In this issue

January 13, 2023

IIP growth rebounds, inflation cools

India's factory output rebounded to a five-month high in November and retail inflation eased marginally to a 12-month low in December, providing much-needed comfort to the government.

1 min

Infosys beats estimates in Q3, raises FY23 revenue guidance

Attrition reduces to 24% from 27% in the previous quarter

2 mins

Scheme to settle export obligation defaults on cards

One-time opportunity to help 1,100 exporters

2 mins

Torrent bid not compliant, RCap lenders tell NCLT

Decision on next round of bidding to be taken only after tribunal's order

2 mins

No BIS mark: Hamleys, Archies, WHSmith toys seized

The outlets of several brands, including Hamleys, Archies, and WH Smith, were raided during a Bureau of Indian Standards (BIS) enforcement drive against companies selling products allegedly without certification.

2 mins

HCLTech Q3 profit rises 18.8%; FY23 revenue guidance trimmed

Deal pipeline remains strong, may see a moderation in Europe next quarter, says CEO

2 mins

Infy veteran Ravi Kumar S joins Cognizant as CEO

Nasdaq-listed Cognizant on Thursday named Ravi Kumar S as its new chief executive officer and board member. Kumar succeeds Brian Humphries in both roles.

1 min

IT hirings seen at pre-Covid levels in FY24

After a year of supply-side constraints due to high demand for work after the pandemic, it looks like 2023-24 (FY24) will see a 'normalised pattern' of hiring.

1 min

India can be Global South's voice: PM

Offering to become the voice of the Global South, India on Thursday gave a new agenda to the world on behalf of the countries of the South: 'respond, recognise, respect, and reform'.

1 min

Banks seek exemptions on sovereign green bonds

Banks have requested the Reserve Bank of India (RBI) to exempt them from maintaining cash reserve ratio (CRR), statutory liquidity ratio (SLR), and priority sector lending requirement for subscribing to soverign green bonds to be floated in January and February.

2 mins

UK strikes roll on as 100,000 civil servants call for walkout

Some 100,000 UK civil servants announced plans to strike next month after health care and rail unions signaled they're far from resolving their disputes with employers and the government, piling further pressure on Prime Minister Rishi Sunak's administration.

2 mins

Britain-Japan pact to allow 2-way military deployments

'Most significant defence agreement between the 2 countries in a century'

1 min

Clear desks, WFH: Twitter to staff at Asia HQ

Musk's cost-cutting efforts include not paying rent on its global HQ

1 min

We underestimated speed of SUV growth: Maruti

Maruti Suzuki underestimated the speed of the sport utility vehicle (SUV) segment's growth in the country and was now aiming to be number one in this section of the Indian car market, managing director and chief executive officer Hisashi Takeuchi said on Thursday.

2 mins

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