Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Layoff looms as Tech industry sheds over 1 lakh jobs in first half of 2026 amid AI-led cost cuts
Companies like Cloudflare, Cisco, and LinkedIn are also reducing staff, driven by AI and automation's growing influence on operations.
AI Is Trimming Tech Cost But Hitting Hiring Volumes As Well, Says Fractal CEO
Srikanth Velamakanni says AI cuts tech costs but slows entry-level hiring in India.
Nasdaq jumps over 1% as investors return to tech stocks
The Nasdaq led gains at the open as investors returned to technology stocks amid easing geopolitical tensions. Focus now shifts to the June nonfarm payrolls report, a key gauge for future Fed policy.
US futures climb, led by tech, as markets eye Iran developments
Wall Street futures traded higher after reports of a pause in US-Iran hostilities boosted risk appetite and sparked a rebound in tech stocks. Investors are also awaiting the June nonfarm payrolls data later this week.
Tech Mahindra To Deploy Perplexity AI Across Sales, Customer-Facing Teams
The integration of 'Perplexity Enterprise Pro' aims to equip senior sales leaders and customer partners with intelligent tools to research customer priorities efficiently.
New Axis? How Israeli Defence Majors 'Supplied' Advanced Tech To Saudi Arabia, Qatar
The report also cited details from the 2017 US-Qatar agreement for the purchase of F-15QA Ababil fighter jets.
US stock market today: S&P 500, Nasdaq futures jump as investors buy the tech dip; oil near 4-month low - Mint
US stock market today: S&P 500, Nasdaq futures jump as investors buy the tech dip; oil near 4-month lowMint
Govt plans Rs 5,000 crore scheme in 3 months to promote green technologies in steel sector
The Indian government is set to launch a Rs 5,000 crore scheme within three months to boost clean technologies in steelmaking, aiming to slash carbon emissions. Titled the National Strategy for Sustainable Secondary Steel, the initiative will benefit all steel producers, with a significant portion allocated to smaller players. This move aligns with India's net-zero commitments, addressing the steel sector's substantial contribution to greenhouse gas emissions.
Index of industrial production records a 5.1% year-on-year growth in May
Industrial output rose 5.1 per cent in May compared to 4.9 per cent in the preceding month, mainly on the back of improved manufacturing sector performance. This is the second monthly Index of Industrial Production (IIP) data based on the new series. The growth rates of the Four sectors, Mining & Quarrying, Manufacturing, Electricity & Gas Supply and Water Supply, Sewerage & Waste Management for the month of May 2026 are (-)1.6 percent, 5.5 percent, 9.9 percent and 5.5 percent respectively. The Quick Estimate of IIP stands at 122.7 against 116.7 in May 2025. The indices of Industrial Production for Mining & Quarrying, Manufacturing, Electricity & Gas Supply and Water Supply, Sewerage & Waste Management for the month of May 2026 stand at 112.9, 122.6, 129.6 and 145.1 respectively. The Ministry of Statistics and Programme Implementation (MoSPI) released the new series of the All India Index of Industrial Production (IIP) with base year 202223 on 1st June 2026, ..
Apple accuses India of ‘copy-pasting’ rivals' claims in antitrust investigation
Apple has accused India's antitrust investigators of ‘copy-pasting’ its rivals' claims and failing to properly conduct its own investigation in concluding the tech giant breached competition laws, as per a Reuters report.
Top Gainers & Losers on June 29: Persistent Systems, Netweb Tech, Astral, MRF, Berger Paints, OLA among top losers
Indian equities continued their decline on June 29, with the Nifty 50 dropping 0.46% and the BSE Sensex falling 0.44% amid renewed Middle East tensions. While pharmaceutical and metal stocks gained, auto and technology shares suffered notable losses, reflecting mixed sectoral performance.
Apple accuses CCI investigators of 'copy-pasting' rivals' claims in antitrust investigation
Apple has accused Indian antitrust investigators of merely copying rivals' claims without independent analysis in its competition law probe. The tech giant argues the findings are flawed and calls for them to be quashed, citing a lack of opportunity to present its case. This marks a significant escalation in Apple's dispute with the Competition Commission of India over its app store practices.