Daily Archives: July 13, 2019

Ancient harp strums a new tune

Semsemia, which is made of beechwood with steel strings, has Pharaonic roots When Mohamed Ghaly’s workshop was reduced to rubble in February, he could never imagine that a new cultural centre dedicated to an instrument with Pharaonic roots would thrive just months later. The semsemia, similar to a harp and …

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CEA for balanced tapping into domestic, foreign savings

Cautions against over-reliance on foreign currency debt Chief Economic Adviser Krishnamurthy Subramanian on Friday sought to caution against a more-thannecessary reliance on foreign savings as a trigger for accelerating economic growth through more investments. “If we have to invest for triggering a virtuous cycle, we need to tap into savings… …

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Centre has no discretion in allocating disaster relief: FM

‘Contribution to States on basis of Finance panel’s formula’ The government has no discretion in deciding the quantum of support each State gets for disaster relief, Finance Minister Nirmala Sitharaman informed the Rajya Sabha, adding that the contribution is set by a formula according to the recommendations of the Finance …

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Infosys raises revenue outlook; deal wins spur Q1 revenue

Tech bellwether’s digital transformation business records 42% growth; net profit grows 5.2% to Rs. 3,802 crore Tech bellwether Infosys has posted ‘encouraging’ first quarter revenue numbers on the back of strong deal wins and robust growth in its digital transformation business. Buoyed by these, the company has revised its revenue …

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