New Delhi, April 3 (IANS) Sentiment towards India’s IT services sector has turned more bearish amid rising global uncertainties, although investors remain hesitant to take strong directional bets, a report said on Friday.BNP Paribas India said in its report that while uncertainty has increased, investors — particularly hedge funds — are avoiding clear market calls and are instead reducing exposure by trimming factor-based positions.The report noted that recent volatility, including rapid rev…
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New Delhi, April 2 (IANS) CPI-MLL MP Raja Ram Singh on Thursday condemned the reported mass layoffs by Oracle Corporation, asserting that “workers cannot be treated as expendable” and urging the government to take immediate action to protect employees’ rights and ensure accountability in the IT sector.In his letter addressed to Union Labour Minister Mansukh Mandaviya, Singh, who represents Bihar’s Karakat seat in the Lok Sabha, expressed “deep concern and outrage” over reports that the mul…
Mumbai, March 27 (IANS) Indian stock markets ended sharply lower on Friday, snapping a two-day winning streak, as uncertainty around ongoing talks between the United States, Israel and Iran unsettled investor sentiment.The benchmark indices saw heavy selling pressure throughout the session. The Nifty fell 2.09 per cent, or 486.85 points, to close at 22,819.60. Similarly, the Sensex dropped 2.25 per cent, or 1,690.25 points, to settle at 73,583.22.Commenting on Nifty outlook, experts said that te…
Mumbai, March 25 (IANS) Indian stock markets ended higher for the second straight session on Wednesday, supported by easing oil prices and positive global cues. Investor sentiment improved after US President Donald Trump reiterated that talks are ongoing to bring an end to the conflict in the Middle East.The benchmark indices saw strong gains, with the Nifty rising 1.72 per cent, or 392.70 points, to close at 23,306.45.The Sensex also advanced 1.63 per cent, or 1,205 points, to settle at 75,273….
Mumbai, March 20 (IANS) Domestic benchmark indices opened higher on Friday, rising over 1 per cent in early trade amid hopes of easing tensions in West Asia.Sensex opened at 74,559, up 352 points or 0.47 per cent, while Nifty started trading at 23,110, higher by 108 points or 0.47 per cent, according to exchange data.In early trade, the 30-share Sensex surged as much as 891 points, or 1.20 per cent, while the Nifty climbed 279.7 points, or 1.21 per cent, to 23,281.85. The strong gains were suppo…
New Delhi, March 12 (IANS) India has emerged as one of the most dynamic economic success stories of the 21st century, transforming from a developing nation into one of the world’s fastest-growing major economies, a report has said. Over the past two decades, strong economic expansion, rapid digitalisation and growing global influence have helped the country play an increasingly important role in shaping the global economy, a report by News.AZ.According to international financial institutions a…
New Delhi, March 9 (IANS) India’s IT sector faces a 14-16 per cent AI‑driven deflation but robust US corporate earnings in Q4 2025 and incremental investment could offset much of the hit, a report said on Monday.The report from HSBC Global Investment Research said these factors could lead to mid-single digit ‘net’ growth for some IT companies on a net basis.Top US corporate results (clients of Indian IT) remain robust in Q4 2025 and notably, the forward earnings expectations of the S&P 5…
Gandhinagar, March 3 (IANS) Gujarat has achieved full digital connectivity across its gram panchayats while expanding earthquake monitoring infrastructure to 110 seismic stations, as the state advances its technology-driven governance and research framework.In the current digital era, science-based thinking, innovation and technology-led administration have emerged as key drivers of development.In Gujarat, the integration of IT infrastructure, research institutions and e-governance platforms is …
Hyderabad, March 3 (IANS) Telangana successfully met record peak power demand of 18,139 MW, the highest in the state’s history, officials said on Tuesday. The state power utilities successfully met the record demand, registered at 11:01 a.m. on Tuesday, without any interruption. This marks the highest peak demand ever recorded in Telangana’s history, stated Deputy Chief Minister Mallu Bhatti Vikramarka, who is also the Minister for Energy.He congratulated the senior officials and the ent…
New Delhi, March 3 (IANS) Natarajan Chandrasekaran, Chairman of Tata Sons, on Tuesday expressed concern over the ongoing conflict involving the US, Israel and Iran, warning that a prolonged war in the Middle East could create wider global challenges. However, he clarified that there has been no direct impact on India or the Tata Group so far.Chandrasekaran was speaking to the media during his visit to Jamshedpur on the occasion of the 187th birth anniversary of Jamsetji Tata, founder of the Tata…