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Banking services in various Indian states will face disruptions due to ongoing holidays and approaching regional festivities. Customers are encouraged to consult their local bank schedules for specific closure dates. With Diwali and other major holidays looming in November, it's essential to anticipate possible delays during this festive period, especially for in-person banking, although many services remain available online.
In the latest quarterly results, Microsoft reported a remarkable 32 percent surge in net income, hitting $36.6 billion for the July-September period. The tech giant also unveiled a voluntary buyout plan affecting about 60,000 employees worldwide. Cloud revenue soared with Azure seeing a 48 percent boost, signifying strong market demand. However, the Devices and Consumer segment saw a 3 percent revenue dip.
Indian stock markets rallied sharply on Thursday, with the Sensex rising over 900 points to close at 74,151. The Nifty gained more than 1%, settling at 22,936.75, supported by positive corporate earnings and a firmer rupee. Crude oil prices eased slightly, providing relief to oil-importing India amid high inflation concerns. A broad-based buying interest was noted across sectors, particularly in realty and FMCG.
Investor risk-appetite improves, external challenges remain
Was Chandra as Tata Sons chairman not in the loop?