Depleting order book remains a concern. Thermax Ltd (TMX) is a leading energy and environment solutions provider. They offer integrated, innovative solutions in the areas of heating, cooling, power, water & waste management, air pollution control and chemicals. * TMX reported in-line revenue growth of 13% YoY in Q1FY25, led by the industrial product (15% … Read more
Zoho CEO Sridhar Vembu on Monday said the company is taking aggressive steps to open offices in rural areas. Vembu said this, even as the Chennai-based SAAS company opened another office in a rural area of Tamil Nadu. The new campus launched in Tharuvai in Tirunelveli district, adds to other major centres in southern districts: … Read more
Bajaj Housing Finance's IPO, one of India's largest offerings this year, opens for public subscription on Monday after raising about $209 million from major institutional investors, with analysts predicting strong interest amid booming demand for home loans. The $782 million IPO, which will make the company India's most valuable listed home loan provider at a … Read more
Crisil Ratings in its latest report has said that education loans, primarily those to fund courses overseas, will continue to be among the fastest-growing segments for non-banking financial companies (NBFCs) because of rising demand for higher education. Their assets under management (AUM) is expected to grow at a healthy clip of 40-45 per cent to … Read more
Gold prices were flat on Monday, as investors awaited U.S. inflation print due this week to strengthen their bets on the size of a likely reduction in Federal Reserve's interest rates. Spot gold held its ground at $2,497.25 per ounce, as of 0305 GMT. U.S. gold futures edged 0.1% higher to $2,526.10. Major data points … Read more
Global aerospace major Boeing on Sunday announced it has reached a tentative pay agreement with the International Association of Machinists and Aerospace Workers (IAM) which represents more than 33,000 employees. The pact has ended weeks of intense negotiations and avoiding a potential strike. “We've heard what’s important to you for the new contract. And we … Read more
With an aim to ensure less burden on the taxpayers, the 54th GST Council meeting on Monday is likely to deliberate on a slew of issues, including rate rationalisation, taxation of insurance premiums, online gaming, and more. According to industry sources, the GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, is also likely to … Read more
Asian share markets slid on Monday after worries about a possible U.S. economic downturn slugged Wall Street, though U.S. stock futures did rally from an early dip and bond yields came off their lows. Data on consumer prices (CPI) from China showed the Asian giant remained a driver of global disinflation, with producer prices falling … Read more
The dollar held to tight ranges on Monday while the yen pared its safe-haven gains, as investors were undecided on the scale of a Federal Reserve rate cut expected later this month and looked to this week's U.S. inflation reading for more clues. In China, data showed consumer prices accelerated in August to the fastest … Read more
In a major move to position Uttar Pradesh as a key player in semiconductor manufacturing, the Yogi Adityanath-led government is set to host Semicon India 2024 at the India Expo Mart in Greater Noida from September 11 to 13. This event, which will be organised in collaboration with SEMI, Messe Muenchen India, and the … Read more