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BusinessPhoto: Mint MarketsInfosys has reduced its FY27 constant-currency revenue growth forecast to 1-2%, down from earlier estimates of 1.5-3% and 1.5-3.5%. The company cited a shift toward offshore delivery and exiting a deal as factors that could reduce growth by 1.8-2%. These updates were shared during its Q2FY27 results announcement.
Mint Markets·
BusinessPhoto: TOI BusinessGold and silver prices are expected to face challenges this week due to rising crude oil prices, which have renewed inflation worries. Analysts say the US Federal Reserve's upcoming policy decision will be crucial in determining whether bullion rates stabilize or continue to decline amid these inflation concerns.
TOI Business·
PoliticsPhoto: HT WorldUS President Donald Trump stated it is "decision time" regarding Iran, weighing whether to strike a deal or resume attacks amid rising Iranian and Houthi threats. He emphasized US control of the Hormuz Strait and said higher gas prices are a small price to prevent Iran from acquiring nuclear weapons. Trump confirmed US surveillance of Iran's nuclear sites and readiness to respond to any suspicious activity.
HT World·
BusinessPhoto: Deccan HeraldOil prices dropped on Monday after reaching near six-month highs last week due to ongoing attacks on Saudi Arabia. US crude futures fell 1.55% to $101.67 per barrel, while Brent crude dropped 1.34% to $115.16. Attacks by Houthis on Saudi oil facilities and airports continue, with Saudi Arabia intercepting missiles and drones. Partial airport operations have resumed despite ongoing threats.
Deccan Herald·
PoliticsPhoto: Aaj TakAlexander Vucic, Serbia's long-time powerful leader supported by Russian President Vladimir Putin, conceded defeat in the recent elections amid ongoing protests against his government. The student-led movement opposing Vucic's right-wing Serbian Progressive Party won a majority in the 250-seat parliament, marking a major political shift in the Balkans. Vucic ruled with near-complete control for 14 years but faced accusations of corruption and undermining democracy. Voter turnout was high amid tensions, with students gaining significant support.
Aaj Tak·
SciencePhoto: Hindu ScienceClaude Cohen-Tannoudji, the French physicist who pioneered techniques to cool atoms near absolute zero using laser light, died on October 22 at age 93. He won the Nobel Prize in Physics in 1997 for his work that revolutionized atomic manipulation and quantum studies. Cohen-Tannoudji also acknowledged contributions from an Indian physicist who passed away decades earlier, highlighting his ties to Indian physics.
Hindu Science·
Mint Markets·
Photo: Mint MarketsInfosys has reduced its FY27 constant-currency revenue growth forecast to 1-2%, down from earlier estimates of 1.5-3% and 1.5-3.5%. The company cited a shift toward offshore delivery and exiting a deal as factors that could reduce growth by 1.8-2%. These updates were shared during its Q2FY27 results announcement.
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