BUSINESS
Govt should purchase only indigenous products: NITI Aayog Member
He also said Prime Minister Narendra Modi's push for indigenous products is going to change the electronics manufacturing scenario in the country. During an interaction with IANS, Saraswat said that the government should create a market for Indian manufacturers by making a policy that it will only purchase indigenous products.
Economic crisis: India may help Sri Lanka with $2bn more
Last week, Ministry of External Affairs spokesperson Arindam Bagchi said: "We are neighbours and a close friend. There has been an evolving economic situation as well as other developments. To help mitigate the economic situation there, we have extended assistance -- $2.5 billion, in the past two to three months, including credit facilities for fuel and food which are most required."
Bharat Dynamics, NDTV, Adani Green among outperformers in Q12022, Kaiser Corp top mover
Bharat Dynamics, NDTV, Kiran Syntex, Adani Green Energy, Adani Wilmar, Kaiser Corporation, BLS Infotech, Khoobsurat, and Madhusudhan Securities are some of the stocks that helped their respective investors accumulate hefty returns. Out of these mentioned stocks, Kaiser Corporation rose a whopping 2,651 per cent so far in 2022.
IT major Infosys says it won't work with Russian clients
"We work with no Russian clients and the work we do is with a small number of global clients in Russia, and we have started transitioning," Parekh stated. "We have no impact on our business from an Infosys perspective given what is going on. We are providing reskilling for individuals that are displaced and see as they move to other locations in Eastern Europe.
Infosys' Q4FY22 net profit up 12% YoY to Rs 5,686 crore
In the same period last year, the net profit was Rs 5,076 crore. Besides, the company's revenue rose nearly 23 per cent to Rs 32,276 crore from Rs 26,311 crore reported in the same quarter last fiscal. On Wednesday, the company recommended a final dividend for FY22 of Rs 16 per share. The record date for the payment of the final dividend is June 1, and and will be paid to the share holders on June 28.
Ukraine war will slow down post-Covid recovery in South Asia: World Bank
The World Bank said that the Indian economy will grow at 8 per cent, which is slightly less than 2021, dding that the lingering impact of the investment programmes will keep the economy growing in the first half of 2022-23. "The negative impact of the war in Ukraine on FY2022/23 growth is expected to be moderate, so growth will begin to taper off in the second half of 2022," the report said.
Hyundai to invest $300 mn in US plant for eco-friendly cars
Hyundai Motor will upgrade the existing assembly lines of its Alabama plant for the production of the Santa Fe gasoline hybrid model and the all-electric Genesis GV70 sport utility vehicle in October and December, respectively, the company said in a statement.
Erasing opening session gains, indices close truncated week in red
Equity markets will be closed on Thursday and Friday on account of Dr Baba Saheb Ambedkar Jayanti/Mahavir Jayanti and Good Friday, respectively. On Wednesday, Sensex closed at 58,339 points, down 237 points or 0.4 per cent, whereas Nifty at 17,476 points, down 55 points or 0.3 per cent.
Hariom Pipes makes strong listing, shares up 51% above issue price
At 2.13 p.m., the shares of the company traded 51 per cent higher at Rs 231 on the National Stock Exchange (NSE), against its issue price of Rs 153. Reportedly, the firm's initial public offering issues were subscribed 7.93 times and it saw strong response from the retail investors.
Sundar Pichai announces $9.5 bn for new offices, data centres in US
Pichai said that Google helped provide $617 billion in economic activity for millions of American businesses, nonprofits, creators, developers and publishers last year. "In addition, the Android app economy helped create nearly two million jobs last year, and YouTube's creative ecosystem supported 394,000 jobs in 2020," he informed.
Don't Miss
Advertisement