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Julie Sweet, CEO and Chair of Accenture. File | Photo Credit: Reuters Accenture has scrapped its global diversity and inclusion goals after an evaluation of the changing U.S. political landscape, according to an internal memo seen by Reuters on Friday (February 7, 2025). The company will start “sunsetting” the diversity goals it set in 2017,…
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The Reserve Bank of India (RBI) has decided to undertake a comprehensive review of trading and settlement timings across various market to synchronise it to facilitate benefits of efficient price discovery and optimisation of the liquidity requirements. “Over the last few years, there have been several developments including increased electronification of trading, availability of forex…
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Mahindra & Mahindra Ltd on Friday reported a 20% rise in consolidated profit after tax (PAT) to ₹3,181 crore in the December quarter. The company had posted a consolidated PAT of ₹2,658 crore in the year-ago period. Revenue for the quarter under review grew 17% year-on-year to ₹41,470 crore from ₹35,299 crore a year earlier,…
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Trinamool Congress MP Abhishek Banerjee, Samajwadi Party MP Akhilesh Yadav, party MPs Dharmendra Yadav, Dimple Yadav and Anand Bhadauriya in the Lok Sabha during the Budget Session, in New Delhi on February 7, 2025. | Photo Credit: ANI/Sansad TV Terming the Union Budget “pro-rich”, Opposition members in the Lok Sabha on Friday (February 7, 2025)…
Finance Minister Nirmala Sitharaman had announced in Budget 2025 that the new tax bill will be introduced in the ongoing session of Parliament. | Photo Credit: Getty Images/iStockphoto The Union Cabinet on Friday (February 7, 2025) approved the new income tax bill, which will replace the six decades old I-T Act, sources said. The new…
Photo used for illustration purpose only. | Photo Credit: Getty Images/iStockphoto The recent Union Budget announcement provided custom duty waivers to 36 exorbitantly priced cancer and rare diseases drugs, but patient advocacy groups highlight that the tax cut doesn’t tackle the underlying problem of high prices due to patent monopolies that block local production and offer very little to ease…
Image used for representation purpose only. | Photo Credit: The Hindu India’s forex reserves rose $1.05 billion to $630.607 billion for the week ended January 31, the RBI said on Friday (February 7, 2025) In the previous reporting week, the overall reserves had increased by $5.574 billion to $629.557 billion. This is the second consecutive…
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Photo used for representation purpose only | Photo Credit: Reuters State-owned Life Insurance Corporation of India (LIC) posted a 17% increase in standalone net profit for December quarter to ₹11,056.47 crore compared to ₹9,444.42 crore a year earlier bolstered by lower expenses of management, especially employee related. The net profit came on a 8% decline…
Read More “LIC Q3 net profit up 17% to ₹11,056 cr. on lower expenses, premium income ” »
Equity benchmark indices Sensex and Nifty ended lower on Friday (February 7, 2025) as the RBI’s rate cut did not spring any major surprise for the markets and investors turned to profit-taking amid foreign fund outflows. Registering its third day of decline, the 30-share BSE benchmark Sensex dropped 197.97 points or 0.25% to settle at…
Photo used for illustration purpose only. | Photo Credit: Reuters The rupee recovered 15 paise from its all-time low closing level to 87.44 (provisional) against the U.S. dollar on Friday (February 7, 2025) after the Reserve Bank of India reduced repo rate by 25 basis points in line with street expectations. The Monetary Policy Committee…
Read More “Rupee recovers 15 paise from all-time low level to close at 87.44 against U.S. dollar” »
