By Sai Ishwarbharath B BENGALURU (Reuters) -Tata Consultancy Services said it was hard to predict a recovery in demand for IT services in the next two quarters as persistent inflation and recession fears pressure client spending in the company’s key markets – the U.S. and Europe. The comments come after the industry leader reported its …
India’s TCS CEO flags uncertain demand as inflation crimps spending Read More »
By Saurabh Sharma and Krishna N. Das NEW DELHI (Reuters) -India’s most populous state has stopped paying some 21,000 teachers of subjects including mathematics and science in Muslim religious schools, or madrasas, an official said on Thursday, and they could lose their jobs altogether. The teachers work at madrasas in Uttar Pradesh, ruled by Prime …
Thousands of Indian teachers set to lose jobs as Muslim school funding ends Read More »
NEW DELHI (Reuters) -The Indian government’s net direct tax collection has risen 19.4% year-on-year to 14.7 trillion rupees ($177.1 billion) in the ongoing financial year up to Jan. 10, according to a statement from the Ministry of Finance. India’s financial year runs from April to March. The direct tax collection from April 1-Jan. 10 has …
India’s net direct tax collection rises 19.4% yoy in April-January Read More »
MUMBAI (Reuters) – Amendments to India’s bankruptcy law should focus on a financial creditor-led framework for resolution of stressed assets, the governor of the country’s central bank said on Thursday. “It has to be recognised that the financial creditors take the maximum risk and hence their risk needs to be commensurately compensated and with priority,” …
India cenbank chief bats for financial creditor-led resolution framework Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee, on Thursday, will be looking to build on recent momentum in the lead-up to U.S. inflation data that will hold cues on when the Federal Reserve will kick off rate cuts. Non-deliverable forwards indicate the rupee will have a flat to slightly higher opening, compared with …
Rupee looks to keep momentum heading into US inflation data Read More »
BENGALURU (Reuters) – India’s benchmark Nifty 50 index is set to open higher on Thursday, tracking a rebound in Asian peers, with investors awaiting quarterly results and a key U.S. inflation reading for cues on interest rates. India’s GIFT Nifty was trading at 21,730 as of 8:00 a.m. IST, suggesting the NSE Nifty 50 will …
India’s Nifty 50 set to open higher tracking Asian peers Read More »
By Aditi Shah, Shivangi Acharya and Sarita Chaganti Singh NEW DELHI (Reuters) -India’s trade department has backed lowering taxes on hybrid vehicles to help the transition to cleaner energy sources, following demands by Japanese car makers, five government and industry sources told Reuters. The move could irk some local carmakers. India’s combined sales and additional …
India trade department backs lower tax on hybrid cars in green push- sources Read More »
By Anushree Ashish Mukherjee (Reuters) – Gold prices eased on Wednesday ahead of U.S. inflation data that could shape the Federal Reserve’s outlook on interest rate cuts this year, although a softer dollar kept a floor under prices. Spot gold was down 0.4% at $2,021.39 per ounce by 2:25 p.m. ET (1925 GMT). U.S. gold …
Gold subdued as traders gear up for US inflation print Read More »
By Aditya Kalra and Krishn Kaushik GANDHINAGAR, India (Reuters) – Ukrainian leaders pitched for India to help rebuild its war-ravaged economy on Wednesday at a business summit organised by India primarily to seek inward global investment. Suggesting that Ukraine’s recovery would be “a win-win for Ukraine and international partners,” Kyiv’s deputy economy minister Volodymyr Kuzyo …
Ukraine seeks Indian investments to reconstruct war-hit economy Read More »
By Aditi Shah, Dhwani Pandya and Sumit Khanna GANDHINAGAR, India (Reuters) – India’s Prime Minister Narendra Modi touted his country’s economic prospects at a business summit in his home state of Gujarat on Wednesday as several big firms unveiled investment plans worth nearly $33 billion. His pitch comes just months before national elections, in which …
India’s Modi woos investors at business summit as firms make spending pledges Read More »
