CNBC-TV18 speaks to former Finance Secretary DK Mittal and the former MD of Sundaram Finance TT Srinivasraghavan on the backdrop of the RBI barring Mahindra Finance from employing the services of third-party agents for any recovery or re-possession until further orders, following last week's Hazaribagh incident.
The energy crisis that the world is currently dealing with on account of the Russia-Ukraine war is going to create a ripple effect. Sumant Sinha, Chairman & CEO of ReNew Power believes this is making the whole energy transition even more complex than it was earlier
Weak global sentiment following the US Federal Reserve’s rate hikes roiled global markets and led to a sell off on Dalal Street. The Sensex and the Nifty lost 2 percent on Friday and turned negative for 2022.
The Sensex and the Nifty50 tanked almost two percent at the weakest levels of the day, erasing their entire gains for 2022. A slide in the rupee battered the financial pack. Globally, investors remained nervous about central banks' hawkishness in response to red-hot inflation.
Accenture has given a full-year revenue growth guidance of 8-11 percent in local currency terms. According to Nomura, which has a buy call each on Infosys, Tech Mahindra and Persistent, the guidance suggests moderation in demand for the sector.