ICRA expects a revenue recovery for sample companies in FY2025 from the low base of FY2024, driven by stock replenishment in the US and EU regions. Indian apparel exporters aim to strengthen market presence and profitability in FY2025.
Tata Technologies CEO Warren Kevin Harris mentioned that the company s Q3 services revenues were impacted by a customer transition in Southeast Asia. The development of two electric vehicles for a customer is nearing completion, resulting in a reduction in headcount. While some impact is expected to continue in Q4, the company remains optimistic for fiscal year 2025 due to deal wins and a strong order book. Operational efficiency and lower sub-contracting contributed to a 140 basis point expansion in EBITDA margin in Q3.
The Bennington Select Board approved a $17 million spending plan for the next fiscal year that represents a 5.69 percent increase over the current town budget. The Town Meeting warning, which was approved unanimously on Monday, will go before voters during the annual meeting in March.