Mumbai, April 22 (IANS) Indian equity benchmarks ended lower on Wednesday, snapping a three-day winning streak as weakness in IT stocks and global uncertainty weighed on sentiment. The decline came amid concerns over prolonged geopolitical tensions in West Asia following stalled talks between the United States and Iran.The Nifty closed 0.81 per cent, or 198.50 points lower, at 24,378.10, while the Sensex dropped 0.95 per cent, or 756.84 points, to settle at 78,516.49.Experts said that from a tec…
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Washington, April 16 (IANS) India’s deep pool of technology talent is emerging as a critical factor in the global race to build digital asset infrastructure, participants at a policy discussion have said.The discussion, held under Chatham House Rules on Wednesday (local time), highlighted India’s growing importance in the crypto ecosystem, driven by its large base of software developers and expanding digital capabilities.Participants said the shift towards digital assets — including stablec…
Mumbai, April 11 (IANS) Indian equity benchmarks closed in green for the second consecutive week, amid huge short covering due to the US-Iran ceasefire.Nifty gained 5.89 per cent during the week and added 1.16 per cent on the last trading day to reach 24,050. At close, the Sensex was up 918 points or 1.20 percent at 77,550. It gained 5.77 per cent during the week.Both indices showed strengthening momentum and improved investor confidence.Bank Nifty overperformed the broader market, closing at 55…
New Delhi, April 6 (IANS) Salary increments across India Inc are expected to remain largely stable in 2026, with average hikes projected at 9.1 per cent, slightly higher than the 9 per cent increase recorded in 2025, a new report said on Monday.The “Deloitte India Talent Outlook 2026” report by Deloitte, based on a survey conducted earlier this year across multiple sectors, indicated that companies are now settling into a steady pattern of annual pay increases after the sharp fluctuations se…
Mumbai, April 6 (IANS) Domestic equity markets opened on a mildly positive note on Monday, even as caution over a possible escalation in the Iran war capped gains after US President Donald Trump warned of “hell” if Tehran fails to meet his Tuesday deadline to reopen the Strait of Hormuz.However, early gains were short-lived. The 30-share Sensex declined by 150 points or 0.21 per cent to 73,168. Similarly, Nifty was trading at 22,670, down 42 points or 0.19 per cent in early trade, amid selli…
Mumbai, March 19 (IANS) Indian stock markets witnessed a sharp fall on Thursday over rising global tensions and a sudden spike in oil prices, as the ongoing conflict involving the US, Israel and Iran disrupted key energy infrastructure.The benchmark indices, Nifty and Sensex, ended the session with steep losses as both indices logged their steepest single-day fall in nearly two years.The Nifty dropped 775.65 points, or 3.26 per cent, to close at 23,002.15, while the Sensex fell 2,496.89 points, …
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’…
New Delhi, March 11 (IANS) India is approaching towards ‘top pick’ in Asia‑Pacific private markets, providing global investors scale and resilience as activity in the Asia-Pacific slows, according to a report.According to an analysis by McKinsey & Company highlighted that about 31 per cent of the more than 50 limited partners surveyed ranked India first and 76 per cent placed it in their top three picks.This indicates a shift in regional capital flows as investors reassess Asia and loo…
New Delhi, Feb 23 (IANS) Corporate India is expected to roll out an average salary increase of 9.1 per cent in 2026, with Global Capability Centres (GCCs) leading the growth in pay, a new report said on Monday.GCCs are expected to offer the highest increments at 10.4 per cent, driven by strong global demand for digital and technology capabilities, according to the latest Future of Pay report by EY India.The financial services sector is likely to see salary hikes of around 10 per cent, followed b…
New Delhi, Feb 17 (IANS) Tech giant Infosys on Tuesday announced a partnership with US AI company Anthropic to develop and deliver advanced enterprise AI solutions across telecommunications, financial services, manufacturing, and software development sectors.The partnership will combine Infosys Topaz with Anthropic’s Claude models, including Claude Code, to automate complex workflows, accelerate software delivery and build agentic AI solutions across industries, Infosys said in a statement.The…