MID TIER IT COMPANIES INDIA
CIL mulls setting up data centres in decommissioned mines to boost digital infra, sustainability
Coal India Limited is exploring the feasibility of establishing data centers in its decommissioned mines, aiming to capitalize on existing infrastructure and contribute to India's growing digital capacity. The initiative aligns with the Digital India and Make in India missions, repurposing redundant mining assets for high-value infrastructure.
GST 2.0 progressive reform, game-changer for small sellers: Amazon executive
Amazon India hails the new GST structure as a progressive reform, anticipating significant benefits for small sellers and customers. The company is adapting its systems and expects record-low prices during its upcoming 'Great Indian Festival' sale. Amazon has invested heavily in infrastructure and is expanding its 'Amazon Now' quick commerce service, remaining committed to its export goals despite US tariffs.
PGIM India AMC partners with Cybrilla to bring mutual funds on ONDC platform
PGIM India Asset Management has partnered with ONDC and Cybrilla Technologies to expand mutual fund access across India. The integration aims to empower distributors, lower costs, and introduce innovative formats like daily SIPs, reinforcing PGIM’s mission of financial inclusion and democratizing investments, especially for smaller towns and rural investors.
Audio player QCY forays into India, to set up manufacturing facility in Haryana
Global audio giant QCY is entering the Indian market, planning a manufacturing plant in Manesar, Haryana, with significant investment. Targeting a USD 75-100 million value share by 2026, QCY aims to boost India's wearable tech growth under the Make in India initiative. Six new flagship products across TWS, headphones, and speakers are launching this festive season.
Equirus Capital sees strong growth across Indian real estate segments
Equirus Capital highlighted strong momentum in India’s real estate sector, with robust growth across residential, commercial, and hospitality. Bengaluru emerged as a global hub, offering affordable office rentals, cost-effective workforce, and the highest commercial space absorption worldwide.
17 mid cap mutual funds have never posted negative annual returns in last 5 years
ETMutualFunds’ analysis found 17 mid cap funds avoided negative returns from 2020–2024. In 2025, 10 slipped into losses while 7 stayed positive. Invesco India Midcap leads with 4.54% gains, while Motilal Oswal Midcap dropped 7.52%. Investors should assess goals before decisions.
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Proactive pitch is new sales driver for Indian IT companies
India’s tech outsourcing firms are shifting from traditional RFP-led sales to proactive pitches, which are now driving a third of renewals. This approach helps retain clients and adapt to AI-led efficiency demands. However, clients now expect measurable outcomes, pricing transparency, and flexible deals, putting pressure on providers to prove real value.
Amazon, Flipkart to begin festive sales from September 23
Amazon India and Flipkart will start their festive sales on September 23. The sale begins a day after GST rate changes. Offers are available across various categories. GST cuts on footwear, apparel, and appliances are expected to boost demand. Online sales are expected to grow significantly. Amazon Prime and Flipkart Plus members get early access.
CoinSwith founder has an advice for parents who still asks their kids 'beta engineer toh ban jao'
CoinSwitch Co-founder Ashish Singhal highlights a concerning trend: companies are skipping campus placements in Karnataka's tier-2 and tier-3 engineering colleges, despite students incurring significant educational costs. He emphasizes that the demand for engineers has decreased due to AI, and skills are now more important than degrees.
Policy clarity and cost savings: Real estate set for stronger festive quarter, say experts
India’s real estate sector is set for a festive boost as GST cuts on cement, marble, granite, and other key inputs lower construction costs and improve affordability. Developers and experts say the reforms, coupled with stable interest rates and festive demand, will strengthen housing sales across metros and tier-2 cities.
Infosys picks up five business ideas from employees to incubate & offer to customers
Infosys has selected five employee-led business ideas from its in-house entrepreneurship programme to develop into client-ready solutions. These ideas, focused on mobility, SaaS, and AI-led services, will receive funding, mentorship, and tech support. Those selected for full implementation will shift into the incubator role full-time and receive up to $2,000 (Rs 1.7 lakh) in rewards, Infosys had said last year.
Maruti Suzuki shares may climb 17% to Rs 17,000, says ICICI Securities citing two growth drivers
Maruti Suzuki shares: ICICI Securities sees strong auto demand revival driven by GST cuts and new launches, reiterates ‘BUY’ on Maruti Suzuki with a raised target of ₹17,000, implying 17% upside. The outlook is further supported by tax reliefs, rate cuts, and Pay Commission revisions.
GST rationalisation in textiles to remove distortions, support exports
The government's GST rate rationalisation for the textile sector aims to boost the industry towards a $350 billion target by 2030. Key changes include reduced GST on garments and fibres, making apparel more affordable and correcting the inverted duty structure.
Rise Infraventures targets Gross Transaction Value of Rs 1,000 cr through commercial leasing
Rise Infraventures aims for significant growth in commercial leasing. The company targets a Gross Transaction Value of over Rupees one thousand crore. This will be achieved within the next 12 to 18 months. Focus will be on Grade A offices, retail spaces and warehouses. Rise Infraventures plans expansion across Tier-1 and Tier-2 cities.
Dev Accelerator announces price band for its IPO. Check GMP and other details
Dev Accelerator is launching its IPO with a price range of Rs 56 to Rs 61 per share. The IPO will be open from September 10 to 12. The company aims to raise up to Rs 143 crore through this fresh issue. Proceeds will fund new centers and debt repayment. Shares will be listed on both BSE and NSE.
Best mid cap mutual funds to invest in September 2025
As per Sebi norms, the mid cap mutual funds are mandated to invest in companies that are between 101 and 250 in the market capitalisation. These companies can be leaders of tomorrow. That’s what makes them great bets. If these companies live up to the promise, the market will reward the investors handsomely.
Care downgrades ESAF SFB's debt papers on asset quality pressures
CareEdge Ratings has downgraded ESAF Small Finance Bank's debt instruments due to persistent asset quality issues and net losses for four consecutive quarters. The downgrade reflects concerns about the bank's profitability and asset quality, which are expected to remain under pressure in the near term. An upgrade hinges on equity infusion or significant asset quality improvement.
Uncertainty hits IT, hiring demand falls 10% in August
Hiring at India's IT services companies has slowed since the start of the second quarter and the trend is likely to continue, according to staffing firms. In the current quarter that ends on September 30, there has so far been a 2-3% decline in demand for legacy tech jobs, but hiring has been strong for specialised roles involving artificial intelligence (AI), machine learning (ML), cloud, data and cybersecurity.
Small and mid-cap firms lag behind large caps in Q1 earnings show
An ETIG analysis reveals that small and mid-cap firms underperformed large caps in the June quarter, with profit growth hitting multi-quarter lows. Large caps saw improved profit and sales growth, maintaining stable profit margins, while smaller firms experienced declines.
KISSing those crazy GST slabs bye
The GST Council has streamlined the tax structure, introducing a 0%, 5%, 18%, and 40% tier system, eliminating the 28% slab except for luxury items. While many goods and services now fall under the 5% and 18% categories, a 40% 'sin' tax on certain items remains. Hotel tariffs below ₹7,500 will be taxed at 5%.
Axis Max Life partners with India Post Payments Bank for distribution of insurance products
Axis Max Life Insurance and India Post Payments Bank have collaborated to provide affordable life insurance in rural India, utilizing IPPB's extensive network. This partnership aims to reach Tier 3, Tier 4, and rural markets with tailored products like SWAG and Term Insurance Plans. The initiative supports financial inclusion and IRDAI's goal of 'Insurance for All by 2047'.
Oman’s 10-year Golden Visa: Who is eligible and how much does it cost
Oman launched a golden residency program on August 31, offering long-term visas to attract foreign investors and skilled professionals as part of its Vision 2040 reforms. The program features two tiers with varying investment requirements for 10-year and 5-year residencies. This initiative aims to boost investor confidence, increase capital inflows, and diversify Oman's economy.
The great middle squeeze — why brands serving the mid-tier are collapsing
The middle class is facing economic pressures, leading to a collapse of the center in various sectors like politics and sports. Businesses catering to the middle are struggling due to high costs and lack of differentiation. Successful brands now focus on either mass appeal or niche markets, requiring a fundamental rethinking of business models to thrive in this evolving landscape.
Voice AI moves beyond scripts as Indian firms tap multilingual bots
AI-powered voice assistants are transforming customer interactions across India, handling queries in multiple languages with unprecedented accuracy. Companies like MakeMyTrip and Meesho are leveraging large language models to provide context-aware and personalized experiences. This shift is particularly impactful in tier-2 and tier-3 towns, where vernacular adoption is driving growth.
What's triggering underperformance of most mid-cap mutual funds and what should you do now?
Only 18% of actively managed mid-cap funds now outperform their benchmarks, down from 65% as of 2019. Is it time to go passive?
Royal Enfield calls for uniform 18% GST on two wheelers under new framework
Royal Enfield urges the government to consider a uniform Goods and Services Tax (GST) rate for all two-wheelers. Eicher Motors emphasizes that a uniform 18 percent GST is crucial for sustaining the industry's momentum. Siddhartha Lal warns against raising GST on motorcycles above 350cc. He says it could damage India's global competitiveness.
Microsoft expands Xbox Cloud gaming to cheaper Game Pass plans. Check details
Microsoft is expanding Xbox Cloud Gaming to its Core and Standard Game Pass tiers, previously an Ultimate exclusive. This update, already live for Xbox Insiders, extends cloud streaming and PC game access to more subscribers. The move aims to broaden the Xbox ecosystem by offering greater flexibility and affordability, reflecting high engagement with cloud gaming.
IT sector slowly showing signs of bottoming out: Capitalmind's Sidhanth Paul
The Indian IT sector is showing signs of recovery. Valuations reflect existing pessimism. Mid-tier companies are focusing on AI and automation. Revenue growth in these areas could lead to a sector rerating. Power, manufacturing, and consumption sectors are expected to drive market growth. Investors should watch for earnings delivery to justify valuations.
Indian IT firms face structural headwinds, Gen AI yet to deliver: HSBC India
Indian IT firms are unlikely to regain double-digit growth, with HSBC projecting long-term expansion of 4–5% due to structural headwinds, AI’s deflationary impact, and reliance on US/European demand.
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