financetom
Economy
financetom
/
Economy
/
A week in review: Here are the top stories from this week
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
A week in review: Here are the top stories from this week
Oct 25, 2019 4:28 AM

A look back at some of our biggest and best stories from this week. In case you missed them, here's a recap:

BJP misses halfway mark in Haryana; spars with Shiv Sena in Maharashtra over CM post

In Maharashtra, the incumbent BJP and its alliance partner Shiv Sena may make history by forming the government for the second time in a row. BJP won 105 seats, while ally Shiv Sena got 56 seats. In the Opposition, the Congress took 44 constituencies and NCP bagged 54 seats. In Haryana, BJP has won 40 seats, six seats short of the majority mark. The Congress bagged 31 seats. Emerging as the kingmaker and the third-largest party Dushyant Chautala’s JJP has won 10 seats.

Shiv Sena's Aaditya Thackeray wins Worli, becomes first family member to enter Maharashtra Assembly

Shiv Sena leader Aaditya Thackeray, the first member of his family to take part in an election, has made a spectacular debut in the Maharashtra politics by winning the 2019 Assembly election with a margin of over 67,000 against his immediate rival. The 29-year-old Thackeray, who is also likely to play a key role in the next BJP-Shiv Sena alliance government, has won from Worli constituency. Yuva Sena leader Thackeray with 89,248 votes defeated his Nationalist Congress Party rival Suresh Mane, who has received 21,821 votes.

Sebi starts probe against Infosys over whistleblower charges

After two days of turmoil following a whistleblower complaint alleging financial irregularities, markets regulator Securities and Exchange Board of India (Sebi) has launched its probe into alleged non-disclosure of price-sensitive information by Infosys' management.

Infosys whistleblower complaint: Read full text of letters to board and US SEC against CEO, CFO

Infosys said it received whistleblower complaints that alleged "unethical practices" by its senior executives. The software services exporter issued a statement after an anonymous group sent letters to the board and the US Securities and Exchange Commission alleging that the company was taking "unethical" steps to boost short-term revenue and profit.

Indian Army destroys 4 terror launch pads in PoK in retaliatory attack

Four terror launch pads in Pakistan-occupied Kashmir (PoK) were hit and a number of terrorists killed in retaliatory artillery firing by India following the ceasefire violation by Pakistan in Jammu and Kashmir on Sunday, Army chief, General Bipin Rawat said.

Big setback for telecom firms as SC rejects definition of AGR

In a massive setback for Bharti Airtel, Vodafone-Idea and Reliance Communications, the Supreme Court on Thursday rejected the telecom companies' definition of Adjusted Gross Revenue (AGR). The government and the telecom companies were locked in a legal battle in the 14-year-old case over the definition of AGR, on the basis of which the telecom department calculates levies payable by companies.

Interview: Nobel economics winner Abhijit Banerjee

India-born Abhijit Banerjee won the 2019 Nobel Economics Prize on Monday along with fellow US-based economists Esther Duflo and Michael Kremer for their work on fighting poverty. The wife-husband duo of Duflo and Banerjee have helped millions of children by favouring practical steps over theory, according to the Royal Swedish Academy of Sciences. In an interview with CNBC-TV18, he talked about the state of the economy, taxation, AI and a raft of other topics.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Bitcoin Dips Below $98K as Strong U.S. Economic Data Leads to $300M of Crypto Liquidations
Bitcoin Dips Below $98K as Strong U.S. Economic Data Leads to $300M of Crypto Liquidations
Jan 7, 2025
Crypto ( CRCW ) markets stumbled with bitcoin (BTC) losing the $100,000 level on Tuesday U.S. morning as two stronger-than-expected U.S. economic data prints threw cold water on digital assets' bright early-year momentum. The Bureau of Labor Statistics' JOLTS job openings for November unexpectedly rose to 8.1 million from 7.8 million the previous month, easily topping analyst estimates for a...
US job openings increase in November; hiring falls
US job openings increase in November; hiring falls
Jan 7, 2025
WASHINGTON (Reuters) - U.S. job openings unexpectedly increased in November, but a softening in hiring pointed to a slowing labor market. Job openings, a measure of labor demand, rose 259,000 to 8.098 million by the last day of November, the Labor Department's Bureau of Labor Statistics said in its Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday....
Fed minutes may begin to show the hurdle to further rate cuts
Fed minutes may begin to show the hurdle to further rate cuts
Jan 8, 2025
WASHINGTON (Reuters) - Federal Reserve officials have been signaling that further interest rate cuts are on hold for now given slowed progress on inflation and a still-strong U.S. economy, but minutes from the central bank's December meeting may show just how deeply that sentiment is shared among policymakers facing a newly uncertain economic environment under the incoming Trump administration. After...
Fitch warns of US debt-ceiling stalemate despite Republican-controlled government
Fitch warns of US debt-ceiling stalemate despite Republican-controlled government
Jan 7, 2025
NEW YORK (Reuters) - A unified government under President-elect Donald Trump is unlikely to lead to a quick resolution of the U.S. debt-ceiling debate given a narrow Republican House majority and continued disagreements within the party on spending policies, said ratings agency Fitch. As part of a 2023 budget agreement, Congress temporarily lifted the debt ceiling until Jan. 1, 2025....
Copyright 2023-2026 - www.financetom.com All Rights Reserved