Microsoft posts $36.6 billion profit as 60,000 staff offered voluntary exits Microsoft reported a 32 per cent year-on-year rise in net income to $36.6 billion in the July-September quarter, days after announcing a voluntary buyout offer for around 60,000 employees, more than a quarter of its global workforce.India is among the four countries where the…
File photo: Cholamandalam Investment and Finance Company CHENNAI: Cholamandalam Investment and Finance Company (Chola), the financial services arm of Murugappa Group, will raise Rs 5,000 crore through qualified institutions placement (QIP). Its board gave the nod for fundraise, the company said on Wednesday. The board approved the issue of equity shares and/or eligible securities convertible…
Rupee strengthens against US dollar NEW DELHI: Rupee strengthened against the US dollar in early trade on Thursday, rising 11 paise to 95.17 after the American currency softened following the US Federal Reserve’s latest policy decision. The currency opened at 95.20 at the interbank foreign exchange market before moving higher. It had settled at 95.28…
Are banks closed on Karwa Chauth NEW DELHI: Planning a quick trip to the bank today? You might want to check the holiday calendar first.The festive season brings a fresh round of bank holidays, but closures are not the same across India, as they depend on the festivals and regional occasions observed in each state.Today,…
Dalal Street faces a cautious near-term outlook, with elevated crude oil prices, movements in the US dollar and the Federal Reserve’s policy stance remaining key factors for investors. Sensex and Nifty have faced selling pressure, although select buying has supported broader market indices. At the same time, foreign portfolio investment flows have shown signs of…
File photo: The TVS Motor logo on a motorbike inside a TVS Motor repair shop, in New Delhi TVS Motor Company expects two-wheeler industry growth to moderate to single digits in the Oct-Dec quarter after a strong first half, as a high base and rising material costs temper the outlook. The company has implemented small…
File photo: India, Mexico launch preferential trade agreement talks to expand trade, investment NEW DELHI: India and Mexico have signed the terms of reference marking the formal commencement of negotiations for a preferential trade agreement.“The negotiations will focus on identifying mutually beneficial opportunities to expand trade, facilitate investment and strengthen supply chain linkages. Leveraging the…
File photo: Jio Platforms Managing Director Akash Ambani, Jio Platforms Limited Non-Executive Directors Nita Ambani, Mukesh Ambani, Anant Ambani and Isha Ambani during the bell-ringing ceremony on the day of the listing of company during its IPO, at the National Stock Exchange (NSE) in Mumbai. MUMBAI: Jio Platforms, the telecoms-to-technology arm of the RIL group,…
US Fed holds interest rates at 3.75%-4% as inflation persists, signals scope for further hikes The US Federal Reserve held interest rates unchanged at 3.75%-4% in a 10-2 vote, as policymakers weighed persistent inflation against a resilient economy and waited for further data before deciding their next move. The decision came ahead of next week’s…
Festivals come around at the same time every year, yet festive expenses are often managed at the last minute. (Image for representative purpose only) By Adhil ShettyEvery festive season, Indian households spend with a sense of optimism. Dussehra, Dhanteras and Diwali bring celebrations, family gatherings and, for many, the biggest purchases of the year. Spending…
