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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The popular index continues to defy doomsayers and is on track to hit the 100,000 mark.
Editor's note: The BSE Sensex is on fire. Last Friday, the 30-stock index jumped 1,181 points to close at 61,795 points. It was a record high that came after 13 months. Then, on Tuesday, the index scaled a new peak—61,873—as buoyant bank, auto and energy stocks weighed in. On Wednesday, the Sensex crossed the 62,000 mark for the first time ever. This is very different to the scenario just five months ago, when the Sensex was in free fall. It hit 51,360 on 17 June, a 16% drop from its peak in January as the tech stock contagion in the US sparked a sell-off in Indian IT stocks. The Sensex, at that point, was mirroring the Nasdaq index, the barometer of technology stocks in the US, which fell by a third during the same period. As rising inflation and the expectation of lower technology spending by American companies spooked the prospects of firms like Microsoft and Google, Indian IT firms felt the heat too. To the extent that even the sharp fall of the rupee against the dollar did little to help …
The popular index continues to defy doomsayers and is on track to hit the 100,000 mark.
Editor's note: The BSE Sensex is on fire. Last Friday, the 30-stock index jumped 1,181 points to close at 61,795 points. It was a record high that came after 13 months. Then, on Tuesday, the index scaled a new peak—61,873—as buoyant bank, auto and energy stocks weighed in. On Wednesday, the Sensex crossed the 62,000 mark for the first time ever. This is very different to the scenario just five months ago, when the Sensex was in free fall. It hit 51,360 on 17 June, a 16% drop from its peak in January as the tech stock contagion in the US sparked a sell-off in Indian IT stocks. The Sensex, at that point, was mirroring the Nasdaq index, the barometer of technology stocks in the US, which fell by a third during the same period. As rising inflation and the expectation of lower technology spending by American companies spooked the prospects of firms like Microsoft and Google, Indian IT firms felt the heat too. To the extent that even the sharp fall of the rupee against the dollar did little to help …
While the Rs 9,000 crore promoter investment in Q1 brings a measure of reassurance, investors will still have to wait for Jio and retail to work through their challenges.
TCS CEO Krithivasan’s stunning disclosure lays bare a bind: AI is forcing IT services giants to give away a chunk of renegotiated contract value, even as new revenue remains lumpy and uncertain.
Reliance Consumer Products is relying on aggressive pricing in the hope that its staples brand will become a household name. But such tactics can go only so far.
While the Rs 9,000 crore promoter investment in Q1 brings a measure of reassurance, investors will still have to wait for Jio and retail to work through their challenges.
TCS CEO Krithivasan’s stunning disclosure lays bare a bind: AI is forcing IT services giants to give away a chunk of renegotiated contract value, even as new revenue remains lumpy and uncertain.
Reliance Consumer Products is relying on aggressive pricing in the hope that its staples brand will become a household name. But such tactics can go only so far.
