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Morgan Stanley revises India’s GDP growth forecast for FY25 to 6.8%

Rural demand in India to rebound: Morgan Stanley

A combination of factors like wider opening, improving labour market and terms of trade for the rural sector will result in rural demand rebound in India, said Morgan Stanley on Wednesday.

Wipro posts net income of Rs 26.6 billion in Q2, IT services revenue grows 8.4% YoY

Wipro posts net income of Rs 26.6 billion in Q2, IT services revenue grows 8.4% YoY

Leading technology services and consulting company, Wipro Ltd reported a Net Income of Rs 26.6 billion and Earnings Per Share of Rs 4.86, for the quarter ended September 30, 2022. As per the financial results for Q2 announced on Wednesday, IT Services Segment Revenue was at $2,797.7 million, an increase of 8.4 per cent YoY.

Nirmala Sitharaman USA Visit

Forthcoming budget to focus on growth, says Sitharaman

Speaking at an event organized by the Brookings Institute in Washington, during the course of her five-day US visit, the Finance Minister in a conversation with Cornell University’s Eswar Prasad, said on Tuesday that the focus of the forthcoming Union Budget would be on growth priority.