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| 26 July, 2022, 10:32 AM IST | Print Edition
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MOST VIEWED BUSINESS NEWS

Last updated on 26 Jul,2022 10:32 AM Refresh

 * A recession in the United States will also come to India’s tech hub18 Hours
   agoLook closer at the financial results of IT firms, and you’ll see signs of
   stagflation in plummeting profitability. Infosys managed to boost rupee
   earnings by just over 3% from a year earlier in the June quarter, even with
   nearly 24% revenue growth. A 20% EBIT margin — earnings before interest and
   tax as percentage of revenue — is a 3.6 percentage point drop year on year.
 * On this day in 1991: A landmark budget that changed India's fortunes1 Day
   agoAfter decades of growing at a meagre 3.5% per year, India took a few
   decisions that forever changed the lives of Indians as the country embarked
   upon a new journey. On this day 31 years ago, i.e., July 24 1991, Manmohan
   Singh, the then finance minister of India, presented a landmark budget,
   ushering in a new dawn for the Indian economy.
 * Banks question transfer of funds by NRIs via LLP route22 Hours agoThe use of
   limited liability partnership (LLP) vehicles by NRIs to repatriate funds
   overseas has come under the scrutiny of large domestic banks where these
   individuals have non-resident ordinary (NRO) account.
 * Vivo ‘laundering’ an attempt to threaten integrity, sovereignty of nation:
   ED23 Hours agoIn an affidavit filed late last week, the federal agency
   informed the Delhi High Court that 22 companies related to the India unit of
   the Chinese company are being investigated for "suspicious" transfers to
   China. The agency alleged that the 22 companies are owned by foreign
   nationals or overseas entities based in Hong Kong.
 * L&T to sell 8 roads, transmission project to Edelweiss fund for Rs 7000
   crore23 Hours agoThe divestment is part of L&T’s asset-light strategy, which
   has seen the company exit several non-core assets. The L&T Infrastructure
   Development Projects Ltd (L&T IDPL) concessions have also been part of that
   list.






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 * * A recession in the United States will also come to India’s tech hub
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