MUMBAI: Dalal Street investors seem to have heaved a sigh of relief. The Indo-Pak ceasefire announced last weekend, which started a rally on Monday, has added over $300 billion (about Rs 26 lakh crore) to investor wealth, with India’s market cap now at $5.2 trillion (Rs 443 lakh crore).The gains came as the sensex rallied…
BENGALURU: IT firms have witnessed growth in median salaries, with increases varying from 12% to 37% since FY21. Infosys and Wipro showed a 30% rise in median compensation, while Cognizant and Accenture recorded increases of 12% and 17.5% during the same period.From FY21 to FY24, salary improvements varied across companies. Indian firms recorded increases between…
BENGALURU: IPO-boundinvestment platform Groww signed an agreement to acquire wealth-tech startup Fisdom in a deal valued at approximately $150 million, people familiar with the matter told TOI. “The deal is entirely cash-based and is expected to close after regulatory approvals,” one of the people said.The transaction marks Groww’s entry into the wealth management and offline…
MUMBAI: Call it consumption fatigue, price pinch, or a lack of new choices, demand for snacks remained static in FY25. Not all households necessarily cut back on spending on biscuits, noodles, or namkeen, but they did not buy more of them either, data sourced from market research firm Kantar showed.Some may have even purchased a…
BENGALURU: Delhivery reported its first full-year net profit in the 2024-25 financial year, buoyed by continued gains in its part-truckload (PTL) business and improving operational efficiencies.The logistics company also said early customer movement and network synergy from its proposed acquisition of Ecom Express began reflecting in higher daily volumes.Its net profit for FY25 was Rs…
NEW DELHI: Reflecting strong business confidence, India ranked third globally in trademark filings, with nearly 5.4 lakh new applications in 2024, narrowing the gap with the US, the second-biggest filer with a little under 5.7 lakh applications.China maintained its lead with 68 lakh filings, despite a steady three-year decline in activity.According to data shared with…
NEW DELHI: Korean Hyundai will launch 26 new cars in India over the next five years, intensifying competition in the industry as the company invests fresh capital and introduces new vehicles to increase market share amid growing challenges from homegrown Mahindra & Mahindra and Tata Motors.The company said it will invest Rs 7,000 crore in…
MUMBAI: Genesis Advertising and Puretech Digital have merged to form one group entity, Genesis Group. The merger, through a mix of cash and stock, will allow the group to offer its clients a wider suite of both traditional and digital advertising and marketing services. “We tried digital business but did not make much headway.We do…
Consumer sentiment in the United States fell for the fifth straight month in May, driven by growing concerns over inflation linked to President Donald Trump‘s trade policies. According to preliminary data from the University of Michigan, the consumer sentiment index dropped by 2.7 per cent to 50.8- its lowest level since June 2022 and nearly…
India’s wheat procurement has surpassed the previous year’s level, reaching 28.66 million tonnes so far in the 2025–26 marketing year, according to official data released on Thursday. This marked the highest procurement since the 2022–23 marketing year, buoyed by expectations of a record wheat output of 115.3 million tonnes this season.In comparison, total wheat procurement…
