Sentiment gains from the US-India trade deal have faded as renewed AI-driven disruption fears weigh on risk appetite, with markets worrying that Indian IT firms dependent on the labour arbitrage model may face tougher competitive pressure than their Nasdaq peers.
It could be a rough road ahead for the sector as companies grapple with tepid volume growth and slowing consumption despite good monsoons and healthy food grain production. Image used for representational purpose only. Photograph: Mansi Thapliyal/Reuters Key Points Nifty
‘Except facilitating builders in default, it is not doing anything else. Better to just abolish this institution.’ Kindly note that this illustration generated using ChatGPT has only been posted for representational purposes. Key Points Himachal Pradesh government planned to
At the all-India level, NSO said, the number of weighted items has increased from 299 to 358 in CPI 2024, goods items increased from 259 to 308, and services items increased from 40 to 50. Illustration: Uttam Ghosh Key Points
Robust labour data has tempered expectations of an immediate rate reduction by the US Federal Reserve, which weighed on precious metals. Photograph: Arnd Wiegmann/Reuters Key Points In the global market, spot gold slipped $22.07 Silver fell sharply to $81.6 before
The idea of back-loading the target of fiscal consolidation is perhaps guided by the government’s desire to be prepared for any adverse developments in the coming year, points out A K Bhattacharya. IMAGE: Finance Minister Nirmala Sitharaman presents the Union
This surge was largely attributed to higher heating demand during the peak of North India’s cold wave on January 9. Image used for representation purpose only. Photograph: Vivek Prakash/Reuters Key Points Power demand is expected to grow 1.5 per cent
Domestic equities may enter a brief consolidation phase following this week’s strong rally driven by the US-India trade deal. Photograph: Francis Mascarenhas/Reuters Benchmark stock indices Sensex and Nifty closed on a flat note in a choppy session on Wednesday as
Forex traders said the rupee witnessed high volatility as the support from positive domestic equities and foreign fund inflows was negated by risk-off sentiments among investors. Illustration: Dominic Xavier/Rediff Key Points Rupee’s early gains hit a roadblock Rupee remains sensitive to
Alarmed by the digital fraud crisis, the Supreme Court has ordered the Centre to formulate a robust SOP, emphasising the need for banks to proactively prevent cybercrimes and protect vulnerable customers from digital arrest scams IMAGE: Kindly note that the
