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Artificial intelligence has emerged as the fastest-growing segment for large IT services companies, but with a twist. Experts and industry leaders both say that the red-hot technology is not materially expanding revenues, instead improving efficiency while cannibalising current revenue visibility.For Accenture Plc, the world’s biggest IT services company, advanced AI revenue more than doubled year-on-year (y-o-y) to $1.1 billion, against a 5.95% y-o-y rise in quarterly revenue of $18.74 billion in the September-November quarter.

Subscribe to enjoy similar stories. NEW DELHI: Any private takers for a loss-making company owned by public sector power giants that is owed over ₹4,000 crore and has borrowed heavily to fund its investments? The answer will be known when the company’s promoters decide to list its shares. The company is Energy Efficiency Services Ltd (EESL), a joint venture owned by state-run NTPC Ltd, Power Finance Corp., Rural Electrification Corp.

Subscribe to enjoy similar stories. MUMBAI : Elevated inflation risks, volatility in global equity markets, and steady physical demand from India and China have together reinforced gold’s role as a portfolio stabilizer at a time when economic visibility remains poor. Gold has continued to attract investors for its safe-haven status amid currency weakness and geopolitical stress.

Subscribe to enjoy similar stories. Some ideas look compelling on paper, but execution is a challenging task. A similar challenge is likely to surface in the Association of Mutual Funds in India’s (Amfi) plan to train one lakh postmen to sell mutual funds (MFs).

Subscribe to enjoy similar stories. Dear reader, as 2025, a year of global tumult and volatility, rolls by, Mint's reporters and columnists look around the corner on what is coming in 2026—to help you know what to expect and prepare for it. Tell us what you think at [email protected]. The year 2025 marked a shift in how small taxpayers approach investments and tax planning.

Subscribe to enjoy similar stories. Dear reader, as 2025, a year of global tumult and volatility, rolls by, Mint's reporters and columnists look around the corner on what is coming in 2026—to help you know what to expect and prepare for it. Tell us what you think at [email protected]. India’s infrastructure sector is at an inflection point.

Subscribe to enjoy similar stories. In India’s film industry, where timing drives both buzz and box-office, a single last-minute court order can upend an entire release cycle—an industry-wide risk underscored by the recent case of Akhanda 2. The last-minute postponement of Telugu actor Nandamuri Balakrishna’s action adventure film earlier this month, after a Madras High Court order put a stay on its screening following an appeal filed by Eros International Media Ltd, proves that theatrical films continue to fall prey to delays arising from prolonged legal disputes.

₹10 crore.In case of ‘genuine errors’ or delayed filings, the micro, small and medium enterprises (MSMEs) may first be issued a warning, and penalties could be waived for the first two such instances, said the first person mentioned above.Currently, under Section 47 of the CGST Act, a delay in filing GSTR-1, GSTR-3B, or GSTR-9 attracts a late fee, which increases daily until it reaches a maximum cap. An enterprise is also liable to pay interest at 18% per annum on the outstanding GST amount if the payment is delayed.India’s 73 million MSMEs contribute 30% to the GDP and 45% to the overall exports.

Subscribe to enjoy similar stories. For big-budget Hindi films, the real payoff increasingly hinges on whether a first hit can sustain a second.

canceled more than 4,500 flights due to a pilot shortage, failing to meet new DGCA regulations capping pilots' flying hours from midnight to 6AM. A nationwide uproar prompted the aviation ministry and DGCA to launch an investigation, slash IndiGo's daily flights by 10%, and demand explanations from IndiGo chief executive officer (CEO) Pieter Elbers and the airline's chief operating officer Isidre Porqueras.While the Indigo cancellations seems to have been a case of mismanagement by the airline, the role of ministry of civil aviation and DGCA came under the lens for lapses.“They did not spot the craters in time, they did not prune the expanded schedules in time nor they did not verify if they had the pilots for the schedule, even when they saw the troubles brewing in November,” said Sanjay Lazar, aviation safety specialist and CEO of Avialaz Consulting.Six months ago, Air India's Flight 171 crashed seconds after takeoff from Ahmedabad, with at least 260 fatalities.

Subscribe to enjoy similar stories. As a hectic year of deal-making in banking and financial services rolls to a close, experts are predicting that the mergers and acquisitions in 2026 will see mid-sized lenders and foreign capital taking centre-stage. Friday saw the biggest deal of the year – Mitsubishi UFJ Financial Group pouring nearly ₹40,000 crore into Shriram Finance, India's second largest non-banking finance company, for a 20% stake – in the sector highlighting how India has emerged as a magnet for global capital chasing lenders.

Subscribe to enjoy similar stories. Rather than pursue a conventional initial public offering, SpaceX could go public through a merger with wireless phone, TV and satellite company EchoStar. It’s an admittedly an unconventional and seemingly far-fetched idea, but SpaceX’s leader and controlling shareholder, Elon Musk, is a maverick who has succeeded by flouting conventional rules.

Subscribe to enjoy similar stories. Mumbai: A plan by the National Payments Corp. of India (NPCI) to restrict an app to a little over a third of the overall transactions on fast payments platform UPI by the end of 2026 is a tough ask, regulators and financial sector experts said.

Accenture Plc reported $1.1 billion in advanced AI revenue in its first quarter (September-November 2025) on Thursday, compared to $500 million in the year-ago period, marking a 120% jump in the disruptive technology.Significantly, the world’s largest technology and consulting services company said it will not disclose numbers from AI business in the future, as the technology has become all-pervasive.“This will be the last quarter in which we share advanced AI bookings and revenues,” read Accenture’s earnings presentation on Thursday. “We have now reached a point where advanced AI is being embedded in some way across nearly everything we do, and many of our clients are focusing on moving beyond standalone proofs of concept or initiatives.”Accenture chair and chief executive Julie Sweet said, “It has become less meaningful to isolate the data specifically for advanced AI, as it does not reflect how the demand is evolving on the ground, the scope, the full scope of our AI work and the value we're creating.”At least one expert said Accenture’s move is also to avoid any confusion.“Accenture’s decision is pragmatic rather than evasive — GenAI is now deeply embedded across deals, pricing models, and delivery constructs, rather than a clean, standalone revenue line,” said Phil Ferhst, chief executive of HFS Research.

Subscribe to enjoy similar stories. New Delhi: India's food delivery sector directly employed 1.37 million workers in 2023-24, up from 1.08 million in 2021-22, expanding at a compound annual growth rate (CAGR) of 12.3%, according to a recent study by the National Council of Applied Economic Research (NCAER), and investment group Prosus. It thus comfortably outpaced India’s overall employment growth rate of 7.9% over the same period.

Subscribe to enjoy similar stories. Venezuela has long used the same playbook as Russia and Iran to get around crippling American sanctions on its oil industry, tapping a shadowy fleet of aging vessels to carry crude to customers. President Trump’s partial oil blockade threatens to devastate this black market, which U.S.

Subscribe to enjoy similar stories. India, the country with the most number of women in the world, is making a sure, even if slow, shift towards menstrual cups (m-cups), makers of such cups and a recent study has shown. Primarily driven by cost savings in hygiene and ease of use, the increasing adoption of m-cups has an unintended outcome: a small dent in the staggering quantum of waste that India generates every year.

Subscribe to enjoy similar stories. Mutual funds, whose plans to launch specialized investment funds (SIFs) are progressing slowly due to a shortage of skilled managers, are hiring expertise for running long-short strategies from alternative investment funds (AIFs), showed a Mint analysis. Suraj Nanda, the fund manager for equity and hybrid SIF at Tata Mutual Fund, was earlier running a long-short AIF at ICICI Prudential AMC.

Subscribe to enjoy similar stories. Despite the government’s stated policy goal of increasing the share of natural gas in India’s energy basket, consumption of the environmentally friendly fuel fell 8.6% annually in the April-October period of FY26, according to data from the petroleum planning and analysis cell (PPAC). In absolute terms, consumption declined to 40,068 million metric standard cubic metres (mmscm) during the first seven months of FY26, compared to 43,583 mmscm over the same period in FY25.

Subscribe to enjoy similar stories. Sugarcane farmers in Uttar Pradesh (UP) are selling their produce to mills in neighbouring Haryana, attracted by the latter’s higher state advised price (SAP).

Subscribe to enjoy similar stories. Walmart-controlled Flipkart received a key approval to shift its domicile back to India, a prerequisite for a local listing, in a move that reflects a shift in India-US economic ties amid prolonged bilateral trade negotiations. The National Company Law Tribunal (NCLT) approved the re-domiciling scheme on Friday, according to an order reviewed by Mint.