TECHNOLOGICAL FACTORS
Q1 results, FII action among 10 factors to impact D-Street mood this week
Nifty gained 1.2%, driven by IT, energy, and pharma stocks. U.S. labor data, TCS earnings, Rupee vs. Dollar, Bank Nifty, oil prices, FIIs, IPO action, and dividends will influence markets next week. Bulls maintain strength with positive sentiment and broader market participation, expecting some consolidation.
NSE caps listing gains in SME IPOs; ‘move to curb price swings’
NSE imposes a 90% cap on SME IPOs to stabilize prices; Winsol Engineering surged by 411%. Amit Goel noted reduced volatility. Sebi chair Madhabi Puri Buch raised SME manipulation concerns. Sebi took action against Varanium Cloud, SecureKloud Technologies, Add-Shop E-Retail, suspecting schemes like bonus issues, stock splits, and preferential allotments.
Global Capability Centres drive office leasing in H1 2024, with a 37% share
India's office leasing market is dominated by Global Capability Centres (GCCs), with 37% of total leasing activity in January to June 2024. The country's robust workforce, competitive costs, and established ecosystem make it a key market for GCCs. With a projected 20% growth in GCC presence by 2025, the Indian office market is poised for significant expansion. 67% of GCCs plan to increase their office portfolios by over 10% in the next two years.
Envisioning a career in legaltech? Check out the in-demand roles, skills & more
The widespread adoption of technology has transformed the legal industry, giving rise to 'legaltech.' Legaltech offers various opportunities, including roles for tech innovators, product managers, and consultants. Hemant Krishna from Shardul Amarchand Mangaldas & Co. notes that AI has significantly boosted the legal tech industry's prominence.
Nomura turns bullish on Indian IT sector, highlights Infosys, Coforge as top picks
Nomura bullish on Indian IT sector with top picks Infosys and Coforge, upgrades ratings for Wipro and HCL Technologies. Anticipates GenAI adoption boosting cloud services demand.
Strong ER&D demand helps IT buck overall soft hiring trend
India's $250 billion IT services industry is facing sluggish hiring, but a bright spot is emerging in Engineering, Research & Development (ER&D). Demand for ER&D services is surging, driving a 15% increase in recruitment for these roles. Staffing firms report that tech companies are ramping up ER&D hiring to stay competitive in the global market.
- Go To Page 1
IT stocks: A comeback which just needs a bit more confirmation; 7 stocks with an upside potential of up to 23%
Just before the expiry of the June series contract, bulls were seen in a segment of the market which has been long ignored by them — IT stocks. Because the upward movement was taking place at the end of expiry, one could not rule out the element of short covering. If one looks a bit deeper in the trend in IT stocks, two things have become clear. That while the news and opinion has been negative, the price action has not been so bad as has been painted. Now let's look at what happened in the IT sector and why there could be a case for contrarian buying. Yes, the sector has some headwinds which not many had thought would appear two years back. But the bigger question is whether this phase of underperformance is about to get over or not. It might be time to shed the bias of negativity around large IT players.
CJI Chandrachud underlines 'Constitutional Morality' as means to preserve India's diversity
Chief Justice of India D Y Chandrachud emphasised the necessity of 'Constitutional Morality' in Indian law. He said that the court's duty was to uphold diversity and tolerance while embracing technological advancements in justice. Chandrachud underscored judges as servants, not deities, cautioning against personal biases interfering with constitutional values. He highlighted the importance of AI tools for translating judgments, decentralising court access, and promoting awareness of legal procedures. West Bengal Chief Minister Mamata Banerjee urged a neutral judiciary for upholding democracy.
Technology a golden thread that binds enterprise' work to future world; AI strengthens it: Anand Mahindra
Anand Mahindra said the future belongs to those who can creatively weave this golden thread into a value-enhancing business tapestry. Penning down his thoughts in the annual report 2023-24 of Tech Mahindra, the billionaire businessman said it is impossible to talk about any business without technology.
‘It is beyond belief we’re still subsidising the cause of the climate crisis — we need greater subsidies for renewables over fossil fuels now’
"I think the CBAM, to the extent that it does result in significant revenue from tariffs, should recycle some of those funds in lump sum forms to help countries clean up their production processes and adapt to climate change," says Cameron Hepburn, Battcock Professor of Environmental Economics at the Smith School of Enterprise and the Environment, Oxford University.
Elastocalorics, carbon-capturing microbes among top 10 emerging technologies: WEF
The WEF said these top 10 emerging technologies focus on applications in health, communication, infrastructure and sustainability. The report also states AI will enable researchers to make unprecedented connections and advancements in understanding diseases, proposing new materials, and enhancing knowledge of the human body and mind.
Amara Raja shares rally 20% to fresh highs as company signs agreement for lithium ion batteries
Amara Raja Energy partners with Gotion High-Tech for advanced cell manufacturing, accessing technology, Gigafactory facilities, and battery materials. Collaborations with InoBat strengthen LiB battery development.
Asian shares subdued, yen hits record low versus euro
Asian shares subdued, yen at record low. Nasdaq tumbled, Dow Jones rallied. Chinese stocks slightly higher. U.S. PCE price index awaited. Investors cautious ahead of U.S. price data, U.S. presidential debate, French election.
Amara Raja inks licensing pact with GIB EnergyX for Li-ion cells technology
Amara Raja Advanced Cell Technologies Pvt Ltd signed a licensing agreement with GIB EnergyX Slovakia s.r.o. for Gotion's 'LFP technology' for lithium-ion cells.
IPO market picks up after two years of slowdown; is it the right time to invest in IPOs?
Are you also planning to invest in the upcoming IPOs? Brokerages often express bullish views on IPOs because increased investor participation benefits their business. However, take their advice with a pinch of salt. Here are a few things to keep in mind before you invest
FII action, GST Council outcome among 10 factors to weigh on D-Street this week
Nifty ended with 0.4% gains in a week-long holiday shortened by Bakri Eid. When markets resume trading on Monday, a host of important domestic and global events lined up during the holiday-truncated week are likely to impact them.
Equity taxation tweaks, PSU disinvestment among 6 factors that could break markets: Kotak Equities
Indian benchmark index Nifty 50 has surged by 1,682 points or 7.6% since the June 4 debacle, driven by non-institutional investors and select institutional investors, as noted by Kotak Institutional Equities. The market's sentiment remains positive despite potential risks, with a focus on upcoming state elections and regulatory oversight.
MFs cut weight on technology stocks by 170 bps in just 3 months. What are cues for investors?
In May, several MFs reduced tech stock weights by 0.1%-0.9%, with HSBC making the highest cut at 0.9%. HDFC MF, Mirae, and Franklin Templeton increased weights by up to 0.2%.
AI jobs command premium pay as companies fill specialised roles
Experts and staffing firms told ET that qualified AI professionals in India are raking in serious cash. Compared to traditional IT roles, AI specialists can command a salary premium of up to 40-80%. The demand for AI talent is exploding as companies race to fill these new and specialised positions.
Technology-based mutual funds offer up to 12% in 2024 so far. Should you invest?
Technology based mutual funds have offered an average return of 6.45% in 2024 so far. Quant Teck Fund led with 12.20% return, followed by Franklin India Technology Fund with 10.19%. ICICI Prudential Technology Fund also performed well with a 4.50% return.
FOMC, FII action among 10 factors to dictate D-Street mood this week
The Nifty index closed the week with a 3.6% increase amidst two significant occurrences: the highly anticipated election results and the monetary policy decision by the Reserve Bank of India (RBI). As trading resumes on Monday, a range of significant domestic and international events scheduled throughout the holiday-shortened week are expected to influence market movements.
Why does India have the first mover advantage in Web3 technology?
While regulatory clarity remains a work in progress, India's embrace of the Financial Intelligence Unit (FIU) registration requirement is a positive step, creating a safer trading environment for all.
How China and Russia are vying to disrupt US military edge in outer space
Russia and China are developing abilities to counter the US in the space sector. The weaponization of outer space has emerged as a concern for mankind.
Beyond the clutter: India-US ties transcend ongoing differences
India explained why oil imports from Moscow are necessary to preserve global oil market stability, similarly Chabahar deal is also for regional stability which is valued by the US.
ChatGPT Effect? 7,000 IIT students still jobless as placement season ends; Institute sends SOS to alumni for help
Over 7,000 IIT students remain unplaced as the 2023-24 placement season ends. IIT Delhi, IIT Bombay, and BITS are seeking help from alumni to secure jobs for these graduates. Economic factors and technological advances, such as the rise of ChatGPT, have contributed to the decline in placements, with many companies adopting a cautious hiring approach.
Technological factors can stall or spur adoption of EV 2-wheelers
The technological factors affecting electric two-wheelers (EV 2Ws) are integral to their development and widespread adoption in India, say EV industry stakeholders.
India needs to focus on factor market reforms to propel growth to double digit: ADB Chief Economist
Labour reforms have been approved by Parliament in 2020, but it has not been implemented. In 2019 and 2020, 29 central labour laws were amalgamated, rationalised and simplified into four labour codes -- the Code on Wages, 2019; the Industrial Relations Code, 2020; the Code on Social Security, 2020; and the Occupational Safety, Health & Working Conditions Code, 2020.
Telangana polls: BJP banks on Modi factor, BRS rebels to counter Congress guarantees
The opposition BJP in Telangana is aiming to improve on its previous tally of four out of 17 seats in the May 13 Lok Sabha polls, despite the ruling Congress party's guarantees. A larger tally would help the BJP establish a firm foothold in another southern state, aside from Karnataka, and aim for a win in the assembly in the coming years. Political analysts believe pro-BJP sentiment is on the rise in the state, especially in urban areas, amid heavy campaigning by Prime Minister Narendra Modi, Union home minister Amit Shah, party president JP Nadda, and Union minister Smriti Irani.
Telangana Lok Sabha polls: BJP aims to capitalise on Modi-factor, BRS defections to counter Congress guarantees
Counting on the influence of Modi, the opposition BJP in Telangana is making a robust effort to surpass its prior achievement of securing four out of 17 seats in the Lok Sabha elections scheduled for May 13. Despite assurances from the ruling Congress party, which are barely a year old, the BJP is aggressively campaigning to expand its presence. A stronger electoral performance would enable the saffron party to solidify its position in another southern state, besides Karnataka, and set its sights on winning the assembly in the future.
Load More
