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Home  Business

Business

Sensex, Nifty slip in early trade as IT stocks drag; Wipro warns of weak quarter ahead

Sensex, Nifty slip in early trade as IT stocks drag; Wipro warns of weak quarter ahead

  • Rupee rallies for fourth straight session, gains 10 paise to 85.54 against US dollar

    According to forex traders, the local currency came under pressure due to weak sentiment in the equity markets and a modest rebound in crude oil prices. At the interbank foreign exchange, the rupee opened at 85.48 and eased to 85.54 against the US dollar in early trade, marking a 10 paise gain from its previous close.
  • Meta CEO Mark Zuckerberg wraps up testimony in antitrust case

    Zuckerberg took the stand for the third day in the trial, wrapping up his testimony as the first witness Wednesday afternoon. He took questions from Meta attorney Mark Hansen, who has argued that his client hardly has a monopoly in social media, as the FTC claims, and still faces stiff global competition.
  • Second ‘Trump’ brand housing project to come up in Gurugram

    Of the six Trump-branded projects announced in India so far, four have already been completed in Pune, Mumbai, Kolkata and Gurugram. The new residential project in Gurugram will involve an investment of around Rs 2,200 crore
  • Google suspends 2.9 millionn advertisers’ accounts in India

    Globally, Google suspended over 39.2 million advertiser accounts, removed 5.1 billion ads and restricted over 9.1 billion ads, the company said in its annual ads safety report
  • Gold price soars to all-time high of Rs 98,100 per 10 g

    Gold of 99.5 per cent purity also appreciated by Rs 1,650 to hit a fresh peak of Rs 97,650 per 10 grams against the previous close of Rs 96,000 per 10 grams. Additionally, silver prices climbed by Rs 1,900 to Rs 99,400 per kg
  • Wipro Q4 PAT up 26 per cent to Rs 3,569.6 cr

    It had reported a profit of Rs 2,834.6 crore in the year-ago period. Revenues for the fourth quarter (Q4) of FY25 came in at Rs 22,504.2 crore, a marginal increase of 1.33 per cent from Rs 22,208.3 crore in Q4 FY24
  • China now faces up to 245% retaliatory tariff: White House

    "On Day One, President Trump initiated his America First Trade Policy to make America's economy great again," it said. "More than 75 countries have already reached out to discuss new trade deals. As a result, the individualized higher tariffs are currently paused amid these discussions, except for China, which retaliated," it said.
  • Realme partners with Optiemus Electronics to make AIoT devices in India

    Together, realme and Optiemus Electronics (OEL) target to manufacture 5 million AIoT devices annually while generating over 2,000 new employment opportunities in India, according to a release
  • Central government to take up 50 airport development projects in 5 years

    Civil Aviation Secretary Vumlunmang Vualnam said efforts are being made in a holistic manner to develop the aviation ecosystem, including supporting airlines and scaling up flying training organisations
  • Redmi A5 launched in India with Android 15, 120Hz display, and 32MP camera starting at Rs 6,499

    The Redmi A5 offers a compelling feature set for budget-conscious users, including a 6.88-inch HD+ display with a smooth 120Hz refresh rate and 600 nits peak brightness. It is IP52-rated for splash and dust resistance and includes a side-mounted fingerprint scanner for added convenience.
  • Sensex, Nifty trade flat amid renewed US-China trade tensions and weak global cues

    Following a two-day sharp rally, the 30-share BSE benchmark Sensex slipped 165.3 points to 76,569.59 in early trade, while the NSE Nifty dropped 51.55 points to 23,277. Among the Sensex constituents, Maruti, Sun Pharma, NTPC, Tata Steel, Reliance, and Infosys emerged as the top losers.
  • Rupee rallies: Gains 26 paise against US dollar on strong foreign inflows and weak dollar

    Forex traders noted that encouraging macroeconomic data, combined with the 90-day relief from US reciprocal tariffs, spurred foreign investors to buy into domestic equities, which in turn boosted the local currency.
  • Editorial: After trade, now campuses under attack

    Trump administration’s decision to freeze $2.2 billion in grants to Harvard University, as a punishment for refusing to toe the line and comply with a list of ‘unlawful’ demands from the federal government, reflects an authoritarian mindset
  • Opinion: Digital education must catch up  

    As the quality of education is increasingly tied to digital, universal access to technology has become a necessity
  • Unsold residential property stocks go up sharply in Hyderabad

    Hyderabad has now won the dubious distinction of being the only city among major metros of the country, to have its unsold property stocks go up sharply
  • Chinese President Xi makes a case for free trade as he tours Southeast Asia

    The fact that Vietnam, Malaysia, and Cambodia are all countries impacted by Trump’s tariffs provides Beijing an opportunity to project how it would act as a responsible superpower, one of China's long-time stances
  • IIT Delhi partners with Micron Technology to power next-gen semiconductor research in India

    The joint effort will focus on developing new solutions using modern technology and scientific knowledge to tackle major challenges in semiconductor manufacturing
  • Citizens Financial Group joins with Cognizant to open GCC in Hyderabad

    The GCC was inaugurated by Duddilla Sridhar Babu, Minister for Information Technology, Electronics, Communications, Industries, and Commerce, and Legislative Affairs, Government of Telangana, in the presence of top executives of Citizens Financial Group Inc. and Cognizant
  • NASA sacks Indian-origin DEI chief Neela Rajendra following Trump’s executive order

    Rajendra's removal comes after weeks of internal efforts at NASA to retain her by rebranding her role
  • Swiggy launches ‘Pyng’ AI-driven platform for users to connect with professionals

    The launch of Pyng, an AI-driven platform marks Swiggy's entry into the growing professional services market
  • Electric motorcycle maker Revolt Motors enters Nepal, opens dealership in Kathmandu

    Revolt said its full product portfolio is now available in Nepal, including the flagship RV400, the performance-focused RV400 BRZ, the RV1+ and RV1+ commuter models, and the powerful new RV BlazeX
  • US-based tech firm UST expands India footprint, opens 4th office in Bengaluru

    UST commenced its operations in Bengaluru in 2012 and currently, the city stands as its second-largest global delivery centre, accommodating over 6,500 employees delivering innovative solutions across semiconductor, healthcare, technology, logistics, hi-tech, retail and BFSI
  • US government freezes $2.2 billion in grants to Harvard University

    Move comes as the institution said it won't comply with the Trump administration's demands to limit activism on campus
  • GST on flat maintenance to pinch Hyderabad pockets more

    If your monthly flat maintenance exceeds Rs 7,500, you will have to shell out 18 per cent GST on it
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