BUSINESS
Indices end higher; Sensex above 60,000, Nifty over 18,000
At close, Sensex ended 455.95 points or 0.76 per cent up at 60,572.08, and Nifty closed up 133.70 points or 0.75 per cent at 18,070.05. About 1,865 shares have advanced, 1,632 shares declined and 103 shares remained unchanged. Bajaj Finserv, IndusInd Bank, Bharti Airtel, Titan, and Bajaj Finance were major gainers on the Sensex.
Swiggy offers free skill-based learning to gig workers, their kids
The company has also partnered with Google to use Read Along, a speech-based reading tool, to help children of delivery partners improve their reading skills. "With Swiggy Skills, we have taken a step in fulfilling our responsibility towards our executives with the focus to create an opportunity for their growth and progress," said Girish Menon, Head of Human Resources at Swiggy.
CM Naveen Patnaik coming to 'sell' Odisha to Maharashtra investors
CM Patnaik, along with a high-level delegation of senior officials, is expected to be in Mumbai over the next couple of days and meet top leaders of India Inc. as part of the Odisha Investors Meet, in the country's commercial capital. In Mumbai, the Odisha government will lay emphasis on attracting investments in areas like chemicals, petrochemicals, metals, textiles, electronics system design, manufacturing and tourism.
India to be a key hub to accelerate digital, IoT adoption globally: Siemens
India will play a key role in the global rollout of the 'Siemens Xcelerator' programme, said Peter Koerte, Chief Technology Officer and Strategy Officer, Siemens AG. The accelerator offers a comprehensive portfolio that includes digital and Internet of Things (IoT)-enabled offerings (software, hardware and digital services) from Siemens, and certified third parties.
Infosys comes cracking down on dual employment, warns termination; diktat won't work say techies
Since the job market is still hot in Bengaluru despite fears of US recession and the IT giant's diktat is not going to affect moonlighting by its employees. The techies including those who area employed in the IT giant, explain that until the work from home option is there, the Infosys diktat won't work. The start-ups and unicorns are heads over heels for talent and skilled professionals, they say.
BYJU's set to release FY21 financial report, sales may see significant drop
Facing intense scrutiny from the government over the long delay, the company had received an 'unqualified' report from auditor Deloitte late last month. According to sources, there is going to be a substantial difference between the projected sales and the audited revenue in BYJU's FY21 financial results.Last valued at $22 billion, the edtech company faced larger scrutiny from the government as it failed to submit its audited financial report.
Rupee over 1 month high against US dollar
The Indian rupee appreciated 40 paise to 79.12 against the US dollar during early trade on Tuesday following a decline in dollar and inflows from foreign investors, dealers said. The rupee remained at over 1 month high with this fall. At the Interbank foreign exchange market, the rupee was trading at 79.12 against the US dollar, as compared to 79.52 close on the previous trading session.
Bond yields fell on hope of Indian notes to included in global indexes
At 12.40 p.m., the yield on old benchmark bond 6.54 per cent-2032 was trading at 7.1290 per cent, as compared to 7.1811 per cent closed on Monday, and new benchmark bond 7.26 per cent-2032 bond was trading at 7.0902 per cent, as against 7.1354 per cent closed on the previous trading session.
Many nations showing interest in rupee trade: Sitharaman
Speaking at the Mindmine Summit 2022 here, Sitharaman said that positive response has come from many nations across the world, which have said that it is possible to have rupee trade with India. She informed that the Centre is enabling interoperability of platforms to make this possible.
Wall Street titan Goldman Sachs expected to layoff hundreds
The cuts at the financial investment firm could begin as early as next week and impact employees across the company, BBC reported. Goldman Sachs declined to comment, but had mentioned reduced profits in an earning report in July. "We have made the decision to slow hiring velocity," the company's chief financial officer, Denis Coleman, had said at the time, BBC reported.
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