TREND | 14 Oct 2022

UK PM Liz Truss appoints Jeremy Hunt to replace sacked Chancellor Kwarteng

Business Standard

Embattled British Prime Minister Liz Truss on Friday appointed former Cabinet minister and party leadership contender Jeremy Hunt as her new Chancellor, after she sacked close friend Kwasi Kwarteng in an effort to stem the economic turmoil unleashed by his mini-budget. The Rt Hon Jeremy Hunt MP has been appointed Chancellor of the Exchequer, Downing Street tweeted. Hunt was himself in the race for the top job after Boris Johnson resigned in July, but threw his weight behind former Chancellor Rishi Sunak after he did not get enough Conservative Party members backing him in the leadership election. His appointment is seen as Truss' attempt at closing the widening divide within the Tories, with many of Sunak loyalists in open rebellion against her policies. In her letter to Kwarteng released on Twitter, Truss said she was sorry to lose him and indicates that she still believes in the broader economic vision laid out in the controversial mini-budget. We share the same vision for our ..

Watch: This can only happen in Bengaluru! Idli ATMs can now deliver meals with the push of a …

Business Today | 14 Oct 2022 2 more

Technology trends

TREND | 14 Oct 2022

SC clears decks for CCI probe into WhatsApp's 2021 privacy policy

Business Standard

The apex court cleared the decks for the regulator to further probe and reach finality in the case it initiated in March 2021 against WhatsApp for alleged abuse of dominance

WhatsApp users can edit messages soon. Here's how it will work

Business Line | 14 Oct 2022 5 more

Market Movement

TREND | 14 Oct 2022

Ex-DU Professor Saibaba suffered in jail for years due to UAPA, says Owaisi

Business Standard

: Former Delhi University Professor G N Saibaba suffered immensely in prison for years because of Unlawful Activities (Prevention) Act (UAPA), and his loved ones had to watch helplessly, AIMIM Chief Asaduddin Owaisi said on Friday. In a tweet, he said, Prof Saibaba suffered immensely in prison for years because of UAPA & his loved ones had to watch helplessly. UAPA is a monster created by the collaboration of BJP & Congress. Its victims are mostly innocent Muslims, Dalits, Adivasis & dissenters." More than eight years after his arrest, the Bombay High Court today acquitted Saibaba in an alleged Maoist links case for want of valid sanction for prosecution under the UAPA. Only three per cent of accused have been convicted under UAPA, but innocent people arrested under it remain in jail for years, Owaisi claimed in another tweet.

Deven Choksey released a Top Picks report for Market Movement on 01 Sep, 2025.

Saibaba's acquittal proves urban naxal tag by PM's brigade bogus: Congress

Business Standard | 14 Oct 2022 4 more

Indian Economy

TREND | 14 Oct 2022

A first in 9 weeks: foreign exchange reserves rise by $204 million

Business Standard

Analysts said there was an increase in the forex reserves, even as the RBI did not discontinue shielding the rupee from excessive volatility through sales of the dollar

Trendlyne Analysis released a Economy Update report for Indian Economy on 19 Aug, 2025.

Preserve foreign reserves to deal with worse outflows, turmoil in future, IMF tells countries

Business Line | 14 Oct 2022 3 more

Market Movement

TREND | 14 Oct 2022

Infosys shares jump 4% on strong quarterly earnings, net profit up 11%

Business Standard

Shares of Infosys climbed 4 per cent on Friday after the company posted better-than-expected 11 per cent rise in consolidated net profit for the September quarter and announced buyback of shares. Shares of the company went higher by 3.82 per cent to settle at Rs 1,474.05 on the BSE. During the day, it jumped 5.22 per cent to Rs 1,494. On the NSE, it climbed 4.02 per cent to end at Rs 1,477. It was the biggest gainer among the Sensex and Nifty components. The company's market valuation jumped Rs 22,878.82 crore to Rs 6,20,254.82 crore. In traded volume terms, 5.20 lakh shares of the company were traded on the BSE and over 1.49 crore shares on the NSE during the day. Other IT stocks like HCL Technologies and Tech Mahindra also ended higher. The 30-share BSE index jumped 684.64 points or 1.20 per cent to at 57,919.97 points. On Thursday, Infosys reported an 11 per cent rise in consolidated net profit at Rs 6,021 crore for the September quarter and announced buyback of shares worth

Deven Choksey released a Top Picks report for Market Movement on 01 Sep, 2025.