India’s top IT firms anticipate a slow start to FY27, with growth likely to remain subdued as clients focus on cost savings over major tech investments. While AI adoption is rising, it’s funded by efficiency gains, not budget increases. Margins are expected to hold steady due to currency benefits and cost control. Long-term prospects remain
Pakistan’s fiscal decentralisation efforts have failed to bridge regional spending gaps, with provincial capitals like Quetta and Lahore receiving significantly more per person than their own provinces. Despite budget surpluses in some areas, poorer regions face underinvestment. Concerns also arise over education and healthcare spending not yielding desired results, alongside widespread financial irregularities uncovered by
Dalal Street concluded the past week on a high note, with top companies collectively adding over Rs 1 lakh crore to their market cap. Bharti Airtel and Bajaj Finance led the gains, buoyed by strong domestic economic data and positive global sentiment. While most of the top 10 firms saw their valuations climb, Larsen &
The Central Bureau of Investigation (CBI) has apprehended Amit Bapna, former CFO of Reliance Capital Ltd, as part of its probe into Reliance ADA Group matters. Authorities allege Bapna, a key financial decision-maker, approved loans to intermediary firms despite knowing it violated RBI guidelines. Funds were reportedly diverted to various Reliance group entities, causing losses
India’s Finance Ministry has finalized rules for goods eligible for benefits under the India-UK trade pact, set to begin July 15. This Comprehensive Economic and Trade Agreement (CETA) will grant duty-free access to 99% of Indian exports, boosting sectors like textiles and engineering. Exporters must now provide a certificate of origin to claim these tariff
Union Minister Hardeep Singh Puri has addressed social media concerns regarding ethanol-blended fuel, dismissing claims of pest attraction and engine damage. He emphasized that ethanol usage is a century-old concept and highlighted past government efforts. Recent tests by ARAI and OEMs indicate a minor drop in fuel efficiency with E20, while Toyota clarified a specific
India has ascended to become the world’s second-largest mobile phone manufacturer and exporter, Prime Minister Narendra Modi announced, underscoring the nation’s commitment to building a comprehensive electronics and semiconductor ecosystem. This strategic push, encompassing chip design, fabrication, and packaging, is a pivotal step towards a ‘Viksit Bharat’ and represents the next phase of the ‘Make
Concerns surrounding E20 ethanol-blended petrol are being addressed by industry experts, who assure its safety for all vehicles, including older models. Years of rigorous scientific testing and consultations with automakers have confirmed its efficacy. This nationwide rollout aims to significantly reduce India’s reliance on crude oil imports, offering a more sustainable and secure energy future
The government has increased its onion procurement price to Rs 2,125 per quintal, a 13% jump, to boost farmer earnings and accelerate buffer stock building. This marks the fifth revision this season amidst sluggish procurement. Despite this, domestic availability remains stable with adequate stocks and steady wholesale arrivals. Speculative buying is noted, but consumer demand
