Gandhinagar, May 22 (IANS) Union Finance Minister Nirmala Sitharaman on Friday said India offers a unique blend of scale, technology, talent and growth opportunities through GIFT City, as she chaired a high-level review meeting on the progress of the country’s flagship international financial hub.During the meeting, presentations were made on the progress achieved by GIFT City across sectors including banking, capital markets, fund management, insurance and reinsurance, aircraft and ship leasi…
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New Delhi, May 18 (IANS) Markets will face pressure from rising rates and currency headwinds, impacting rate‑sensitive sectors such as banking, real estate and capital‑intensive industries, a report said on Monday.The report from Systematix Institutional Equities said as wholesale inflation surged in April and the rupee risks breaching Rs 100 and official CPI forecasts will soon touch 6 to 7 per cent.”The latest Rs 3 per litre fuel price hike, following the Prime Minister’s austerity appea…
New Delhi, May 1 (IANS) India’s white‑collar job market opened FY27 on a healthy note, up 6 per cent year‑on‑year led by growth in the insurance job market, a report said on Friday.The ‘Naukri JobSpeak’ saw its ‘Index’ reached 3,045 points in April, up 6 per cent year‑on‑year from 2,878 points. The three‑month moving average from February to April stood at 9 per cent year‑on‑year growth.Insurance led sectoral growth growing 21 per cent and BPO/ITES went up 15 per cent. Real…
New Delhi, April 21 (IANS) India’s financial services sector displayed inherent resilience in the first quarter of 2026, as deal activity normalised after strong activity in the previous quarter, despite geopolitical tensions arising from the US-Iran conflict, a report has said.As per the analysis by Grant Thornton Bharat, the industry recorded 61 deals worth $1.9 billion, showing a healthy consolidation phase. The report noted that in this figure, IPO and QIP transactions are excluded.While dea…
New Delhi, April 6 (IANS) Credit card spending in India grew 6 per cent year‑on‑year (YoY) in February 2026, a report said on Monday.However, on month-on-month basis, it eased to Rs 1,772 billion — a moderation of 11 per cent. The spending data indicated a slowdown in consumption momentum, largely driven by the top 4 banks, the report from Asit C. Mehta Investment Intermediates Limited said.Card issuance remained robust at 1.05 million new cards up 7.7 per cent YoY, hitting a 23-month high,…
New Delhi, April 1 (IANS) The flexible office space market of India has witnessed a sharp surge over the past eight years, with annual transaction volumes rising 8.4 times from 2.2 million sq ft in 2017 to 18.6 million sq ft in 2025 across the top eight cities, a report showed on Wednesday.The report by Knight Frank India highlighted that such growth indicated a compound annual growth rate (CAGR) of 30 per cent, significantly outpacing the broader office market, which grew at 9 per cent over the…
New Delhi, March 17 (IANS) India’s services sector, now contributing about $2.2 trillion to gross domestic product (GDP), is expected to grow to about $6 trillion by 2035, implying a compound annual growth rate (CAGR) of about 10.6 per cent, a report said on Tuesday.The huge surge will increase services’ share of GDP to nearly 60 per cent while it currently accounts for about 55 per cent of GDP, the report from OmniScience Capital said.The report highlighted the growing dominance of India’…
Mumbai, March 14 (IANS) Indian equity benchmarks lost nearly 6 per cent on a weekly basis, reflecting sustained selling pressure amid escalating geopolitical tensions in West Asia.Nifty dipped 5.31 per cent during the week and lost 2.06 per cent on the last trading day to reach 23,151. At close, Sensex was down 1,470 points or 1.93 per cent at 74,563. It advanced 5.52 per cent during the week.The sharp correction has largely been driven by the surge in crude oil prices and rising macroeconomic c…
New Delhi, March 9 (IANS) A sustained rise in crude oil prices due to the US-Iran war will benefit upstream oil exploration companies, energy infrastructure companies and select refineries while pressuring oil‑sensitive sectors such as aviation, paints, tyres, chemicals and logistics, a report said on Monday.Apart from these sectors, the report from Axis Securities recommended overweight positions also in defence and infrastructure, adding that stocks in less oil-sensitive sectors such as bank…
Mumbai, Feb 24 (IANS) Shares of IBM saw their sharpest single-day fall in more than 25 years after new fears emerged about how artificial intelligence could hurt one of the company’s most stable businesses.The stock dropped 13.2 per cent to close at $223.35, marking its biggest one-day decline since October 18, 2000.IBM’s shares are now down around 25 per cent so far this year as investors rethink how fast AI could change the economics of enterprise software and IT services.The sell-off was …