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Forex reserves surge to $636.095 billion

Forex reserves surge to $636.095 billion

India’s foreign exchange reserves grew by USD 10.470 billion to reach USD 636.095 billion by March 8, marking a third
Missing middle in IT firms pose challenges to fulfil cloud deals

Missing middle in IT firms pose challenges to fulfil cloud

IT firms face challenges due to missing middle talent, impacting outsourcing deals and cloud migration projects. Decline in institutional knowledge
IBM CEO Arvind Krishna’s salary jumps 23% to $20 million

IBM CEO Arvind Krishna’s salary jumps 23% to $20 million

Arvind Krishna’s 2023 compensation rose to $20M, including incentives and stock awards. Performance metrics covered revenue growth, free cash flows,
AI raises cybersecurity risks: RBI governor

AI raises cybersecurity risks: RBI governor

RBI governor Shaktikanta Das on Friday said that with the advent of AI, cybersecurity challenges can rise manifold, and called
Sebi approves trial run of same-day stock settlement

Sebi approves trial run of same-day stock settlement

Markets regulator Sebi on Friday said that it would soon start a pilot project for moving to a T+0 settlement
Exports see fastest growth in 20 months led by engineering

Exports see fastest growth in 20 months led by engineering

India’s goods exports rose 11.9% to $41.4 billion, highest in 20 months. Imports increased, resulting in a trade deficit of
Sop for Tesla, others: Duty to be cut to 15% if co invests $500m in local production

Sop for Tesla, others: Duty to be cut to 15%

Government policy overhaul reduces import duty for high-end foreign electric cars with a $500 million investment requirement. Key players like