Heavy sell-off in IT counters; Sensex ends up 79 points

Benchmark indices Sensex and Nifty ended marginally higher on Wednesday as a sharp decline in IT blue-chip stocks restricted the rally in the markets. Photograph: Shailesh Andrade/Reuters Key Points 50-share NSE Nifty went up by 48.45 points Sensex firms, Eternal,

Soft hiring trends keep Info Edge on back foot

The general hiring environment remained challenging, with global capability centres being the only bright spot. IMAGE: Info Edge Founder Sanjeev Bikhchandani. Illustration: Dominic Xavier/Rediff Key Points Realisations in the segment may remain under pressure Uncertainty in the US is affecting

India to restrict Russian oil buy, import only where…

The commitment to halt Russian oil purchases removes the additional 25 per cent punitive tariff earlier imposed, effectively lowering the applied US tariff on Indian exports to 18 per cent from 50 per cent. Image used only for representation. Photograph: Richard

Sensex surged 2,073 points, Nifty closed

Reduction of US tariffs on Indian goods from 50 per cent to 18 per cent enhances India’s competitive position among emerging markets. Photograph: Amit Dave/Reuters Key Points From the 30 Sensex firms, Adani Ports surged 9.12 per cent Prominent winners

Realty to get indirect push from Budget proposals

Companies like Anant Raj, Lodha, L&T Realty, DLF, Panchshil Realty, Rustomjee, the Hiranandani group, Mindspace Reit, and Adani Realty have entered the segment in recent years. Photograph: Kind courtesy CtrlSDatacenters/facebook.com Key Points Developers will view data centres as long-term, stable-yield assets

Strong demand boosts January sales of automakers

Utility vehicles — consisting Grand Vitara, Brezza, Ertiga, and XL6 — however, rose to 75,609 units last month as against 65,093 units a year ago. Photograph: Hamad I Mohammed/Reuters Key Points SUV Victoris achieved a milestone of 50,000 units in

FPIs withdraw Rs 36,000 cr in Jan amid global uncertainties

This continued selling pressure by FPIs reflects a combination of global and domestic drivers impacting foreign investor sentiment. Illustration: Dominic Xavier/Rediff Key Points The weakening rupee has also magnified the impact of outflows The key reasons for the FPIs sell-off

Apple hits record 28% value share in India

The success of the iPhone 16 series, coupled with aggressive financing schemes and trade-in offers, has pushed the Cupertino-based company to its highest-ever value share in the country. Photograph: Francis Mascarenhas/Reuters Key Points iPhone 16 ranked as the top-shipped model

India Inc lauds Budget for bold bets on AI, data centres

India Inc on Sunday hailed the Union Budget 2026-27 as a ‘structural shift’ in the country’s technology landscape, noting that the government is moving beyond fragmented pilots to build foundational layers where AI serves as a ‘horizontal enabler’ for the

With Nirmala Sitharaman In This Pic Are…

Finance Minister Nirmala Sitharaman, accompanied by Minister of State for Finance Pankaj Chaudhary and senior finance ministry officials, arrived at Parliament House for the presentation of the Union Budget 2026. We know what Mrs Sitharaman and Mr Chaudhary (who may