Asian Markets Fall as US Inflation Spurs Rate Fears; Indian IT Majors Beat Estimates But Trim Guidance
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Asian markets follow Wall Street lower after latest US inflation data raises rate hike bets. Indian stocks snap 2-day gains as foreign investors sell shares.
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Infosys and HCL Technologies report higher quarterly revenue and profit but cut full-year guidance.
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India's September consumer inflation eases to 5.62%, a 3-month low. Wholesale inflation falls to 10.7%.
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RBI imposes Rs 5.39 crore penalty on Paytm Payments Bank for regulatory non-compliance.
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Ircon granted 'Navratna' status by the government. RITES also named a 'Navratna' company.
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