Tag: VASTU SHASTRA
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Currency Depreciation Favours IT Firms as Earnings Season Approaches
IT companies are poised to overcome seasonal challenges, benefiting from currency depreciation. HCLTech is expected to lead revenue growth, while TCS and Wipro might experience declines. Analysts emphasize the significance of upcoming earnings reports, discretionary spending trends, and technological advancements, particularly in Generative AI, for the sector’s recovery. Amid challenges typical of the December quarter,…
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Government Scrutinizes Quick Commerce Companies Over FDI Compliance
Quick commerce companies are under government scrutiny regarding FDI compliance related to inventory policies. The DPIIT is investigating their operations to ensure adherence to regulations. Concerns have been raised about the impact on local kiranas and the potential for unfair competitive practices. These firms have seen significant investment and growth, prompting calls for vigilant oversight…