BUSINESS
TCS revenue growth to slowdown in FY24: Fitch Ratings
TCS reported 19 per cent year-on-year (yoy) revenue growth in 3QFY23 and 50bp quarter-on-quarter (qoq) expansion in the EBITDA margin, reflecting continued growth and the company's ability to pass on higher costs to customers, Fitch said.
India's physical rehab market likely to touch $35 bn by FY2028
Physical rehab in India currently is a $17 billion market, comprising three major segments -- restorative care ($5 billion market), geriatric care ($5 billion market) and pain relief ($3-4 billion market). As per Redseer estimates, 35-40 per cent of the physical rehab spend in India is concentrated in the top 10 cities.
Piyush Goyal mocks 'mini' trade deal with US, concedes no FTA on offer
India and the US have decided to focus instead on greater market access, ease of doing business between the two countries and a larger footprint regarding trading, investment and business, the Minister said on Wednesday. Two specific targets for this elevated engagement were semiconductors and defence production.
Lower global growth could bode well for India which is better positioned
"Key trends to watch out for in 2023 are the sustainability of credit growth, equity inflows and solid corporate earnings momentum, which were the key drivers of India's outperformance in 2022. These trends should persist, in our view, and keep India's valuation elevated. We expect moderate returns in 2023 and would selectively buy on dips given our constructive view of the Indian market in the medium term," it said.
Over 59 products unveiled, launched on Day 1 of Auto Expo
The theme of this year's show is 'Explore the World of Mobility'. Day 1 of the expo concluded with some top unveils by some of the leading brands with Maruti Suzuki unveiling its Concept EVX and Tata Motors showcasing its Tata Harrier EV, Tata Seirra EV and Tata Curvv petrol version.
Industry body seeks lifting curbs for non polluting activities in construction
A CII Delegation led by Harsh Bansal, Convenor, CII Delhi Panel on Urban Development, Real Estate, Infra, met Bhupender Yadav, Minister of Environment, and shared the construction industry concerns on bans imposed on the anticipation of poor air quality. Bansal shared that construction activities can be broadly categorised into two segments: Polluting and Non-polluting activities.
CBI files murder case against CMD of Amrapali Group, 8 others
In December 2022, the Patna High Court had directed the CBI to look into the matter and file a case after taking over the probe from the local police. Sharad Chandra, the then Secretary of Balika Vidyapeeth, was shot dead while he was reading newspaper at his residence at about 6:30 p.m. on August 2, 2014.
World's richest person Bernard Arnault appoints daughter to run Dior
Arnault, 73, is the chief executive, chair and majority shareholder of the group, which owns a swathe of high-end businesses including Louis Vuitton, Tiffany, Givenchy, Kering and Moet Hennessy, The Guardian reported. He announced on Wednesday that his eldest daughter would become Dior's chief executive and chair as part of a shake-up of the 382 bn euro (337 bn pound) conglomerate, the report said.
Direct tax collections rise 24% year-on-year to Rs 14.71 lakh crore
This collection is 86.68 per cent of the total budget estimates of direct taxes for 2022-23. Refunds amounting to Rs 2.40 lakh crore have been issued between April 1, 2022 and January 10, 2023, which are 58.74 per cent higher than refunds issued during the corresponding period of last year.
Tata showcases 14 electric vehicles and concepts, launches several
In its commercial vehicle segments, Tata Motors also unveiled the Magic EV, the Prime e28, ultra e.9 as well as the Hydrogen Fuel Cell truck at the event. Tata Motors has the biggest stall at the expo this year and their launches range across the electric, passenger, and the commercial vehicle segments. It is showcasing 14 electric vehicles and concepts.
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