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IndiaTV Business: Google News Feed: Digest for February 09, 2023

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Dell Technologies Inc., experiencing falling demand for personal computers, will lay off around 6,650 workers, becoming the latest technology business to announce job cuts. The firm is dealing with market circumstances that "continue to degrade with an unclear future", according to a document seen by Bloomberg. 
Infosys has  fired 600 freshers after they failed the company's internal fresher assessment (FA) test. The sacked employees said that the majority of the fired people had been employed after July 2022.
Digital financial services firm One97 Communications, which operates under the Paytm brand, expects to sustain operational profit growth, company's founder and CEO Vijay Shekhar Sharma said on Monday. Paytm's EBITDA (earnings before interest, taxes, depreciation, and amortization), an indicator of operational profit, before ESOP cost margin improved to Rs 31 crore during the third quarter ended December 31, 2022.
Kohinoor Foods Limited has reviewed and approved a strategic investment by Vikas Lifecare to takeover the business. Vikas Lifecare is involved in manufacturing and trading plastic, polymer and chemicals, and Plastic Products. With the latest acquisition, the company has also started dealing in FMCG sector.

IRB Infra fixed record date for stock split, stock up 3%

Tuesday 07 February 2023 04:32 AM UTC+00
Shares of IRB Infra on Tuesday climbed more than 3 per cent in early morning deals on the back of the announcement of the record date for the sub-division of equity shares. The counter quoted Rs 277 apiece on NSE, up 3.50 per cent from the previous close of 267.35.

After tech giants, Boeing plans to cut about 2,000 jobs in 2023

Tuesday 07 February 2023 06:39 AM UTC+00
Layoffs continue:  After tech giants like Google, Microsoft, Meta, now aerospace company Boeing announces that it will make staffing cuts in 2023. 

Housing prices across top 8 cities last year rose by 7%: Report

Tuesday 07 February 2023 02:51 PM UTC+00
Housing prices increased by an average of far as a result of rising building costs and stifled demand. The Real Insight report states that in comparison to the year 2021, the average home price in eight major cities rose by 7% last year, reaching between Rs 6,700 and Rs 6,900 per square foot.
Vodaone-Idea have allocated around Rs 16,133 crore worth shares amounting to 33.44 per cent stake to the government against interest dues, according to a filing report.

PhonePe launches UPI international service in 5 countries

Tuesday 07 February 2023 04:14 PM UTC+00
Financial firm PhonePe announced on Tuesday that its users across five countries will now be able to make payments via Unified Payments Interface (UPI) system. These countries include UAE, Singapore, Mauritius, Nepal and Bhutan.
Layoffs in IT sector: The video-conferencing service company Zoom joined the IT giants that announced trimming headcounts citing economic slowdown and uncertainty ahead. The year 2023 unleashed a wave of shocking layoffs for employees working in the tech industry. Around 50,000 job cuts were announced in January alone, and there doesn't appear to be any let up this month. The computer maker Dell said Monday that it's cutting about 6,600 jobs. 
Dell Technologies Inc., experiencing falling demand for personal computers, will lay off around 6,650 workers, becoming the latest technology business to announce job cuts. The firm is dealing with market circumstances that "continue to degrade with an unclear future", according to a document seen by Bloomberg. 
Infosys has  fired 600 freshers after they failed the company's internal fresher assessment (FA) test. The sacked employees said that the majority of the fired people had been employed after July 2022.
Digital financial services firm One97 Communications, which operates under the Paytm brand, expects to sustain operational profit growth, company's founder and CEO Vijay Shekhar Sharma said on Monday. Paytm's EBITDA (earnings before interest, taxes, depreciation, and amortization), an indicator of operational profit, before ESOP cost margin improved to Rs 31 crore during the third quarter ended December 31, 2022.
Kohinoor Foods Limited has reviewed and approved a strategic investment by Vikas Lifecare to takeover the business. Vikas Lifecare is involved in manufacturing and trading plastic, polymer and chemicals, and Plastic Products. With the latest acquisition, the company has also started dealing in FMCG sector.

IRB Infra fixed record date for stock split, stock up 3%

Tuesday 07 February 2023 04:32 AM UTC+00
Shares of IRB Infra on Tuesday climbed more than 3 per cent in early morning deals on the back of the announcement of the record date for the sub-division of equity shares. The counter quoted Rs 277 apiece on NSE, up 3.50 per cent from the previous close of 267.35.

After tech giants, Boeing plans to cut about 2,000 jobs in 2023

Tuesday 07 February 2023 06:39 AM UTC+00
Layoffs continue:  After tech giants like Google, Microsoft, Meta, now aerospace company Boeing announces that it will make staffing cuts in 2023. 

Housing prices across top 8 cities last year rose by 7%: Report

Tuesday 07 February 2023 02:51 PM UTC+00
Housing prices increased by an average of far as a result of rising building costs and stifled demand. The Real Insight report states that in comparison to the year 2021, the average home price in eight major cities rose by 7% last year, reaching between Rs 6,700 and Rs 6,900 per square foot.
Vodaone-Idea have allocated around Rs 16,133 crore worth shares amounting to 33.44 per cent stake to the government against interest dues, according to a filing report.

PhonePe launches UPI international service in 5 countries

Tuesday 07 February 2023 04:14 PM UTC+00
Financial firm PhonePe announced on Tuesday that its users across five countries will now be able to make payments via Unified Payments Interface (UPI) system. These countries include UAE, Singapore, Mauritius, Nepal and Bhutan.
Layoffs in IT sector: The video-conferencing service company Zoom joined the IT giants that announced trimming headcounts citing economic slowdown and uncertainty ahead. The year 2023 unleashed a wave of shocking layoffs for employees working in the tech industry. Around 50,000 job cuts were announced in January alone, and there doesn't appear to be any let up this month. The computer maker Dell said Monday that it's cutting about 6,600 jobs. 
Digital financial services firm One97 Communications, which operates under the Paytm brand, expects to sustain operational profit growth, company's founder and CEO Vijay Shekhar Sharma said on Monday. Paytm's EBITDA (earnings before interest, taxes, depreciation, and amortization), an indicator of operational profit, before ESOP cost margin improved to Rs 31 crore during the third quarter ended December 31, 2022.
Kohinoor Foods Limited has reviewed and approved a strategic investment by Vikas Lifecare to takeover the business. Vikas Lifecare is involved in manufacturing and trading plastic, polymer and chemicals, and Plastic Products. With the latest acquisition, the company has also started dealing in FMCG sector.

IRB Infra fixed record date for stock split, stock up 3%

Tuesday 07 February 2023 04:32 AM UTC+00
Shares of IRB Infra on Tuesday climbed more than 3 per cent in early morning deals on the back of the announcement of the record date for the sub-division of equity shares. The counter quoted Rs 277 apiece on NSE, up 3.50 per cent from the previous close of 267.35.

After tech giants, Boeing plans to cut about 2,000 jobs in 2023

Tuesday 07 February 2023 06:39 AM UTC+00
Layoffs continue:  After tech giants like Google, Microsoft, Meta, now aerospace company Boeing announces that it will make staffing cuts in 2023. 

Housing prices across top 8 cities last year rose by 7%: Report

Tuesday 07 February 2023 02:51 PM UTC+00
Housing prices increased by an average of far as a result of rising building costs and stifled demand. The Real Insight report states that in comparison to the year 2021, the average home price in eight major cities rose by 7% last year, reaching between Rs 6,700 and Rs 6,900 per square foot.
Vodaone-Idea have allocated around Rs 16,133 crore worth shares amounting to 33.44 per cent stake to the government against interest dues, according to a filing report.

PhonePe launches UPI international service in 5 countries

Tuesday 07 February 2023 04:14 PM UTC+00
Financial firm PhonePe announced on Tuesday that its users across five countries will now be able to make payments via Unified Payments Interface (UPI) system. These countries include UAE, Singapore, Mauritius, Nepal and Bhutan.
Layoffs in IT sector: The video-conferencing service company Zoom joined the IT giants that announced trimming headcounts citing economic slowdown and uncertainty ahead. The year 2023 unleashed a wave of shocking layoffs for employees working in the tech industry. Around 50,000 job cuts were announced in January alone, and there doesn't appear to be any let up this month. The computer maker Dell said Monday that it's cutting about 6,600 jobs. 
RBI interest rate: The Reserve Bank of India, on Wednesday, announced to hike the interest rate by 25 BPS to 6.5%, citing sluggish core inflation. The hike in the repo rate is also set to further increase home, car loans and EMIs. 
Amid a political slugfest between Opposition parties and the ruling Bharatiya Janta Party (BJP), shares of most of the Adani group firms gained in late morning trade on Wednesday. The flagship company Adani Enterprises jumbed by 13 per cent.

IRB Infra fixed record date for stock split, stock up 3%

Tuesday 07 February 2023 04:32 AM UTC+00
Shares of IRB Infra on Tuesday climbed more than 3 per cent in early morning deals on the back of the announcement of the record date for the sub-division of equity shares. The counter quoted Rs 277 apiece on NSE, up 3.50 per cent from the previous close of 267.35.

After tech giants, Boeing plans to cut about 2,000 jobs in 2023

Tuesday 07 February 2023 06:39 AM UTC+00
Layoffs continue:  After tech giants like Google, Microsoft, Meta, now aerospace company Boeing announces that it will make staffing cuts in 2023. 

Housing prices across top 8 cities last year rose by 7%: Report

Tuesday 07 February 2023 02:51 PM UTC+00
Housing prices increased by an average of far as a result of rising building costs and stifled demand. The Real Insight report states that in comparison to the year 2021, the average home price in eight major cities rose by 7% last year, reaching between Rs 6,700 and Rs 6,900 per square foot.
Vodaone-Idea have allocated around Rs 16,133 crore worth shares amounting to 33.44 per cent stake to the government against interest dues, according to a filing report.

PhonePe launches UPI international service in 5 countries

Tuesday 07 February 2023 04:14 PM UTC+00
Financial firm PhonePe announced on Tuesday that its users across five countries will now be able to make payments via Unified Payments Interface (UPI) system. These countries include UAE, Singapore, Mauritius, Nepal and Bhutan.
Layoffs in IT sector: The video-conferencing service company Zoom joined the IT giants that announced trimming headcounts citing economic slowdown and uncertainty ahead. The year 2023 unleashed a wave of shocking layoffs for employees working in the tech industry. Around 50,000 job cuts were announced in January alone, and there doesn't appear to be any let up this month. The computer maker Dell said Monday that it's cutting about 6,600 jobs. 
RBI interest rate: The Reserve Bank of India, on Wednesday, announced to hike the interest rate by 25 BPS to 6.5%, citing sluggish core inflation. The hike in the repo rate is also set to further increase home, car loans and EMIs. 
Amid a political slugfest between Opposition parties and the ruling Bharatiya Janta Party (BJP), shares of most of the Adani group firms gained in late morning trade on Wednesday. The flagship company Adani Enterprises jumbed by 13 per cent.
Dynamic Cables has released its third quarter and 9 months earnings of the current financial year. The company in an exchange filing said that it has posted the highest ever revenue in the first 9 months of any fiscal. 
Amid growing political outrage over Adani row, Reserve Bank Governor Shaktikanta Das on Wednesday said the strength, size and resilience of the Indian banking system now are much stronger and larger "to be affected by a case like this.

IRB Infra fixed record date for stock split, stock up 3%

Tuesday 07 February 2023 04:32 AM UTC+00
Shares of IRB Infra on Tuesday climbed more than 3 per cent in early morning deals on the back of the announcement of the record date for the sub-division of equity shares. The counter quoted Rs 277 apiece on NSE, up 3.50 per cent from the previous close of 267.35.

After tech giants, Boeing plans to cut about 2,000 jobs in 2023

Tuesday 07 February 2023 06:39 AM UTC+00
Layoffs continue:  After tech giants like Google, Microsoft, Meta, now aerospace company Boeing announces that it will make staffing cuts in 2023. 

Housing prices across top 8 cities last year rose by 7%: Report

Tuesday 07 February 2023 02:51 PM UTC+00
Housing prices increased by an average of far as a result of rising building costs and stifled demand. The Real Insight report states that in comparison to the year 2021, the average home price in eight major cities rose by 7% last year, reaching between Rs 6,700 and Rs 6,900 per square foot.
Vodaone-Idea have allocated around Rs 16,133 crore worth shares amounting to 33.44 per cent stake to the government against interest dues, according to a filing report.

PhonePe launches UPI international service in 5 countries

Tuesday 07 February 2023 04:14 PM UTC+00
Financial firm PhonePe announced on Tuesday that its users across five countries will now be able to make payments via Unified Payments Interface (UPI) system. These countries include UAE, Singapore, Mauritius, Nepal and Bhutan.
Layoffs in IT sector: The video-conferencing service company Zoom joined the IT giants that announced trimming headcounts citing economic slowdown and uncertainty ahead. The year 2023 unleashed a wave of shocking layoffs for employees working in the tech industry. Around 50,000 job cuts were announced in January alone, and there doesn't appear to be any let up this month. The computer maker Dell said Monday that it's cutting about 6,600 jobs. 
RBI interest rate: The Reserve Bank of India, on Wednesday, announced to hike the interest rate by 25 BPS to 6.5%, citing sluggish core inflation. The hike in the repo rate is also set to further increase home, car loans and EMIs. 
Amid a political slugfest between Opposition parties and the ruling Bharatiya Janta Party (BJP), shares of most of the Adani group firms gained in late morning trade on Wednesday. The flagship company Adani Enterprises jumbed by 13 per cent.
Dynamic Cables has released its third quarter and 9 months earnings of the current financial year. The company in an exchange filing said that it has posted the highest ever revenue in the first 9 months of any fiscal. 
Amid growing political outrage over Adani row, Reserve Bank Governor Shaktikanta Das on Wednesday said the strength, size and resilience of the Indian banking system now are much stronger and larger "to be affected by a case like this.

IRB Infra fixed record date for stock split, stock up 3%

Tuesday 07 February 2023 04:32 AM UTC+00
Shares of IRB Infra on Tuesday climbed more than 3 per cent in early morning deals on the back of the announcement of the record date for the sub-division of equity shares. The counter quoted Rs 277 apiece on NSE, up 3.50 per cent from the previous close of 267.35.

After tech giants, Boeing plans to cut about 2,000 jobs in 2023

Tuesday 07 February 2023 06:39 AM UTC+00
Layoffs continue:  After tech giants like Google, Microsoft, Meta, now aerospace company Boeing announces that it will make staffing cuts in 2023. 

Housing prices across top 8 cities last year rose by 7%: Report

Tuesday 07 February 2023 02:51 PM UTC+00
Housing prices increased by an average of far as a result of rising building costs and stifled demand. The Real Insight report states that in comparison to the year 2021, the average home price in eight major cities rose by 7% last year, reaching between Rs 6,700 and Rs 6,900 per square foot.
Vodaone-Idea have allocated around Rs 16,133 crore worth shares amounting to 33.44 per cent stake to the government against interest dues, according to a filing report.

PhonePe launches UPI international service in 5 countries

Tuesday 07 February 2023 04:14 PM UTC+00
Financial firm PhonePe announced on Tuesday that its users across five countries will now be able to make payments via Unified Payments Interface (UPI) system. These countries include UAE, Singapore, Mauritius, Nepal and Bhutan.
Layoffs in IT sector: The video-conferencing service company Zoom joined the IT giants that announced trimming headcounts citing economic slowdown and uncertainty ahead. The year 2023 unleashed a wave of shocking layoffs for employees working in the tech industry. Around 50,000 job cuts were announced in January alone, and there doesn't appear to be any let up this month. The computer maker Dell said Monday that it's cutting about 6,600 jobs. 
RBI interest rate: The Reserve Bank of India, on Wednesday, announced to hike the interest rate by 25 BPS to 6.5%, citing sluggish core inflation. The hike in the repo rate is also set to further increase home, car loans and EMIs. 
Amid a political slugfest between Opposition parties and the ruling Bharatiya Janta Party (BJP), shares of most of the Adani group firms gained in late morning trade on Wednesday. The flagship company Adani Enterprises jumbed by 13 per cent.
Dynamic Cables has released its third quarter and 9 months earnings of the current financial year. The company in an exchange filing said that it has posted the highest ever revenue in the first 9 months of any fiscal. 
Amid growing political outrage over Adani row, Reserve Bank Governor Shaktikanta Das on Wednesday said the strength, size and resilience of the Indian banking system now are much stronger and larger "to be affected by a case like this.

IRB Infra fixed record date for stock split, stock up 3%

Tuesday 07 February 2023 04:32 AM UTC+00
Shares of IRB Infra on Tuesday climbed more than 3 per cent in early morning deals on the back of the announcement of the record date for the sub-division of equity shares. The counter quoted Rs 277 apiece on NSE, up 3.50 per cent from the previous close of 267.35.

After tech giants, Boeing plans to cut about 2,000 jobs in 2023

Tuesday 07 February 2023 06:39 AM UTC+00
Layoffs continue:  After tech giants like Google, Microsoft, Meta, now aerospace company Boeing announces that it will make staffing cuts in 2023. 

Housing prices across top 8 cities last year rose by 7%: Report

Tuesday 07 February 2023 02:51 PM UTC+00
Housing prices increased by an average of far as a result of rising building costs and stifled demand. The Real Insight report states that in comparison to the year 2021, the average home price in eight major cities rose by 7% last year, reaching between Rs 6,700 and Rs 6,900 per square foot.
Vodaone-Idea have allocated around Rs 16,133 crore worth shares amounting to 33.44 per cent stake to the government against interest dues, according to a filing report.

PhonePe launches UPI international service in 5 countries

Tuesday 07 February 2023 04:14 PM UTC+00
Financial firm PhonePe announced on Tuesday that its users across five countries will now be able to make payments via Unified Payments Interface (UPI) system. These countries include UAE, Singapore, Mauritius, Nepal and Bhutan.
Layoffs in IT sector: The video-conferencing service company Zoom joined the IT giants that announced trimming headcounts citing economic slowdown and uncertainty ahead. The year 2023 unleashed a wave of shocking layoffs for employees working in the tech industry. Around 50,000 job cuts were announced in January alone, and there doesn't appear to be any let up this month. The computer maker Dell said Monday that it's cutting about 6,600 jobs. 
RBI interest rate: The Reserve Bank of India, on Wednesday, announced to hike the interest rate by 25 BPS to 6.5%, citing sluggish core inflation. The hike in the repo rate is also set to further increase home, car loans and EMIs. 
Amid a political slugfest between Opposition parties and the ruling Bharatiya Janta Party (BJP), shares of most of the Adani group firms gained in late morning trade on Wednesday. The flagship company Adani Enterprises jumbed by 13 per cent.
Dynamic Cables has released its third quarter and 9 months earnings of the current financial year. The company in an exchange filing said that it has posted the highest ever revenue in the first 9 months of any fiscal. 
Amid growing political outrage over Adani row, Reserve Bank Governor Shaktikanta Das on Wednesday said the strength, size and resilience of the Indian banking system now are much stronger and larger "to be affected by a case like this.

IRB Infra fixed record date for stock split, stock up 3%

Tuesday 07 February 2023 04:32 AM UTC+00
Shares of IRB Infra on Tuesday climbed more than 3 per cent in early morning deals on the back of the announcement of the record date for the sub-division of equity shares. The counter quoted Rs 277 apiece on NSE, up 3.50 per cent from the previous close of 267.35.

After tech giants, Boeing plans to cut about 2,000 jobs in 2023

Tuesday 07 February 2023 06:39 AM UTC+00
Layoffs continue:  After tech giants like Google, Microsoft, Meta, now aerospace company Boeing announces that it will make staffing cuts in 2023. 

Housing prices across top 8 cities last year rose by 7%: Report

Tuesday 07 February 2023 02:51 PM UTC+00
Housing prices increased by an average of far as a result of rising building costs and stifled demand. The Real Insight report states that in comparison to the year 2021, the average home price in eight major cities rose by 7% last year, reaching between Rs 6,700 and Rs 6,900 per square foot.
Vodaone-Idea have allocated around Rs 16,133 crore worth shares amounting to 33.44 per cent stake to the government against interest dues, according to a filing report.

PhonePe launches UPI international service in 5 countries

Tuesday 07 February 2023 04:14 PM UTC+00
Financial firm PhonePe announced on Tuesday that its users across five countries will now be able to make payments via Unified Payments Interface (UPI) system. These countries include UAE, Singapore, Mauritius, Nepal and Bhutan.
Layoffs in IT sector: The video-conferencing service company Zoom joined the IT giants that announced trimming headcounts citing economic slowdown and uncertainty ahead. The year 2023 unleashed a wave of shocking layoffs for employees working in the tech industry. Around 50,000 job cuts were announced in January alone, and there doesn't appear to be any let up this month. The computer maker Dell said Monday that it's cutting about 6,600 jobs. 
RBI interest rate: The Reserve Bank of India, on Wednesday, announced to hike the interest rate by 25 BPS to 6.5%, citing sluggish core inflation. The hike in the repo rate is also set to further increase home, car loans and EMIs. 
Amid a political slugfest between Opposition parties and the ruling Bharatiya Janta Party (BJP), shares of most of the Adani group firms gained in late morning trade on Wednesday. The flagship company Adani Enterprises jumbed by 13 per cent.
Dynamic Cables has released its third quarter and 9 months earnings of the current financial year. The company in an exchange filing said that it has posted the highest ever revenue in the first 9 months of any fiscal. 
Amid growing political outrage over Adani row, Reserve Bank Governor Shaktikanta Das on Wednesday said the strength, size and resilience of the Indian banking system now are much stronger and larger "to be affected by a case like this.

IRB Infra fixed record date for stock split, stock up 3%

Tuesday 07 February 2023 04:32 AM UTC+00
Shares of IRB Infra on Tuesday climbed more than 3 per cent in early morning deals on the back of the announcement of the record date for the sub-division of equity shares. The counter quoted Rs 277 apiece on NSE, up 3.50 per cent from the previous close of 267.35.

After tech giants, Boeing plans to cut about 2,000 jobs in 2023

Tuesday 07 February 2023 06:39 AM UTC+00
Layoffs continue:  After tech giants like Google, Microsoft, Meta, now aerospace company Boeing announces that it will make staffing cuts in 2023. 

Housing prices across top 8 cities last year rose by 7%: Report

Tuesday 07 February 2023 02:51 PM UTC+00
Housing prices increased by an average of far as a result of rising building costs and stifled demand. The Real Insight report states that in comparison to the year 2021, the average home price in eight major cities rose by 7% last year, reaching between Rs 6,700 and Rs 6,900 per square foot.
Vodaone-Idea have allocated around Rs 16,133 crore worth shares amounting to 33.44 per cent stake to the government against interest dues, according to a filing report.

PhonePe launches UPI international service in 5 countries

Tuesday 07 February 2023 04:14 PM UTC+00
Financial firm PhonePe announced on Tuesday that its users across five countries will now be able to make payments via Unified Payments Interface (UPI) system. These countries include UAE, Singapore, Mauritius, Nepal and Bhutan.
Layoffs in IT sector: The video-conferencing service company Zoom joined the IT giants that announced trimming headcounts citing economic slowdown and uncertainty ahead. The year 2023 unleashed a wave of shocking layoffs for employees working in the tech industry. Around 50,000 job cuts were announced in January alone, and there doesn't appear to be any let up this month. The computer maker Dell said Monday that it's cutting about 6,600 jobs. 
RBI interest rate: The Reserve Bank of India, on Wednesday, announced to hike the interest rate by 25 BPS to 6.5%, citing sluggish core inflation. The hike in the repo rate is also set to further increase home, car loans and EMIs. 
Amid a political slugfest between Opposition parties and the ruling Bharatiya Janta Party (BJP), shares of most of the Adani group firms gained in late morning trade on Wednesday. The flagship company Adani Enterprises jumbed by 13 per cent.
Dynamic Cables has released its third quarter and 9 months earnings of the current financial year. The company in an exchange filing said that it has posted the highest ever revenue in the first 9 months of any fiscal. 
Amid growing political outrage over Adani row, Reserve Bank Governor Shaktikanta Das on Wednesday said the strength, size and resilience of the Indian banking system now are much stronger and larger "to be affected by a case like this.
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