Tue, Feb 6, 2024 12:21 AM
Orient Cement logs 63.5% rise in net profit to Rs 45 crore in Q3 FY24
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This week, BSE Sensex declined 1,906.01 points or2.39 percent to close at 77,580.31, while the Nifty50 index shed 615.5 points or 2.5 percent to finish at 23,532.70. During the week, the Indian rupee touched fresh record low of 84.41 and ended 3 paise lower at 84.40 per dollar on November 14 against the November 8 closing of 84.37.
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Vivek Ramaswamy, nominated to lead the Department of Government Efficiency alongside Elon Musk, has proposed massive cuts to federal government jobs in the US, aiming to reduce bureaucracy and increase innovation. Ramaswamy plans to make the government more efficient and transparent, citing the need to restore self-governance and promote growth.
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Indian IT services are poised for growth, fueled by a favorable US business environment and rising technology spending. Despite past immigration challenges, the sector adapted, and with anticipated tax cuts and increased investments in healthcare and banking, companies like 📌Coforge and 📌HCL Technologies are well-positioned to lead.
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