Cognizant CEO pay up 14% at $8.2mn in FY24
Cognizant CEO pay up 14% at $8.2mn in FY24 Source link
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Is a US recession coming? 5 key questions answered
Representative AI image via Lexica The US economy may be heading into rough weather — and when America slows down, the world feels the tremors. With Trump tariffs putting global trade under pressure and India closely tied to both the US and China, a possible recession in the US can, at the very least, slow…
At $677.8 billion, forex reserves rise for 6th straight week
MUMBAI: India’s forex reserves increased by $1.5 billion to $677.8 billion for the week ended April 11, RBI said on Friday. This is the sixth consecutive week of a rise. The overall reserves jumped by $10.8 billion to $676.2 billion in the previous reporting week ended April 4. Forex reserves touched an all-time high of…
‘Public Ltd’ tag: PhonePe, Razorpay closer to IPOs
BENGALURU: Fintech unicorns PhonePe and Razorpay have transitioned into public limited companies, signalling a step forward in their long-term plans to go public in India.The recent regulatory filings showed that PhonePe approved its conversion on April 3. The process includes changing the company’s name from PhonePe Private Limited to PhonePe Limited, though it still awaits…
No plan for GST on 2,000+ UPI payments: Govt
NEW DELHI: Govt on Friday clarified that it is not considering to levy GST on UPI transactions above Rs 2,000. Clarifying on reports, which said govt is considering levying GST on UPI transactions over Rs 2,000, the finance ministry said they are false, misleading, and without any basis.GST is levied on charges, such as Merchant…
Adani to sell Oz terminal to his port co for $2 billion
Representative Image (Danny generated IA Image) MUMBAI: Billionaire industrialist Gautam Adani intends to shift the ownership of an Australian port terminal to his publicly listed enterprise for $2 billion. The transaction involves Adani Ports issuing preferential shares to Carmichael Rail and Port Singapore Holdings, an entity under the Adani family’s control.The preferential share issuance will…
Sebi proposes increase in MFs’ REIT, InvIt limits
MUMBAI: Markets regulator Sebi on Thursday issued a consultation paper proposing to increase the amount of funds a mutual fund scheme can invest in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). It also asked for suggestions if REITs and InvITs could be categorised as ‘equity-related instruments‘, a departure from the current ‘hybrid’…
For Fiscal Year26, Infosys projects 0-3% revenue growth
BENGALURU: Infosys forecast one of its weakest revenue guidance ranges, between 0% and 3% for 2025-26, mainly due to macroeconomic uncertainties and tariff-related concerns.According to the company, in response to tepid market cues, customers have become more cautious with their discretionary spending, prompting discussions about cost efficiency and vendor consolidation deals. However, it retained its…
Sensex soars 3k points in 3 days to top 78k, erases year’s losses
Bulls Trump Bears On D-St, At Least For Now, Even As Chaos Engulfs Wall St Amid Escalating Trade War, Fed’s Wait-&-Watch TalkHopes Of Further Rate Cuts, ‘Normal’ Monsoon Lift Street SpiritsMUMBAI: Strong buying in stocks of banking and financial services companies, along with Reliance Industries, led to a more than 1,900-point intraday reversal in the…
Visas to job risks: US woes hit education loan cos
MUMBAI: India’s education loan companies are facing collateral damage from the Trump administration’s crackdown on immigrants. With the US accounting for 50-75% of the education loan disbursements, lenders are facing a business slowdown as students rethink their America plans. Lenders are also implementing stringent assessment checks to process US education loans, preferring strong profiles and…