Pricing, not volume, drives India Inc in Q1; revenue estimated to grow 11-11.5% despite supply disruptions: Crisil

Pricing, not volume, drives India Inc in Q1; revenue estimated to grow 11-11.5% despite supply disruptions: Crisil

Representative image (IANS photo) India’s corporate earnings season for the April-June quarter, underway since last week, gathers pace through July, with Reliance Industries reporting on Friday and HDFC Bank, ICICI Bank and Kotak Mahindra Bank following on Saturday.Results so far show a mixed pattern. Profits have grown consistently, but some companies have missed analyst estimates.Corporate … Read more

Harsh reality for H-1B visa returnees: Changed Indian IT hiring landscape, lower salaries and fewer jobs

Harsh reality for H-1B visa returnees: Changed Indian IT hiring landscape, lower salaries and fewer jobs

Experts note that the lack of adequate skills is not altogether the problem – it’s the job market. H-1B visa holders returning to India due to layoffs or uncertainties pertaining to the Donald Trump administration’s immigration policies and tighter visa guidelines are facing a harsh reality – jobs back home are not readily available.US technology … Read more

India exports $140 million worth of goods to UK at zero duty on Day 1 of trade pact implementation

India exports 0 million worth of goods to UK at zero duty on Day 1 of trade pact implementation

India exports $140 million worth of goods to UK as FTA takes effect NEW DELHI: India exported goods worth over $140 million to the UK at zero import duty on the first day of the India-UK Comprehensive Economic and Trade Agreement (CETA) coming into force on Wednesday, Commerce Secretary Rajesh Agrawal said.More than 50 export … Read more

Semicon 2.0, Varanasi projects, rail upgrades & more: All about 7 big decisions cleared by Cabinet

Semicon 2.0, Varanasi projects, rail upgrades & more: All about 7 big decisions cleared by Cabinet

The Union Cabinet on Wednesday approved seven major decisions covering infrastructure, semiconductor manufacturing, mobile phone production, fertiliser and railway projects. The package includes Semicon 2.0, the Mobile Phone Manufacturing Scheme (MPMS) and the National Investment Policy for Urea-2026, with a combined outlay of Rs 2,19,353 crore.The announcements came during a press briefing after the Cabinet … Read more

IBM shares tank 26% after initial results disappoint

IBM shares tank 26% after initial results disappoint

Shares of software and IT services companies plunged Tuesday after International Business Machines (IBM) reported preliminary results that missed analyst expectations, reigniting questions about the sector.IBM shares plummeted as much as 26%, on track for their biggest one-day drop since at least 1968. The company reported that it missed expectations because customers shifted capital spending … Read more

Trump admin’s Section 301 probe: Why India’s ban on import of goods produced through use of forced labour is important

Trump admin’s Section 301 probe: Why India’s ban on import of goods produced through use of forced labour is important

India: The import of goods produced or manufactured, wholly or in part, through the use of forced labour is prohibited. (AI image) Amid Donald Trump administration’s Section 301 probe, the government has revised the Foreign Trade Policy (FTP) to prohibit the import of goods that are produced wholly or partly through forced labour.The move comes … Read more

India Trade Deficit: India’s trade deficit hits 5-month high as imports surge

India Trade Deficit: India’s trade deficit hits 5-month high as imports surge

NEW DELHI: India’s trade deficit widened to a five-month high of $30.4 billion as imports jumped 31% – the fastest pace of expansion in nearly four years – to $70.8 billion, although exports retained their momentum.Latest data released by the commerce department on Monday estimated that exports rose 15.4% to $40.4 billion, but it was … Read more

Renewable energy boost: Aditya Birla Group to buy Shell-backed Sprng Energy; deal worth $1.8 billion

Renewable energy boost: Aditya Birla Group to buy Shell-backed Sprng Energy; deal worth .8 billion

The final equity payment to Shell will be calculated after taking into account adjustments related to debt, cash and other items outlined in the transaction agreements. (AI image) Aditya Birla Renewables Ltd (ABRen), the renewable energy arm of Grasim Industries, has entered into an agreement to acquire Sprng Energy from Shell Overseas Investment BV in … Read more