Latest Sectors News

Fusion CX is poised to raise ?500 crore through a fresh equity offering and ?202 crore via an offer for sale. Post-IPO, the promoter's stake will be trimmed to about 80%. With impressive revenue and profit growth over the past three years, alongside the acquisition of VA Platinum to bolster its Australian market presence, this IPO presents a compelling long-term investment opportunity for investors. View More

ET Intelligence Group: Fusion CX , a business process outsourcing company, plans to raise ₹500 crore through fresh equity to repay debt and fund acquisitions and ₹202 crore through an offer for sale. The promoter stake will fall to around 80% after the IPO from 96% on a fully diluted basis. The company derives over 90% revenue from overseas markets, exposing itself to geopolitical uncertainties and currency fluctuations. On the positive side, it has shown a strong growth in revenue and profits over the past three years and it plans to become debt free after the IPO. It has so far not faced any client-side pressure on either billing or deliverables. It has also forayed in artificial intelligence (AI) related data infrastructure services to take advantage of the opportunities in this segment. Given these factors, investors with higher risk appetite may consider the IPO over the long term. ET Bureau Business Incorporated in 2004, Fusion CX provides multichannel customer support through voice, email, chat, social media and messaging to companies. Its workforce expanded to 13,735 as of June 2026 from 8,539 at the end of March 2024. It had 40 delivery centres and two sales offices across13 countries as of June 2026. The US is its major market contributing over 77% to revenue, followed by India at around 10%, and Australia and Europe each at around 7-8%. The top 10 clients contributed around 50% of the revenue in FY26. In the current year, the company acquired VA Platinum offshoring to expand presence in Australia. Read more: Sebi extends IPO-size flexibility on the back of soaring primary market activity Financials Revenue rose nearly two times to ₹1,818 crore while net profit grew nearly five times to ₹169.8 crore between FY24 and FY26. The operating margin before depreciation and amortisation (Ebitda margin) expanded to 18.1% from 10.6%. It was at the lower end of the margin band of 16-34% for the peer group. The return on equity rose to 30.3% from 13.4% during the period. This compares with 15-32% range for peers. Read more: Strong buzz! Reliance Jio said to see over $20 billion bids as investors line up for India's biggest IPO Live Events Valuations The company demands a FY26 trailing price-earnings (P/E) multiple of 25 considering post-IPO equity. Based on annualised June 2026 quarter earnings of ₹55.7 crore, the P/E works out to be 19. Peers including Firstsource Soutions, Sagility , and Eclerx Services trade at forward P/Es of 31, 24, and 21. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)

AVS Raju, the Founder and Chairman Emeritus of NCC Limited, passed away on October 13, 2026. His contributions to the construction industry are widely recognized across India and beyond. The announcement was made by NCC Limited in a statement issued on that day. Final respects for Raju will be paid at his residence in Jubilee Hills, Hyderabad. View More

AVS Raju , Founder and Chairman Emeritus of construction major NCC Limited passed away on Tuesday. With profound sorrow, we share the sad news of the passing of our beloved Founder and Chairman Emeritus, NCC Limited Padma Shri Awardee Dr. A.V.S. Raju garu, at 7.15 pm on Tuesday, 13 October 2026, NCC Ltd said in a statement. The final respects will be paid at the Plot 168/A, Road 10, Jubilee Hills, Hyderabad, from 10:00 a.m. onwards on Wednesday. Born in 1936, AVS Raju was also featured in the Guinness Book of World Records for penning the largest biography in Telugu. He established Nagarjuna Construction Company (NCC) in 1978 and built it to one of India’s largest infrastructure conglomerates. Live Events NCC has delivered several projects across transport, water management, energy, and urban development. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

LTCG tax rules differ across stocks, mutual funds, gold and property, with different holding periods, tax rates and exemptions. Here is what investors need to know about the tax treatment of their investments under the current framework. View More

Buying property in a spouse’s, child’s or parent’s name can invite benami law and tax scrutiny if ownership and funding arrangements do not meet legal requirements. Know the statutory exemptions, potential penalties and documents buyers should maintain to establish legitimate ownership View More

The work of this year’s Nobel winners for economic sciences, Robert E. Hall and Michael Woodford, helped revive Keynesian economics. But this field still has some way to go before we can reliably anticipate and mitigate instability that threatens jobs and livelihoods. View More

RERA gives homebuyers legal protection against excessive advance payments, delayed possession, unauthorised changes to property plans, construction defects and false advertising. Here are five rights buyers should know before purchasing a home. View More

A family purchase is not illegal but unexplained funds, ownership mismatches and benami law violations can lead to tax notices, penalties or confiscation View More

Realty firm Prestige Estates Projects Ltd on Tuesday reported a 20 per cent growth in its sales bookings to Rs 7,225 crore for the quarter ended September 2026 on strong housing demand, especially for big branded players. In a regulatory filing, Bengaluru-based Prestige Estates informed that "the residential business recorded Pre-sales of Rs 72,250 million (up 20 per cent year-on-year) during Q2 FY27, with sales volume of 5.84 million square feet and 3,910 units sold." During the first half of this fiscal, the company recorded pre-sales of Rs 1,3804.3 crore with sales volume of 11.88 million square feet and 7,247 units sold. Irfan Razack, Chairman and Managing Director of Prestige Group, said, "Our residential business continues to see healthy demand. What is particularly encouraging is the response to our new launches, a couple of which were introduced towards the end of the quarter but nevertheless saw good sales traction." Sustenance sales in the ongoing projects have also remai View More

The Delhi High Court questions DDA’s ‘first come, first served’ policy for allotment of public grounds for Ramlila. Here's what the court said. View More

Metro Brands have fallen 27.11% in 2026, but Elara Capital expects FY27 second-quarter revenue and adjusted profit to grow. The brokerage maintains a Buy rating and ?1,510 target. Analysts also flag valuation and possible margin pressure, while technical indicators point to continued weakness. View More