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Coforge, Persistent outperform mid-tier peers amid slowdown

BENGALURU: Coforge and Persistent Systems continued to post double-digit revenue growth in the Dec quarter, standing out as several engineering-focused mid-tier IT companies saw growth taper or turn negative. Firms such as Tata Technologies, Cyient, LTTS and Tata Elxsi largely reported slower momentum, with revenue, margins and net profits showing signs of moderation. Coforge reported…

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Proxy advisory firm flags ‘crisis’ at Zee Ent, co rejects claims

MUMBAI: Shareholder advisory firm InGovern has turned up the heat on Zee Entertainment Enterprises, calling for the appointment of a professional managing director, a forensic audit of related-party transactions, and other governance reforms. InGovern said Zee is witnessing a deepening crisis of confidence, with promoters exercising substantial operational control despite holding a stagnant equity stake…

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Industry split, govt reviews import policy on refurbished med devices

NEW DELHI: As India pushes ahead with bilateral trade agreements, the issue of importing refurbished medical equipment has emerged as a contentious flashpoint in the medical devices sector. Domestic players have warned against easing restrictions, flagging patient safety risks and concerns over unfair competition, while MNCs are advocating a globally-aligned framework to allow wider access…

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New Tamil Nadu plant to power JLR’s ambitions in India

CHENNAI: Strengthening India’s capabilities in premium vehicle manufacturing, Tata Motors Passenger Vehicles and its subsidiary Jaguar Land Rover Automotive Plc (JLR) have inaugurated a new greenfield facility at Panapakkam in Tamil Nadu. Located about 80km from Chennai, the plant is expected to emerge as a key assembly hub for JLR, which currently assembles its vehicles…

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India-Seychelles ties: PM Modi announces $175 million economic package; focus on maritime, development cooperation

India on Monday announced a $175 million development assistance package for Seychelles after Prime Minister Narendra Modi held wide-ranging talks with the island nation’s President Patrick Herminie, with the two sides outlining a joint vision to expand bilateral engagement across sectors. The development was announced following the Modi-Herminie meeting, which also saw the signing of…

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