Rajesh Gopinathan will step down as TCS CEO and MD on Wednesday after his two-decade-long journey with the IT firm. "It has been an absolute privilege to lead our company in the last six years," he said in a farewell letter to employees. Krithi Krithivasan, Global Head of TCS' BFSI vertical, will take over as TCS CEO on June 1. readmore...

Responding to reports of the government planning to deny funding for billionaire Anil Agarwal's semiconductor venture, Minister of State for IT Rajeev Chandrasekhar told CNBC-TV18 that there's no communication from the government that it isn't pursuing Vedanta's 28nm fab proposal. He added that Vedanta is trying to locate technology for a 28nm fab and it's still a work in progress. readmore...

Air New Zealand is the best airline of 2023, according to a list released by AirlineRatings.com. Qatar Airways ranks second, followed by Etihad Airways, Korean Air, Singapore Airlines, Qantas, Virgin Australia, EVA Air, Cathay Pacific, and Emirates. AirlineRatings.com examined aspects like major safety and government audits, airline fleet age, passenger reviews and profitability for the rankings. readmore...

India’s gross domestic product (GDP) in the January-March quarter grew at 6.1% as compared to 4.4% in the previous quarter, government data released on Wednesday showed. The growth in real GDP during 2022-23 is estimated at 7.2% as compared to 9.1% in 2021-22, the government added. readmore...

Union Minister Anurag Thakur said that Cabinet has approved world's largest food storage scheme in the co-operative sector. He added, "This scheme will be implemented at the cost of ₹1 lakh crore. Under this scheme, a godown of a capacity of 2,000 tonnes will be constructed in every block." He further said an inter-ministerial committee will be formed for this. readmore...

Centre met its fiscal deficit target of 6.4% of GDP for FY23, Controller General of Accounts data showed. At ₹17.33 lakh crore, the fiscal deficit for FY23 amounted to 6.4% of the GDP aided by buoyant tax receipts and some fiscal headroom from lower payments. However, in absolute terms, it is lower than the revised estimate of ₹17.55 lakh crore. readmore...

Adani Ports and SEZ auditor Deloitte Haskins & Sells LLP has raised concerns over the company's transactions with three entities citing "insufficient disclosures". While the company said that they were unrelated parties, the auditor said it could not confirm that the parties were indeed unrelated. It signed off on the company's books only with what's called a "qualified opinion". readmore...

The Securities and Exchange Board of India (SEBI) cancelled the certificate of registration of Karvy Stock Broking through an order issued on May 31. The SEBI had banned the stock broking company and its promoters from the market for seven years through its order issued on April 28, 2023. This was done for various violations including misappropriation of clients' securities. readmore...

Reliance Jio's Chairman Akash Ambani and his wife Shloka Mehta were blessed with a baby girl on Wednesday. A few days back, the couple was spotted visiting Siddhivinayak temple with Mukesh Ambani to seek blessings, pictures of which had surfaced online. Akash and Shloka were blessed with their first child, a son, in December 2020. readmore...

Vedanta Chairman Anil Agarwal, in the company's first-ever townhall with shareholders, assured that plans for the semiconductor project are on track and assuaged debt-related concerns at the group level. He denied any plans for the sale of a promoter stake in Vedanta or any 'bigger plan' with Glencore. He also denied any interest in investing in the Indian Premier League. readmore...

Tesla CEO Elon Musk met China's Commerce Minister Wang Wentao on Wednesday, who promised to support the development of foreign firms. Wentao said Beijing will support long-term, stable development of foreign-invested enterprises in China, according to a ministry statement. Musk praised the potential of China's development and expressed a willingness to deepen mutually beneficial cooperation. readmore...

Volkswagen COO Ralf Brandstaetter has said the automaker will not participate in a discount battle in China "at any price". "Volkswagen is focusing on a sustainable business model...Our market position is strong enough. For us, the focus is on profitability, not sales volume or market share," he added. The firm aspires to be the biggest international carmaker in China. readmore...

Morgan Stanley Research in a report titled 'India Equity Strategy and Economics: How India Has Transformed in Less than a Decade' highlighted 10 changes India has undergone in past nine years. "This India is different from what it was in 2013. In a short span of 10 years, India has gained positions...with significant positive consequences," the report said. readmore...

JPMorgan Chase CEO Jamie Dimon said the US and China need to have "real engagement" to resolve tricky security and trade matters between them. "You're not going to fix these things if you are just sitting across the Pacific yelling at each other," Dimon said. "Let's not try to decouple. Let's not try to hurt China...Chinese people," he added. readmore...

According to a new United Nations report, acute food insecurity is likely to rise in Pakistan in the coming months if its economic and political turmoil intensifies. The report covers the period from June to November 2023. Pakistan will have to repay $77.5 billion of external debt between April 2023 and June 2026, the report added. readmore...

Morgan Stanley in a report has said that India's next decade will resemble China in 2007-11. It has predicted that India will emerge as a key driver for Asia and drive a fifth of global growth in the next decade. The report has cited 10 big changes India has seen in the past nine years. readmore...

Patanjali Foods CEO Sanjeev Asthana said the company has taken two rounds of price cuts, both at MRP and operative price levels. "We have dropped prices substantially by ₹30-40/kg...The company is willing to undertake cuts further if prices continue their downward trend," he added. Patanjali Foods posted a 13% y-o-y rise in net profit at ₹264 crore for March quarter. readmore...

Dubai has reportedly emerged as the top destination city for Foreign Direct Investment (FDI) from India in the calendar year 2022. According to the Dubai FDI Monitor, India is one of the top five source countries for FDI in Dubai. India accounted for 12% of announced FDI projects in Dubai in 2022, while US accounted for 20%. readmore...

An Indian agency will provide safety certification for most of Gatik Ship Management's fleet, a major carrier of Russian oil to India, records showed. This development follows Lloyd's Register and the American Bureau of Shipping withdrawing classification for many of its vessels. India, which doesn't recognise sanctions on Russia, has become the biggest buyer of seaborne Russian crude. readmore...

Securities and Exchange Board of India (SEBI) released a consultation paper, seeking enhanced transparency measures for foreign portfolio investors (FPIs) amid the recent Adani-Hindenburg debacle. Following this, the shares of Adani Group's companies took a hit. SEBI is seeking to introduce a framework for imposing additional disclosure requirements on FPIs who meet specific objective criteria. readmore...

The government has appointed Ashwani Kumar as Managing Director and Chief Executive Officer of UCO Bank for a period of three years. Kumar, who is currently the executive director of Indian Bank, will be replacing Soma Sankara Prasad, who is due to superannuate on May 31. Kumar earlier served as Chief General Manager of Punjab National Bank. readmore...

JPMorgan Chase built a new global unit to cater to the ultra-wealthy and their investment firms. The unit, 23 Wall, was created just before the COVID-19 pandemic and is led by JPMorgan's Andy Cohen. It now includes about three dozen people in the US, Asia and Europe. It focuses on about 700 families worth more than $4.5 trillion, Cohen said. readmore...

IndiGo parent InterGlobe Aviation's shares have risen 28% in three months and hit a fresh 52-week high recently. Rising market share, Go First's bankruptcy, capacity-related issues of SpiceJet, higher ticket prices, lower and stable fuel prices, rising air traffic and increasing presence in international sectors are among the reasons which led to the rise in share prices of IndiGo. readmore...

The Adani Group is looking to raise over $3 billion through an equity share sale to institutional investors in three group companies, media reports said. The boards of Adani Enterprises and Adani Transmission have approved raising over $2.5 billion through share sales. Adani Green Energy's board is likely to do the same for raising up to $1 billion soon. readmore...

India's growth in eight core infrastructure industries moderated to 3.5% in April year-on-year after hitting a five-month low of 3.6% in March, data from the Ministry of Commerce & Industry showed. It also eased from 9.5% growth a year earlier. The production of fertilisers, steel, cement and coal surged in April 2023 over the corresponding month of last year. readmore...

Investors continued to monitor surging Treasury yields for recession signals even with a stronger-than-expected earnings season underway.

Stocks were mixed in choppy trading on Thursday as investors weighed several key earnings reports and kept an eye on the bond market, where Treasury yields continue to climb. The Dow Jones Industria… [+1974 chars] readmore...

#AT&T #pandemic #yahoofinance AT&T CFO Pascal Desroches joins Yahoo Finance Live Brian Sozzi, Brad Smith and Julie Hyman to discuss company earnings, subscri...

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Kamal Bhatia, Chief Operating Officer, Principal Asset Management discusses financial inclusion and economic resilience with Bloomberg's Sonia Meggie at the ...

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American Airlines CFO Derek Kerr says the airline isn't flying as much as the company wants due to industry constraints. Speaking on "Bloomberg Markets," Ker...

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Don't Miss: Valley of Hype: The Culture That Built Elizabeth HolmesWATCH HERE:https://youtu.be/Sb179GLPNYESubscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb...

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Philadelphia Federal Reserve President Patrick Harker on Thursday said higher interest rates have done little to keep inflation in check, so more increases will be needed.

Philadelphia Federal Reserve President Patrick Harker on Thursday said higher interest rates have done little to keep inflation in check, so more increases will be needed. "We are going to keep rais… [+1532 chars] readmore...

#FederalReserve #interestrates #inflation Yahoo Finance's Jennifer Schonberger reports on the latest Fed commentary on interest rate hikes and the housing ma...

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Consolidated revenue came in at Rs 3,363 for the quarter, an increase of 11 percent

Tata Consumer Products on October 20 reported a 36 percent year-on-year (YoY) growth in net profit at Rs 355 crore for the quarter ended September. In the corresponding quarter last fiscal, net profi… [+3013 chars] readmore...

#aluminum #Alcoa #yahoofinance Yahoo Finance anchors Julie Hyman, Brian Sozzi and Brad Smith discuss Alcoa earnings missing estimates as aluminum prices fall...

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Nina Skero, Chief Executive, Cebr and Semin Soher Power, Head of Inflation Trading, Bank of Ireland, two graduates from Bloomberg's Global New Voices discuss...

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American Airlines expanded on its plan to drop international first-class cabins and replace them with more business class seats.

American Airlines expanded on its plan to drop international first-class cabins and replace them with more business class seats. The move was first disclosed last month and reiterated in a conferenc… [+784 chars] readmore...

The country's competition regulator has fined Alphabet Inc's Google Rs 1,337 crore for anti-competitive practices related to Android mobile devices.

The CCI has fined Google over Rs 1,000 crore for anti-competitive practices New Delhi: The country's competition regulator has fined Alphabet Inc's Google Rs 1,337 crore for anti-competitive practic… [+1916 chars] readmore...

Homes with smart meters to be paid £3 per KW hour to boost use at night and take strain off power grid

National Grid has significantly increased its financial incentive for households that shift their power usage away from peak times as part of a renewed effort to prevent rolling power cuts. Its elec… [+3640 chars] readmore...

Stephen Maull, Owner, Maull Biomedical Training LLCThis course will teach the purpose of contrast injectors, the principles of why the different parameters a...

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Many founders invest profits back into growing a business. Setting their own take-home pay remains a challenge, and it is often overlooked.

Many small business owners have trouble figuring out an appropriate take-home pay as the company expands, and some dont pay themselves at all. These mistakes can easily come back to bite the founder … [+5447 chars] readmore...

The World Tonight: Philippine shares joined a region-wide sell-off, as fund managers decided to trim positions following Wall Street's losses.For more ANC Hi...

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Europe has been warned. It has been told in no uncertain terms that there is no alternative to Russian natural gas supplies, unless Europe wants to get devas...

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Several lots of hair products by Dove, Bed Head and Tresemmé have been recalled across Canada due to the detection of benzene, a cancer-causing chemical.

Thousands of Unilever hair products have been recalled across Canada due to the detection of benzene, a cancer-causing chemical. Health Canada issued the recall Tuesday for more than 1.5 million dry… [+1627 chars] readmore...

A "do not eat" warning has been issued for a number of products sold at major supermarkets, including Lidl, Iceland and Tesco.

A "do not eat" warning has been issued for a number of products sold at major supermarkets, including Lidl, Iceland and Tesco.  Trading Standards has issued warnings about a number of items that sho… [+2462 chars] readmore...

A group-action claim alleges Amazon breached competition law and caused customers to pay higher prices.

Amazon shoppers in the UK could receive a share of £900m in compensation, once a legal claim is submitted against the technology giant. The proposed claim alleges the company breached competition l… [+3693 chars] readmore...