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Bengaluru: Tech Mahindra reported a 1.6% sequential revenue growth in constant currency in the Sept quarter but saw a 0.3% declineas compared to the corresponding period last year. In dollar terms, its revenue increased by 1.4% sequentially to $1.5 billion but declined by 0.2% year-on-year. TNN Source link
Federal Reserve Chair Jerome Powell warned on Tuesday that the sharp slowdown in US hiring poses increasing risks to the economy, suggesting the central bank may reduce its key interest rate two more times before the year ends.In written remarks ahead of a meeting of the National Association of Business Economics in Philadelphia, Powell noted…
Public sector banks have demonstrated stronger performance and resilience recently, with credit growth surpassing that of private banks, Financial Services Secretary M Nagaraju said on Tuesday. He attributed the trend to improved due diligence, enhanced credit underwriting standards, and better monitoring of project loans.Speaking at the inauguration of Punjab & Sind Bank’s MSME Sports Cluster…
The Indian rupee fell 13 paise to close at an all-time low of 88.81 against the US dollar on Tuesday, pressured by weak domestic equities and a firm dollar amid global risk-off sentiment, according to market sources.Forex traders said foreign fund outflows amid risk-averse global conditions further dented investor sentiment. However, a drop in crude…
Federal Reserve Chair Jerome Powell warned on Tuesday that the sharp slowdown in US hiring poses increasing risks to the economy, suggesting the central bank may reduce its key interest rate two more times before the year ends.In written remarks ahead of a meeting of the National Association of Business Economics in Philadelphia, Powell noted…
LG India MD Hong Ju Jeon (Screengrab-PTI) LG Electronics India made a striking debut on the National Stock Exchange (NSE) and BSE on Tuesday, but it was managing director Hong Ju Jeon’s decision to deliver his entire speech in Hindi that stole the spotlight.Jeon, who took charge as MD of LG Electronics India in January…
Gold and silver are expected to maintain strong momentum in the coming months, driven by robust central bank demand, shifts in US monetary policy, and supply constraints, according to Nilesh Shah, Managing Director of Kotak Asset Management Company (AMC).Shah highlighted that central bank purchases, both in gold and potentially silver, remain a key driver for…
In 2023, a Wall Street analyst summed up the AI hardware boom with a single brutal metaphor: “There’s a war going on out there in A.I., and Nvidia is the only arms dealer.” But what happens when the arms dealer’s own blood comes for the throne? Lisa Su — the soft-spoken engineer who once took…
The IMF predicts that the US economy will achieve 2% growth in 2025, surpassing their July projection of 1.9%. (AI image) Donald Trump’s tariff policies have not proved to be as detrimental to US and global economic growth prospects as previously envisioned by the International Monetary Fund. In its latest World Economic Outlook for 2025,…
MUMBAI: NPCI International Payments (NIPL), the overseas arm of NPCI, has signed an MoU with NTT DATA Japan to enable UPI acceptance across merchant locations in Japan. The partnership aims to simplify digital payments for Indian tourists and deepen cross-border payment collaboration between India and Japan.NTT DATA Japan operates CAFIS, the country’s largest card payment…
