BUSINESS
Infosys declares interim dividend of Rs 16.50 per equity share; Akshata Murthy to get Rs 64.27 cr
Akshata, daughter of Infosys co-founder Narayana Murthy, holds 3,89,57,096 shares of the company, which is 1,07 per cent of total paid up capital of the tech giant. As per the announced interim dividend of Rs 16.50 per equity share, she would get a dividend of Rs 64,27,92,084 crore. Akshata Murthy married Sunak in 2009. She holds an Indian citizenship and her non-domiciled status, which allows her to earn money abroad without paying taxes in England for a span of up to 15 years, has been debated.
ECB further raises interest rates to cool inflation
In the magnitude and pace of monetary tightening, the bank has manifested its determination to tame the persistently high inflation, which is weighing down the economic growth of the euro area, reports Xinhua news agency.
Why Should Your Business Take Product Quality Seriously?
We often see that companies start off their business operations by providing high-quality products and services but over time as they start to get customers, they start to compromise on product quality due to which they have to face consequences in the form of loss of revenue and loss of customers.
iPhone revenue grows 10% to reach $42.6 bn globally, India a sweet spot
Apple CEO Tim Cook said that the customer demand was strong and better than we anticipated that it would be. "Customers are loving our iPhone 14 lineup. Loaded with camera upgrades for sharper photos, Action Mode for smoother videos and new safety features like Crash Detection and Emergency SOS via Satellite, iPhone is even more indispensable to our daily lives," Cook told analysts during the company's quarterly earnings call late on Thursday.
NHAI InvIT Non-Convertible Debentures listed on BSE
Union Minister of Road Transport and Highway Nitin Gadkari on Friday said, "Today is a historic day and I feel very happy that we could finally give the Retail Investors (retired citizens, salaried individuals, small and medium business owners) an opportunity to participate in the Nation-Building activity. The minimum investment slab is just Rs 10,000." Gadkari informed that 25 per cent of NCDs has been reserved for Retail Investors.
Top Twitter execs to take home $88 mn, Parag Agrawal richer by $38.7 mn
According to Insider, the former Indian-origin CEO is set to receive the largest payout of $38.7 million, largely due "to the entirety of his shares vesting upon his firing". Twitter's chief financial officer Ned Segal, is set to receive $25.4 million and Vijaya Gadde, the chief legal officer, will be richer by $12.5 million after firing. Sarah Personette, the chief customer officer, would get $11.2 million. Musk is expected to reorganise Twitter and cut the workforce by a massive margin.
Elon Musk is now Twitter boss, fires Indian-origin CEO Agrawal, other top execs
According to a CNBC report citing sources on Friday, Agrawal and Segal have left the company's San Francisco headquarters and will not be returning. Gadde, the head of legal policy, trust, and safety was also fired, The Washington Post reported.
boAt raises Rs 500 cr to expand market share in smartwatches
The investment, said the company, will enable it to accelerate its plans to attain leadership in the smartwatches category, scale up its business both within and outside India and further strengthen its R&D and design capabilities.
Thai Airways to resume operations in Telangana from Oct 30
The Federation of Telangana Chambers of Commerce and Industry (FTCCI) had represented to the Thai government in the month of April to resume passenger and cargo operations which were suspended during Covid .
Apple sets new revenue record in India, logs double-digit growth
Apple posted a September quarter record revenue of $90.1 billion globally, up 8 per cent year over year. Annual revenue was $394.3 billion, also up 8 per cent year over year.
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