Monsoon uncertainty weighs on gains from lower oil prices MUMBAI: Oil prices have tumbled enough for some analysts to lower India’s headline inflation forecast for the fiscal year, but uncertainty over the trajectory of monsoons is nudging consumer firms to temper their growth expectations. Companies with a wide footprint are hoping that a diversified product…
Persistent bids to buy German company for $1.3 billion BENGALURU: In one of the largest cross-border acquisitions by an Indian IT services company, Persistent Systems has launched an all-cash bid to acquire Germany’s Nagarro for about $1.3 billion, reports Shilpa Phadnis. This transaction could create a $2.9-billion digital engineering and AI powerhouse with more than…
MUMBAI: Delayed payments are putting working capital stress on MSMEs, with average overdue receivables beyond 360 days at around Rs 3.8 crore per firm and a national invoice payment cycle of 73 days, even as 82.6% of invoices are issued with credit periods of 0 to 30 days, a report noted. The Indian SME Receivables…
Turning tide: NHAI hits fast lane in arbitration on stricter monitoring NEW DELHI: NHAI, which handles the highest number of arbitration cases among govt agencies, seems to have seen its fortune change in some recent outcomes due to a greater focus on quality of arbitrators, stricter monitoring of cases and use of AI. Last week,…
AI enters cost-conscious era as enterprises chase returns NEW DELHI: The enterprise AI gold rush is giving way to a more disciplined phase. After two years of racing to deploy the biggest models and consume more compute, companies are asking a simpler question: is every AI rupee generating measurable business returns? Uber recently acknowledged that…
BENGALURU: The story of Nagarro cofounder Manas Human spans an unlikely arc — from the tea town of Dibrugarh in Assam and the classrooms of Delhi to the trading floor of the Frankfurt Stock Exchange, where he helped build one of the world’s largest digital engineering companies. Born in Dibrugarh, Human spent part of his…
Electric passenger vehicle sales may cross 3 lakhs in 2026 CHENNAI: India’s electric passenger vehicle (EPV) market is expected to maintain strong growth momentum in 2026, with annual sales likely to exceed 3 lakh units for the first time, compared with just under 2 lakh last year. So far in 2026, registrations are closing in…
Commerce and Industry minister Piyush Goyal is leading a business delegation to Greece as India seeks to deepen bilateral trade, investment and startup collaboration between the two countries. Commerce minister Piyush Goyal is leading a business delegation to Greece as India seeks to deepen bilateral trade, investment and startup collaboration between the two countries, PTI…
Wall Street heads into the second half of 2026 with investors bracing for a closely watched US jobs report that could reshape expectations for Federal Reserve interest rates, even as sharp swings in artificial intelligence (AI) and semiconductor stocks continue to keep markets on edge. Wall Street heads into the second half of 2026 with…
The IT services industry “has been stuck at 2-3% revenue growth over the last three years” and, with “AI deflation still only in Year 2,” JPMorgan expects “further headwinds to growth over the next two years.” India’s information technology (IT) services sector faces an uncertain demand environment as generative artificial intelligence (GenAI)-led productivity gains, geopolitical…
