The IT services industry “has been stuck at 2-3% revenue growth over the last three years” and, with “AI deflation still only in Year 2,” JPMorgan expects “further headwinds to growth over the next two years.” India’s information technology (IT) services sector faces an uncertain demand environment as generative artificial intelligence (GenAI)-led productivity gains, geopolitical…
Wall Street heads into the second half of 2026 with investors bracing for a closely watched US jobs report that could reshape expectations for Federal Reserve interest rates, even as sharp swings in artificial intelligence (AI) and semiconductor stocks continue to keep markets on edge. Wall Street heads into the second half of 2026 with…
Commerce and Industry minister Piyush Goyal is leading a business delegation to Greece as India seeks to deepen bilateral trade, investment and startup collaboration between the two countries. Commerce minister Piyush Goyal is leading a business delegation to Greece as India seeks to deepen bilateral trade, investment and startup collaboration between the two countries, PTI…
Market participants will closely track manufacturing and services PMI data from major economies, Eurozone inflation numbers, and the US non-farm payrolls and unemployment figures for fresh cues on monetary policy. Gold and silver prices are expected to remain under pressure in the coming week as investors assess the impact of renewed tensions between the US…
Commerce ministry has convened a meeting of stakeholders on June 30 to discuss issues related to special economic zones (SEZs), including reforms aimed at harmonising export promotion schemes and easing business operations in the enclaves. Commerce ministry has convened a meeting of stakeholders on June 30 to discuss issues related to special economic zones (SEZs),…
Most of India’s planned renewable energy projects could face serious climate risks by 2030, according to a Zurich Group report. However, because many of these projects are still in the planning or construction stage, there is still time to make them more resilient before they are completed.The report studied 871 planned renewable energy sites across…
The US economy saw both good and bad news this week. Economic growth beat expectations and layoffs stayed low. At the same time, inflation continued to make daily life more expensive with consumers struggling with higher fuel prices, costlier electronics and rising mortgage rates.The latest figures showed inflation accelerating and consumer spending slowing, even as…
Make use of FTAs, other schemes to boost shipments, government tells businesses NEW DELHI: Govt has asked businesses to make use of the free trade agreements (FTAs) and schemes beyond interest subsidy, which are part of the Export Promotion Mission to boost shipments from the country. Commerce and industry minister Piyush Goyal had met export…
The Strait of Hormuz, world’s busiest oil chokepoint, was moving again. Now, it’s at risk of clogging up once more.Earlier this week, ship traffic through the passage surged to a three-month high, before slowing sharply on Friday after a fresh attack in the Gulf of Oman brought an international evacuation effort to a halt. MarineTraffic…
US judge: No quick dismissal of Adani case A US judge ordered the Justice Department on Friday to justify its decision to drop criminal charges against Indian billionaire Gautam Adani, declining to rule immediately on Adani’s lawyers’ request to dismiss the case.Brooklyn-based US District Judge Nicholas Garaufis said federal prosecutors’ May 18 announcement that they…