Infosys Loses Undisclosed Global Client, Terminating $1.5 Billion AI Deal
The company clarified this development in an exchange filing, continuing from their earlier disclosure on September 14, 2023, regarding the Memorandum of Understanding.
Rise in oil prices can hinder market rally of last 2 months
After a subdued start, the market reversed from the day’s low amid buy-on-dips strategy.
Narayana Murthy defends his 70-hr work week statement, says he used to reach office at 6:20am
While his original statement stirred controversy, Murthy insisted that hard work was integral to prosperity and nation-building. The debate over the demanding work schedule's impact on health had sparked mixed reactions on social media.
Finance Ministry Banks on Declining Oil Prices to Curb Inflation
India's retail inflation in October hit a four-month low, reaching 4.87%, inching closer to the RBI's targeted rate of 4%.
India Poised for Benefits as Crude Oil Prices Hit 4-Month Low
India had been grappling with an escalating current account deficit due to the substantial oil import bill, exerting pressure on the rupee, which weakened owing to the heightened demand for dollars necessary for purchasing expensive oil.
Rupee plunges to 12-month low against dollar
The RBI has been intervening periodically to sell dollars in the market to prevent the rupee from going into a free fall, according to traders.
Oil prices rise on Middle East tensions
Investors are concerned that the Israel-Hamas war could spark a wider conflict in the oil-rich region and further tighten global supply, CNN reported.
Results of IT majors struggling with weak numbers impacting market
Leading banking names have the strength to continue supporting the market, he said.
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