Buy or sell: Over the past three weeks, the Nifty 50 Index has exhibited a robust recovery, primarily driven by strong buying activity from Foreign Institutional Investors (FIIs), who have collectively infused nearby ā¹25,000 crore into the cash market. However, this momentum faced a setback last week, as Institutional Investors (IIs) pulled out ā¹11,591 crore…
Eight of India’s ten most valuable companies collectively lost ā¹1.60 lakh crore in market value last week, with Reliance Industries suffering the largest decline amid a broader market downturn. The BSE benchmark index fell by 1,047.52 points, or 1.30%, during the week. Reliance Industries, HDFC Bank, Tata Consultancy Services (TCS), Bharti Airtel, ICICI Bank, State…
Hereās a quick look at stocks likely to be in focus in today’s trade. Tata Consultancy Services IT services company TCS has collaborated with Vantage Towers, Europeās second-largest telecom tower operator, to introduce a digital service platform. This partnership seeks to optimize service processes for property owners, improve retention, and reinforce telecom site partnerships for…
On Monday, Nasscom said the IT industry should end with $283 billion in revenue in FY25, which would mean a 5.1% growth from the year-ago period. Surprisingly, for the first time in a quarter of a century, it revised its FY24 revenue estimate from the $253.9 billion set in September to $268.8 billion. Nasscom also…
Looking at 2005-20, the McKinsey Global Institute (MGI) evaluated 12 high-growth, dynamic industries that did the most to reshape the global economy in these years. MGI then looked at future āarenas of competitionā that are most likely to drive outsized growth for companies over the next two decades: e-commerce, cloud services, artificial intelligence (AI), semiconductors,…
Riyadh, Jan 30 (PTI) Terming generative AI a “pivotal point” in human evolution, a top official of an Indian technology bellwether here said the advent of artificial intelligence will for the “first-time” impact knowledge workers and thus human skills will have to be upgraded commensurately to stay relevant in this fast-changing scenario. In an exclusive…
The combined market capitalization of five of the top-10 most-valued companies fell by ā¹1,85,952.31 crore last week, with HDFC Bank experiencing the largest decline, aligning with a weak trend in the domestic stock market. During the same period, the BSE Sensex dropped 1,844.2 points (2.32 per cent), while the Nifty index shed 573.25 points (2.38…
Tata Consultancy Services Ltd (TCS) delivered what the Street had been eagerly awaitingāan optimistic demand outlook. The management of the IT services major highlighted early signs of recovery in discretionary demand across key sectors such as banking, financial services and insurance (BFSI), and consumer, during its December quarter (Q3FY25) earnings call. Additionally, decision-making for smaller…
The market valuation of eight out of the top ten most valuable companies in India saw a significant increase last week, adding a total of ā¹1,53,019.32 crore. Bharti Airtel, along with IT giants Infosys and Tata Consultancy Services (TCS), emerged as the biggest beneficiaries, reflecting a strong rally in the equity markets, on August 30,…
Indian stock market: The domestic market closed higher on Wednesday, supported by mostly positive global signals ahead of the Jackson Hole Economic Symposium. The Nifty 50 opened 18 points lower at 24,680.55, down from its previous close of 24,698.85. However, the index ended the day 71 points higher, or a gain of 0.29 percent, closing…
