Reports Financial News
11.01 / 18:37
Citi
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Department
Papua New Guinea declares state of emergency after 16 killed in rioting
Sydney: Papua New Guinea's prime minister declared a state of emergency on Thursday, suspending government and police officials after 16 people were killed in rioting in the Pacific island nation. A police and public sector protest on Wednesday over a pay cut that officials blamed on an administrative glitch descended into lawlessness. Television footage showed thousands of people in the streets of the capital Port Moresby, many of them carrying what appeared to be looted merchandise as black smoke billowed over the city.
11.01 / 18:37
markets
Digital
wellness
pandemic
trends
reports
Colleges
Attrition falls in IT Inc.
NEW DELHI, MUMBAI : Tata Consultancy Services (TCS) Ltd and Infosys Ltd on Thursday reported their lowest attrition in more than two and three years, respectively, indicating a muted job market in the growing shadow of artificial intelligence (AI). In the December quarter, Infosys’s attrition rate at 12.9% was the lowest in 12 quarters, while TCS’s at 13.3% was the lowest in nine quarters. Their highest rates were 28.4% (Q1FY23) and 21.5% (Q2FY23) respectively.
11.01 / 17:57
BLOCK
Reuters
Kroger
Trade
show
reports
Courts
Washington State plans to sue to block Kroger's deal for Albertsons - Bloomberg News
(Reuters) -The Washington State attorney general is planning to file a lawsuit to block supermarket chain Kroger (NYSE:KR)'s near-$25 billion acquisition of Albertsons (NYSE:ACI), Bloomberg News reported on Thursday, citing a person familiar with the plan.
11.01 / 17:57
BLOCK
security
Trade
Justice
reports
Department
Investigations
Morgan Stanley to pay under $300 million to settle block trading probe - Bloomberg News
(Reuters) — Morgan Stanley is close to an agreement to pay $200 million to $300 million to settle a U.S. investigation into its employees' handling of big stock sales, Bloomberg News reported on Thursday.
11.01 / 17:51
markets
COST
Digital
Trade
performer
reports
Infosys Q3 results: Tech giant sees ADRs jump by 5% despite decline in net profit
₹6,106 crore in the third quarter of FY24. Despite a significant decline in its net profit, the Infosys shares, listed on the US stock market, jumped as much as 4.9% during the opening trade on Thursday, January 11. India's second-largest IT firm fell below market expectations and reported 1.7% sequential fall in its net profit to ₹6,106 crore on sluggish demand from clients and cut its annual sales forecast.
11.01 / 17:51
markets
UPS
Sustainability
President
show
reports
Interviews
Rate Cut
Cleveland Fed chief Loretta Mester says March probably too early for a rate cut
Federal Reserve Bank of Cleveland President Loretta Mester said it was premature to consider cutting interest rates as soon as the US central bank’s March meeting, emphasizing that fresh inflation data suggests policymakers have more work to do. “I think March is probably too early in my estimate for a rate decline because I think we need to see some more evidence," Mester, who votes on interest-rate decisions this year, said Thursday in an interview with Michael McKee on Bloomberg TV.
11.01 / 17:51
markets
COST
Provident
Pool
President
country
reports
India a high-growth, stable market attracting big investments: NTT
NEW DELHI : Data center and IT infrastructure provider NTT is massively expanding its presence in India, which it considers to be both geopolitically stable and the world’s fastest growing data center market. The company has eight new data centres under construction in India, which would add to its 14 existing centres in the country. India also offers a large pool of talent and revenue growth opportunity, which will further expand with the advent of AI and GenAI, NTT Global Data Centers chief executive and president Doug Adams said while launching the company’s first data centre in Noida, Uttar Pradesh on Thursday.
11.01 / 17:51
markets
awards
reports
Mint awards best BFSI firms in gala ceremony
AU Small Finance Bank was the best small finance bank. The five-member jury comprised R. Doraiswamy, managing director, Life Insurance Corporation; Cyril Shroff, managing partner of law firm Cyril Amarchand Mangaldas; Keki Mistry, additional and non-executive (non-independent) director, HDFC Bank; Amish Mehta, managing director and chief executive, Crisil Ltd; and Nithya Easwaran, managing director, Multiples Alternate Asset Management Pvt.
11.01 / 17:25
Election
Celebrity
country
reports
guidelines
Courts
Why is PM Modi in a hurry to inaugurate Ram Temple? Congress hits out at BJP for ‘not listening’ to Shankaracharyas
Ram Temple inauguration in Ayodhya, Congress hit out at Bharatiya Janata Party (BJP) commenting ‘why are they in a hurry to inaugurate an under-construction building’. Shankaracharyas cited that the event is not happening adhering to scriptural guidelines for the 'Pran Pratishtha' ceremony Taking a jibe at the BJP, Congress leader Alka Lamba, "Ask them (BJP), why are the Shankaracharyas not going (to attend the Pran Pratishtha ceremony).
11.01 / 17:25
UPS
Provident
Booking
security
trends
performer
reports
In slow December quarter, TCS beats Infosys
NEW DELHI, BENGALURU : Tata Consultancy Services Ltd grew faster than its closest rival Infosys Ltd in the December quarter, and beat profit estimates, although both the IT industry heavyweights are at risk of registering among their slowest pace of annual growth. At least one-third of TCS’s incremental growth in the third quarter was driven by a large contract it secured from state-owned telecom firm BSNL. Without including that, its performance was only a tad better than that of Infosys, which posted a third straight quarter of muted performance with both revenue and profit falling short of Street expectations.
11.01 / 17:13
markets
Citi
Action
Research
information
reports
donates
stake
Grifols sees China stake sale going ahead despite Gotham City report
By Joan Faus and Nell Mackenzie
11.01 / 16:43
UPS
Apple
Bitcoin
show
track
reports
inflation data
Wall Street's indexes choppy as inflation data dampens rate-cut hopes
By Johann M Cherian and Ankika Biswas
11.01 / 16:29
COST
Provident
Digital
CEO
performer
reports
Infosys Q3 results: Attrition rate declines to 12.9%
Infosys Ltd on Thursday reported earnings for the third quarter ended December 31, 2023. The attrition rate in the third quarter of FY24 declined to 12.9 per cent, Infosys said in an exchange filing on Thursday. The voluntary attrition for IT services was reported at 14.6 per cent in the September quarter of FY24.
11.01 / 16:29
markets
ByteDance
TikTok
track
2020
reports
ByteDance to shut down music streaming app Resso in India: Report
Moneycontrol report. “Unfortunately, owing to local market conditions, we can no longer continue to serve users of Resso in India. We have therefore decided to shut down Resso and its associated operations on January 31.
11.01 / 16:25
COST
UPS
Target
economy
Food
show
reports
U.S. inflation ticks higher in December. What that means for the Fed
Higher energy and housing prices boosted overall U.S. inflation in December, a sign that the Federal Reserve’s drive to slow inflation to its two per cent target will likely remain a bumpy one.
11.01 / 14:27
markets
UPS
pandemic
trends
reports
Department
fall
Weekly
jobless claims
US consumer prices rise more than expected in December; weekly jobless claims fall
U.S. consumer prices increased more than expected in December as rents maintained their upward trend, which could delay a much anticipated interest rate cut in March from the Federal Reserve. The consumer price index (CPI) rose 0.3% last month after nudging up 0.1% in November, the Labor Department's Bureau of Labor Statistics said on Thursday. The cost of shelter accounted for the more than half of the increase in the CPI.
11.01 / 14:26
UPS
Election
President
country
reports
Neither Congress nor SP any challenge to us, entire country is 'Ram-may': UP BJP chief
BJP president Bhupendra Chaudhary on Thursday said neither the Congress nor the Samajwadi Party are any challenge to his party and the entire country is today «Ram-may» — immersed in the devotion of Lord Ram. «Neither the Samajwadi Party (SP) nor the Congress are a challenge. You can see that the entire state and country is 'Ram-may',» the BJP state president said when asked if these parties were coming up as a challenge to his party.
11.01 / 14:26
markets
UPS
Citi
wellness
reports
travelers
International
Mumbai
Atal Setu: How the Trans Harbour Link will transform Mumbai
Arabian Sea tomorrow, Mumbai will get a vital artery which can give a phenomenal boost to business and industry as well as make daily life easier for Mumbaikers. The Mumbai Trans Harbour Link (MTHL), or Atal Setu, as it will be called now, links Sewri in Mumbai to Nhava-Sheva on the mainland in Mumbai Metropolitan Region, establishing faster connectivity between the island city of Mumbai and the Navi Mumbai on the mainland, and decongesting the perennially choked metropolis as well as opening new vistas of development. Spanning 22 km, with a 16.5 km extension into the sea, Atal Setu will shorten travel time between Mumbai and Navi Mumbai to 20 minutes from two hours.
11.01 / 14:25
Target
Citizens
Aware
Myanmar
Refugees
country
reports
416 Myanmarese military personnel entered India, keeping close watch: Army Chief
Myanmar's armed ethnic groups and the government forces, said Army Chief General Manoj Pande on Thursday, adding the Indian military is «closely watching» the unfolding developments. At a press conference ahead of the Army Day, General Pande described the situation near the Indo-Myanmar border as «concerning» and some of the insurgent groups are feeling the pressure in the frontier region of that country and are attempting to enter Manipur. «The situation across the Indo-Myanmar border is something that we are closely watching,» he said.
11.01 / 14:17
Analysis
wellness
Experts
performer
reports
recommendations
TCS vs Infosys: 5 most important comparisons you should know
Revenue Growth Analysis: Infosys reported a 1.3% YoY improvement in its consolidated revenue, reaching ₹38,821 crore in Q3 FY24. On a sequential basis, revenue was down by 0.4%. The revenue in constant currency (CC) terms also declined by 1% YoY.
11.01 / 14:05
markets
UPS
Trade
performer
reports
Over 45 Nifty 500 stocks gained between 10% and 50% in Jan so far; Sobha, JBM Auto among top gainers – check full list
Also Read: Outlook 2024: Valuations, earnings, pre-election optimism to fuel Indian stock market, says Standard Chartered Against this backdrop, certain stocks have experienced a notable surge. Within the Nifty 500 index, 47 stocks have demonstrated gains ranging from 10% to 50% in the current month so far. Shares of billionaire Mukesh Ambani-owned Network18 stood as the top gainers in the current month, with a gain of 50% so far.
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