## A Day of Contrasting Headlines: Business Booms, Tragedy Strikes, and Cricket Faces Disaster
Thursday, October 17th, 2024
, was a day of mixed emotions across the world. The business world saw positive developments with impressive financial reports from tech giants Infosys and Wipro. But tragedy struck on the Mumbai-Pune Expressway, and the Indian cricket team faced a crushing defeat in their home Test match. Let’s delve into the details of these top news stories:Infosys & Wipro Shine with Strong Q2 Results
The Indian IT sector is on a roll, with two of its biggest players, Infosys and Wipro, reporting strong financial performances for the July-September quarter (Q2FY25).
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Infosys
announced a 4.7% increase in net profit to ₹ 6,506 crore, compared to ₹ 6,212 crore in the corresponding period last year. Their revenue from operations also saw a 5.1% rise, reaching ₹ 40,958 crore. CEO Salil Parekh attributed the growth to strong momentum in the financial services sector and the company’s robust capabilities in cloud and generative AI.*
Wipro
also reported impressive results, posting a 21% surge in net profit to ₹ 3,209 crore. This was significantly higher than the ₹ 2,646 crore profit recorded in the same period last year. In addition to the impressive financials, Wipro announced a 1:1 bonus share issue for shareholders, further boosting investor confidence.Tragic Bus Accident on Mumbai-Pune Expressway
The Mumbai-Pune Expressway, notorious for its high accident rate, was the site of another tragic incident on Thursday. A bus traveling from Kolhapur to Borivali in Mumbai collided with an unidentified container truck near Lonavala, resulting in injuries to 23 passengers. Eleven passengers sustained serious injuries, while the rest suffered minor injuries. The police suspect that the bus driver may have fallen asleep at the wheel, causing the vehicle to rear-end the heavy vehicle.
Bahraich Encounter Leaves Two Suspects Injured
In a dramatic encounter, the Uttar Pradesh Police shot two suspects, identified as Sarfaraz and Talib, in the Bahraich violence case. The two suspects were attempting to flee to Nepal when they were apprehended. According to the police, five individuals were arrested in connection with the case, and during a search for the murder weapon, Sarfaraz and Talib fired upon the police. In self-defense, the police retaliated, injuring the two suspects. They are currently undergoing treatment and are alive. Three other accused have been arrested, and a search continues for the remaining suspects.
India’s Lowest Score in Test History – Rohit Sharma Takes Responsibility
In a devastating blow to Indian cricket, the team was bowled out for a paltry 46 runs on the second day of the first Test against New Zealand at the Chinnaswamy Stadium. This was India’s lowest ever innings total in a home Test. Captain Rohit Sharma took full responsibility for the disastrous performance, admitting that he misjudged the pitch conditions. While still hoping to salvage the match, he acknowledged the painful nature of the defeat. New Zealand’s bowlers, Mark Henry and William O’Rourke, were the architects of India’s downfall, sharing nine wickets between them.
