Kernex Microsystems-led consortium wins ₹325-crore Kavach contract from South Eastern Railway

Kernex Microsystems (India) Ltd on Thursday (February 27) announced that South Eastern Railway has issued a letter of acceptance (LoA) to the KERNEX-MRT consortium for the supply, installation, testing, and commissioning of the Kavach safety system on “GO & GO”

Nifty down 14% from peak; is Indian stock market oversold? Which sectors may lead next leg of rally? Experts weigh in

Indian stock market has been under immense selling pressure since October last year. This has dragged the benchmark Nifty 50 down by over 14 per cent from its record high of 26,277.35 which it hit on September 27. The broader

India Inc holds breath for Trump’s new tariffs to kick in

Industry insiders in India warn that any such move in the pharmaceutical sector could be counterproductive for the US as it may face increased drug shortages if tariffs are imposed on such imports. IMAGE: US President Donald Trump. Photograph: Evelyn

SpiceJet posts Rs 26 crore profit in Q3

Budget airline SpiceJet on Wednesday reported a profit after tax of Rs 26 crore for the three months ended December 2024, helped by overall improved performance. Photograph: Amit Davec/Reuters The carrier had posted a loss of Rs 300 crore in

Why Nifty tanked over 14% from its record peak

Equity benchmark indices are facing massive corrections, with the NSE Nifty declining over 14 per cent from its lifetime high hit in September last year due to several negative triggers like stretched valuations, foreign fund exodus, disappointing quarterly earnings and

Mahesh Thiagarajan: ‘Oracle Was Little Late To Cloud Game’

‘We realised that locking customers to our Cloud was not fair to them.’ Photograph: Kind courtesy Oracle India Oracle Cloud Infrastructure (OCI), the data management giant’s Cloud services platform, grew 50 per cent in the June-November 2024 period in India,

Income Tax Department conducts search at Prestige Estates offices

Real estate firm Prestige Estates Projects Ltd on Tuesday (February 25) announced that the Income Tax Department is conducting a search operation at its registered office and branch offices starting February 25, 2025. “…we hereby inform that the Income Tax

Defence stocks to buy for long term: Elara Capital sees 44-57% upside in Hindustan Aeronautics, Bharat Electronics

Brokerage firm Elara Capital is positive on India’s defence industry in the long term due to higher budgetary allocation and focus on self-reliance. The brokerage firm is optimistic about the growth prospects of the sector due to the government’s focus

Capgemini India CEO bats for 47.5-hour work week, no weekend e-mails

Joining the debate on working hours, IT services company Capgemini India’s chief executive Ashwin Yardi on Tuesday advocated 47.5 hours work per week, and was against sending e-mails to employees on weekends. Photograph: Stephane Mahe/Reuters He was speaking at Nasscom

India has lower exposure to US tariffs than APAC peers: Moody’s

Moody’s Ratings on Tuesday said India has a lower overall exposure to the US relative to others in the APAC region, although certain sectors such as food, textiles and pharmaceutical products face risks. Photograph: Dado Ruvic/Reuters Moody’s said most companies