Rajesh Nambiar Nasscom president Nasscom President Rajesh Nambiar has strongly dismissed fears that AI tools will eliminate technology services jobs, despite market concerns wiping out $50 billion from Indian IT companies’ market value since 2025. He emphasizes that large enterprises’ complex technology needs and regulatory requirements make IT services essential, even as AI adoption grows.“Concerns…
Asian markets showed little movement on Monday as several trading floors closed for Lunar New Year celebrations. Japan’s disappointing economic growth of just 0.1 per cent in late 2025 added pressure on newly elected Prime Minister Sanae Takaichi. Meanwhile, US markets will stay shut for Presidents’ Day, and gold prices dipped slightly after reaching $5,000…
Stock market today (AI image) Stock market today: After deep cuts towards the end of last week, Nifty50 and BSE Sensex, opened in red on Monday. While Nifty50 was below 25,450, BSE Sensex dropped over 100 points in opening trade. At 9:16 AM, Nifty50 was trading at 25,434.35, down 37 points or 0.14%. BSE Sensex…
Global oil prices remained steady on Monday as markets closely watch upcoming talks between United States and Iran. While concerns over potential disruptions in oil supply due to US-Iran tensions kept prices stable, OPEC+ is considering increasing production from April. The day saw Brent crude futures slightly down at $67.72 per barrel, while US WTI…
Foreign Portfolio Investors (FPIs) staged a sharp turnaround in early February, infusing Rs 19,675 crore into Indian equities in the first fortnight, buoyed by the US-India trade deal and easing global macroeconomic concerns.The inflows come after three consecutive months of significant outflows. FPIs had pulled out Rs 35,962 crore in January, Rs 22,611 crore in…
The railway ministry on Saturday launched a reform to improve cleanliness on long-distance trains by deploying tech-enabled professional teams onboard.Railway minister Ashwini Vaishnaw said all coaches, including general class, will now be cleaned as and when required during the journey.Under the existing Clean Train Station scheme, trains are cleaned at designated stations en route. Under…
As February progresses, customers planning to visit banks are advised to check the holiday schedule in advance to avoid inconvenience. In India, banks observe both national and state-specific holidays, which means closure dates can differ from one region to another.Next week, several banks across the country will remain closed for state observances: February 18: Banks…
MUNICH: US secretary of state Marco Rubio has said that India has committed to stop buying Russian oil, days after New Delhi reiterated that “national interests” would be the “guiding factor” for energy procurement.US President Donald Trump, while announcing a trade deal with New Delhi early in Feb, had said India had agreed to not…
Benchmark indices Sensex and Nifty ended the week lower, each falling more than 1%, dragged down by a sharp selloff in IT stocks that weighed on investor sentiment amid growing concerns over potential AI-driven disruptions. Stronger-than-expected US jobs data for January also reduced hopes of an interest rate cut by the Federal Reserve.According to The…
Several factors led to the sudden crash in the prices of the precious metals. (AI image) Precious metal prices are expected to remain volatile and witness further consolidation in the coming week as investors track key US economic indicators, including inflation data, GDP readings and signals from the Federal Reserve, analysts said.Traders are also likely…
