Infosys Q3 net profit up 23.7% and 6 other top business stories of 10th January 2019

New Delhi, Jan 10: Following are the top business stories of 10th January 2019, Friday.

Infosys Q3 net up 23.7% at Rs 4466 cr; raises FY20 revenue outlook to 10-10.5%: Country's second-largest IT services major Infosys on Friday reported a 23.7 per cent rise in consolidated net profit at Rs 4,466 crore for the December quarter.

SIAM 2019 witnesses worst-ever decline in auto sales: The automobile industry recorded its worst-ever sales decline in two decades in 2019, with an unprecedented slowdown hampering vehicle offtake across segments, according to industry body SIAM.

Industrial production grows 1.8 pc in Nov: The industrial output grew 1.8 per cent in November, turning positive after three months of contraction, on account of growth in the manufacturing sector, showed government data on Friday.

Rupee logs 4th straight gains, spurts 27 paise against USD: The Indian rupee continued its winning run for fourth session in a row, soaring 27 paise to settle at 70.94 to the US dollar as softening crude oil prices lifted forex market sentiments.

Markets remain upbeat as Mideast tensions recede; earnings in focus: Equity markets closed in the green for the second straight day on Friday as investors looked beyond geopolitical turbulence and wagered on a positive start to the earnings season.

Trai's latest tariff order to stifle content creation, hit growth: In an unprecedented move, top honchos from fiercely competitive TV broadcast industry on Friday came together against regulator Trai's new tariff order on Friday, saying pricing caps on channels will stifle content creation, impact jobs and pull down growth.

Yes Bank independent director Uttam Agarwal resigns: Yes Bank's independent director Uttam Prakash Agarwal has resigned citing "serious concerns" on "deteriorating practices" and the state of affairs at the private sector lender.