Bloomberg has introduced a new electronic trading system that allows global investors to buy and sell Indian govt bonds more easily, marking an important step in opening up India’s bond market to the world. The company said it has completed its first fully-electronic trade in Indian govt bonds using this system. The new workflow enables…
MUMBAI: Equity benchmark indices pared more than half of their intraday gains on Thursday after profit booking in the final hours, even as sensex and Nifty had staged a sharp recovery earlier in the session on bottom fishing and positive cues from foreign institutional investors.After a 1,677-point fall on Wednesday, sensex opened higher at 76,576…
NEW DELHI: In a bid to boost the domestic manufacturing of batteries and electronics goods, govt has waived basic customs duty on goods used in manufacture of display assemblies, lithium ion cell and inductor coil module.Among the three notifications issued by the finance ministry was one to exempt the basic customs duty (BCD) on the…
NEW DELHI: Govt will assess whether the rapid adoption of AI is affecting pace of expansion of global capability centres (GCCs) in India, Electronics and IT secretary S Krishnan said on Thursday, while arguing that AI could ultimately help the country attract higher-value work.At a CII event, Krishnan said it was “time to start measuring…
MUMBAI: The Forum for Internet Retailers, Sellers & Traders (FIRST) has dragged Walmart-owned Flipkart Group to the Competition Commission of India (CCI), seeking a fresh investigation into the conduct of the company over practices designed to distort competition, benefit few preferred sellers and exclude scores of small retailers from the marketplace system.In its 157-page complaint…
India having 5,000 GCCs by 2030 is realistic, achievable: Sitharaman NEW DELHI: India is planning to tap into the growing global capability centre (GCC) market to make itself indispensable to the world’s knowledge economy, as finance minister Nirmala Sitharaman Thursday reiterated that the goal of building an ecosystem capable of supporting around 5,000 GCCs by…
A growing number of leaders from India-based global capability centres (GCCs) are making their way into the Fortune 500 C-suite, underscoring the rising strategic importance of these centres and the influence of their leadership.Recent examples include Kalyani Sekar, senior vice-president and chief data and AI officer at Verizon; Hari Vasudev, executive vice-president and CTO of…
BENGALURU: TCS reported June-quarter revenue of $7.6 billion, up 2.7% year-on-year and largely flat sequentially. This reflects a cautious demand environment as global firms reassess technology spending amid macroeconomic uncertainty and rapid AI-led transformation. Revenue in constant currency, which discounts the impact of currency fluctuations, grew 0.4% sequentially and 3.2% year-on-year.The company reported a 2.7%…
Brent crude in London traded close to $79 a barrel on Thursday, taking its gain for the week to nearly 9%. (AI image) Iran has accelerated crude shipments, dispatching oil tankers carrying about 11 million barrels over the past 24 hours as tensions with the US escalate once again and President Donald Trump threatens to…
Under international law, ships are generally entitled to transit passage through straits used for international navigation. (AI image) With the Strait of Hormuz now beginning to reopen, Iran and Oman — the two nations bordering the strait — have floated the idea of introducing a permanent fee system for ships using the passage.Until the US…
