Touted as largest recruiter of women, TCS sees rise in female staff resignation

Published on Jun 08, 2023 10:00 PM IST

Women made up nearly a 4th of the leadership positions fulfilled with internal candidates in FY23, even though they account for only 14% of the applicant pool

TCS says said that it does not discriminate between genders on remuneration.(Bloomberg)

Regulators put the future of America’s crypto industry in doubt

Firms will head to friendlier waters

Absent legislation or friendlier regulators, the lawsuits place the fate of America’s crypto industry in judicial hands(Stock)
Published on Jun 08, 2023 09:33 PM IST
The Economist

Zomato deletes ‘Kachra’ campaign video after facing backlash from netizens

In response to the criticism, Zomato issued an official statement saying that they had no intention of hurting the sentiments of anyone.

Zomato said the intention of the ad was to raise awareness about
Published on Jun 08, 2023 04:17 PM IST
By | Edited by Poulomi Ghosh

Markets close in red with Sensex down 294 points at 62,848; Nifty at 18,634

The Reserve Bank of India left its key interest rate unchanged for a second straight policy meeting

A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, India. (File image)(REUTERS)
Updated on Jun 08, 2023 04:23 PM IST

1.80 lakh crore in 2,000 notes returned to banks since withdrawal order: RBI

On May 19, the Reserve Bank of India (RBI) announced the withdrawal of ₹2,000 denomination banknotes as part of its currency management

As on March 31, 2023, <span class='webrupee'>₹</span>2,000 notes worth <span class='webrupee'>₹</span>3.62 lakh crore were in circulation.(AFP File Photo)
Published on Jun 08, 2023 03:15 PM IST

20-nation Eurozone dips into recession, economy shrinks by 0.1% in Jan-March

The 20-nation economy shrank by 0.1% between January and March, revised data showed Thursday, adding to a fourth-quarter decline of the same magnitude.

The outcome will come as a blow after politicians and European Central Bank officials said repeatedly that a downturn could be averted even as inflation rocketed to its highest level since the euro was introduced.
Updated on Jun 08, 2023 03:08 PM IST
Bloomberg |

Consumer tech and new products: Developer conference keynotes are changing

This season, there has been a change in approach by Google, Microsoft and now Apple, at developer-focused events. They are putting consumers back in the spotlight

Apple CEO Tim Cook takes a photo in a viewing area for new products during Apple’s Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California, on June 5. (AFP)
Updated on Jun 08, 2023 01:05 PM IST

RBI not thinking of withdrawing 500, re-introducing 1,000 notes: Governor

In the latest MPC meeting, Reserve Bank of India governor Shaktikanta Das announced to keep the repo rate unchanged at 6.5%.

RBI governor said there are no plans to withdraw <span class='webrupee'>₹</span>500 notes(Reuters)
Updated on Jun 08, 2023 12:49 PM IST

Rupay prepaid forex cards now permitted for issuance by banks, says RBI Governor

RBI Governor said RuPay Debit and Credit cards issued by banks in India are gaining increased acceptance abroad.

The move will expand the reach and acceptance of RuPay cards globally. (Representative image)
Published on Jun 08, 2023 11:56 AM IST

RBI keeps key rate unchanged at 6.5%, forecasts FY24 growth at 6.5%

Helped by buoyant tax receipts, the country’s fiscal deficit for the last financial year narrowed to 6.4% from a year earlier

The RBI forecast a 6.5% GDP expansion in 2023-24. (REUTERS)
Updated on Jun 08, 2023 11:50 AM IST

RBI forecasts GDP growth at 6.5%, retains April projection

In April, the central bank projected a GDP growth of 6.5 percent for 2023-24, a marginal increase from its earlier forecast of 6.4 percent.

Published on Jun 08, 2023 11:21 AM IST
PTI | | Posted by Lingamgunta Nirmitha Rao

Repo rate, inflation and GDP: What did RBI's Monetary Policy Committee say

Monetary Policy Committee decides unanimously to keep repo rate unchanged at 6.5%.

RBI Governor Shaktikanta Das (PTI)
Published on Jun 08, 2023 10:30 AM IST

RBI holds rates but signals tight monetary policy ahead

The monetary policy committee (MPC), which has three members from the Reserve Bank of India and three external members, kept the repo rate steady at 6.50%.

Representational image.
Published on Jun 08, 2023 10:10 AM IST
Reuters |

Sensex opens in green above 63,100, Nifty around 18,700

Sensex, Nifty updates: The 30-share BSE Sensex climbed 85.64 points to 63,228.60 in early trade. The NSE Nifty advanced 25.55 points to 18,751.95.

Sensex, Nifty opening figures: A file photo of the BSE
Published on Jun 08, 2023 09:29 AM IST
PTI | | Posted by Singh Rahul Sunilkumar

RBI's second consecutive pause expected, market awaits policy shift

All 40 economists in a Bloomberg survey forecast the Indian central bank will keep the repurchase rate unchanged at 6.50%.

Reserve Bank of India
Published on Jun 08, 2023 09:21 AM IST
Bloomberg | | Posted by Singh Rahul Sunilkumar

ChatGPT creator Sam Altman warns of job cuts. Then points to silver lining

Altman, in an interview stressed that while certain jobs may become obsolete due to automation, new opportunities would emerge.

OpenAI CEO Sam Altman.(AFP)
Published on Jun 08, 2023 09:05 AM IST

LIVE | Nearly half of withdrawn 2,000 banknotes returned: Das

The Reserve Bank of India is holding its three-day Monetary Policy Committee (MPC) meeting, which is set to conclude Thursday.

Post Monetary Policy briefing (RBI)
Updated on Jun 08, 2023 12:58 PM IST

Pizza Hut Australia purchased by US group that owns Taco Bell, Wendy’s locations

The acquisition will give Flynn about 2,600 locations across the two countries and boost annual sales to roughly $4.5 billion from $4.2 billion.

Pizza Hut Australia has notched 50 consecutive months of positive same-store sales growth, a key gauge of restaurant momentum, according to the statement.(REUTERS)
Published on Jun 07, 2023 10:44 PM IST
Bloomberg |

After a brief time, Chris Licht steps down as CNN's CEO

In May, Licht faced a backlash after hosting a town-hall event with ex-US President Donald Trump.

Chris Licht, Chairman and CEO, CNN Worldwide.(AFP)
Published on Jun 07, 2023 10:36 PM IST
Bloomberg |

About 80% choose to deposit Rs2000 notes instead of exchanging: Report

The inflow of 2000 rupees note will likely push up bank deposit growth from the current 10.9% and reduce currency in circulation.

The image shows a person holding <span class='webrupee'>₹</span>2000 notes.(Twitter/@CMAHardikJoshi)
Published on Jun 07, 2023 03:45 PM IST
Reuters | | Posted by Singh Rahul Sunilkumar

Closing bell: Sensex jumps 350.08 points to settle at 63,161; Nifty above 18,726

Rising for the fourth straight session, the 30-share BSE Sensex climbed 350.08 points or 0.56 per cent to settle at 63,142.96.

BSE Sensex(HT File)
Updated on Jun 07, 2023 04:21 PM IST
PTI | | Posted by Sreelakshmi B

Cabinet approves $11 billion revival package for telecom firm BSNL: Report

A revival package of 890.47 billion rupees ($10.79 billion) for state telecom operator BSNL.

BSNL(Livemint File)
Updated on Jun 07, 2023 02:36 PM IST
Reuters | | Posted by Sreelakshmi B

Reddit to layoff 5% employees, cites ‘restructuring of operations’

Also, the social media company has revised his hiring plans for the remainder of the year, reducing the number of open positions to just 100, from 300.

FILE PHOTO: Reddit app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
Published on Jun 07, 2023 12:13 PM IST
By, New Delhi

Sony’s new Walkman has the modern touch, but is it powerful enough?

The Sony Walkman NW-A306 demands you part with a significant amount of money, also because it needs a premium headphone.

The Sony Walkman NW-A306. (Vishal Mathur/ HT Photo)
Updated on Jun 07, 2023 10:38 AM IST

Opening bell: Sensex climbs 235 points to trade at 63,028, Nifty above 18,676

In Asian markets, on the other hand, Seoul, Shanghai and Hong Kong were trading in the green, while Tokyo quoted lower.

Published on Jun 07, 2023 09:24 AM IST

Petrol, diesel prices on June 7: Check latest rates in your city

In the national capital petrol and diesel prices retail at ₹96.72 and ₹89.62 per litre, respectively.

Representative image.
Published on Jun 07, 2023 07:51 AM IST

World Bank trims FY24 India growth, sees sharp slowdown in global economy

GDP growth for FY24 in India is seen at 6.3% compared with a previous estimate of 6.6% in January, according to the bank’s Global Economic Prospects report.

According to the World Bank report, India's private investment was likely boosted by increasing corporate profits while unemployment declined to 6.8% in the first quarter of 2023,
Updated on Jun 07, 2023 06:48 AM IST

Insurance coverage for train travel: Claim rules & process during accident

In the event of an eligible claim, the benefits under Indian Railways' insurance policy will be paid within 15 days upon receipt of the required documents.

A drone view shows derailed coaches after two passenger trains collided in Odisha's Balasore district on June 3.(Reuters)
Published on Jun 06, 2023 06:06 PM IST

Sensex closes flat around 62,800, Nifty at 18,600

Sensex, NSE updates: Selling pressure in IT counters, foreign fund outflows and weak trends in global equities dented sentiments in markets, traders said.

Sensex, NSE figures updates.(MINT_PRINT)
Published on Jun 06, 2023 03:40 PM IST
PTI | | Posted by Singh Rahul Sunilkumar

PhonePe begins account aggregator services: All you need to know

In August 2021, the fintech major received in-principle approval from the RBI to operate as an account aggregator (AA).

In August 2021, PhonePe received in--principal approval from the RBI to operate as an Account Aggregator (Bloomberg/For Representative Purposes Only)
Published on Jun 06, 2023 02:08 PM IST
By, New Delhi
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