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Infosys, TCS, HCLTech And Other IT Stocks Under Pressure On Weak Global Tech Cues
Back home, IT stocks traded mostly lower, with Infosys emerging as the top laggard, falling 2.22% to a current trading price of Rs 1,041.80. Tata Consultancy Services (TCS) declined 1.39% to Rs 2,098.20, while HCL Technologies slipped 1.24% to Rs 1,116.50.
Meet Kunal Shah, The Man Tasked To Head WhatsApp Globally In A Challenging Tech Space
Kunal Shah will join Meta and succeed Will Cathcart as the global head of WhatsApp.
IIT Roorkee, IvyCap Ventures and NuQuant announce Rs 1,000 crore Super Endowment initiative to strengthen India’ s research, innovation and DeepTech ecosystem
IIT Roorkee, in partnership with IvyCap Ventures and NuQuant, has launched a Rs 1,000 crore Super Endowment Fund to fuel India's deep-tech innovation. This perpetual fund will support research, entrepreneurship, and technology translation across the IIT network, fostering global collaborations in strategic sectors. The initiative aims to create a self-sustaining ecosystem, empowering the next generation of innovators and entrepreneurs.
Iran war triggers global race to build oil reserves
Vulnerable nations, stung by the Iran war's economic fallout, are boosting oil and gas storage to weather future crises. This global push for reserves could add half a billion barrels of demand. Countries like India and Pakistan are prioritizing stockpiles, learning from China's successful strategy of reducing imports during supply disruptions. This move aims to prevent severe economic distress and insulate economies from volatile energy markets.
Mcap of 9 most valued firms jumps ₹2.15 trn, Airtel biggest winner
The combined market valuation of nine of the top-10 most valued firms jumped by Rs 2.15 lakh crore last week, with Bharti Airtel emerging as the biggest winner, in line with improving global risk sentiment. Last week, the BSE benchmark Sensex jumped 1,274.95 points, or 1.68 per cent. "Indian equity markets extended their recovery during the week, supported by easing geopolitical concerns, softer crude oil prices, and improving global risk sentiment. Although negotiations remain ongoing and the agreement is yet to be fully implemented, the reduction in geopolitical uncertainty has significantly improved market sentiment," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. The market valuation of Bharti Airtel surged by Rs 52,432.67 crore to Rs 11,62,963.30 crore, the most among the top-10 firms. Life Insurance Corporation of India (LIC) added Rs 51,675.23 crore, taking its valuation to Rs 5,56,726.30 crore. The valuation of Bajaj Finance soared by Rs 26,55
Low-cost imports and high input costs to weigh on paper industry margins: CareEdge Ratings
Priti Agarwal, Senior Director at CareEdge Ratings, said that realisations for India's writing and printing paper segment have fallen by 6-7% and are unlikely to recover meaningfully in the near term. While demand from the education sector remains stable and volumes could grow 3-4%, manufacturers are facing higher costs for wood, bamboo and waste paper. Industry profitability will depend on cost management and policy support.
IT nightmare on loop, Accenture's 20% fall highlights AI disruption
Indian tech stocks experienced a sharp decline Friday, mirroring a significant drop in global IT giant Accenture due to weaker-than-expected revenue and order forecasts. The Nifty IT index plunged over 6%, with major players like Infosys and TCS seeing substantial losses. Analysts suggest valuations are now attractive but future growth remains uncertain amid AI advancements, advising caution for investors.
Air India at a crossroads as Tata weighs Nipun Aggarwal, Vinod Kannan for next CEO, says report
Air India's leadership race is heating up with Nipun Aggarwal and Vinod Kannan as top contenders to steer the airline through turbulent times. Aggarwal, a key figure in its transformation, faces scrutiny over global experience, while Kannan brings proven leadership from Vistara. The decision, however, is complicated by internal power dynamics at Tata Sons and the airline's ongoing challenges, including operational disruptions and the aftermath of a tragic crash.
Amazon Turns 'Water Positive' In India Amid Big Tech's Global Scrutiny Over AI Data Centres
By 2030, Amazon wants all of its data center operations to be water positive worldwide.
Jio eyes $230 billion global opportunity with 5G, feature phone tech
Jio Platforms is eyeing a $230 billion global opportunity by exporting its 5G stack, fixed wireless access tech and feature phone OS to international telecom operators. The company plans entry via partnerships, licensing and managed services rather than direct operations.
Reliance to turn crude into carbon fibre, green chemicals, other materials in major O2C overhaul
Reliance Industries is set to reinvent its oil-to-chemicals business. The company will convert crude oil into advanced materials and green chemicals. This strategy aims to create new revenue streams and reduce exposure to global energy market volatility. Reliance is committed to ensuring India's energy security by future-proofing its legacy business and building new growth engines.
Japan stocks end mixed as inflation remains stable and global tech rally supports sentiment
Despite the mixed session, both indexes posted strong weekly gains, with the Nikkei rising about 8% and the Topix advancing around 4%. Market sentiment improved after the US-Iran peace agreement helped push oil prices lower, easing concerns about inflation. Japanese equities also benefited from a global rally in semiconductor and artificial intelligence-related stocks, which helped offset pressure from the US Federal Reserves hawkish stance. Sector-wise, technology stocks were mostly higher, while financial, industrial, and consumer shares generally underperformed.