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IT indices under pressure amid uncertainties in key markets

By Ayushman Baruah Despite a depreciating rupee against the dollar, IT stocks are under pressure due to macroeconomic uncertainties in key markets such as the US. The BSE IT Index has lost more than 25% since January. The rupee has depreciated by approximately 7.5% against the dollar in this time. Indian IT services companies are facing headwinds due to numerous factors like supply-side pressures, fall in demand due to global economic challenges, high attrition, and pressure on margins. Also Read| Indian Rupee: More downside in INR against US Dollar on cards, bullishness intact above 78.50 on spot The possibility of …

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Sadhguru: 5 books written by the spiritual leader

Sadhguru, a spiritual leader, yogi, and the founder and head of the Isha Foundation, is an inspiration to many. The Isha Foundation, established in 1992, operates an ashram and yoga centre that carries out educational and spiritual activities. Sadhguru has been teaching yoga since 1982. Not many people would know but Sadhguru has also written several books that offer insights into self-awareness, religion, and personal growth. Here’s a list of five notable books by the spiritual leader that one must read. Mystic’s Musings Sadhguru’s Mystic’s Musings delves into his profound experiences and wisdom, providing readers with a glimpse into the …

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Gwalior East Constituency Madhya Pradesh Assembly Election 2023: Date of Result, Voting, Counting; Candidates

Gwalior East MP Assembly Election 2023 Details: The Election for Gwalior East Assembly Constituency in Madhya Pradesh will be held on November November 17. The date of voting and result was officially announced by the Election Commission of India on October 9 . Here are the important details of the Gwalior East Constituency Assembly Election 2023 that you should know. Gwalior East Constituency Madhya Pradesh Assembly Election 2023: Voting Date The Gwalior East Assembly Constituency Election 2023 will be held on November 17, as announced by the Election Commission on October 9. Gwalior East Constituency Madhya Pradesh Election 2023: Candidates …

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Apple TV Plus price hike: Here’s how much your monthly subscription will cost now

Apple has raised the prices of some of its subscription services in the US and select international markets, but not in India. The price hike has been applied across several services of Apple including Apple TV Plus, Apple Arcade, Apple News Plus and Apple One. The Apple TV+ subscription still costs Rs 99 per month in India. The price of Apple TV+ has increased to $9.99 per month, up from the previous $6.99. Apple Arcade and Apple News Plus have also seen price hikes, to $6.99 per month and $12.99 per month, respectively. ALSO READ l Apple Watch double tap …

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Petrol and diesel price August 26: No change in fuel cost; Check prices in Delhi, Mumbai, other cities here

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: The price of petrol and diesel has been left unchanged on August 26, keeping costs steady for more than three months now. The last country-wide change in price came on May 21, when Finance Minister Nirmala Sitharaman announced a cut in excise duty on petrol by Rs 8 per litre, and Rs 6 per litre on diesel. Since then, Maharashtra is the only state to have cut rates. Maharashtra government had announced a cut in value-added tax (VAT) on petrol by Rs 5 a litre and by Rs 3 …

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Rupee rises 6 paise to close at 79.86 against US dollar

The rupee appreciated by 6 paise to close at 79.86 (provisional) against the US dollar on Friday, supported by foreign fund inflows and a positive trend in domestic equities. However, higher crude prices in the international markets restricted the rupee’s gain, forex dealers said. It finally ended at 79.86 against the US dollar, up 6 paise from its previous close of 79.92. The dollar index, which measures the greenback’s strength against a basket of six currencies, slipped 0.13 per cent to 108.33. Also Read| Rupee ends flat at 79.84 against US dollar Brent crude futures, the global oil benchmark, rose …

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Wacoal India launches campaign #WacoalKnowsBreast

Wacoal India, the Japan-based lingerie brand, has rolled out its annual Breast Cancer Awareness campaign #WacoalKnowsBreast. As per the company, it has been emphasising the importance of preventing breast cancer at earlier stages through regular tests and mammograms, and encouraging women to take action through breast self-exams. Additionally, the company has been on a mission to make an impact in the fight against breast cancer in India as breast cancer holds the grim distinction of being the primary cause of cancer-related fatalities among women in the country, with an estimated 1 in 22 women affected. In recent years, nearly 4 …

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Rupee likely to remain under pressure, may depreciate to 81 against US dollar; USDINR to trade in this range

The Indian rupee is expected to remain under pressure and may test new levels, falling to 81 against US dollar, in near-term amid US Federal interest rate hikes fears. The aggressive rate hikes will dampen demand and increase the possibility of a recession in the US which could accelerate the pace of capital outflows, weaken the rupee, according to experts. In the previous session, rupee rebounded by 39 paise to close at a nearly two-week high against the US dollar, supported by foreign fund inflows and a correction in crude oil prices. At the interbank forex market, the local unit …

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Shrem InvIT in talks with highway developers, eyes public listing in 2 years

By Swaraj Baggonkar Shrem InvIT, an infrastructure investment trust floated by Shrem Infrastructure, will go for public listing in the next 18-24 months after achieving an asset under management (AUM) of $3 billion, or ₹24,000 crore, a company official said. The Trust, which buys only fully completed projects, acquired 10 highway projects from infrastructure firm Dilip Buildcon in early 2022. Also Read| IPO fever returns to Dalal Street: 3 upcoming public issues to watch Nitan Chhatwal, chairman of Shrem InvIT, said, “We plan to go for public listing in 1-2 years. We are privately listed on NSE as of now. …

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Global Markets: Shares and bonds stabilise on pause in bad news

Shares tiptoed higher and Eurozone bond yields fell on Tuesday as investors took a breather ahead of the next round of likely gloomy inflation data while also juggling concerns about Europe’s energy crisis, a looming recession and more rate hikes. The pan-European STOXX index, MSCI’s broadest index of Asia-Pacific shares outside Japan and S&P futures all rose around 0.7% as markets recovered from a round of selling triggered by hawkish remarks by Federal Reserve Chair Jerome Powell at the Jackson Hole conference last week. Also read: Sensex, Nifty soar 2.5% in broad-based rally; here’s what fuelled today’s Dalal Street rally …