Indian IT services sector likely to resume high single-digit revenue growth in FY22: Fitch Ratings Indian IT services sector likely to resume high single-digit revenue growth in FY22: Fitch Ratings Nidhi Jani / Wednesday, October 7, 2020 0 1026 Article rating: 5.0 It concluded by saying that strong demand for the services, Indian rupee depreciation, and cost-control measures, such as salary freezes during downturns, support stable profitability. Read more
Sunteck Realty pre-sales jumps on QoQ and YoY basis Sunteck Realty pre-sales jumps on QoQ and YoY basis Nidhi Jani / Wednesday, October 7, 2020 0 1075 Article rating: 4.5 The company witnessed substantial growth in pre-sales for Q2FY21 at Rs 200 crore, up by 98 per cent on a QoQ basis and up by 96 per cent on a YoY basis. Read more
Indian services sector moves towards stabilisation in September Indian services sector moves towards stabilisation in September Nidhi Jani / Tuesday, October 6, 2020 0 861 Article rating: 5.0 There was a sharp rise in outstanding business at the companies operating in the Indian services sector at the end of the second quarter of the fiscal year 2020-21. Moreover, the rate of backlog accumulation was little-changed from August's survey record. Read more
Near-term growth of logistics sector to be driven by e-commerce: ICRA Near-term growth of logistics sector to be driven by e-commerce: ICRA Nidhi Jani / Tuesday, October 6, 2020 0 1385 Article rating: 5.0 For FY21, it expects the revenue of its sample to decline by 18-20 per cent YoY, against the backdrop of 11 per cent contraction in GDP. Read more
Arvind Fashions to terminate GAP business in India Arvind Fashions to terminate GAP business in India Nidhi Jani / Wednesday, September 30, 2020 0 10465 Article rating: 3.5 The GAP business delivered revenues of Rs 182 crore (4.7 per cent of AFL's consolidated turnover) with a PBT loss of Rs 34 crore in FY20. Read more