Major IT services provider Accenture, which is listed on the Nasdaq, increased its prediction for fiscal 2025 revenue growth from 3-6% to 4-7%. The modification is ascribed to a decreased adverse effect of foreign exchange fluctuations, which is now anticipated to be roughly 0.5% as opposed to the 1.5% that was previously estimated. With more…
India’s oil meals export experienced a 7.15% decline in the first eight months of 2024-25, reaching 27.51 lakh tonnes compared to 29.64 lakh tonnes in the same period last year. This decline is primarily due to reduced rapeseed and castor seed meal exports and intensified competition from global soybean meal markets. Major importers include South…
Frontline indexes Nifty and Sensex plunged for the fourth straight day on December 19, losing more than three percent of their value over the week and wiping out more than Rs 10.5 lakh crore in investor capital. Whereas the Sensex plummeted 1,000 points, the Nifty 50 lost the 24,000 symbol. Interestingly, the Nifty 50 has…
Turmeric prices fell 3.9% to ₹13,806 as reports of good yields showed a slight improvement despite some weather changes. Turmeric arrivals rose to 9,030 bags from 7,965 bags in the previous session. With Hingoli markets closed, key trading hubs like Erode were active. The crop has expanded significantly, especially in Erode district, where it is…
As the US Federal Reserve’s hawkish stance triggered a broad dollar rally, the rupee fell 12 paise to its lowest point ever, 85.06, against the US dollar in early trading on Thursday. Forex dealers reported that the US Federal Reserve had changed its 2025 forecasts, indicating a more cautious approach to monetary policy and putting…
After a strong advance ahead of the US Federal Reserve’s policy statement later today, cautious investors booked profits, causing India’s share market to drop for three consecutive days, with the Nifty down about 600 points since Monday. After a strong 6.1 percent comeback from late November lows, the NSE index has fallen 2.5 percent since…
Cotton candy prices are expected to decline by 0.26% to ₹54,530 per tonne in CY 2024-25, while global production is expected to increase by 1.2 million bales to 117.4 million bales due to higher supplies in Argentina and India. Cotton supplies in North India (Punjab, Haryana and Rajasthan) have declined by 43% year-on-year as of…
Urad (black matpe) prices have surged due to crop damage in Tamil Nadu and Andhra Pradesh, declining acreage, and adverse weather conditions. A 25% drop in kharif output and increased export prices from Myanmar have tightened supplies in the domestic market. Karnataka and other regions have reported poor quality and reduced yields, exacerbating the situation….
On Wednesday, Inox Wind Limited (IWL) declared that Serentica Renewables (Serentica) had placed an order with IWL for 60 MW. According to a regulatory filing, this order is for the delivery of 3 MW class turbines by H1 CY25. These WTGs will also be installed at the hybrid renewable energy project site in Karnataka that…
Following a decision from the National Company Law Tribunal (NCLT), ITC Ltd. stated on Tuesday that it has set January 1, 2025, as the effective date for the demerger of its hotel sector. The business disclosed in a regulatory filing that NCLT had issued an order approving the deal. The demerger between ITC Limited and…
