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IndiaTV Business: Google News Feed: Digest for March 24, 2023

IndiaTV Business: Google News Feed

IndiaTV: Business RSS Feed

Table of Contents

Credit Suisse bank crisis: The banking crisis that started in the United States has now reached Europe as fresh troubles mounted for Credit Suisse Group AG-- a global investment bank and financial services firm based in Switzerland.
Jet Airways CEO Sanjiv Kapoor in a tweet said that metro stations in India are 'artless concrete eyesores design' while comparing them with those in Dubai.
The New York Community Bank has agreed to buy a significant part of the failed Signature Bank for $2.7 billion, according to the Federal Deposit Insurance Corp.
Coinbase is allegedly investigating the potential of establishing a trading site outside of the US. To accomplish this, the exchange is seeking to collaborate with well-known figures in the sector. The story claims that the new site would be for institutional buyers who reside outside the United States.
Gold price today: In India, the price of 24 karat and 22 carat gold has not changed in the past two days. As of Monday, 20 March, 10 grams of 24 carat gold cost Rs 58,220, while 10 grams of 22 carat gold cost Rs 53,330, same as Saturday.
Crypto ads: Belgium Financial Authority has asked the Crypto exchanges to put an explicit warning in their advertisement. The new rules ask the Cryptocurrency firms to run the line, that only guarantees in cryptocurrency are risks. New rules will be made effective on May 17, 2023.
Gold Prices saw a massive increase in the last 24 hours after being constant for two days. On March 21, 2023, Gold Prices are Rs 59,780 for 24 carat Gold (10 gm) and Rs 54,800 for 22 carat Gold (10 gm). The prices briefly touched Rs 60,000 for 24 carat Gold. On Monday, 10 grams of 24 carat gold was at Rs 58,220, while 10 grams of 22 carat gold cost was at Rs 53,330.
Packaged drinking water company Bisleri International chairman Ramesh Chauhan has said that he has no plans to sell the company. The chairman added that he's not in talks with any parties to sell the business. The development has come days after Tata Consumer Products Ltd called off their negotiations with Bisleri.

Gold price decreases after witnessing a surge on Tuesday

Wednesday 22 March 2023 04:56 AM UTC+00
Gold prices have decreased in the country after a Rs 1000 jump witnessed previously. 
Indian Crypto-exchange WazirX, with reportedly around 10 million users, recently revealed in a report that the exchange had blacklisted 2,431 accounts after requests of blacklisting from Law enforcement agencies (LEA). This blocking on the platform is over suspicious and unlawful activity after verifying the transactions, between October 2022 to March 2023. The volume of transactions in question is estimated to be around $390 million. The platform showed 100% compliance with LEA requests
The New York Community Bank has agreed to buy a significant part of the failed Signature Bank for $2.7 billion, according to the Federal Deposit Insurance Corp.
Coinbase is allegedly investigating the potential of establishing a trading site outside of the US. To accomplish this, the exchange is seeking to collaborate with well-known figures in the sector. The story claims that the new site would be for institutional buyers who reside outside the United States.
Gold price today: In India, the price of 24 karat and 22 carat gold has not changed in the past two days. As of Monday, 20 March, 10 grams of 24 carat gold cost Rs 58,220, while 10 grams of 22 carat gold cost Rs 53,330, same as Saturday.
Crypto ads: Belgium Financial Authority has asked the Crypto exchanges to put an explicit warning in their advertisement. The new rules ask the Cryptocurrency firms to run the line, that only guarantees in cryptocurrency are risks. New rules will be made effective on May 17, 2023.
Gold Prices saw a massive increase in the last 24 hours after being constant for two days. On March 21, 2023, Gold Prices are Rs 59,780 for 24 carat Gold (10 gm) and Rs 54,800 for 22 carat Gold (10 gm). The prices briefly touched Rs 60,000 for 24 carat Gold. On Monday, 10 grams of 24 carat gold was at Rs 58,220, while 10 grams of 22 carat gold cost was at Rs 53,330.
Packaged drinking water company Bisleri International chairman Ramesh Chauhan has said that he has no plans to sell the company. The chairman added that he's not in talks with any parties to sell the business. The development has come days after Tata Consumer Products Ltd called off their negotiations with Bisleri.

Gold price decreases after witnessing a surge on Tuesday

Wednesday 22 March 2023 04:56 AM UTC+00
Gold prices have decreased in the country after a Rs 1000 jump witnessed previously. 
Indian Crypto-exchange WazirX, with reportedly around 10 million users, recently revealed in a report that the exchange had blacklisted 2,431 accounts after requests of blacklisting from Law enforcement agencies (LEA). This blocking on the platform is over suspicious and unlawful activity after verifying the transactions, between October 2022 to March 2023. The volume of transactions in question is estimated to be around $390 million. The platform showed 100% compliance with LEA requests

US regulator threatens Coinbase of a potential lawsuit

Thursday 23 March 2023 04:57 AM UTC+00
The Securities and Exchange Commission (SEC) is reportedly planning to sue Coinbase, one of the largest cryptocurrency exchanges in the world. The regulator has flagged the exchange's wallet service and feature called Coinbase Earn. The company received Well's notice from SEC, which is an indication that the regulator believes the company has violated investor protection laws and an alert for a potential action from SEC. The CEO of Coinbase alleged that they were handed with a legal notice while they asked for clear cryptocurrency regulation in the United States.
New Delhi: The US nominee for World Bank President Ajay Banga will arrive in India on Thursday capping a three-week global listening tour that began in Africa before progressing to Europe, Latin America and Asia. During his two-day visit to New Delhi from March 23 to 24, Banga will Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman and the Minister of External Affairs S Jaishankar.
Crypto ads: Belgium Financial Authority has asked the Crypto exchanges to put an explicit warning in their advertisement. The new rules ask the Cryptocurrency firms to run the line, that only guarantees in cryptocurrency are risks. New rules will be made effective on May 17, 2023.
Gold Prices saw a massive increase in the last 24 hours after being constant for two days. On March 21, 2023, Gold Prices are Rs 59,780 for 24 carat Gold (10 gm) and Rs 54,800 for 22 carat Gold (10 gm). The prices briefly touched Rs 60,000 for 24 carat Gold. On Monday, 10 grams of 24 carat gold was at Rs 58,220, while 10 grams of 22 carat gold cost was at Rs 53,330.
Packaged drinking water company Bisleri International chairman Ramesh Chauhan has said that he has no plans to sell the company. The chairman added that he's not in talks with any parties to sell the business. The development has come days after Tata Consumer Products Ltd called off their negotiations with Bisleri.

Gold price decreases after witnessing a surge on Tuesday

Wednesday 22 March 2023 04:56 AM UTC+00
Gold prices have decreased in the country after a Rs 1000 jump witnessed previously. 
Indian Crypto-exchange WazirX, with reportedly around 10 million users, recently revealed in a report that the exchange had blacklisted 2,431 accounts after requests of blacklisting from Law enforcement agencies (LEA). This blocking on the platform is over suspicious and unlawful activity after verifying the transactions, between October 2022 to March 2023. The volume of transactions in question is estimated to be around $390 million. The platform showed 100% compliance with LEA requests

US regulator threatens Coinbase of a potential lawsuit

Thursday 23 March 2023 04:57 AM UTC+00
The Securities and Exchange Commission (SEC) is reportedly planning to sue Coinbase, one of the largest cryptocurrency exchanges in the world. The regulator has flagged the exchange's wallet service and feature called Coinbase Earn. The company received Well's notice from SEC, which is an indication that the regulator believes the company has violated investor protection laws and an alert for a potential action from SEC. The CEO of Coinbase alleged that they were handed with a legal notice while they asked for clear cryptocurrency regulation in the United States.
New Delhi: The US nominee for World Bank President Ajay Banga will arrive in India on Thursday capping a three-week global listening tour that began in Africa before progressing to Europe, Latin America and Asia. During his two-day visit to New Delhi from March 23 to 24, Banga will Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman and the Minister of External Affairs S Jaishankar.
Hindenburg Research: Just weeks after targeting Indian conglomerate Adani Group, US short-seller Hindenburg has said that it will be releasing a new report soon and promised it to be a 'big one'. "New report soon—another big one," Hindenburg Research wrote on Twitter. However, it did not provide any further details on it. 

Gold prices witnesses successive days of price drop

Thursday 23 March 2023 07:08 AM UTC+00
In the past 24 hours, the price of 24 carat and 22 carat gold has dropped by Rs 550 in India. As of Thursday (March 23), 10 grams of 24 carat gold cost Rs 58,640, while 10 grams of 22 carat gold cost Rs 53,710. Yesterday, 10 grams of 24 carat gold was at Rs 59,190, while 10 grams of 22 carat gold was at Rs 54,220.
India is preparing to introduce high-speed 6G communication services by 2030 through the recently unveiled Bharat 6G project. The project aims to identify and finance research and deployment of next-generation technology across the country, according to a vision document unveiled by Prime Minister Narendra Modi on Wednesday.
Crypto ads: Belgium Financial Authority has asked the Crypto exchanges to put an explicit warning in their advertisement. The new rules ask the Cryptocurrency firms to run the line, that only guarantees in cryptocurrency are risks. New rules will be made effective on May 17, 2023.
Gold Prices saw a massive increase in the last 24 hours after being constant for two days. On March 21, 2023, Gold Prices are Rs 59,780 for 24 carat Gold (10 gm) and Rs 54,800 for 22 carat Gold (10 gm). The prices briefly touched Rs 60,000 for 24 carat Gold. On Monday, 10 grams of 24 carat gold was at Rs 58,220, while 10 grams of 22 carat gold cost was at Rs 53,330.
Packaged drinking water company Bisleri International chairman Ramesh Chauhan has said that he has no plans to sell the company. The chairman added that he's not in talks with any parties to sell the business. The development has come days after Tata Consumer Products Ltd called off their negotiations with Bisleri.

Gold price decreases after witnessing a surge on Tuesday

Wednesday 22 March 2023 04:56 AM UTC+00
Gold prices have decreased in the country after a Rs 1000 jump witnessed previously. 
Indian Crypto-exchange WazirX, with reportedly around 10 million users, recently revealed in a report that the exchange had blacklisted 2,431 accounts after requests of blacklisting from Law enforcement agencies (LEA). This blocking on the platform is over suspicious and unlawful activity after verifying the transactions, between October 2022 to March 2023. The volume of transactions in question is estimated to be around $390 million. The platform showed 100% compliance with LEA requests

US regulator threatens Coinbase of a potential lawsuit

Thursday 23 March 2023 04:57 AM UTC+00
The Securities and Exchange Commission (SEC) is reportedly planning to sue Coinbase, one of the largest cryptocurrency exchanges in the world. The regulator has flagged the exchange's wallet service and feature called Coinbase Earn. The company received Well's notice from SEC, which is an indication that the regulator believes the company has violated investor protection laws and an alert for a potential action from SEC. The CEO of Coinbase alleged that they were handed with a legal notice while they asked for clear cryptocurrency regulation in the United States.
New Delhi: The US nominee for World Bank President Ajay Banga will arrive in India on Thursday capping a three-week global listening tour that began in Africa before progressing to Europe, Latin America and Asia. During his two-day visit to New Delhi from March 23 to 24, Banga will Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman and the Minister of External Affairs S Jaishankar.
Hindenburg Research: Just weeks after targeting Indian conglomerate Adani Group, US short-seller Hindenburg has said that it will be releasing a new report soon and promised it to be a 'big one'. "New report soon—another big one," Hindenburg Research wrote on Twitter. However, it did not provide any further details on it. 

Gold prices witnesses successive days of price drop

Thursday 23 March 2023 07:08 AM UTC+00
In the past 24 hours, the price of 24 carat and 22 carat gold has dropped by Rs 550 in India. As of Thursday (March 23), 10 grams of 24 carat gold cost Rs 58,640, while 10 grams of 22 carat gold cost Rs 53,710. Yesterday, 10 grams of 24 carat gold was at Rs 59,190, while 10 grams of 22 carat gold was at Rs 54,220.
India is preparing to introduce high-speed 6G communication services by 2030 through the recently unveiled Bharat 6G project. The project aims to identify and finance research and deployment of next-generation technology across the country, according to a vision document unveiled by Prime Minister Narendra Modi on Wednesday.
Crypto ads: Belgium Financial Authority has asked the Crypto exchanges to put an explicit warning in their advertisement. The new rules ask the Cryptocurrency firms to run the line, that only guarantees in cryptocurrency are risks. New rules will be made effective on May 17, 2023.
Packaged drinking water company Bisleri International chairman Ramesh Chauhan has said that he has no plans to sell the company. The chairman added that he's not in talks with any parties to sell the business. The development has come days after Tata Consumer Products Ltd called off their negotiations with Bisleri.

Gold price decreases after witnessing a surge on Tuesday

Wednesday 22 March 2023 04:56 AM UTC+00
Gold prices have decreased in the country after a Rs 1000 jump witnessed previously. 
Indian Crypto-exchange WazirX, with reportedly around 10 million users, recently revealed in a report that the exchange had blacklisted 2,431 accounts after requests of blacklisting from Law enforcement agencies (LEA). This blocking on the platform is over suspicious and unlawful activity after verifying the transactions, between October 2022 to March 2023. The volume of transactions in question is estimated to be around $390 million. The platform showed 100% compliance with LEA requests

US regulator threatens Coinbase of a potential lawsuit

Thursday 23 March 2023 04:57 AM UTC+00
The Securities and Exchange Commission (SEC) is reportedly planning to sue Coinbase, one of the largest cryptocurrency exchanges in the world. The regulator has flagged the exchange's wallet service and feature called Coinbase Earn. The company received Well's notice from SEC, which is an indication that the regulator believes the company has violated investor protection laws and an alert for a potential action from SEC. The CEO of Coinbase alleged that they were handed with a legal notice while they asked for clear cryptocurrency regulation in the United States.
New Delhi: The US nominee for World Bank President Ajay Banga will arrive in India on Thursday capping a three-week global listening tour that began in Africa before progressing to Europe, Latin America and Asia. During his two-day visit to New Delhi from March 23 to 24, Banga will Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman and the Minister of External Affairs S Jaishankar.
Hindenburg Research: Just weeks after targeting Indian conglomerate Adani Group, US short-seller Hindenburg has said that it will be releasing a new report soon and promised it to be a 'big one'. "New report soon—another big one," Hindenburg Research wrote on Twitter. However, it did not provide any further details on it. 

Gold prices witnesses successive days of price drop

Thursday 23 March 2023 07:08 AM UTC+00
In the past 24 hours, the price of 24 carat and 22 carat gold has dropped by Rs 550 in India. As of Thursday (March 23), 10 grams of 24 carat gold cost Rs 58,640, while 10 grams of 22 carat gold cost Rs 53,710. Yesterday, 10 grams of 24 carat gold was at Rs 59,190, while 10 grams of 22 carat gold was at Rs 54,220.
India is preparing to introduce high-speed 6G communication services by 2030 through the recently unveiled Bharat 6G project. The project aims to identify and finance research and deployment of next-generation technology across the country, according to a vision document unveiled by Prime Minister Narendra Modi on Wednesday.
Kiran Mazumdar-Shaw has retired as the independent director of the board in Infosys upon completion of her tenure, IT services major announced on Thursday. 
Packaged drinking water company Bisleri International chairman Ramesh Chauhan has said that he has no plans to sell the company. The chairman added that he's not in talks with any parties to sell the business. The development has come days after Tata Consumer Products Ltd called off their negotiations with Bisleri.

Gold price decreases after witnessing a surge on Tuesday

Wednesday 22 March 2023 04:56 AM UTC+00
Gold prices have decreased in the country after a Rs 1000 jump witnessed previously. 
Indian Crypto-exchange WazirX, with reportedly around 10 million users, recently revealed in a report that the exchange had blacklisted 2,431 accounts after requests of blacklisting from Law enforcement agencies (LEA). This blocking on the platform is over suspicious and unlawful activity after verifying the transactions, between October 2022 to March 2023. The volume of transactions in question is estimated to be around $390 million. The platform showed 100% compliance with LEA requests

US regulator threatens Coinbase of a potential lawsuit

Thursday 23 March 2023 04:57 AM UTC+00
The Securities and Exchange Commission (SEC) is reportedly planning to sue Coinbase, one of the largest cryptocurrency exchanges in the world. The regulator has flagged the exchange's wallet service and feature called Coinbase Earn. The company received Well's notice from SEC, which is an indication that the regulator believes the company has violated investor protection laws and an alert for a potential action from SEC. The CEO of Coinbase alleged that they were handed with a legal notice while they asked for clear cryptocurrency regulation in the United States.
New Delhi: The US nominee for World Bank President Ajay Banga will arrive in India on Thursday capping a three-week global listening tour that began in Africa before progressing to Europe, Latin America and Asia. During his two-day visit to New Delhi from March 23 to 24, Banga will Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman and the Minister of External Affairs S Jaishankar.
Hindenburg Research: Just weeks after targeting Indian conglomerate Adani Group, US short-seller Hindenburg has said that it will be releasing a new report soon and promised it to be a 'big one'. "New report soon—another big one," Hindenburg Research wrote on Twitter. However, it did not provide any further details on it. 

Gold prices witnesses successive days of price drop

Thursday 23 March 2023 07:08 AM UTC+00
In the past 24 hours, the price of 24 carat and 22 carat gold has dropped by Rs 550 in India. As of Thursday (March 23), 10 grams of 24 carat gold cost Rs 58,640, while 10 grams of 22 carat gold cost Rs 53,710. Yesterday, 10 grams of 24 carat gold was at Rs 59,190, while 10 grams of 22 carat gold was at Rs 54,220.
India is preparing to introduce high-speed 6G communication services by 2030 through the recently unveiled Bharat 6G project. The project aims to identify and finance research and deployment of next-generation technology across the country, according to a vision document unveiled by Prime Minister Narendra Modi on Wednesday.
Kiran Mazumdar-Shaw has retired as the independent director of the board in Infosys upon completion of her tenure, IT services major announced on Thursday. 
Accenture layoffs: IT services firm Accenture Plc has announced that it will cut around 2.5% of its workforce, or 19,000 jobs, with more than half of the layoffs affecting staff in non-billable corporate functions. The company has revised down its annual revenue and profit forecasts due to the worsening global economic outlook that is causing a decline in corporate spending on IT services. The news sent Accenture's shares up more than 4% before the bell.
Packaged drinking water company Bisleri International chairman Ramesh Chauhan has said that he has no plans to sell the company. The chairman added that he's not in talks with any parties to sell the business. The development has come days after Tata Consumer Products Ltd called off their negotiations with Bisleri.

Gold price decreases after witnessing a surge on Tuesday

Wednesday 22 March 2023 04:56 AM UTC+00
Gold prices have decreased in the country after a Rs 1000 jump witnessed previously. 
Indian Crypto-exchange WazirX, with reportedly around 10 million users, recently revealed in a report that the exchange had blacklisted 2,431 accounts after requests of blacklisting from Law enforcement agencies (LEA). This blocking on the platform is over suspicious and unlawful activity after verifying the transactions, between October 2022 to March 2023. The volume of transactions in question is estimated to be around $390 million. The platform showed 100% compliance with LEA requests

US regulator threatens Coinbase of a potential lawsuit

Thursday 23 March 2023 04:57 AM UTC+00
The Securities and Exchange Commission (SEC) is reportedly planning to sue Coinbase, one of the largest cryptocurrency exchanges in the world. The regulator has flagged the exchange's wallet service and feature called Coinbase Earn. The company received Well's notice from SEC, which is an indication that the regulator believes the company has violated investor protection laws and an alert for a potential action from SEC. The CEO of Coinbase alleged that they were handed with a legal notice while they asked for clear cryptocurrency regulation in the United States.
New Delhi: The US nominee for World Bank President Ajay Banga will arrive in India on Thursday capping a three-week global listening tour that began in Africa before progressing to Europe, Latin America and Asia. During his two-day visit to New Delhi from March 23 to 24, Banga will Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman and the Minister of External Affairs S Jaishankar.
Hindenburg Research: Just weeks after targeting Indian conglomerate Adani Group, US short-seller Hindenburg has said that it will be releasing a new report soon and promised it to be a 'big one'. "New report soon—another big one," Hindenburg Research wrote on Twitter. However, it did not provide any further details on it. 

Gold prices witnesses successive days of price drop

Thursday 23 March 2023 07:08 AM UTC+00
In the past 24 hours, the price of 24 carat and 22 carat gold has dropped by Rs 550 in India. As of Thursday (March 23), 10 grams of 24 carat gold cost Rs 58,640, while 10 grams of 22 carat gold cost Rs 53,710. Yesterday, 10 grams of 24 carat gold was at Rs 59,190, while 10 grams of 22 carat gold was at Rs 54,220.
India is preparing to introduce high-speed 6G communication services by 2030 through the recently unveiled Bharat 6G project. The project aims to identify and finance research and deployment of next-generation technology across the country, according to a vision document unveiled by Prime Minister Narendra Modi on Wednesday.
Kiran Mazumdar-Shaw has retired as the independent director of the board in Infosys upon completion of her tenure, IT services major announced on Thursday. 
Accenture layoffs: IT services firm Accenture Plc has announced that it will cut around 2.5% of its workforce, or 19,000 jobs, with more than half of the layoffs affecting staff in non-billable corporate functions. The company has revised down its annual revenue and profit forecasts due to the worsening global economic outlook that is causing a decline in corporate spending on IT services. The news sent Accenture's shares up more than 4% before the bell.
Packaged drinking water company Bisleri International chairman Ramesh Chauhan has said that he has no plans to sell the company. The chairman added that he's not in talks with any parties to sell the business. The development has come days after Tata Consumer Products Ltd called off their negotiations with Bisleri.

Gold price decreases after witnessing a surge on Tuesday

Wednesday 22 March 2023 04:56 AM UTC+00
Gold prices have decreased in the country after a Rs 1000 jump witnessed previously. 
Indian Crypto-exchange WazirX, with reportedly around 10 million users, recently revealed in a report that the exchange had blacklisted 2,431 accounts after requests of blacklisting from Law enforcement agencies (LEA). This blocking on the platform is over suspicious and unlawful activity after verifying the transactions, between October 2022 to March 2023. The volume of transactions in question is estimated to be around $390 million. The platform showed 100% compliance with LEA requests

US regulator threatens Coinbase of a potential lawsuit

Thursday 23 March 2023 04:57 AM UTC+00
The Securities and Exchange Commission (SEC) is reportedly planning to sue Coinbase, one of the largest cryptocurrency exchanges in the world. The regulator has flagged the exchange's wallet service and feature called Coinbase Earn. The company received Well's notice from SEC, which is an indication that the regulator believes the company has violated investor protection laws and an alert for a potential action from SEC. The CEO of Coinbase alleged that they were handed with a legal notice while they asked for clear cryptocurrency regulation in the United States.
New Delhi: The US nominee for World Bank President Ajay Banga will arrive in India on Thursday capping a three-week global listening tour that began in Africa before progressing to Europe, Latin America and Asia. During his two-day visit to New Delhi from March 23 to 24, Banga will Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman and the Minister of External Affairs S Jaishankar.
Hindenburg Research: Just weeks after targeting Indian conglomerate Adani Group, US short-seller Hindenburg has said that it will be releasing a new report soon and promised it to be a 'big one'. "New report soon—another big one," Hindenburg Research wrote on Twitter. However, it did not provide any further details on it. 

Gold prices witnesses successive days of price drop

Thursday 23 March 2023 07:08 AM UTC+00
In the past 24 hours, the price of 24 carat and 22 carat gold has dropped by Rs 550 in India. As of Thursday (March 23), 10 grams of 24 carat gold cost Rs 58,640, while 10 grams of 22 carat gold cost Rs 53,710. Yesterday, 10 grams of 24 carat gold was at Rs 59,190, while 10 grams of 22 carat gold was at Rs 54,220.
India is preparing to introduce high-speed 6G communication services by 2030 through the recently unveiled Bharat 6G project. The project aims to identify and finance research and deployment of next-generation technology across the country, according to a vision document unveiled by Prime Minister Narendra Modi on Wednesday.
Kiran Mazumdar-Shaw has retired as the independent director of the board in Infosys upon completion of her tenure, IT services major announced on Thursday. 
Accenture layoffs: IT services firm Accenture Plc has announced that it will cut around 2.5% of its workforce, or 19,000 jobs, with more than half of the layoffs affecting staff in non-billable corporate functions. The company has revised down its annual revenue and profit forecasts due to the worsening global economic outlook that is causing a decline in corporate spending on IT services. The news sent Accenture's shares up more than 4% before the bell.
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