AI image used for representative purposes Russia’s foreign ministry firmly claimed on Wednesday that it has “no reason to believe” that India changed its stance on purchasing Russian oil, despite US claims suggesting otherwise. The ministry emphasised that the oil trade benefits both nations and helps maintain global energy market stability, while dismissing recent statements…
Multi Commodity Exchange of India and National Stock Exchange of India have decided to roll back the extra margins that were levied on gold and silver futures, with the change coming into effect from Thursday, February 19. MCX announced that it will discontinue the additional 3 per cent margin applicable on all gold futures contracts…
Salil Parekh, CEO and MD, Infosys (File photo) New Delhi: Infosys CEO Salil Parekh suggested that stock market investors may be misreading the impact of AI tools from companies like Anthropic, arguing that rather than shrinking opportunities for IT services firms, such technologies are likely to expand and reshape the demand for their capabilities. He…
BofA maintained its buy recommendation on Infosys with the target price at Rs 1,840. Analysts said there were several positives on positioning and net opportunity could be bigger but the path is still evolving. They also said that enterprise AI isn’t plug and play. Currently revenue from AI-first offerings stands at 5.5%, which is not…
Amit Zavery, president, ServiceNow (File photo) New Delhi: Nearly 50% of ServiceNow’s global R&D is based in India, making the country central to its innovation strategy, according to president and chief product officer Amit Zavery. Speaking to TOI on the sidelines of the India AI Impact Summit 2026, he said the Hyderabad and Bengaluru centres…
Stock market today (AI image) Stock market today: Nifty50 and BSE Sensex closed in green on Wednesday, advancing for a third consecutive session, supported by late-session buying interest in banking, metal and FMCG stocks.The 30-share BSE Sensex rose 283.29 points, or 0.34 per cent, ending a volatile trading day at 83,734.25 after touching an intraday…
Market ended in green for the third straight session on Wednesday, with benchmark equity indices rising on the back of last-hour buying in banking, metal and FMCG stocks.The 30-share BSE Sensex jumped 283.29 points, or 0.34 per cent, to settle at 83,734.25 in a volatile trade. The 50-share NSE Nifty gained 93.95 points, or 0.37…
India, the world’s third-biggest oil importer and consumer has reshaped its crude sourcing strategy, according to data from industry sources. Russian crude shipments in January made up the smallest portion of New Delhi’s oil imports since late 2022. During the same period, supplies from the Middle East rose to their highest share, Reuters reported quoting…
US stocks moved higher on Wednesday, driven largely by gains in Nvidia, the market’s most influential stock. The S&P 500 rose 0.9%, pulling within 1.1% of its all-time high set late last month. The Dow Jones Industrial Average was up 308 points, or 0.6%, as of 12:21 p.m. Eastern time, while the Nasdaq composite climbed…
Union commerce minister Piyush Goyal on Wednesday dismissed investor concerns over the future of India’s IT sector as “ridiculous”, stressing that technology firms will play a central role in the growth of artificial intelligence.Speaking at the GEC event and responding to recent investor concerns, Piyush Goyal said, “Of late, I’m seeing in the stock market…
