Page 43 - Tcs News Today

The former top official said that the relationship with the US has become important because of iPhone maker Apple coming to India for product manufacturing, and added that car maker Teslas discussions with the Indian government are on while space giant SpaceX is likely to make inroads into the country next year.

You can remit money through various secured agencies as they provide a simple and convenient money transfer experience.

Remittances down 37% over September; shift to credit-card spending for international travel likely. In October, outward remittances under the liberalised remittances scheme, or LRS, fell 37% to $2.1 billion from $3.5 billion in September.

The roundtable session deliberated the bottlenecks faced by MSMEs within the e-commerce sector under the current GST regime and offered recommendations to promote ease of doing business.

Accenture reiterated its headline FY24 revenue growth guidance of 2-5% YoYcc but increased the inorganic contribution to more than 2% vs 2% earlier, which implies that FY24 organic growth guidance has been trimmed slightly. Management indicated no change in the demand environment – persistent weakness in BFS, CMT, and discretionary spends.

Restrictions on the Liberalized Remittance Scheme (LRS) have impacted fund flows into Indias International Financial Services Centre (IFSC), Gift City.

From the Sensex stocks, Nestle India, Sun Pharma, Reliance Industries, NTPC, and Maruti opened in the green, while TCS, HDFC Bank, IndusInd Bank, and Kotak Bank opened in the red.

“I think there is still room for IT to catch up and the way the stocks have performed and the way the numbers are, the valuations are justified for it. I feel that still the markets have not run up. We must be looking at it on the index level that we are at all-time high but I still feel that a lot of up move from here in the markets as well.”

Wipros September quarter showed promising deal bookings but the pace of revenue conversion has been sluggish due to project delays weighing on its turnaround efforts

Foreign banking giant Citi has re-iterated its