The Union government's efforts on infrastructure development and investments in critical sectors such as railways, defense, power, and data centers is expected to drive growth momentum into financial year (FY) 2026 and beyond, says a report by financial services firm Prabhudas Lilladher (PL).
Related news
Vanguard is set to inaugurate its largest global tech development centre in Hyderabad, marking its first in India. The centre will hire approximately 2,300 tech professionals within the next three to four years, focusing on AI/ML, Generative AI, cloud engineering, mobile engineering, and cybersecurity.
Tata stakeholders are considering appointing a retired Supreme Court chief justice as arbitrator to determine trustee appointments for the Ratan Tata Endowment Foundation.
Google has proposed minimal changes following a court ruling that it illegally monopolized online search. The tech giant suggests allowing competitors on platforms like Apple's iPhones and its own Android system, while still paying for prominent search placement. The government, however, wants more drastic measures, including the sale of Google's Chrome browser.
Infosys has announced salary hikes of 5% to 8% for employees ranging from junior to senior roles up to job level 7, with top performers receiving double-digit hikes. Increments for title holders will be rolled out in April. The average salary hike for India employees is between 6% and 8%. Infosys plans to hire 15,000 freshers this quarter and 20,000 freshers in 2025-26.
Leave Travel Allowance (LTA) allows salaried employees to claim tax exemptions on travel expenses within India. LTA can be claimed for a maximum of two journeys within a four-year block. Only transportation costs, such as airfare or train tickets, are covered. To claim LTA, employees must submit original travel documents and proof of expenses.
On Tuesday, the sensex and Nifty closed lower for the fifth straight session due to weak global and domestic cues. Trump’s tariffs and ongoing US trade policy uncertainty, along with a weak rupee and continuous foreign fund outflows, impacted market sentiment. Sensex dropped by 1,018 points, Nifty by 310, and mid- and small-cap indices saw significant losses.
IndiGo will ramp up its fleet with three more Boeing 787-9 planes on a damp lease from Norse Atlantic Airways, targeting expansion to Europe by mid-summer 2025. The airline is also set to receive one Boeing 787 for operations and aims to bolster its international presence.
India's gems and jewellery sector is highly dependent on exports, with the US being a major market. In FY 2023-2024, India's total exports of gems and jewellery stood at $32.85 billion, with $9.95 billion directed to the US, accounting for 30.29% of the sector's exports.
China’s economy achieved its annual growth target of 5% for 2024, helped by a late-year stimulus and boosted exports before US tariffs. Industrial production surged by 6.2% in December, though domestic demand remained weak with modest retail sales growth and rising unemployment. Further fiscal measures are expected to support the economy amid external challenges.
President Donald Trump has suggested a trade deal with China may be possible, despite ongoing tariff escalations between the US and several key trading partners. Both countries are urged to resolve disputes with mutual respect and dialogue. Tariffs have stirred global market anxiety and prompted international responses.