Mumbai, June 21 (IANS) The combined market valuation of nine of India’s 10 most-valued companies surged by Rs 2.15 lakh crore last week after a strong rally in domestic equities amid improving global risk sentiment.Among the top 10 firms, Bharti Airtel recorded the highest increase in market capitalisation, with its valuation rising by Rs 52,432.67 crore to Rs 11.63 lakh crore.State-owned Life Insurance Corporation of India (LIC) was the second-biggest gainer, adding Rs 51,675.23 crore to take i…
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Mumbai, June 20 (IANS) The Indian equity benchmarks posted second consecutive week of strong gains, over investor optimism about improved geopolitical situation following the US-Iran peace agreement, and decline in Brent crude prices.Nifty added 1.65 per cent during the week and lost 0.64 per cent on the last trading day to reach 24,013. At close, Sensex was down 607 points or 0.78 per cent at 76,802. It added 1.69 per cent during the week.Domestic markets witnessed consolidation on the last tra…
Mumbai, June 19 (IANS) Both the Indian indices ended lower in Friday’s session as IT shares dropped sharply following dismal sales and top-line outlook from their global peer Accenture.At the closing bell, the 50-share index Nifty was at 24,013.10, down by 155 points or 0.64 per cent. The Sensex followed suit and fell 0.78 per cent or 608 points to 76,802.90.Commenting on Nifty technical outlook, experts said that the 24,100–24,200 region continues to act as the immediate resistance zone.“…
New Delhi, June 19 (IANS) A cautious outlook from consulting firm Accenture has led to heightened selling in India’s information technology (IT) shares, and many mid-cap IT stocks have dipped further than 55 per cent correction seen in shares of Tata Consultancy Services.Tata Consultancy Services has tumbled nearly 55 per cent from its record high of Rs 4,592, while Wipro decreased 52 per cent, LTIMindtree declined 50 per cent and Infosys dipped 48 per cent from their respective peaks, a report …
Mumbai, June 19 (IANS) IT stocks came under selling pressure on Friday, with the Nifty IT index plunging more than 6 per cent after global technology services firm Accenture cut its revenue growth guidance and flagged a weaker demand environment, reigniting concerns over the pace of recovery in global technology spending.The technology index declined as much as 6.43 per cent or 1,831 points to hit an intraday low of 26,634.50 at around 10:25 am, making it the worst-performing sectoral index in e…
Mumbai, June 19 (IANS) Domestic equity markets opened lower on Friday after a recent rally, with IT stocks bearing the brunt of the selling pressure after global software services provider Accenture’s guidance cut triggered concerns over the sector’s growth outlook.Sensex opened at 76,852.86, down 0.71 per cent or over 500 points, while Nifty began the session at 23,991.20, declining 0.73 per cent or more than 150 points.Sector-wise, Nifty IT plunged nearly 6 per cent, while Nifty MidSmall IT &a…
Hyderabad, June 9 (IANS) Salesforce, the artificial intelligence customer relationship management (AI CRM) firm, on Tuesday announced a commitment to skill one million learners across India by 2030, as part of its broader push to build an AI-ready workforce in the country.The announcement coincides with the 10th anniversary of Salesforce India’s Centre of Excellence (CoE).The initiative aims to go beyond digital literacy and prepare India’s workforce for emerging AI-driven job roles, leverag…
New Delhi, April 28 (IANS) Bengaluru remains a prominent talent hub for India’s top companies hiring in the silicon valley of the country, followed closely by Hyderabad, a new report showed on Tuesday.Delhi, Mumbai, and Chennai also continue to be hiring hubs, where companies are looking for professionals who combine technical fluency with human skills like communication and problem‑solving – the capabilities AI cannot replace, according to the report by LinkedIn.Based on signals from the …
United Nations, April 2 (IANS) UN Secretary-General Antonio Guterres has appointed Shalini Bahuguna, who has worked on artificial intelligence (AI), as the resident coordinator in Papua New Guinea. Guterres’ Spokesperson Stephane Dujarric said on Wednesday (local time) that she brings decades of experience with international organisations. Resident coordinators are the highest-ranking UN officials in a country, leading the organisation’s teams working on UN programmes. Most recently, she worke…
Washington, March 6 (IANS) US lawmakers, on Friday, warned that the country’s workforce is facing an urgent skills shift as artificial intelligence (AI) rapidly reshapes jobs, with policymakers and industry leaders calling for faster, more practical training pathways to prepare workers for an AI-driven economy. At a House Education and Workforce subcommittee hearing, members from both parties said the current workforce system must adapt quickly to the speed of technological change.The discussion…