Since Indian IT exporters earn more than half of the revenue from banking, financial services, and insurance (BFSI), and manufacturing clients in the US and Europe, they are perceived to be a direct proxy to the economic growth in the developed markets.
Eternals’ FII cap signals stronger push into quick commerce with inventory-led strategy: Karan Taurani
Elara Securities’ Karan Taurani views Eternals’ move to cap FII ownership positively, paving the way for inventory-led quick commerce growth. This shift allows better control