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…
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…
The Deloitte report said India can no longer rely on bank deposits to fund rising credit demand India’s debt market is not yet equipped to finance the country’s next phase of economic growth and needs structural reforms to support rising long-term capital requirements, according to Deloitte’s latest State of Financial Services in India report.The report…
As the new trading week begins, investors are set to focus on a mix of domestic economic indicators and global developments, with geopolitical tensions in the Middle East.Geopolitical developments, crude oil prices and a packed domestic economic calendar are expected to steer stock market sentiment this week, with investors closely tracking the fallout from the…
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…
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…
GTRI has urged the Department for Promotion of Industry and Internal Trade (DPIIT) to issue detailed operational guidelines for the government’s newly notified quality certification mechanism, saying the success of the reform will depend on transparent implementation Trade policy think tank Global Trade Research Initiative (GTRI) has urged the Department for Promotion of Industry and…
Vaishnaw said investments worth thousands of crores flowing into the Yamuna City region would help make Jewar the “Silicon Valley of North India”. Two electronics manufacturing projects involving a combined investment of about Rs 6,750 crore are expected to generate around 3,000 jobs and help transform Jewar into one of India’s leading electronics and semiconductor…
Iran’s annual inflation rate surged to 88.6% in June, the highest in recent months, as the Middle East war intensified pressure on an economy already struggling with sanctions and years of hyperinflation. Iran’s annual inflation rate surged to 88.6% in June, the highest in recent months, as the Middle East war intensified pressure on an…
