Strong macroeconomic headwinds causing turbulence in the $245-billion Indian IT industry are yet to calm down. Top Indian IT services companies are likely to post a decline or just marginal growth in sequential revenue in Q1FY24 because of a soft discretionary spending environment. Though the first quarter is seasonally strong for IT firms, "June 2023 will be an exception", according to analysts at Kotak Institutional Equities.
Mahindra & Mahindra on Friday launched new models of its sport-utility vehicle Scorpio and cut its price ranging from Rs 34,000-70,000.
Billionaire Mukesh Ambani-led Reliance Industries has surprisingly cut down its expenses for lobbying among US lawmakers to a record low level.
Banks have not cut rates yet as March is typically a busy season.
While the job cuts in March is 61 per cent higher than the layoffs announced in February, the overall pace of downsizing is well below last year's levels, the latest report on monthly job cuts by global outplacement consultancy Challenger, Gray & Christmas Inc has said.
The latest rate cut has not yet trickled down to consumers.
It would be unfair to accommodate Gauri's incredible journey in six episodes, but the makers have done justice by casting Sushmita Sen. She adds a touch of elegance and reform in some of the most challenging scenes, applauds Divya Nair.
There's an entire gurdwara dedicated to immigration. People present tiny airliner models here in the hope that Waheguru will soon give them a ticket, passport and visa to leave, reveals Shekhar Gupta.
A cut in rates would have encouraged the banks to lend aggressively on the retail front.
Monetary transmission has been an issue for the Indian banking sector.
UBS stepping in to save Credit Suisse with a $3.2-billion acquisition has provided the beleaguered Swiss bank's India employees a glimmer of hope. The surprise deal - engineered by the Swiss government - has triggered optimism of fewer job losses at Credit Suisse's India unit and better synergies at key verticals, such as wealth management and investment banking. "UBS is a much stronger hand. Coming within its fold will give Credit Suisse's wealth management and investment banking divisions a good home.
Retail inflation declined to an 18-month low of 4.7 per cent in April mainly due to falling prices of vegetables, oils and fats, and came closer to Reserve Bank's target of 4 per cent, showed government data released Friday. It was for the second month in a row that Consumer Price Index (CPI) based inflation remained within the RBI's comfort zone of below 6 per cent. The government has tasked the central bank to ensure retail inflation remains at 4 per cent with a margin of 2 per cent on either side.
From Hrithik Roshan's mind games in Vikram Vedha to South Korea's biggest blockbuster of 2023 so far, Sukanya Verma lists everything you can watch on streaming platforms this weekend.
Opposition unity in the form of an alliance of all major opposition parties cannot be forged at the national level, the Communist Party of India-Marxist has said, adding that it can be gained only by adopting a joint stand on important political issues.
Kapil Sharma gets a new look... Hrithik's on a date... Nikki celebrates her birthday...
Many officials had been talking of taking the baton of global growth.
The latest season of Bridgerton takes a bolder view at handling troubled relationships and marriages as it teases displeased viewers from the previous season with enough fodder to last until the next season, feels Divya Nair.
Disney+ Hotstar reported its biggest decline in paid subscribers to date - a fall of 3.8 million subscribers, or 6 per cent of its total - in the October-December period. The drop in numbers came after two warnings by the company that Hotstar's paid subscriber base would shrink as it didn't have streaming rights for the Indian Premier League (IPL) for the 2023-27 media cycle. The IPL would start on April 1 this year and continue till May 28.
The International Monetary Fund (IMF), in its latest World Economic Outlook report, has slashed its forecast for India's FY23 gross domestic product growth to 8.2 per cent from 9 per cent, saying that higher commodity prices will weigh on private consumption and investment. This was one of the steepest cuts for emerging economies compared to the IMF's January WEO forecasts. Saying that global economic prospects have worsened significantly due to commodity price volatility and disruption of supply chains caused by the war in Europe, IMF cut its global growth outlook for calendar year 2022 to 3.6 per cent from 4.4 per cent, and said both Russia and Ukraine could experience large GDP contractions.
There has not been a large impact of untimely rain and hailstorm so far in several major wheat-growing areas, and those might have damaged around 3 per cent of the standing crop -- not enough to make a big dent in the expected 112 million tonnes of production in FY24, a senior government official said on Tuesday. Relentless rain pounded most North Indian states all through March. Separately, the chairman of Food Corporation of India (FCI), Ashok K Meena, told reporters the agency was on track to achieve the targeted 34 million tonnes of procurement in FY24 on the back of a strong start to the purchase season from Madhya Pradesh.
Spain and Sweden enter the semifinals of the Women's World Cup.
This Chinese-Australian model is taking the world by storm.
Is Alia Bhatt done with Telugu cinema after her cameo in S S Rajamouli's RRR, at least for now?
Deepu Kumar (27) was expecting his first child in June but his life was cut short in a terror attack in south Kashmir's Anantnag district, leaving his poor family without its sole breadwinner.
'Nations like India with high inflation and public debt should be cautious'
Nikhat's form augurs well for India with the Olympics coming up next year.
Majority of the experts expect a 25 basis point reduction.
The Boston Marathon regularly features star-studded slates of Olympic medallists from around the world, leading a pack of 30,000 runners from the city's western suburbs to a finish line in its historic Back Bay neighbourhood.
With the former prime minister stepping aside on Sunday night saying it was "simply not the right time" for his comeback, the prospect of a Diwali victory for Sunak cannot be ruled out.
The latest victim is the New York Times which told its print and web employees on Saturday that non union staff would receive no pay raises next year, Forbes.com reported. The announcement comes a day after Newsweek was reported to have been considering reducing staff and cutting print order for the magazine.
However, the reduction in ATF prices will provide some cushion to airlines engaged in a protracted price war have lost control over pricing in one the world's most price sensitive domestic markets.
Cyclone Biparjoy made landfall near Jakhau Port in Gujarat on Thursday evening with a wind speed of 115-125 kmph gusting to 140 kmph as heavy rains lashed the coastal region, where several areas plunged into darkness due to power cuts and a large number of trees, electric poles and hoardings got uprooted.
India's crude oil imports are coming in from a changing mix of countries, with the top three accounting for around 60 per cent of total imports. Russia emerged as the largest source of crude oil imports for India in June, as per the latest available data from the Organization of the Petroleum Exporting Countries (OPEC). The data which is released with a lag, showed that Russian imports accounted for 24 per cent of the total crude imports into the country.
The rate cut would mean actual gains for vehicle buyers only when banks pass on benefits.
Improved credit profile may make you eligible to transfer your existing home loan to another lender at a much lower rate.
Job cuts announced by US employers jumped 31 per cent in July to over 97,000, increasing for the first time in six months, warning of a further hike in downsizing activity by the last quarter of the year, a report said on Wednesday.
Men's fashion essentials will incontestably vary in price and style according to a man's given age, income bracket, work environment, and personal style. Confused? Don't be. Here are some tips to keep you in the game.
RBI likely to cut rate early next year.
Football clubs are seeking to help fans feeling the pinch from the global recession by cutting 2009-10 season ticket prices with Newcastle United on Tuesday becoming the latest Premier League club to slash them.
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