Colgate Palmolive (India) reported a 16% rise in second-quarter profit on Thursday helped by its expansion into rural markets and demand for its premium personal care products. The toothpaste maker's net profit rose to 3.95 billion rupees ($47 million) in the quarter ended Sept. 30, from 3.40 billion rupees a year earlier. In India, rural … Read more
Pidilite Industries is currently trading at Rs. 3100.35, up by 8.95 points or 0.29% from its previous closing of Rs. 3091.40 on the BSE. The scrip opened at Rs. 3130.00 and has touched a high and low of Rs. 3219.25 and Rs. 3079.20 respectively. So far 25134 shares were traded on the counter. The BSE … Read more
The Indian business process management (BPM) industry, that generated $48.8 billion in revenue in FY24, must rethink hiring strategies and prioritise right skills for the next phase of growth, according to a report on Thursday. Job movements now revolve around deep domain expertise, with a premium on candidates who can blend technical prowess with industry … Read more
Indian rupee traded flat against the US dollar on Thursday amid the American currency retreated from its higher level against rivals, despite the fear of slower interest rate cut by the US Federal Reserve. Moreover, routine interventions by the RBI have also helped the rupee sentiments. Although, weak domestic equities, elevated crude oil prices, persisting … Read more
Yotta Data Services on Thursday unveiled six artificial intelligence (AI) platform services, in collaboration with global graphics giant Nvidia, under its ‘Shakti Cloud’ platform to accelerate AI adoption for businesses, researchers, and innovators by offering state-of-the-art capabilities at competitive prices. Announced during the ‘Nvidia AI Summit’ in Mumbai, these AI models will be available through … Read more
Ashok Leyland is currently trading at Rs. 216.25, up by 2.05 points or 0.96% from its previous closing of Rs. 214.20 on the BSE. The scrip opened at Rs. 214.90 and has touched a high and low of Rs. 218.30 and Rs. 214.40 respectively. So far 254916 shares were traded on the counter. The BSE … Read more
Rating agency ICRA highlighted that the domestic market, which accounts for around 64% of the Indian ceramic tiles industry’s revenues, continues to witness resilient real estate demand, auguring well for the sector. However, the export market has started showing signs of a slowdown. The demand slowdown from the USA is visible in the current fiscal, … Read more
Rites is currently trading at Rs. 293.40, up by 0.35 points or 0.12% from its previous closing of Rs. 293.05 on the BSE. The scrip opened at Rs. 293.05 and has touched a high and low of Rs. 295.80 and Rs. 290.85 respectively. So far 24768 shares were traded on the counter. The BSE group … Read more
Union minister Nitin Gadkari has said the government has decided to double the 'defect liability period' to 10 years for contractors of engineering, procurement and construction (EPC) projects. Currently, under EPC projects, the responsibility for maintenance of national highways lies with the government after the defect liability period (5 years) is over. Gadkari said ‘The … Read more
Amid the boom in the global capability centres (GCCs) in India, the country is projected to see 2,500 such centres over the next four years, with their office space footprint likely to surpass 300 million square feet, according to a new report. India, with more than 1,800 GCCs as of today which occupy 240 million … Read more