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⭐ TCS CEO quits
The IT service provider said its managing director (MD) and chief executive officer (CEO) Rajesh Gopinathan has resigned from the company. K Krithivasan has been appointed the new CEO designate of the company.
⭐ Britannia’s croissant sales crosses ₹100 crore
Biscuit maker announced that its Treat croissant business had crossed ₹100 crore in revenue within a year of its launch. According to management, the company is now targeting a sales revenue of ₹300 crore in the next three years.
⭐ Microfinance loans see robust growth
As per new industry data, the gross loan portfolio of the microfinance industry grew by over 25% YoY to ₹3.2 lakh crore during the third quarter of FY23. Microfinance companies give small loans to low-income groups and source their funds from banks to do business. According to experts, growth in microfinance loans is an encouraging sign for the Indian economy.
Global markets (at 10:00 AM today)
| Indices | Today's movement |
| SGX Nifty | ▲ 0.65% |
| Nikkei 225 (Japan) | ▲ 1.18% |
| Hang Seng (Hong Kong) | ▲ 1.82% |
| SSE Composite (China) | ▲ 1.56% |
| Dow Jones (US) (March 16) | ▲ 1.17% |
| NYSE (US) (March 16) | ▲ 1.0% |
| Nasdaq (US) (March 16) | ▲ 2.48% |
| S&P 500 (US) (March 16) | ▲ 1.76% |
Fact of the day
DLF sold 1,137 flats priced ₹7 crore and above within three days at its Gurugram project.
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