The analyst community tracking the Indian IT services industry took special note of Accenture's first quarter (Q1) performance, which showcased the rapid growth of its consulting business that outperformed its outsourcing business. Bookings indicate that the trend will continue. Consulting bookings increased 41.6 per cent year-on-year (yoy) to $9.4 billion, higher than the 17.6 per cent growth in outsourcing to $7.4 billion. The management commentary was also more bullish on the consulting business.
Initial share sales are set to dazzle the Dalal Street in 2022 too as companies are expected to garner up to Rs 1.5 lakh crore in the New Year, continuing with the bullish momentum after 2021 turned out to be the best IPO year in two decades for the Indian market. Excessive liquidity and increased retail investor participation ensured a persistent euphoria in the Initial Public Offer (IPO) space wherein companies mopped up more than Rs 1.2 lakh crore this year even as pandemic gloom shadowed the broader economy. In 2022, the higher amount of funds through the primary market will be largely driven by the mega IPO of state-owned Life Insurance Corp (LIC).
There seems to be no dearth of funds to fuel this growth, report Peerzada Abrar and Shivani Shinde.
From being the third largest party in the outgoing Lok Sabha with 37 seats, the AIADMK has to now contend with single digit tally, pushed to the third spot behind arch rival DMK and Congress despite fighting the polls as part of a "mega alliance" with parties, including the Bharatiya Janata Party.
The bill to nullify retrospective taxation offers a fair solution within the framework of Indian law and Parliamentary sovereignty to companies which have been subjected to such demands, Finance Secretary T V Somanathan said on Thursday. Finance Minister Nirmala Sitharaman introduced 'The Taxation Laws (Amendment) Bill, 2021' in the Lok Sabha that seeks to withdraw tax demands made using a 2012 retrospective legislation to tax the indirect transfer of Indian assets. The Bill provides for the withdrawal of tax demand made on "indirect transfer of Indian assets if the transaction was undertaken before May 28, 2012 (i.e. the day the retrospective tax legislation came into being)."
2018 recorded a strong uptick in start-up investments on the back of some mega deals and was the best year for the sector, surpassing the previous high of $4.8 billion in 2015.
Most are focussed on developing mega-cities, but the real growth will come in small and mid-sized cities.
Yogi Adityanath's aura is no longer limited to Uttar Pradesh. At the age of 49, his journey to the higher echelons in the BJP has well and truly begun, predicts Sudhir Bisht.
Jaya is a woman of steel in the truest sense of the word. Despite being the first lady of filmdom, she's as real and rooted to the ground as anyone can get, notes Subhash K Jha on the actor-politician's 74th birthday.
The uptick in prices ranging from steel to wheat could benefit lots of commodity-based companies -- from State-owned SAIL to the agro exporters.
With consumers staying indoors and e-commerce firms extending their reach to a larger number of pin codes, these giants have snatched a larger share from the offline traders this season.
For Q4CY20, PC shipments grew by 27 per cent year-on-year, said data from the IDC.
Mommy Kareena Kapoor and daddy Saif Ali Khan have put together a nursery fit for royalty -- complete with the Pataudi crest -- for their baby.
The UN Conference on Trade and Development (UNCTAD) said in a report on Monday that a lower but positive economic growth in India in the post-Covid-19 pandemic period and India's large market will continue to attract market-seeking investments to the country. The World Investment Report 2020 by UNCTAD said that India was the 9th largest recipient of FDI in 2019, with 51 billion dollars of inflows during the year, an increase from the 42 billion dollars of FDI received in 2018, when India ranked 12 among the top 20 host economies in the world.
At the recently opened 21 Farenheit, located in Andheri, Mumbai, party-goers saddle up to the all-ice bar and drink from all-ice glasses, all while wrapped up in parkas, boots and gloves! Check out the video.
Key drivers of these risks can be arrested or reversed through building more inclusive societies, for which international cooperation and long-term thinking will be vital
It is important to increase employment in general. It is even better to increase good quality jobs. Strategically, it is important to move people from farms to factories to improve overall labour productivity. It is important to improve job opportunities for women, for urbanites and for the educated. The Budget does not contain ideas to do any of this, points out Mahesh Vyas.
The overseas market for Indian films continues to be growing rapidly.
The 12th edition of EORS will be held from June 19-22. There will be a dedicated central virtual war-room for tactical problem solving across all phases of the event. Shoppers across the country will have access to over 700,000 styles from over 3,000 fashion and lifestyle brands. Myntra is expecting 3 million people to shop from the safety of their homes.
Kohli conceded that the tournament will see a run-fest but pressure of playing in a World Cup will make even 260-270 hard to chase.
Private equity players said their research had shown that the PE share after COVID-19 could go up to 8-10 per cent.
Reliance, Bharti's response to Ahmedabad's space crunch.
The prime minister was received at the airport by India's Ambassador to the US, Harsh Vardhan Shringla, and his American counterpart Ken Juster.
'Kejriwal took political steps and micro level care at every level not to allow the consolidation of Hindu votes behind the BJP,' observes Sheela Bhatt, the distinguished political commentator.
There is continued shift by passengers from rail to other modes of travel, thanks to improvement in road connectivity and the shrinking differential in high-end rail and low-end air travel.
German airliner Lufthansa has no plans to bid for equity in either Air-India or Indian Airlines as a counter to Air France-KLM mega merger, its executive vice-president Thierry Antinori said in New Delhi on Friday.
'Urbanisation results in heavy rainfall events.'
With exporters' claim for over five months still pending, liquidity has been wiped out and the process of finalising new contracts has been held up.
Kangana Ranaut, Hrithik Roshan and Ajay Devgn get ready to live real lives.
Baba Ramdev's brand is pivoting away from franchise outlets and expanding its retail presence through the tried-and-tested channel distribution route of FMCG companies. Arnab Dutta reports.
'The undiminished threat, therefore, has the potency of sustaining itself in multiple ways in the near and medium term.' 'The state agencies need to utilize innovative methods in countering radicalization and violent extremism to address this growing threat'.
Websites that compare product prices and offer cashback can help you get attractive deals and discounts.
Today, apologies by CEOs of global corporations have become so common that you get case studies on the subject.
UTC India is playing up the umbrella brand of Carrier and OTIS to push integrated services.
Union Minister Kiren Rijiju on Saturday said funds meant for Central projects would be under BJP's scanner to ensure judicious utilisation in Arunachal Pradesh.
'This time, even the professedly secular parties have maintained a conscious distance from being identified with Muslims.' 'This could be interpreted as a success of the BJP campaign of what it has been calling 'minority appeasement', says Mohammad Sajjad.
Model Jessica Ruth Cunville Marbaniang from Shillong, Meghalaya on how she got a chance to debut at Lakme Fashion Week
This Jenner sister is on her way to becoming the queen of cosmetics. And she just turned 20.
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