5 Design Books That Are Easy on the Eyes
These new books explore the nonessential but delightful pursuit of the ornamental.
By Eve M. Kahn
Infosys Springboard to offer digital reskilling to over 10 million people by 2025
Springboard offered a virtual platform to deliver corporate-grade learning experiences for learners, ranging from school and college students to professionals
Tech firm Infosys launched Infosys Springboard to accelerate its digital reskilling initiatives and expand it to over 10 million students and professionals by 2025.
Initiated under the company’s CSR, Infosys Springboard offered a virtual platform to deliver corporate-grade learning experiences for learners, ranging from school and college students to professionals and adults. Such training alongside formal education would help further accelerate digital reskilling initiatives in the country, said the company in a statement.
Nearly 4,00,000 learners and over 300 education institutions, NGOs and support groups were already part of this initiative, it said.
“The pandemic has underscored the urgent need for accessible instruments of digital learning for people from all walks of life. Infosys Springboard is a significant investment to help deliver on our ongoing ESG commitment to bridge the digital divide as we move into the future,” said Nilanjan Roy, Chief Financial Officer at Infosys.
In pictures: Ida tears through New York City.
Gold slips by ₹ 28; silver jumps ₹ 279
Gold prices in the national capital on Thursday slipped by ₹ 28 to ₹ 46,193 per 10 grams amid rupee appreciation, according to HDFC Securities.
In the previous trade, the precious metal had closed at ₹ 46,221 per 10 grams.
Silver gained ₹ 279 to ₹ 62,650 per kg, from ₹ 62,371 per kg in the previous trade.
The Indian rupee appreciated 6 paise to 73.02 against the U.S. dollar in opening trade on Thursday.
In the global market, gold was marginally higher at $ 1,814 per ounce and silver was flat at $ 24.17 per ounce.
"Spot gold prices at COMEX (New York-based commodity exchange) were trading marginally up at USD 1,814 per ounce on Thursday. Gold prices hovered in upper trading range on mixed global cues," said HDFC Securities Senior Analyst (Commodities) Tapan Patel.
BRP Q2 Profit Climbs, Lifts FY22 View – Quick Facts
BRP Inc. (DOO.TO, DOOO), a Canadian maker of powersports vehicles, propulsion systems and boats, reported Thursday that its second-quarter net income surged to C$212.9 million from last year’s C$126.1 million.
Earnings per share were C$2.46, higher than prior year’s C$1.43.
Normalized net income was C$249.5 million, compared to C$100.9 million last year. Normalized earnings per share were C$2.89, compared to last year’s C$1.14.
Revenues of C$1.90 billion increased 54 percent from C$1.23 billion a year ago.
Normalized EBITDA of C$415 million grew 94 percent compared to the same period last year
Looking ahead, the company increased annual guidance for normalized earnings per share, now expecting C$8.25 to C$9.75, a growth of 53 percent to 81 percent compared to last year. The previous guidance was C$7.75 to C$8.50.
Further, the company has expanded its fiscal 2022 revenue guidance range, now expecting growth between 27 percent to 35 percent when compared to FY21. Previously, the growth was expected to be 28 percent to 33 percent.
Normalized EBITDA is now expected to up 30 percent to 47 percent, compared to previously expected 27 percent to 35 percent.
Rupee edges 2 paise higher at 73.06 against U.S. dollar
The local unit opened at 73.04 against the greenback and witnessed an intra-day high of 72.96 and a low of 73.13.
The Indian rupee settled with a marginal gain of 2 paise at 73.06 (provisional) against the U.S. dollar on Thursday despite a sustained rally in domestic equities.
At the interbank Forex market, the local unit opened at 73.04 against the greenback and witnessed an intra-day high of 72.96 and a low of 73.13.
It finally ended at 73.06 against the American currency, registering a gain of just 2 paise over its previous close.
On Wednesday, the rupee had settled at 73.08 against the U.S. dollar.
On the domestic equity market front, the BSE Sensex ended 514.33 points or 0.90% higher at a lifetime high of 57,852.54, while the broader NSE Nifty advanced 156.90 points or 0.92% to close at record 17,233.15.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.06% to 92.39.
Brent crude futures, the global oil benchmark, rose 0.32% to $71.82 per barrel.
Foreign institutional investors were net buyers in the capital market on Wednesday as they purchased shares worth ₹666.66 crore, as per exchange data.
Treasury yields move lower ahead of initial jobless claims
U.S. government debt prices moved higher on Thursday morning as investors awaited new jobless claims figures.
At around 5 a.m. ET, the yield on the benchmark 10-year Treasury note moved 50 basis points lower to 1.2970% and the yield on the 30-year Treasury bond also dropped about 16 basis points to trade at 1.9174%. Yields move inversely to prices.
This comes after disappointing employment data on Wednesday. Treasury yields turned flat off the back of the data showing fewer jobs were created in August in the U.S. than expected.
These moves also anticipate new labor data releases on Thursday, including initial jobless claims, productivity and unit labor costs at 8:30 a.m. ET. There will also be new factory orders out at 10 a.m. ET.
Market players are also monitoring comments from Fed officials with Atlanta Fed Pres. Raphael Bostic due to speak at 10 a.m. ET and San Francisco Fed President Mary Daly addressing an audience at 3 p.m. ET.