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India’s largest IT company TCS says little has changed in terms of client sentiments on ground, as it delivered 1% sequential revenue growth in the third quarter. The company which saw its BFSI segment – which is banking, financial services and insurance – de-grow by 3% on a yearly basis, hopes that this segment must … Read more

A sharp rise in home sales as well rising office occupancies might be the talk of the town. Yet, private equity investments in the sector remained muted. In the first nine months of FY24, i.e. April to December 2023, PE investments in the sector registered a 26% decline, says a report by Anarock. Investor activity remained tepid … Read more

The White House and the Pentagon have warned that the supply of Patriot interceptor missiles may soon be unsustainable due to their substantial cost of around $2 million to $4 million each, The New York Times reported. As Russia intensifies its winter bombardment with a diverse range of missiles and drone weapons, Ukrainian defenses are reliant … Read more

According to satellite imagery, Japan’s Noto Peninsula was rattled and slightly enlarged when a 7.6-magnitude earthquake struck on January 1. Preliminary satellite analysis and on-the-ground surveys have found that the earthquake raised land along the coast — a process called uplift — by as much as 4 meters, roughly 13 feet. That means the sea floor along the coast … Read more

For FMCG majors, the year of 2023 has been a mixed bag. While easing commodity prices reduced stress on their margins, it also brought back local competition that exited the market during the pandemic. This year, they’ll have to keep fighting off competition from nimble, new-aged and local competitors but most brokerages bet that the … Read more