GLOBAL SLOWDOWN
Global stocks hit peak level before US jobs data: Markets wrap Global equities maintain record highs ahead of US jobs data. Markets anticipate potential Fed rate cuts. Emerging market equities benefit from soft US economic data. UK Labour Party projected to win big, impacting Conservative performance. France pr...
05 Jul, 2024, 06.39 AM ISTIndia's GDP growth to slow modestly this fiscal year and next: Reuters poll28 Jun, 2024, 08.19 AM IST Not AI, IT hiring not picking up because of global slowdown in IT spend: Ramani Dathi, Teamlease Services Ramani Dathi says there is no major uptick as far as demand for IT pros is concerned. There are a few set of clients, especially the GCCs and to some extent, who are able to maintain the current run rate of revenues and headcounts for Teamlease, but...
25 Jun, 2024, 03.07 PM IST- ADVERTISEMENT
Facing an unprecedented slowdown, IT companies are undergoing a shift. Here’s what’s changing IT companies like TCS, HCLTech, Wipro and Tech Mahindra are reorganising their businesses to wade through disruptions and prepare for Gen AI. TCS, under new leadership, merged AI and cloud operations into a unified AI.Cloud unit, responding to growi...
23 Jun, 2024, 06.00 AM ISTBYD says to build second EU factory despite EV slowdown, to make hybrid cars Chinese electric vehicle giant BYD is still committed to building a second factory in Europe and will roll out hybrid cars as the EV market slows down, a group executive told AFP. Stella Li, vice president for Europe and the Americas, also shrugged ...
08 Jun, 2024, 02.42 PM ISTAfter a 5% rally in 2 days, ITC earns a downgrade. Here's why Emkay Global downgraded ITC to 'add' at Rs 460 citing near-term pressures like margin stress. Analysts' recommendations from Trendlyne data show 31 buy, 2 hold, and 1 sell. ITC shares yielded negative returns recently.
06 Jun, 2024, 12.33 PM ISTGovt to focus on capex & infra to propel next phase of growth: Indranil Sengupta I would say that valuations that are concerned and whoever is getting into the market right now should also clearly take that into account. Because once you start losing the support of valuations, then obviously you are taking that much more of a r...
04 Jun, 2024, 08.00 AM ISTIMF revises China's GDP to 5% this year; growth may decelerate to 3.3 per cent by 2029, says Gita Gopinath The 5 per cent growth revision by the International Monetary Fund (IMF) is in line with the target set by the Chinese government for the world's second-largest economy which is grappling with a slowdown triggered by the crippling property sector cri...
29 May, 2024, 07.28 PM ISTIndia leads in electric vehicle sales amid global slowdown Global electric vehicle sales growth faces challenges like capital costs and election uncertainty. US EV sales outpaced Europe, where EV sales declined due to Easter holidays. Germany saw a 29% drop in EV sales, while India's EV market share doubled...
25 May, 2024, 07.09 PM ISTGold rallies on rate cut expectations amid US economy slowdown Spot gold rose on Friday despite US inflation data, anticipating rate cuts amid a weakening US economy. US CPI and PPI Final demand were below forecasts. US Fed Chair Powell remains optimistic about inflation. US Philadelphia Fed business outlook wa...
19 May, 2024, 09.00 AM ISTTesla ramps up job cuts in China as sales slowdown bites Tesla Inc. is escalating job cuts in China to regain market share, with layoffs extending to various departments at its Shanghai plant. The company faces challenges amid a global EV demand slowdown, intense competition, and shrinking market share. D...
09 May, 2024, 02.53 PM ISTPaytm market cap nears $2.5 billion; state-run banks turn to GenAI Paytm’s market capitalisation is down to nearly $2.5 billion after a ninth straight session of declines on the BSE.
07 May, 2024, 07.44 PM ISTIndian students fail to land internships in US amid hire-local push Indian students in the US, including those from Ivy League universities, face internship challenges amid job slowdown. Competition intensifies with scarcity of entry-level job opportunities, impacting job market competitiveness.
07 May, 2024, 02.48 PM ISTBanks may have to slowdown loan growth in FY25: S&P S&P Global Ratings forecasts robust credit growth, profitability, and asset quality for Indian banks in FY25, yet warns of potential slowdown in loan growth due to tepid deposit growth. Loan-to-deposit ratios are deteriorating, urging banks to align...
28 Apr, 2024, 03.06 PM ISTTop IT companies cut over 72,000 jobs in FY24 The top six information technology services companies in India reported a reduction in their total headcount in the last fiscal year, with only HCLTech adding employees. Factors contributing to this reduction include the economic slowdown, automatio...
28 Apr, 2024, 06.00 AM ISTETMarkets Smart Talk: Interesting opportunities in long-term government bonds market: Amit Goel Amit Goel says Indian stocks are one of the greatest bubbles ever in the history of global capital markets. He anticipates that over the next 3-4 years, huge downsides are going to open up in Indian equities. Goel advises diversifying from Indian eq...
22 Apr, 2024, 09.00 AM ISTReserve Bank of India leads surge in gold reserves amid global central bank slowdown Despite a slower pace in February, central banks like India's RBI are dedicated to strengthening gold reserves as a hedge against economic uncertainties, with an eye on diversifying forex reserves.
06 Apr, 2024, 09.35 AM ISTETMarkets Smart Talk: We expect FY25 to be a year of consolidation for markets: Chandraprakash Padiyar Chandraprakash Padiyar expects FY25 as a consolidation year for markets, emphasizing better risk-reward in banking and housing sectors. Valuations in mid-cap space are high, while small-cap offers more stock picking opportunities at reasonable valua...
02 Apr, 2024, 09.00 AM ISTIndia becomes the darling of expat techies as West takes a break Indian expatriates in tech sector are increasingly considering job options in India due to the country's resilience to the global tech slowdown. The trend is driven by market uncertainties, layoffs, and high living costs in western countries. IT ser...
03 Mar, 2024, 07.29 PM ISTPositive economic outlook prevails for India's mid-market businesses despite global slowdown India's mid-market businesses are expected to experience positive prospects in the coming year, according to a report by Grant Thornton. The International Business Report (IBR) revealed that nearly 80% of Indian mid-market businesses maintain a posi...
29 Feb, 2024, 05.54 PM IST