Tag Archives: Business news

BENGALURU: Wipro has realigned its global business lines (GBLs) to expand its go-to-market capabilities to meet clients’ business needs in emerging technologies driven by AI, cloud, and digital transformation. Wipro organised its capabilities across four GBLs-delivery, capabilities, solutions, and horizontal specialists are owned by GBLs. The four GBLs are technology services, business process services, engineering, and consulting services. “This evolution …

BENGALURU: Global capability centres are increasingly recruiting talent from IT services companies, with approximately half their workforce now sourced directly from these firms. Data from HR consultancy Xpheno indicates that GCCs have modified their recruitment approach, incorporating both experienced professionals and fresh graduates.Recent statistics reveal GCCs now source 45-48% of their workforce from IT firms, up from 35% in 2022-23. …

Fears are ripe of a US economic recession. What will high US tariffs and America’s economic slowdown mean for India? It’s mayhem in US stock markets! The S&P 500 has plunged more than 10% since its highest level which was seen last month. The turbulence is being caused by US President Donald Trump’s trade war and economists are watchful on …

Is Warren Buffett about to make his next big move? (Photo-AP) When Warren Buffett made the bold move of slashing his Apple shares and hoarding cash, the financial world buzzed. Social media exploded with memes and mixed opinions. Some hailed him as a genius, while others questioned his timing. Fast forward to today, and the market has taken a tumble—and …

NEW DELHI: Chartered accountants’ apex body ICAI may review the financial statements of IndusInd Bank, which is grappling with discrepancies in accounting estimated to be Rs 2,100 crore. The private sector lender, on March 10, disclosed some discrepancies in its derivatives portfolio, which could have an adverse impact of about 2.35 per cent of the bank’s net worth as of …

Stock market holidays 2025: Trading activities will be suspended for 14 days throughout the year. (AI image) Stock market holiday for Holi 2025: Stock exchanges in India, BSE and NSE, will remain closed on Friday for Holi celebrations, resulting in an extended weekend amidst the ongoing market downturn. The NSE and BSE have said that stock markets will not operate …

NEW DELHI: The Centre has asked Elon Musk’s satellite venture Starlink to set up a control centre in India to enable suspension or shutdown of communications services in sensitive and troubled areas, whenever required, to maintain law and order.Also, the security establishment has specified mandates to allow call interceptions by law-enforcement agencies through official channels when the need arises, top …

MUMBAI: India’s financial sector is embracing generative AI at pace, with banks, insurers, and non-bank lenders deploying it to cut costs and improve efficiency. An EY report suggests productivity gains in banking operations could reach 46% by 2030. The report found that 74% of financial firms have initiated proof-of-concept trials, 42% have allocated budgets, and 11% have reached production-level deployment. …

NEW DELHI: India will be the world’s third largest economy by 2028 as it becomes the world’s most sought-after consumer market and gains share in global output, a Morgan Stanley report said. The Indian economy is projected to expand to $4.7 trillion in 2026, behind the US, China and Germany.In 2028, India will overtake Germany as its economy will expand …

NEW DELHI: Sebi has widened the ambit of the scope of Unpublished Price Sensitive Information (UPSI) by including any proposed fundraising activities agreements which can impact the management or control of the company, restructuring plans, and one-time bank settlements. The new rules would come into force from June 10. Source link