BUSINESS
AWS logs $20.5 bn in net sales in Q3, now at record $82 bn ARR
With the ongoing macroeconomic uncertainties, the company saw an uptick in (Amazon Web Services) customers focused on controlling costs. "We're proactively working to help customers cost optimise, just as we've done throughout AWS' history, especially in periods of economic uncertainty
Rupee touches 82.72 against dollar before closing at 82.63
The Indian currency gave up its early gains due to higher dollar demand. Earlier this month, rupee had touched a record high of 83.18 against the dollar. The investors' dim outlook on China and also on the overall global economy has impacted the rupee. Rupee's fate will also depend on the crucial Federal Reserve meeting on November 2, market watchers said.
What Causes Indian Rupee Value Fluctuations?
The exchange rate of currencies is constantly fluctuating because most countries have flexible exchange systems where the exchange rate is determined by different factors. A question that most people have in their minds is why the value of the Indian rupee or any other currency fluctuates?
Women-led Kinara Capital raises Rs 200 crore to empower MSMEs in India
Existing equity investors Nuveen and the ASN Microkredietfonds advised by Triple Jump also participated in the funding round. With this funding, Kinara Capital aims to grow 5 times by 2025 and reach an asset under management (AUM) of Rs 6,000 crore.
Growth in Asia-Pacific region to slow down in 2022, 2023: IMF
This reflects headwinds from several aspects, including global financial tightening and the Russia-Ukraine war, Xinhua news agency quoted the report as saying. Asia's strong economic rebound early this year is losing momentum, with a weaker-than-expected second quarter, said the IMF.
PM Modi lauds Paytm, commends reach of digital payments in far-off places
Commending the increase in penetration of digital payments in the country, Modi said that women entrepreneurs of the village are accepting digital payments with Paytm and have QR codes outside their shops. The Prime Minister was addressing a rally after laying the foundation stone of various developmental projects at Mana village, which is considered the last village at the border between India and China, during his two-day state visit last week.
Intel set to lay offs employees as it cuts billions of dollars in spending
Intel CEO Pat Gelsinger, during the company's Q3 earnings call, said that we are responding to the current environment by taking aggressive actions to reduce costs while mindfully protecting the investments needed to accelerate our transformation, ensuring we are well-positioned for long-term market growth.
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.
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