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Latest News and Magazine on Business developments, Corporates, Economy, Govt. Policies, Global Events etc. Official Twitter handle of The Economic Post Magazine
New Delhi India
Joined March 2024
#Mphasis reports strong deal activity in $1-10 million range, with a 3% revenue increase and a focus on #AI-driven projects. Despite a TCV drop, banking sector growth remains robust. | For details, refer the link ➟ https://t.co/7eJwpdkCkn
#IT
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#Samsung workers are set to return after a month-long strike, following successful conciliation talks. The company agreed not to penalize striking employees and must respond to union demands, including wage hikes and reduced working hours, by November 7. https://t.co/QDs0r648w1
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#Wipro reported a 21% year-on-year profit increase to ₹3,226.60 crore for Q2, despite a 1% revenue drop. The company announced a 1:1 bonus share issuance and expects #IT Services revenue between $2,607 million and $2,660 million next quarter. For details>
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JSW Energy has signed Power Purchase Agreements for 1,200 MW of solar-wind hybrid capacity with MSEDCL, aiming for commissioning within 24 months as part of its 20 GW expansion plan by 2030. | For details, refer the link ➟ https://t.co/iC3iKP212h
#JSWEnergy #power #JSWgroup
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#Zepto is in advanced talks to raise $100 million from family offices and HNIs, aiming for a $5 billion valuation ahead of its planned IPO, amid rapid growth in #quickcommerce. | For details, refer the link ➟
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#KishoreDurg has been appointed Group Operating Officer of #AccentureTechnology, effective December 1, 2024, succeeding #JeremyOates. Durg brings over 25 years of industry experience to the role. | For details, refer the link ➟
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India’s readymade garment exports have rebounded, with September showing a 17.3% increase. Overall, exports rose 8.5% in the first half of 2024-25, despite global challenges. | For details, refer the link ➟ https://t.co/pZnYVymLPa
#apparel #indiaexports #india #readymadegarments
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India's #renewableenergy capacity has surpassed 200 GW, reaching 201.45 GW as of October 10, 2024. The country aims for 500 GW by 2030, with significant contributions from #solar and #windpower. | For details, refer the link ➟
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Nestlé India’s Chairman and Managing Director Suresh Narayanan will retire on July 31, 2025. Manish Tiwary, formerly of Amazon, has been nominated as his successor effective August 1, 2025. For details, refer the link ➟
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During the first quarter of this fiscal, India’s cement demand grew only by around 3 per cent, owing to an extended heatwave and shortage of labour during general elections. | For details, refer the link ➟ https://t.co/VNqEs0eeDz
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#Purplle has raised an additional $60 million in its Series F funding round, bringing total funds to $180 million. This funding aims to enhance growth and expand its offline presence. | For details, refer the link ➟
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Krishnamurthy Subramanian: #India could be $55 trn #economy by 2047 Formalisation is going to be a key driver for productivity #growth in India, which is already happening through the (vast) public #digital infrastructure. For details, refer the link➟ https://t.co/wMuPD8g5fF
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#HDFC taps retail #bankers as wealth managers amid talent shortage The #bank has been expanding its #WealthManagement team by 10% to 20% annually for the past few years. For details, refer the link➟ https://t.co/zL54nXWNKx
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Decathlon is set to #invest ₹933 cr in #India to expand #retail, mfg #Decathlon plans to add 10-15 new #stores every year, accelerating online sales and increasing local sourcing as part of expansion. For details, refer the link➟ https://t.co/a7u0CXJSyp
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#RBI urges banks to monitor credit-deposit gap "We are cautioning #banks to monitor this situation carefully. There is no problem now, but it can become a structural #liquidity problem in the #future." For details, refer the link➟ https://t.co/BYpcc8LcDf
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L&T bags 'large' order for infra development in #Maharashtra The #project also involves #construction of utility works and allied electrical works. For details, refer the link➟ https://t.co/8yymYQbE8h
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Ola Electric #valuation soars to $7 Bn on e-motorcycle launch #OlaElectric, which listed its shares on Aug. 9 after a $734 million initial public offering (#IPO), has seen its shares jump 75% over the launch price of ₹76. For details, refer the link➟ https://t.co/4wNult0MZ8
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#Google Search set to expand its #AI Overviews to six new #countries During the testing, Google said that it found Indian users were listening to AI Overviews responses more often than other countries. For details, refer the link➟ https://t.co/lFTcMVNfZN
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Byju's US lenders file insolvency-quashing order before SC Some overseas #lenders to #Byju's have appealed to the Supreme Court (SC) opposing a verdict that had quashed #insolvency proceedings against the embattled #firm. For details, refer the link➟ https://t.co/v08MZrOONw
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