Despite Infosys increasing its revenue forecast for the current fiscal to 4.5%-5.0%, reduced pay-outs were anticipated. Infosys bonus news: IT services firm Infosys has announced disbursal of performance bonuses averaging 80% of the target to qualifying staff for the quarter ending December, prior to the scheduled annual salary revisions due by March-end, sources informed ET.The…
Om Mehra, Technical Analyst at SAMCO Securities anticipates a possible trend reversal. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red in trade on Wednesday. While BSE Sensex went below 75,600, Nifty50 was near 22,800. At 9:17 AM, BSE Sensex was trading at 75,621.95, down 345 points or…
MUMBAI: Tata Group, India’s largest conglomerate, is set to expand its presence in healthcare through a Rs 500-crore contribution to Breach Candy Hospital, a move that will bring the elite 275-bed multi-speciality SoBo hospital within its ambit of influence.The funding will position the $165-bn Tata Group as the hospital’s largest financial backer, enabling it to…
NEW DELHI: The unemployment rate among those in the 15 years and above age group in urban areas held steady at 6.4% compared to the previous quarter but on an annual basis it dipped a tad, the results of the Periodic Labour Force Survey (PLFS) showed on Tuesday.The PLFS for the Oct-Dec 2024 quarter showed…
NEW DELHI: Canva – one of the world’s top graphic design software companies and a key competitor to Adobe – saw as many as 5.3 lakh presentations being made daily in India just in 2024. The usage was equally big when it came to making resumes, social media posts, or even pitch decks.Cameron Adams, co-founder…
NEW DELHI: With India and the US preparing to start negotiations for a bilateral trade agreement, commerce and industry minister Piyush Goyal on Tuesday said the two countries can offer concessions and duty reductions, as their economies complement each other.During the recent visit of Prime Minister Narendra Modi to Washington, India and the US announced…
MUMBAI: The rupee closed at 86.95 against the US dollar on Tuesday, slipping 8 paise as demand for dollars linked to maturing non-deliverable forward (NDF) contracts and weakness among regional peers weighed on the currency. The benchmark 10-year bond was quoted at Rs.100.7, with the yield at 6.7%, as investors awaited a debt purchase scheduled…
NEW DELHI: Led by record production of iPhones, India’s mobile phone exports surged nearly 50% in the first 10 months of this financial year with the value of shipments estimated at Rs 1.5 lakh crore during April-Jan, compared with Rs 1 lakh crore in same period last year.The surge has been primarily led by a…
The market capitalisation of BSE listed firms slipped below Rs 400 lakh crore mark on Tuesday after continuous foreign fund outflows and lower than expected corporate earnings dampened investor sentiments.Equity markets ended the day with modest losses, blue chip indices like Sensex and Nifty-50, reflected slight declines amid ongoing volatility in global and domestic markets.Prashanth…
NEW DELHI: Tesla has chosen locations for two showrooms in New Delhi and Mumbai, marking a step toward its plan to enter the world’s third-largest auto market, according to news agency Reuters, citing sources.This decision comes a week after Prime Minister Narendra Modi met Billionaire Elon Musk in the United States, where they discussed space,…
