CONSULTING INDUSTRY
Inter-ministerial group setup to assess Quality Control Orders
The government has established an Inter-Ministerial Group (IMG) to evaluate Quality Control Orders (QCOs) proposed by various ministries, aiming for a unified approach. This group will assess the necessity and content of QCOs, addressing concerns about their impact on different sectors and potential trade implications.
Railways stocks: Time to be contrarian; will bearish analysts go wrong again? 6 stocks, 2 with buy recos, 4 with sell recos
In the stock market, you can expect great rewards only if you take risks. So, is it time to risk investing in railways-related stocks? These stocks did very well up to July 2024 and have since been underperforming. Will they make a sharp comeback, as defence stocks did? Before deciding on whether to buy, sell, or hold railways stocks, let’s consider the bull and bear cases, not so much for the stocks themselves, but for the real business of the companies involved in the railways sector.
Draft data rules introduce potential for data localisation requirements: Trade associations to IT ministry
Industry bodies urged India’s IT ministry to align draft DPDP rules with the original Act, warning new localisation and broad government data access could hinder cross-border data flows. They recommended clearer processes, delayed implementation, risk-based breach reporting, and exclusions for credit data to support financial transparency and inclusion.
AI personal shoppers hunt down bargain buys
The AI adjusts the clothing size to fit, accounting for how fabrics drape, according to Google head of advertising and commerce Vidhya Srinivasan.Shoppers can then set the price they would pay and leave the AI to relentlessly browse the internet for a deal -- alerting the shopper when it finds one, and asking if it should buy using Google's payment platform.
VCs smell a big opportunity as petcare expands beyond food
India's petcare market is booming, attracting investors. Nestle invested in Drools, making it a unicorn. Supertails and Heads Up For Tails are seeking new funding. Vetic recently closed a $26 million round. The market is expected to double by 2028. Increased disposable incomes and changing lifestyles drive pet ownership. Ecommerce and quick commerce boost product accessibility.
Gig workers’ welfare programme: With ordinance out, Karnataka to issue draft rules in two weeks
Once finalised, the regulations will prescribe the rates of fees payable by platforms for services, such as ride-hailing, food delivery and online retail.Labour minister Santosh Lad credits Rahul Gandhi with the vision for the move. About five lakh gig workers are engaged by platforms throughout the state, and the law will benefit all of them, he added.
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Gig workers’ welfare programme: With ordinance out, Karnataka to issue draft rules in two weeks
Karnataka will soon release draft rules to implement a service fee on online platforms, funding welfare schemes for gig workers under a new prdinance. The law, driven by Rahul Gandhi’s initiative, aims to establish a welfare board and operationalise the fund by August, benefiting around five lakh gig workers statewide.
TRAI begins consultation for modalities of spectrum assignment in backhaul bands
TRAI has initiated consultations on assigning spectrum in several bands, including the lower 6 GHz, 7 GHz, 13 GHz, 15 GHz, 18 GHz, 21 GHz, E-Band, and V-Band. The regulator seeks stakeholder input on demand, terms, and charges, particularly for E and V bands crucial for high-throughput 5G backhaul.
TCS paid CEO K Krithivasan Rs 26.5 crore in FY25
TCS CEO K Krithivasan’s pay rose 4.6% to Rs 26.52 crore in FY25, with average employee hikes between 4.5-7%. Despite a net headcount increase to 607,979, hiring remained slow. Infosys saw a 11.7% profit decline and lower employee bonuses, projecting modest revenue growth for FY26.
TCS to add AI agents alongside human workforce: N Chandrasekaran
Looking ahead, TCS plans four progressions - establish a large pool of AI agents working alongside our human workforce, deliver solutions through a human+AI model, invest in AI data centers and cloud infrastructure, as well as forge partnerships, Chandrasekaran said.
China auto market price war stokes fears of industry shake-out
China's auto industry is facing an intensifying price war, sparked by BYD's significant discounts on its electric vehicles, leading to concerns about a potential shake-out. This price war is putting immense pressure on weaker players and the automotive supply chain, with some companies selling cars below cost.
MeitY forms panel to create national framework for GCCs
The Indian government is actively fostering the growth of Global Capability Centres (GCCs) by establishing an industry-led panel. This initiative aims to create a national framework, as announced in the federal budget, to guide states in promoting GCCs, particularly in tier 2 cities. The committee, comprising industry bodies and advisory firms, will focus on talent availability, infrastructure enhancement, and innovation.
India gears up to reboot ICU standards, fix doctor drain, and cash in on global med travel
India is developing a structured critical care framework to bridge infrastructure and human resource gaps. Led by NITI Aayog, the initiative will define resource allocation, patient prioritization, and standards for critical care units nationwide. This aims to improve domestic healthcare and attract medical tourists, addressing current imbalances and talent drain while preparing for future health crises.
Frinks AI raises $5.4 million in funding round led by Prime Venture Partners
Frinks AI, a deep-tech startup specialising in vision AI for industrial automation, secured $5.4 million in funding led by Prime Venture Partners, bringing its total funding to $6.25 million. Existing investor Chiratae Ventures and new investors Navam Capital and Zen Technologies founder Ashok Atluri also participated in the funding of the maker of next-gen vision AI systems for industrial automation and quality control. With this, Frinks AI has raised a total of $6.25 million.
Kolkata-based Fusion CX files DRHP with Sebi to raise Rs 1,000 crore through IPO
Fusion CX Limited has filed for a ₹1,000 crore IPO, comprising a ₹600 crore fresh issue and ₹400 crore OFS. Funds will support debt repayment, IT upgrades, acquisitions, and global expansion. The company serves 197 clients across 15 countries.
Tax breaks, skilling & SEZs on cards for eastern states
A panel led by Niti Aayog is set to propose tax incentives and simplified compliance for Bihar, Jharkhand, Odisha, West Bengal, and Andhra Pradesh. The roadmap, aligned with the Purvodaya mission, aims to boost manufacturing, skill development, and infrastructure. State-specific plans will address agriculture, mining, and rural development challenges.
Stock market update: Sugar stocks down as market falls
The 30-share BSE Sensex was down 453.12 points at 81723.33
Stock market update: FMCG stocks down as market falls
The 30-share BSE Sensex was down 808.92 points at 81367.53
Stock market update: Mining stocks down as market falls
The 30-share BSE Sensex was down 848.13 points at 81328.32
M-cap of 6 of top-10 most valued firms erodes by Rs 78,166 crore; Reliance biggest laggard
The combined market valuation of six of the top-10 most valued firms eroded by Rs 78,166.08 crore last week, with Reliance Industries taking the biggest hit, in line with weak trends in equities.
Trump-Harvard face-off: Environment of uncertainty shakes Indian students’ faith in American dream
Recent US policies perceived as hostile to foreigners, including the Trump administration's attempt to bar international students, are causing Indian students to reconsider studying in the US. Concerns about safety, job opportunities, and potential visa issues are driving interest towards alternative destinations like the UK, Europe, and the Middle East.
Ace investor Mukul Agrawal sells shares worth Rs 1 crore in this smallcap stock. Check details
Ace investor Mukul Agrawal sold over 1.3 lakh MITCON shares for ₹1 crore via a block deal at ₹80.52 apiece. Despite past underperformance, the stock gained 8% today and 14% in the last month, signaling a recovery trend.
Sensex rises! These stocks are up over 10% on BSE
In the Nifty 50 index, 44 stocks were trading in the green, while 6 stocks were trading in the red.
Sensex rises! But these stocks are down 5% or more on BSE
In the Nifty pack, 44 stocks were trading in the green, while 6 stocks were trading in the red.
Sensex rises! But these stocks are down 5% or more on BSE
In the Nifty pack, 43 stocks were trading in the green, while 7 stocks were trading in the red.
Sensex rises! These stocks are up over 15% on BSE
In the Nifty50 index, 48 stocks were trading in the green, while 2 stocks were in the red.
Sensex rises! These stocks are up over 15% on BSE
In the Nifty50 index, 48 stocks were trading in the green, while 2 stocks were in the red.
From tax suits to tech suites, it’s a Recalibrate@Big4: Tech consultants now take up chunk of top advisory space
India's Big Four accounting firms, traditionally known for audit and tax services, are now dominating technology consulting. Fueled by post-pandemic digital transformation, tech consulting leads in headcount and new hires. This shift marks a significant pivot, with firms like Deloitte and EY dedicating a large portion of their workforce to this rapidly growing sector.
Top IT companies brace for a damp Q1 on muted deal momentum
India's IT sector faces muted growth, projected at 0-3% for Q1 FY26, despite easing geopolitical tensions and trade agreements. Clients remain cautious, impacting tech budgets and deal momentum, with project pauses reported. While some anticipate a slight recovery, investments prioritize cost optimization and AI, favoring agile mid-tier players over larger firms.
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