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Wall Street Highlights: Tech Drives Nasdaq, S&P 500 Higher As Traders Downplay Iran War Risks
The Nasdaq 100 Index gained 1.6% and S&P 500 Index climbed 0.8%, driven by gains in information technology and consumer discretionary.
Tech stocks lead US market higher on Thursday as oil prices fall; Nasdaq outperforms again
Oil prices fell overnight despite tanker traffic declining through the Strait of Hormuz after the recent attacks by US and Iran on each other. Only 13 tankers crossed the region on Wednesday, according to Kpler, compared to the average of 33 tankers last week.
Managing 'Agent Fleets': Cognizant To Scale 15,000 'Frontier' Roles As AI Reshapes Tech Hiring
Cognizant plans 15,000 Frontier AI roles to manage enterprise AI agents at scale.
Govt Clears Dixon Tech's JV With Vivo For Smartphone Manufacturing
Dixon Tech holds 51% stake in the JV.
Nandan Nilekani Doubles Down: Fundamentum Unveils Rs 2,200 Crore Bet On Indian Tech
File photo of Nandan Nilekani.
Japan markets rise on tech gains
Investor sentiment improved after gains in US semiconductor and memory chip stocks overnight. Market confidence was also supported by reports that South Korean chipmaker SK Hynix's US listing was more than seven times oversubscribed, reflecting strong investor interest in artificial intelligence (AI) infrastructure.
Top Gainers & Losers on 9 July: Kalyan Jewellers, Swiggy, Kaynes Tech, Anant Raj, Thermax among top gainers - livemint.com
Top Gainers & Losers on 9 July: Kalyan Jewellers, Swiggy, Kaynes Tech, Anant Raj, Thermax among top gainerslivemint.com
Taiwan central bank chief warns of AI bubble risk
Taiwan's central bank governor warns of an AI bubble risk from over-leveraged tech firms, despite real growth and Taiwan's key role in the AI supply chain.
Syrma SGS to Kaynes Tech: EMS stocks jump up to 7.5% as Centre waives customs duty on key electronic components
The government's waiver of basic customs duty on electronics manufacturing components until 2029 led to sharp stock gains for companies like Kaynes Technology. This initiative aims to enhance domestic production of electronics and support India's goal of becoming a global manufacturing hub.
Viviana Power Tech gains after securing Rs 71 crore turnkey contract from PGVCL
Viviana Power Tech advanced 2.15% to Rs 781.50 after the company announced that it has secured a turnkey contract worth Rs 71.38 crore from Paschim Gujarat Vij Company (PGVCL).
Here are two reasons why Syrma SGS Tech shares gained up to 5% today
This is an extension of the existing Nil BCD benefit rather than a fresh duty reduction. The amendment ensures these components continue to enjoy duty-free imports through March 2029, providing long-term policy visibility for manufacturers.
Dixon Tech, Syrma SGS, Amber shares surge up to 6%. What does customs duty relief mean?
Shares of Dixon Technologies, Syrma SGS Technologies and Amber Enterprises rallied after the Centre expanded customs duty exemptions on electronics manufacturing machinery and components until 2029. The move is expected to reduce import costs, improve margins, encourage fresh investments and strengthen India's electronics manufacturing ecosystem across batteries, displays and smartphones.