India's annual retail #inflation eased to 5.66% in March from 6.44% the previous month, government data showed on Wednesday.
A Reuters poll of 39 economists had forecast an annual inflation rate of 5.80% in March.
Read here: https://www.livemint.com/news/india/indias-retail-inflation-eases-to-5-66-in-march-11681301735074.html
A Reuters poll of 39 economists had forecast an annual inflation rate of 5.80% in March.
Read here: https://www.livemint.com/news/india/indias-retail-inflation-eases-to-5-66-in-march-11681301735074.html
Tata Consultancy Services (#TCS) missed street's estimates for the fourth quarter of FY23.
The IT giant garnered a consolidated PAT of ₹11,392 crore in Q4FY23, registering a growth of 14.8% YoY.
Read here: https://www.livemint.com/companies/news/tcs-q4-result-2023-live-share-price-expectations-dividend-net-profit-revenue-quarterly-result-11681283218218.html
The IT giant garnered a consolidated PAT of ₹11,392 crore in Q4FY23, registering a growth of 14.8% YoY.
Read here: https://www.livemint.com/companies/news/tcs-q4-result-2023-live-share-price-expectations-dividend-net-profit-revenue-quarterly-result-11681283218218.html
Tata Consultancy Services (#TCS) garnered a consolidated PAT of ₹11,392 crore in Q4FY23, registering a growth of 14.8% YoY.
Catch live updates here:
https://www.livemint.com/companies/news/tcs-q4-result-2023-live-share-price-expectations-dividend-net-profit-revenue-quarterly-result-11681283218218.html
Catch live updates here:
https://www.livemint.com/companies/news/tcs-q4-result-2023-live-share-price-expectations-dividend-net-profit-revenue-quarterly-result-11681283218218.html
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TCS Q4 Results Live: TCS misses street's estimates, consolidated PAT rises 15% to ₹11,392 cr
Q4 Results TCS 2023 Live: TCS has declared its fourth quarter earnings, clocking double-digit growth in both bottom-line and top-line front.
Eradicating poverty in all its forms is the first of the UN’s 17 development goals. It is also a priority for many countries.
To succeed, multilateral organisations and national governments need good policy—and a way to track their progress. So how should they define and measure poverty?
https://www.livemint.com/economy/how-to-measure-poverty-11681301160318.html
To succeed, multilateral organisations and national governments need good policy—and a way to track their progress. So how should they define and measure poverty?
https://www.livemint.com/economy/how-to-measure-poverty-11681301160318.html
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How to measure poverty
Counting the poor is the first step towards alleviating their plight
Tata Consultancy Services (#TCS) said that Chief Executive Officer K Krithivasan will take over the post on 1 June, 2023. He has been appointed for a period of five years.
https://www.livemint.com/companies/news/tcs-ceo-k-krithivasan-to-take-over-on-1-june-2023-11681303896515.html
https://www.livemint.com/companies/news/tcs-ceo-k-krithivasan-to-take-over-on-1-june-2023-11681303896515.html
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TCS CEO K Krithivasan to take over on 1 June, 2023
Rajesh Gopinathan, the outgoing Chief Executive Officer and Managing Director, who will be staying on till September 15 said that leadership transition over the next few months is smooth and seamless
Ukrainian President #VolodymyrZelensky strongly criticised the Russian government after the video surfaced that showed the beheading of a Ukrainian prisoner.
https://www.livemint.com/news/world/will-not-forgive-murderers-zelensky-threatens-russia-after-beheading-video-of-captives-emerges-11681300250776.html
https://www.livemint.com/news/world/will-not-forgive-murderers-zelensky-threatens-russia-after-beheading-video-of-captives-emerges-11681300250776.html
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‘Will not forgive murderers,’ Zelensky threatens Russia after beheading video of captives emerges
After the video showed beheading of a Ukrainian prisoner, Kyiv said ‘Russia is worse than ISIS’
Reserve Bank of India has issued various guidelines to regulated entities (REs) to ensure reasonable and transparency in disclosure of penalty interest.
Read here: https://livemint.com/news/india/rbi-issues-draft-guidelines-for-penalty-charges-on-loan-accounts-11681308408313.html
Read here: https://livemint.com/news/india/rbi-issues-draft-guidelines-for-penalty-charges-on-loan-accounts-11681308408313.html
In the wake of strong domestic demand, & banking stress in the US & Europe, Asian economies are expected to outperform their western peers by 5% by the end of 2023, according to latest Morgan Stanley forecast.
Read here: https://www.livemint.com/economy/asias-economy-to-grow-5-per-cent-faster-than-developed-economies-by-the-end-of-2023-11681295454129.html
Read here: https://www.livemint.com/economy/asias-economy-to-grow-5-per-cent-faster-than-developed-economies-by-the-end-of-2023-11681295454129.html
India’s annual retail inflation for March eased below the central bank’s upper tolerance level for the first time this year, and eased to 5.66% from 6.44% in Feb.
https://www.livemint.com/economy/retail-inflation-drops-to-5-66-in-march-from-6-44-in-feb-11681306477940.html'
https://www.livemint.com/economy/retail-inflation-drops-to-5-66-in-march-from-6-44-in-feb-11681306477940.html'
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Retail inflation drops to 5.66% in March from 6.44% in Feb
According to the National Statistical Office, the food inflation, which accounts for nearly half of the overall consumer price basket, moderated to 4.79% as vegetable prices eased
#WarrenBuffett, the CEO of Berkshire Hathaway, expressed confidence in the company's future after he steps down from his position.
https://www.livemint.com/news/world/warren-buffett-says-bank-crisis-not-over-yet-explains-what-s-happening-to-depositors-money-11681306673515.html
https://www.livemint.com/news/world/warren-buffett-says-bank-crisis-not-over-yet-explains-what-s-happening-to-depositors-money-11681306673515.html
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Warren Buffett says ‘bank crisis not over yet’, explains what's happening to depositors' money
Warren Buffett explain we are likely to see more banking failures but depositors' money will be safe due to Federal Deposit Insurance
The US, China & other major economies need to do more to address debt levels that are set to rise to near-record highs in five years, limiting nations’ ability to respond to future crises, #IMF warned.
https://www.livemint.com/news/us-and-china-sending-global-debt-to-record-warns-imf-11681314437540.html
https://www.livemint.com/news/us-and-china-sending-global-debt-to-record-warns-imf-11681314437540.html
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US and China sending global debt to record, warns IMF
The IMF on Wednesday forecast the world’s ratio of debt to gross domestic product will climb to 99.6% by 2028
Twitter chief #ElonMusk said that in India the social media rules are stricter than they are in other western countries.
https://www.livemint.com/news/world/its-prison-or-compliance-elon-musk-on-social-media-rules-freedom-of-speech-in-india-11681313683739.html
https://www.livemint.com/news/world/its-prison-or-compliance-elon-musk-on-social-media-rules-freedom-of-speech-in-india-11681313683739.html
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‘It's prison or compliance’, Elon Musk on social media rules, freedom of speech in India
The Tesla CEO said that in India the social media rules are stricter than they are in other western countries.
Despite muted global cues, Indian stock market extended its rally for eighth session in a row.
https://www.livemint.com/market/stock-market-news/day-trading-guide-for-13th-april-wipro-hcl-tech-to-tata-steel-six-stocks-to-buy-or-sell-today-11681345779805.html
https://www.livemint.com/market/stock-market-news/day-trading-guide-for-13th-april-wipro-hcl-tech-to-tata-steel-six-stocks-to-buy-or-sell-today-11681345779805.html
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Day trading guide for 13th April: Wipro, HCL Tech to Tata Steel — six stocks to buy or sell today
Day trading guide for today: Stock market experts have recommended six stocks to buy today — Wipro, HCL Tech, Tata Steel, Apollo Hospitals, IndusInd Bank and Bharti Airtel
Indian #stockmarket continued its uptrend on eighth day in a row as key benchmark indices closed with decent gains on Wednesday.
https://www.livemint.com/market/stock-market-news/buy-or-sell-vaishali-parekh-recommends-three-stocks-to-buy-today-13th-april-11681349321048.html
https://www.livemint.com/market/stock-market-news/buy-or-sell-vaishali-parekh-recommends-three-stocks-to-buy-today-13th-april-11681349321048.html
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Buy or sell: Vaishali Parekh recommends three stocks to buy today — 13th April | Stock Market News
Buy or sell stocks: Vaishali Parekh has recommended three intraday stocks for today — McDowell, GNFC and Balkrishna Industries
#StocksToWatch | Here are the top 10 stocks that could be in focus in today's trade:
https://www.livemint.com/market/stock-market-news/stocks-to-watch-tcs-ril-hdfc-ltd-ntpc-adani-transmission-britannia-11681344838594.html
https://www.livemint.com/market/stock-market-news/stocks-to-watch-tcs-ril-hdfc-ltd-ntpc-adani-transmission-britannia-11681344838594.html
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Stocks to Watch: TCS, RIL, HDFC Ltd, NTPC, Adani Transmission, Britannia
Infosys will be among the stocks in focus as it will be declaring its March quarter earnings today.
Two Indian-origin executives of a Chicago-based start-up have been convicted by a federal jury in the US of running a $1 billion corporate fraud scheme that targeted the company’s clients, lenders & investors.
Read here: https://www.livemint.com/news/world/indianorigin-start-up-executives-convicted-on-usd-1-bn-corporate-fraud-charges-11681292750607.html
Read here: https://www.livemint.com/news/world/indianorigin-start-up-executives-convicted-on-usd-1-bn-corporate-fraud-charges-11681292750607.html
#PersonalFinance | The new EOM rule is aimed at helping policyholders get better pricing as the regulator has asked insurers to cut their expenses and pass on the benefit to customers.
https://www.livemint.com/money/personal-finance/will-the-new-cap-on-expense-limits-of-insurers-benefit-policy-buyers-11681327774675.html
https://www.livemint.com/money/personal-finance/will-the-new-cap-on-expense-limits-of-insurers-benefit-policy-buyers-11681327774675.html
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Will the new cap on expense limits of insurers benefit policy buyers?
Irdai wants insurers to ensure fair and transparent competition among agents, besides cost-effective distribution.The new rules stipulate an expenses of management (EOM) structure that insurers have to put in place
India has met international aviation safety oversight standards, according to the US Federal Aviation Administration (FAA), following a comprehensive evaluation of the country’s aviation regulatory system.
https://www.livemint.com/companies/news/india-meets-all-international-aviation-safety-standards-faa-11681328820031.html
https://www.livemint.com/companies/news/india-meets-all-international-aviation-safety-standards-faa-11681328820031.html
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India meets all international aviation safety standards: FAA
US body confers category 1 status on India after studying its aviation regulatory system
General Atlantic raised its bets on Walmart Inc.-owned PhonePe as the US private equity firm led a fresh funding of $100 million (₹820 crore) in the Indian digital payments platform.
https://www.livemint.com/companies/news/phonepe-gets-100-mn-more-from-general-atlantic-others-11681329021732.html
https://www.livemint.com/companies/news/phonepe-gets-100-mn-more-from-general-atlantic-others-11681329021732.html
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PhonePe gets $100 mn more from General Atlantic, others
Investment at pre-money valuation of $12 billion aims to boost infrastructure, data centres
Private equity investors Thomas H. Lee Partners, CVC Capital, Temasek and Apax Partners have placed bids for Blackstone Inc.’s stake in software products and services provider IBS Software.
https://www.livemint.com/companies/news/blackstones-ibs-stake-gets-4-bids-11681324409172.html
https://www.livemint.com/companies/news/blackstones-ibs-stake-gets-4-bids-11681324409172.html
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Blackstone’s IBS stake gets 4 bids
IBS Software had made a confidential filing for a US listing in 2022, seeking a valuation of $2 billion; however, it dropped its plans after tech valuations tempered in the US.
A total of 29 of the incumbent chief ministers are crorepatis in India with Andhra Pradesh's #JaganMohanReddy having the highest assets totaling ₹510 crore, according to poll affidavits analyzed by the Association for Democratic Reforms.
Read here: https://www.livemint.com/news/india/andhra-pradesh-s-jagan-mohan-reddy-most-wealthiest-cm-in-india-report-11681345909889.html
Read here: https://www.livemint.com/news/india/andhra-pradesh-s-jagan-mohan-reddy-most-wealthiest-cm-in-india-report-11681345909889.html