MODI

PM MODI SET TO LEAVE FOR BRAZIL TO ATTEND BRICS SUMMIT

ANM News Desk: Prime Minister Narendra Modi will leave for Brasilia Tuesday afternoon to attend 11th BRICS summit. The theme of the BRICS summit this year is “Economic Growth for an Innovative Future”.

MODI

INDIA WILL BE A 5 TRILLION DOLLAR ECONOMY IN THE NEXT 5 YEARS: PM MODI

ANM News Desk: Prime Minister Narendra Modi has established his government’s resolve to make India a five trillion dollar economy in next five years while addressing the Future Investment Initiative (FII) in Riyadh.

MODI

PM MODI CALLS FOR FOREIGN INVESTMENTS IN INDIA

ANM News Desk: Prime Minister Narendra Modi was in Saudi Arabia attending the Future Investment Initiative (FII). He called on global investors to benefit from India’s vibrant start-up ecosystem that, quoting it to be the third-largest in the world, adding that he firmly believes that any investment in India’s innovation sector would yield huge returns.

INFOSYS

INFOSYS CEO ACCUSED OF ALLEGED ‘UNETHICAL PRACTICES’ FOR BOOSTING PROFITS

ANM News Desk: Shares of Infosys tanked 16 percent on October 22 after a whistleblower complaint alleged “unethical practices” by its top executives to boost the Indian software giant’s profits and revenue. The fall in the early trade on October 22 was the biggest single day drop in the last six years for Infosys.

A group of Infosys employees have anonymously written to the US Securities and Exchange Commission (SEC), alleging that the IT major took unethical measures to boost profits and short-term revenue.

The employees have allegedly accused chief executive officer Salil Parekh of bypassing reviews and approvals of large deals.

WORLD BANK

WORLD BANK PREDICTS INDIA’S ECONOMIC GROWTH TO DIP BY 6%

ANM News Desk:, According to the World Bank, India’s growth rate is projected to fall to 6 per cent.

In 2018-19, the growth rate of the country stood at 6.9 per cent.

However, the bank in its latest edition of the South Asia Economic Focus mentioned that India was expected to gradually recover to 6.9 per cent in 2021 and 7.2 per cent in 2022 as it assumed that the monetary stance would remain accommodative, given benign price dynamics.

ENG

ANM NEWS INTERACTS WITH LIC ZONAL MANAGER MR. BHAGAT, AIMING AT SERVING EVERY SOCIAL STRATA OF THE COUNTRY

Monisha Mondal, Kolkata: ANM News had the opportunity to interact with the East Zonal Manager of LIC, Mr. Dinesh Bhagat. Speaking regarding the growth of the insurance company, Mr. Bhagat said “There is lot of potential as per the insurance sector is concerned” adding that the public is much receptivity regarding insurance in the recent years due to increasing awareness.

Mr. Dinesh Bhagat also elaborated the variety of schemes of the Life Insurance Corporation of India including plans for children, senior citizens, pensioners among many others.

Speaking regarding the rising inflation and ways of dealing with low incomers, Mr. Bhagat said, “We have agents for all segments of the society” adding that an LIC agent is ready to aid anywhere in the country, “from Kashmir to Kanyakumari.”

JK

FICCI AIMS AT CREATING BUSINESS OPPORTUNITIES IN J&K

ANM News Desk: The Federation of Indian Chambers of Commerce and Industry (FICCI), one of the leading industry bodies in the country, has said that it will create a mechanism for businesses from across the country to look at Jammu & Kashmir (J&K) as well as Ladakh as attractive investment destinations.

WHATSAPP

WHATSAPP TO ROLL OUT PAYMENT SERVICES IN INDIA LATER THIS YEAR

ANM News Desk: WhatsApp global head Will Cathcart confirmed that the popular messaging platform would launch a payments service in India later this year. WhatsApp began testing of its payment system last year with one million users in the country. The messaging platform currently has over 400 million users in the country.

MICROSOFT

MICROSOFT TO PAY $25 MILLION TO SETTLE CORRUPTION CHARGES

ANM News Desk: Microsoft is paying more than $25 million to settle federal corruption charges involving a bribery scheme in Hungary and other foreign offices.

The U.S. Securities and Exchange Commission said Microsoft will pay about $16.6 million to settle charges that it violated the Foreign Corrupt Practices Act.

NIRMALA

UNION BUDGET 2019: FINANCE MINISTER ASSURES ELECTRICITY FOR ALL BY 2022, FOCUSES ON WELL BEING OF FARMERS

ANM News Desk: Appreciating farmers’ efforts in production of pulses, Finance Minister Nirmala Sitharaman stated that the government hopes they will exhibit similar performance in oilseeds as well. The government will work to ensure farmers enjoy the benefits of e-nam  Ease of business and living should apply to farmers too, she says.