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In the last one year, Tata Consultancy Services (TCS) has bagged three deals - each worth over a billion dollars. Wipro too has bagged a $1.5 dollar deal with Alight Solutions. Infosys, on the other hand, has been eating morsels worth $25-35 million a deal and hasn’t struck a billion dollar deal since 2014.
It has been ten years since the fall of US-based investment bank Lehman Brothers which led to a global financial crisis in 2008. A glut of money in financial assets like stocks and bonds, dependence of emerging economies on dollar and US's monetary policy and an impending correction in markets mean the world may well be on verge of another such crisis.
IFC aims at enabling making calls and internet services during flights in the Indian airspace and availability of wi-fi is also expected to provide local airlines an additional source of revenues amid stiff competition in the fast-growing Indian aviation market.
Three OPEC and non-OPEC sources told Reuters on Friday latest data has shown that OPEC and its allies supplied less oil in August to world markets than they did in July mainly because of a drop in Iranian production.
These norms have been put in place weeks after a panel suggested various changes to the guidelines proposed earlier, amid concerns in certain quarters that overseas funds might face difficulties in ensuring compliance.
On September 10, Chinese billionaire Jack Ma, on his 54th birthday, announced that he would step down as Alibaba's executive chairman in one year to make way for the next generation of leaders at the $420 billion e-commerce giant.
Mehul Choksi's lawyer Sanjay Abbott told the court that he was "shocked" to watch a debate on a national television news channel where two callers phoned in to share their opinion on the fraud. Abbott thus pleaded for cancellation of a non-bailable warrant against Choksi claiming he has reasons to believe that his return to India might endanger his life.
Fitch, in its Global Economic Outlook, said it expects inflation to rise to the upper end of the central bank's target band (4 per cent, plus-minus 2 per cent) on relatively high demand-pull pressures and rupee depreciation.
The corporate affairs ministry has completed de-activation of the Director Identification Numbers (DINs) of individuals who did not submit the DIR-3 KYC (Know Your Customer) form by the initial deadline. Directors can submit the information by paying Rs 500 till October 5, according to the ministry.
The corporate affairs ministry had earlier struck off over 2.26 lakh firms for non-filing of financial statements or annual returns for a continuous period of two years or more as part of the first phase of the drive.
In mid-day trading, Sensex collapsed to an 1,100-point slump before staging a V-shaped recovery. This was after the markets got off to a buoyant start with both Sensex and Nifty gaining nearly a per cent and the BSE index rising more than 300 points.
The government expects that rate hike in small savings schemes will make them attractive alternatives to bank deposits in the coming months. This may result in the government announcing a market borrowing programme for the second half of FY19, which may be smaller than what has been expected so far by the markets
The five-year Country Partnership Framework (CPF) for India is aimed at supporting the country's transition to a higher middle-income country. The framework will address some of India's key development priorities -- resource efficient and inclusive growth, job creation and building its human capital.