Tag: INDIA
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Titan Company Projected to Report 24% Rise in Q3 Revenue on Strong Jewellery Demand
Titan Company estimates a 24% increase in Q3 revenue driven by festive jewellery demand. The significant growth in the jewellery segment, which generates 87% of total revenue, is projected alongside rising sales in plain gold and gold coins. The company anticipates challenges due to customs duty cuts but remains optimistic about overall performance in both…
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The Push for Transparency in Credit Scoring: Addressing Concerns and Recent Changes
The article highlights issues surrounding credit scores in India, focusing on individual cases where borrowers faced higher interest rates or were unfairly labeled as defaulters despite good repayment records. It discusses the recent moves by the Reserve Bank of India to enhance transparency and accuracy in credit reporting, noting the significance of these scores in…
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Indian IT Sector Braces for Mixed Q3 Results Amid Modest Growth Prospects
As the Indian IT sector prepares for Q3 FY25, Tier 1 companies like TCS, Infosys, and HCL Tech are projected to show modest revenue growth, while Tier 2 firms such as Coforge may reveal stronger results. Operating margins are expected to improve slightly despite challenges. Key sectors like BFSI and TMT indicate rising demand, and…
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IT Companies Prepare for Mixed Q3 Results with Tier 1 Firms Anticipating Modest Growth
The Indian IT services sector is preparing for a mixed Q3 FY25, with Tier 1 companies expected to report modest revenue growth, while Tier 2 firms like Coforge may demonstrate stronger performance. Improving operational practices and demand, particularly in BFSI and TMT, contribute to this outlook. Additionally, generative AI is emerging as a key growth…
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Q3 FY25 Results Preview: Indian IT Sector’s Expected Performance Insights
The Indian IT sector is preparing for Q3 FY25 earnings, with TCS leading on January 9. Analysts expect mild growth in major players, but tier-2 firms may outperform. Revenue results may be influenced by seasonal furloughs and macroeconomic factors, with forecasts indicating stable margins despite wage hikes. The Indian IT sector is poised for earnings…
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Rainmatter Ventures: Amplifying Investments in Key Sectors for 2025
Rainmatter, a Bengaluru-based venture fund, plans to increase investments in fintech, climate, health, and storytelling startups in 2025, targeting a significant portion of its ₹1,000 crore allocation. After deploying ₹250 crore across 40 startups in 2024, the fund aims to enhance its engagement with founders in these sectors while addressing environmental challenges and establishing a…
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Companies Anticipate 50% Increase in Generative AI Investments in 2025
Global companies are projected to increase generative AI investments by 50% in 2025, accounting for 6.5% of tech spending. The effects on India’s $254 billion IT services industry are debated, with some analysts predicting deflationary pricing pressures while others foresee new business opportunities. Major firms like Accenture report substantial revenues from GenAI projects, and companies…
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Rajat Verma Appointed CEO of DBS Bank India as Leadership Transitions
DBS Bank has appointed Rajat Verma as its new CEO for DBS Bank India, starting March 1, 2025, succeeding Surojit Shome. In 2024, 26 startups in India initiated Esop buybacks, reflecting an upward trend compared to the previous year. On December 31, 2024, it was announced that DBS Bank of Singapore has appointed Rajat Verma…
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Building Effective Organizational Strategies for AI Adoption: Insights from TCS CTO
Harrick Vin, CTO of TCS, emphasized the challenges of building an effective organizational strategy for AI adoption, which requires collaboration among diverse teams. He noted that low AI adoption rates are often due to misalignment with organizational needs and insufficient knowledge on driving structural changes. TCS maintains a steady R&D expenditure to address these challenges…
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Chinese Firms Rely on Loans and Reserves for Expansion in India
Chinese companies in India, particularly Xiaomi and Haier, are increasingly funding their expansion via cash reserves and loans due to significant delays in securing government approval for equity from their parent firms. Regulatory changes necessitated by rising geopolitical tensions have made foreign investment more challenging, prompting these companies to self-finance and explore partnerships as alternative…