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The Nifty IT index plunged 19.5% in February, marking its steepest monthly decline in 17 years, as mounting fears of artificial intelligence-led disruption triggered heavy selling across technology services stocks.The fall is the sharpest since September 2008, when the index had dropped nearly 21% during the global financial crisis. The index declined in 12 of…
In a bid to curb the growing digital payment frauds, the Reserve Bank of India had put out a discussion paper proposing a range of new safeguards, including delays on certain fund transfers, added checks for vulnerable users, limits on suspect accounts, and an emergency mechanism for customers to instantly block transactions. The central bank…
The nation is observing a Bharat Bandh on Thursday following a nationwide strike call by a joint forum of central trade unions against the Centre’s alleged anti-worker policies. The strike also involves banking unions.Thus, amid the strike, uncertainty looms over banking operations, with customers across cities unsure whether branches will function normally or face disruptions…
NEW DELHI: Magicbricks has released the rental Index for the July-Sept quarter, highlighting that the rental market is resetting after three quarters of strong activity. The report showed that average rents continued to strengthen, rising 4.4% quarter-on-quarter and 18.1% year-on-year, even as key metros displayed differing levels of tenant activity during this period.National rental demand…
India’s economy is expected to remain firmly on a strong growth path over the next two years, with S&P Global Ratings projecting 6.5 per cent expansion in the current fiscal and 6.7 per cent in the next. The agency said a combination of tax cuts and monetary policy easing will bolster consumption-led growth despite the…
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Multiple factors are affecting the rupee negatively. (AI image) The Indian rupee is under pressure and has been hitting new lifetime lows – crossing the 90 mark versus the US dollar. The rupee has depreciated 4.9% against the dollar in 2025, positioning itself as the third-worst performer among 31 major currencies, surpassed only by the…
BENGALURU: The country’s first Earth Observation Satellite System (EOSS) under PPP saw a key milestone Tuesday with the signing of a concession agreement that allows the winning consortium to finally begin work on the ground, four months after it won the project from the Indian National Space Promotion and Authorisation Centre (IN-SPACe)The agreement was between…
DOT$1.7547 slipped 2% to $1.77 over the last 24 hours. Volume surged 35% above its 30-day average, according to CoinDesk Research’s technical analysis model. The session’s most dramatic action hit during a sharp intraday decline that tested critical support levels. The model showed that DOT dropped from $1.85 to $1.76 on exceptional volume of 8.81…
