Infosys President Ravi Kumar S resigns
October 11, 2022 23:30 ISTIn his role as president, Ravi Kumar S led the Infosys Global Services Organisation across all industry segments.
In his role as president, Ravi Kumar S led the Infosys Global Services Organisation across all industry segments.
"The worst is yet to come", the global financial institution's World Economic Outlook report said, Sky News reported.
Global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023. This is the weakest growth profile since 2001, except for the global financial crisis and the acute phase of the COVID-19 pandemic.
Rupee v/s Dollar: At the interbank foreign exchange, the domestic unit opened at 82.35 against the dollar, then pared the gains to 82.41, registering a loss of just 1 paisa over its previous close.
Business News: In the 30-share Sensex pack, Titan, Power Grid, Maruti, Mahindra & Mahindra, Bharti Airtel, Hindustan Unilever, ICICI Bank, and State Bank of India were the major laggards.
Rupee v/s Dollar: At the interbank foreign exchange, the rupee opened at 82.68 against the greenback, then slipped further to 82.69, registering a fall of 39 paise over its previous close.
India countered the minister's claims that a Migration and Mobility Partnership (MMP) between the two countries had not "worked very well" in tackling visa overstayers, strategic experts suggested that the wrangles may well end up in a diluted trade pact.
HUL Godrej soap prices: HUL has reduced prices of its offerings under popular soap brands Lifebuoy and Lux by 5 to 11 per cent in the western region. Godrej Group arm GCPL, which owns soap brand Godrej No 1, has also reduced prices of soaps by 13 to 15 per cent.
Direct tax collection came at Rs 8.98 lakh crore between April 1 to October 8, 2022, 23.8 per cent higher than the gross collection in the corresponding period a year ago.
Hackers have stolen nearly $568 million from the firm. Binance CEO Changpeng Zhao said in a tweet that the company estimates the impact of the breach to be between $100 million and $110 million.
CNG price hike: The city gas distributors have been periodically raising prices since October last year when domestic as well as international gas prices started to climb.
Life Insurance Corporation (LIC) holds 529.41 crore shares representing 49.24 per cent stake in IDBI Bank, while the government holds 488.99 crore shares or 45.48 per cent stake.
Digital money: "As the extent and scope of such pilot launches expand, RBI will continue to communicate about the specific features and benefits of e-rupee, from time to time," the central bank said in a concept note on Central Bank Digital Currency (CBDC).
The rupee opened at 82.19, then fell further to 82.43 and finally settled for the day at an all-time low of 82.32 against the American currency At the interbank foreign exchange market, registering a decline of 15 paise over its previous close.
Invest Rajasthan 2022 Summit: Adani Group chairman Gautam Adani, while speaking at Invest Rajasthan 2022 Summit, in Jaipur has praised the effort of the government to push the economy of the state.
Speaking to ANI, Manolo Falco said, "For us at Citi, there is a tremendous opportunity to support India's capital and advisory needs. Recent Government policies on logistics, hydrogen, EV will support further growth, self-reliance & efficiency."
Service Sector Tumbling: The depreciation of the rupee posed additional challenges to the Indian economy. The latest report is contrary to the data that showed private sector sales rose at the weakest pace in six months, amid softer increases in the manufacturing and services economies.
The 30-share BSE Sensex climbed 513.29 points to 58,578.76 in early trade. The broader NSE Nifty advanced 154.5 points to 17,428.80.
Mineral blocks auction: The mines to be auctioned include six iron ore blocks, three blocks each of limestone and gold, two blocks of bauxite, one block each of copper, phosphorite and glauconite, according to the mines ministry.
Last month, total retail sales stood at 14,64,001 units as compared to 13,19,647 units in September 2021. FADA noted that October is expected to witness even better overall sales due to the festive season further gathering steam.
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