[ad_1] Indian equity markets showed strong performance last week, with analysts anticipating continued positive momentum. (AI image) Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, opened in red on Monday. While Nifty50 was near 25,000, BSE Sensex was above 82,200. At 9:16 AM, Nifty50 was trading at 25,000.45, down 19 points or…
[ad_1] Asian stock markets slid on Monday and the US dollar weakened after Moody’s downgraded the United States’ last remaining triple-A sovereign credit rating, triggering renewed investor concerns about Washington’s rising debt burden. Moody’s cut the rating from Aaa to Aa1, citing “the increase over more than a decade in government debt and interest payment…
[ad_1] The Cellular Operators Association of India (COAI) has launched a sharp attack on Mumbai Metro, accusing the public transport body of creating a “monopolistic and extortionate” environment for mobile network access within metro premises. The COAI alleges that instead of allowing telecom operators to install In-Building Solutions (IBS) directly, at their own cost, the…
[ad_1] Mohini Mohan Dutta and Ratan Tata MUMBAI: Mohini Mohan Dutta, a confidant of Ratan Tata and an erstwhile director at the Taj hotels group, has consented to the terms of the late industrialist’s will, which left him one-third of Tata’s residual estate valued at around Rs 588 crore.His consent expedites the process for the…
[ad_1] MUMBAI: The trading pattern of foreign fund managers, developments on India-US trade deal, direction of the rupee-dollar exchange rate after Moody’s downgrade of US’s credit rating on Saturday, and quarterly numbers from large corporates will dictate the direction of the domestic market in the new week.The previous week saw a strong rally in largecap…
[ad_1] CHENNAI: Despite reduction of unsold stock inventory and signs of recovery in the affordable housing segment, it has not enthused developers. Poor conversion rates, spiralling construction costs and unsustainable margins are posing a grave challenge to the affordable housing market.This has resulted in several developers keeping away from launching new projects in the segment….
[ad_1] Byju Raveendran (File photo) BENGALURU: Byju’s founder, Byju Raveendran, outlined plans for what he described as a major reboot of the embattled edtech company, centred around AI-powered personalised learning and a renewed focus on mission-driven education. In a wide-ranging interview on ANI’s podcast with Smita Prakash, Raveendran addressed controversies around his leadership and financial…
[ad_1] BENGALURU: India is experiencing an uptick in mid-market global capability centres (GCCs). The country witnessed over 140 greenfield GCCs come up during the past 30 months, according to data from HR consultancy firm Xpheno’s research. These GCCs initially planned for 70,000 positions, with individual centres targeting between 50 to 3,000 roles.A recent Nasscom-Zinnov report…
[ad_1] Zoho founder Sridhar Vembu BENGALURU: Zoho founder and CEO Sridhar Vembu cautioned software professionals against assuming continued dominance in the job market, warning that emerging technologies like large language models (LLMs) and advanced development tooling could “destroy a lot of software jobs.” In a post on X, Vembu said, “The fact that software engineers…
[ad_1] NEW DELHI: Indian govt’s retaliatory move to restrict import of ready-made garments (RMG) from Bangladesh via the land route is expected to increase logistics costs and transit time for the products which account for around a third of shipments from India’s neighbour in the east.While it takes only two-three days for apparel produced in…