Category: Business

Business

Infosys onboarding delays: CEO says dates changed but everyone with offer will join

August 26, 2024 admin

File picture of Salil Parekh, CEO and Managing Director, Infosys. | Photo Credit: ANI Infosys CEO Salil Parekh has indicated that offers given to freshers will be honoured by the company and followed by joining, although there has been some change in dates. The comments by the Infosys top honcho assumes significance amid reports that…

Business

IBM to close China R&D department, affecting over 1,000 jobs, Yicai reports

August 26, 2024 admin

This follows a statement from IBM on the matter. File | Photo Credit: Reuters IBM will completely shutter its China R&D, resulting in layoffs affecting over 1,000 jobs, Chinese media outlet Yicai reported on Monday (August 26, 2024), citing a statement from the company. IBM, the world’s biggest technology services company, did not immediately respond…

Business

RBI constantly working on devising policies to make financial sector stronger, nimble: Governor Shaktikanta Das

August 26, 2024 admin

File photo of RBI Governor Shaktikanta Das. | Photo Credit: ANI Reserve Bank Governor Shaktikanta Das on Monday (August 26, 2024) said the central bank is constantly working on devising policies, systems, and platforms that will make the financial sector stronger, nimble and customer-centric. In a keynote address at the Global Conference on Digital Public…

Business

Rupee rises 10 paise to 83.80 against U.S. dollar in early trade

August 26, 2024 admin

File. | Photo Credit: Reuters Rupee appreciated 10 paise to 83.80 against the U.S. dollar in morning trade on Monday (August 26, 2024), supported by the weakening of the American currency in the overseas market and foreign fund inflows. Forex traders said the dollar index lost significant ground and is hovering around the 100.60 level…

Business

Sensex, Nifty surge in early trade on rally in U.S. markets, foreign fund inflows

August 26, 2024 admin

Rising for the fourth straight session on Friday, the BSE benchmark ended 33.02 points or 0.04% higher at 81,086.21. File. | Photo Credit: ANI Stock market benchmark indices Sensex and Nifty climbed in early trade on Monday (August 26, 2024) following a rally in the U.S. peers and foreign fund inflows. Markets began the trade…

Business

Industry grapples with tax demands over workers’ PAN-Aadhaar non-linkage

August 25, 2024 admin

The Revenue Department, this April, said that PANs will become inoperative if not linked with Aadhaar by May 31, necessitating tax deductions to be made at a higher rate, and refunds being withheld. Image for representation. | Photo Credit: Getty Images/iStockphoto Many employers are in a fix over demand notices from the Income Tax (I-T) Department…

Business

Anil Ambani to take appropriate next steps as legally advised says spokesperson

August 25, 2024 admin

File photo of Anil Ambani, chairman, Reliance ADA Group. | Photo Credit: PTI Reacting for the first time since the Securities & Exchange Board of India (SEBI) passed its final order in the Reliance Home Finance Ltd (RHFL) case, a spokesperson for Anil Ambani, chairman, Reliance ADA Group said “Mr. Ambani is reviewing the Final Order…

Business

IndiGo to introduce gender-neutral ‘Mx’ option for passengers at time of booking tickets

August 25, 2024 admin

Image used for representative purpose only. | Photo Credit: Reuters IndiGo will be soon introducing the gender-neutral option of honorific ‘Mx’ for passengers at the time of booking tickets, as part of larger efforts to boost inclusivity. Besides, the country’s largest carrier, which has a domestic market share of 62%, aims to increase by two-fold…

Business

FPIs inject ₹11,366 crore in debt market in August; inflow tally crosses ₹1 lakh crore for 2024

August 25, 2024 admin

Foreign investors’ strong buying interest in the Indian debt market can be attributed to India’s inclusion in JP Morgan’s Emerging Market government bond indices in June this year. Image used for representative purpose only. | Photo Credit: Reuters Foreign investors infused ₹11,366 crore in the Indian debt market so far this month, pushing the net…

Business

Quality control orders protect MSMEs from unfair competition: Goyal

August 24, 2024 admin

File picture of Union Minister Piyush Goyal. | Photo Credit: PTI The quality control orders (QCOs) issued by the government for different products will protect MSMEs from unfair competition and help cut the import of sub-standard goods, Commerce and Industry Minister Piyush Goyal said on Saturday (August 24, 2024). He said that through these orders,…

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