 mths

3 mins

Piramal Pharma open to OTC partnerships

Piramal Pharma is open to partnerships in the over-thecounter (OTC) space in India as it charts out plans for organic growth and debt reduction.

2 mins

Teleperformance to hire 15,000 in India by 2025

French business process management (BPM) major Teleperformance is planning a mega expansion in India and aims to increase its headcount in the country by 15,000, reaching a workforce of over 100,000 by the end of the year.

1 min

'Plan to recruit 20K by end of this year, surpass the 100K mark'

Nasdaq-listed business process management company (BPM) Concentrix Corporation has experienced substantial growth in India over the past decade, with employee numbers slated to surpass 100,000 this year from 80,000 at present. It reported revenue of $7.1 billion in 2023, of which India contributed $898 million. The company sees India as a key market for both talent and market opportunities and expects its revenue from the region to cross $1 billion by the end of this year. CHRIS CALDWELL, president and chief executive officer of Concentrix, discusses the company's hiring plans and growth strategy in an exclusive video interview with Ayushman Baruah. Edited excerpts:

2 mins

Targeting year-end for Vistara merger: Wilson

Integration of approximately 7,000 employees of Vistara will begin in June

2 mins

Murugappas set to plug into electric SCVs

This comes days after TI Clean Mobility signed an agreement to raise ₹580 cr

2 mins

Zomato delivers 4th straight quarter of profit in Q4

Reports profit of ₹175 crore; revenue was bolstered by its Blinkit, restaurant biz, and B2B offers

1 min

Chirag Paswan battles on 2 fronts in Bihar's Hajipur

Bihar's Hajipur seat was once synon mous with Ram Vilas Paswan, wh entered into the Parliament for eight times from here and made an entry into the Guinness World Records by getting 89 per cent votes in 1977.

1 min

FM questions 'lofty promises' by Cong

Union Finance Minister Nirmala Sitharaman on Monday questioned the viability of the \"lofty promises\" in the Congress manifesto and asked whether the party would borrow substantially and raise taxes to fund the proposed schemes.

2 mins

Phase-IV records 63% voting

Polling in Srinagar highest since 1996 Lok Sabha elections at 37%

2 mins

In Amethi, it's still Smriti vs Rahul for many

In the rural expanses of Amethi district, nilgai, Asia's largest antelope, and other stray cattle graze leisurely on freshly harvested farmlands.

3 mins

Retail inflation eases to 4.83%

Core and fuel inflation edge down in April, but food inflation trends up

2 mins

Warburg to buy Shriram Housing Fin for ₹4.6K cr

The board of Shriram Finance Ltd (SFL) on Monday approved the sale of its housing-finance subsidiary Shriram Housing Finance Ltd (SHFL) to Warburg Pincus, a leading global growth investor, for ₹4,630 crore.

2 mins

Domestically held gold reserves rose 40% in 5 yrs: RBI

The country's gold reserves, held domestically, surged by 40 per cent between March 2019 and March 2024, data released by the Reserve Bank of India showed.

1 min

'51mn person-year employment created annually in last 10 years'

A total of 51.4 million person-years of employment has been generated annually between 2014 and 2024 through both governance-led and credit-led interventions of the central government, revealed the latest report released by a private think tank on Monday.

1 min

Wait over as India, Iran ink 10-yr Chabahar deal

India and Iran on Monday inked a 10year long-term bilateral contract for link in India's trade plans with Central Asia and parts of Europe, announced the Union Ministry of Ports Shipping and Waterways.

1 min

$120 mn investments, $250 mn credit line to fund port growth

Major issues ironed out; Iran agrees on arbitration at SIAC

1 min

Microsoft to invest €4 bn in Al services, Cloud 'CHOOSE FRANCE' SUMMIT: France lands $16 bn in FDI

France won a record €15 billion ($16.17 billion) in foreign investment pledges on Monday, allowing President Emmanuel Macron to bask in the limelight with global CEOs and forget about strained public finances and weak polls for a while.

1 min

ISRAEL PUSH INTO GAZA FROM NORTH, SOUTH

Israeli forces pushed deep into the ruins of Gaza's northern edge on Monday to recapture an area where they claimed to have dismantled Hamas months ago, while in the south tanks and troops pushed across a highway into Rafah.

1 min

SoftBank swings into black in Q4

Vision Fund posts first annual gain in three years, up $4.6 billion

1 min

US, China to discuss AI risks in Geneva today

Talks aimed at preventing disastrous accidents and unintended war amid an Al arms race

1 min

Global chip battle intensifies with $81 billion subsidy surge

Superpowers led by the US and European Union have funneled nearly $81 billion toward cranking out the next generation of semiconductors, escalating a global showdown with China for chip supremacy.

2 mins

Priorities for the next govt

It must deliver on policies required for equitable growth R egardless of who wins the election, the new government's primary focus will be implementing what has been promised in its election manifesto.

5 mins

Gaining strength

Improving bank balance sheet will support growth

2 mins

India's clandestine love affair with crypto

This book uses a nice mix of anecdotes plus data to look at the dark underbelly of Digital India.

3 mins

'Affordable' electric air taxis

Competitively priced electric air taxi rides can significantly change urban living, as well as real estate benchmarks.

3 mins

The power gap

Battery storage systems can maximise RE

2 mins

Indegene shares rally over 26% in debut trade

Shares of healthcare tech firm Indegene Ltd on Monday ended with a premium of over 26 per cent against the issue price of ₹452.

1 min

Gilt-y pleasure: Active debt MFs see heaviest inflows in over 3 years

Gilt schemes garner ₹5,200 cr in April, most in at least 5 yrs

2 mins

Anxiety on D-St: Voter turnout, victory margin quicken mkt pulse

Foreign investors wait on the sidelines, seeking clarity on the next govt's composition and strength

2 mins

ICICI SECURITIES DELISTING - Privacy rules breached: Shareholders tell NCLT

ICICI Securities breached shareholder privacy and administration rules by sharing the details of shareholders with ICICI Bank, minority shareholders told the National Company Law Tribunal (NCLT) on Monday.

1 min

Gains in ABB may sustain on strong margin outlook

ABB India's March quarter results (Q1CY24) were led by strong margin performance.

2 mins

Health plan: Compare features, costs; port if you find better deal

Combine base policy with super top-up; buy multi-year policy to cope with rising health insurance premiums

2 mins

ER&D sails get trimmed amid FY25 outlook fog

In the face of weak client spends and elongated sales cycles, near-term outlook charts uncertain waters, say analysts

2 mins

Rain, dust storm kill 8, disrupt life in Mumbai

Rain and strong gusts of wind swept through several parts of Mumbai on Monday, killing eight people and wounding nearly 60 others, while damaging property and resulting in the suspension of flight and train operations.

1 min

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