India’s IT services firms to grow 6-7 pc in FY27 in AI era: Report

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New Delhi, Sep 17 (IANS) The Indian IT services firms are expected to witness 5-6 per cent revenue growth next fiscal (FY27), which could mean 8-10 per cent growth in the volume of work, a report said on Wednesday.India’s IT firms are poised to benefit from a strong US macroeconomic backdrop, as their top American clients reported one of their strongest quarters in many years, the report from HSBC Global Investment Research said.Analysts at the research firm expected this momentum to lift corpor…

Stock market continues positive momentum ahead of Fed rate cut, bank stocks jump

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Mumbai, Sep 17 (IANS) Continuing the previous session’s gaining momentum, the Indian equities ended the session on a positive note on Wednesday amid buying in heavyweights like SBI, BEL and Maruti Suzuki.The market remained steady as investors remained cautiously optimistic following prolonged discussions between India and the United States on tariff-related issues.Sensex ended the session at 82,693.71, up 313 points or 0.38 per cent. The 30-share index opened with a decent gap-up at 82,506.40 a…

SAIL steel drives railway connectivity in northeast with Bairabi-Sairang project

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New Delhi, Sep 17 (IANS) Government-owned Steel Authority of India Ltd (SAIL) has supplied 15,000 metric tons of high-quality steel products for the 51-km-long Bairabi-Sairang railway project in Mizoram, according to a statement by the Maharatna company on Wednesday.SAIL has supplied approximately 10,000 metric tons of high-grade R-260 Prime rails from its flagship Bhilai Steel Plant. Additionally, it supplied approximately 5,000 metric tons of other essential steel products, including plates, T…

India's domestic consumption, GST reforms cushion US tariff impact: Report

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New Delhi, Sep 17 (IANS) The potential impact of US tariffs has been cushioned by India’s strong domestic fundamentals, robust domestic consumption and GST 2.0 reforms, a report said on Wednesday.GST reforms and front-loading of rate cuts by RBI will be supportive of India’s equity market growth and would help cushion it from external shocks, the report from Bank of Baroda said.Sensex grew by $66.5 billion in market capitalisation during 2025, despite the US tariff on Indian imports. Markets hav…

India to remain world’s fastest-growing major economy despite global uncertainty

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New Delhi, Sep 17 (IANS) Amid global market volatility, India’s growth is resilient and the country remains the world’s fastest-growing major economy, with its GDP forecast to continue growing 6.5 per cent this fiscal (FY26), S&P Global said on Wednesday.The positive outlook is being framed by the interplay of the nation’s domestic buffers and external challenges.”India’s growth performance with that of advanced economies shows that while past external shocks have caused short-term chall…

PM Modi is always keen on nation's economy and investment: Kumar Mangalam Birla

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New Delhi, Sep 17 (IANS) Prime Minister Narendra Modi always wants to know how the economy is doing and what should be done to get the private sector to invest more, Kumar Mangalam Birla, Chairman of the Aditya Birla Group, said. “He is also a very keen listener, so if he asks you a question, he will very patiently listen to what you have to say, absorb it,” Birla stated in a throwback video shared by the Aditya Birla Group to wish PM Modi on his 75th birthday on Wednesday. In the video, Kumar M…

MobiKwik fraud triggers demand for deeper probe into fintech platforms

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New Delhi, Sep 17 (IANS) A major fraud of around Rs 40 crore has raised serious concerns about the safety of fintech platforms after Gurugram Police arrested six people for exploiting a technical glitch in the MobiKwik app.The incident has triggered calls for a deeper investigation into why such glitches are frequently occurring, putting millions of users at risk.According to police, the glitch in the MobiKwik app allowed transactions to be recorded as successful even when users had insufficient…

Govt bond yields may dip 10 bps by November amid stable inflation, oil prices

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New Delhi, Sep 17 (IANS) Benchmark Indian bond yields are expected to ease slightly over the next three months, driven by favourable inflation data and stable oil prices, a report said on Wednesday. The 10-year government bond yield, which stood at 6.59 per cent on August 31, is expected to inch down to the 6.42 per cent-6.52 per cent range by the end of September and to 6.38 per cent-6.48 per cent by November end, said the report from research firm Crisil Intelligence.State development loan yie…

GST reforms to lower 3 kilowatts rooftop solar system prices by up to Rs 10,500

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New Delhi, Sep 17 (IANS) The GST rationalisation, which lower rates across the renewable energy value chain from 12 per cent to 5 per cent, will make rooftop solar systems more affordable for households, bringing down the price of a typical 3 kilowatts (kW) rooftop system by about Rs 9,000–10,500, the Ministry of New and Renewable Energy said on Wednesday.The move will make it easier for lakhs of families to adopt solar energy and accelerate large-scale uptake under the PM Surya Ghar: Muft Bij…

PM Modi should continue to serve when independent India turns 100: Mukesh Ambani

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New Delhi, Sep 17 (IANS) Prime Minister Narendra Modi should continue to serve when independent India turns 100, said industrialist Mukesh Ambani, while extending wishes on PM’s 75th birthday on Wednesday.Mukesh Ambani, the Chairman and Managing Director of Reliance Industries and Reliance Retail, lauded PM Modi for working tirelessly to transform India into a global superpower.“It is not a coincidence that Modi Ji’s Amrit Mahotsav is coming in Bharat’s Amrit Kaal. It is my deepest wish that…