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Rupee climbs to 5-week high on dollar inflows, breaches key level
The Indian rupee rose to an over one-month high against the U.S. currency on Tuesday, spurred by foreign inflows into local debt and equity markets.
The rupee closed at 79.1475 per U.S. dollar, compared with the previous close of 79.5225, notching up its best session this month. Read more
FM Sitharaman asks India Inc why it is hesitant to invest in manufacturing
Finance Minister Nirmala Sitharaman on Tuesday sought to know from industry what is holding it back from investing in manufacturing, even though foreign investors show confidence in India.
Drawing parallel between India Inc and mythological character ‘Hanuman’, Sitharaman said the government is willing to engage with the industry and take policy action. Read more
Essential medicines list updated, adds 34 new drugs and drops 26
As many as 34 new drugs were added and 26 dropped from an updated list of essential medicines that will lead to prices being fixed, said the government on Tuesday.
The National List of Essential Medicines (NLEM 2022) has 384 drugs, up from 376 covered in 2015. Read more
‘No Double Lives’: Infosys email warns employees against moonlighting
IT services firm Infosys has warned employees it will not allow moonlighting and violations may lead to termination, mailing them about rules days after Wipro chairman Rishad Premji called the trend “cheating–plain and simple”.
Bengaluru-based Infosys sent an email to employees titled “No Double Lives” and said: “…dual employment is not permitted as per the Employee Handbook and the Code of Conduct.” Read more
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