Happiest Minds aims to lower revenue dependency on US to below 65% in few years
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The US is the single largest revenue head for all domestic software companies primarily because the country is the most tech-savvy market with the highest adoption levels and also the largest investor in technology and automation.
Petrol, diesel prices on November 5: Fuel rates stay unchanged
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The government had cut excise duty on petrol by Rs 5 per litre and that on diesel by Rs 10 a litre on November 3 to give relief to consumers battered by record high retail fuel prices.
The World Steel Association estimates the industry accounts for about seven to nine percent of man-made emissions worldwide, with an estimated 2.6 billion tonnes of CO2 emitted in 2020.
Toyota ranked one of worst major automakers for emissions efforts
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The campaign group gave Toyota and US-European firm Stellantis «F minus minus» grades for decarbonisation efforts including phasing out engines that burn planet-warming fossil fuels in favour of electric vehicles.
Bank of England holds rates steady, confounding expectations
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Economic forecasts accompanying Thursday#39;s decision showed the bank expects inflation to rise from 3.1% to 4.5% in November, then to about 5% in April, which would be the highest level in a decade.
OPEC sticks to plans for gradual increase in oil output, sources
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Oil prices have surged this year to a three-year high above $86 a barrel as demand recovers from COVID-19 restrictions and OPEC gradually ramps up supplies.
Muhurat Trading 2021| Gold price up Rs 571 to close at Rs 47,571/10 gm as BOE hold rates; silvers rises nearly 3%
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The bullion metal has been trading lower than its 5, 20, 50, 100, and 200 daysâ simple moving averages and exponential moving averages on the daily chart.
Muhurat Trading 2021| Gold price up Rs 571 to close at Rs 47,571/10 gm as BOE holds rates; silvers rises nearly 3%
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The bullion metal has been trading lower than its 5, 20, 50, 100, and 200 daysâ simple moving averages and exponential moving averages on the daily chart.
The Labor Department reported 269,000 new seasonally adjusted unemployment benefit claims filed in the week that ended October 30, fewer than expected and the lowest weekly figure since they soared into the millions when the COVID-19 pandemic began.
India, Indonesia and Philippines join coal transition programme
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Coal combustion, the biggest single source of global temperature increase, faces competitive challenges from renewable energy sources, with the number of uncompetitive coal plants expected to grow by over two-thirds globally by 2025.
Scandal-hit Credit Suisse reins in investment bank
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The three-year plan aims to simplify Credit Suisse#39;s structure, with just four main divisions and the main emphasis on helping rich and super-rich clients manage their wealth.
OPEC likely to stick to oil output plan, sources say
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Top OPEC producer Saudi Arabia has already dismissed calls for more oil supplies from the Organization of the Petroleum Exporting Countries (OPEC) and allies, collectively known as OPEC .
Centre#39;s excise duty cut on petrol, diesel to cost Rs 45,000 crore to exchequer: Report
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Going by the overall consumption, the costs of the surprise move which came after months of concerns over high payouts at filling stations for the entire fiscal will come at Rs 1 lakh crore or 0.45 per cent of GDP, economists at Japanese brokerage Nomura sai
Google to allow third party app payments for first time in South Korea
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Google#39;s announcement comes after a Korea Communications Commission#39;s (KCC) request for Google and Apple Inc to come up with compliance plans for the new law, which bans major app store operators from forcing software developers to use their payments sy
Toyota lifts annual profit forecast despite production cuts
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Toyota will continue reducing output during the current quarter, and has lowered its annual production target for 2021-22 to nine million vehicles from the 9.3 million previously planned.
Missed out on equity rally? Donât worry; itâs not the end of the world: Vasanth Kamath, Founder and CEO, Smallcase
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This Diwali, learn to be regular with your investments. And though equities outperform all other asset classes over time, donât forget to allocate your money to other assets as well, says Vasanth Kamath
Diwali 2021 money lessons| Why Swarup Mohanty regrets not having started investing early in his life
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âOne of my biggest financial regrets in my life is that I did not start investing early. I was 26 when I made my first investment. Even that it is late. Start investing as early as you can in life,â he says.
Fed pulls back economic aid in face of rising uncertainties
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In the meantime, the Fed said, it will begin to try to counter those inflation pressures by reducing its $120 billion in monthly bond purchases by $15 billion a month, starting this month.
Oil falls sharply after big build in US inventories
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Crude stocks rose more by 3.3 million barrels in the most recent week, more than expected, but gasoline stocks fell to their lowest level since November 2017.
Revenue from operation was up 35.82 per cent to Rs 3,027.31 crore during the quarter under review as against Rs 2,228.75 crore in the corresponding period of the previous fiscal year.
Major indices have closed at records the last three sessions, but were under pressure ahead of an expected Fed announcement later Wednesday to trim back stimulus bond purchases.
US private employers added 571,000 jobs in October: ADP
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The employment increase was better than analysts had forecast, and saw firms of all sizes add positions, with the bulk of the growth in the services sector, including leisure and hospitality businesses that were badly hit by the pandemic restrictions.
Debenture trustees cannot act as trustee for digital gold: Sebi
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The market regulator further said any dealing in activities related to unregulated product by debenture trustees may entail action as deemed appropriate under the Sebi Act 1992 and regulations framed thereunder.
Commerce Minister Piyush Goyal cautions against collusion on Govt e-Marketplace GeM
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The minister asked for bringing more transparency to the system. He said that operations should be audited regularly to ensure that all technical and financial aspects of GeM stay strong all the time.
Rupee surges 22 paise to close at 74.46 against US dollar
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At the interbank forex market, the rupee opened strong at 74.64 against the greenback and later gained strength to settle at 74.46, higher by 22 paise over its previous close of 74.68.
Recoveries under IBC only one-third of claims, process needs stronger push: Crisil Ratings
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A closer look at the data shows, however, the recovery rate and resolution timelines have a lot more room for improvement. This makes a continuous strengthening of the code and stabilisation of the overall ecosystem imperative, the agency said.
