Sat, Jun 3, 2023 3:39 PM
Apple To Launch More Stores In India To Strengthen Presence
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The Indian rupee depreciated 17 paise against the USD to 83.60, due to the strength of the American currency and high crude oil prices, but was supported by a firm trend in domestic equities. The rupee may trade with a slight negative bias due to dollar demand and elevated crude oil prices. The dollar index rose 0.22% to 105.83, and Brent crude futures increased 0.80% to USD 85.69 per barrel.
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India's aviation industry, expected to experience significant growth, must prioritize sustainability to meet the country's 2070 carbon neutrality pledge. A report by CEEW forecasts domestic air travel to dominate India's CO2 emissions by 2050. To address this, the International Civil Aviation Organisation has identified four areas for action.
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Zscaler's share price surged after the company's fiscal Q3 earnings report, which showed a 32% year-over-year revenue increase to $553.2 million, extending its streak of double-digit sales growth. The company also reported strong free cash flow growth, a solid balance sheet with $2.2 billion in cash and equivalents, and its first profitable quarter with a net income of $19.1 million.
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