Foreign institutional investors (FIIs) are sharply reducing exposure to technology sector, amid rising concerns that advances in artificial intelligence could disrupt traditional software services business models that have long powered the country’s IT industry.FIIs pulled out Rs 10,956 crore from Indian IT stocks in the first fortnight of February alone, as the launch of new…
Stock market today: Benchmark equity indices snapped a three-day winning streak on Thursday, with the Sensex plunging over 1,200 points and the Nifty closing near the 25,450 mark amid a broad-based sell-off triggered by escalating geopolitical tensions between the US and Iran.The 30-share BSE Sensex tumbled 1,236.11 points, or 1.48 per cent, to settle at…
India’s state-owned Bharat Petroleum Corp (BPCL) and private refiner HPCL Mittal Energy Ltd (HMEL) have each bought one million barrels of Venezuelan Merey crude oil, marking BPCL’s first-ever purchase and HMEL’s first in two years, according to Reuters sources on Wednesday. The deals, arranged through trader Vitol, will increase India’s Venezuelan oil imports to at…
Gold and silver price prediction: Gold may extend its rally to the Rs 1,63,000 per 10 grams mark and silver has managed to sustain support, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. MCX Gold Price Outlook On the weekly chart, MCX Gold has been moving in a consolidation phase after…
The Income Tax Department has flagged cases involving non-disclosure of overseas assets and foreign income. (AI image) Income Tax Notice alert! The Income Tax Department is cracking down on alleged misreporting of income by senior executives across multinational companies and startups. Several such executives earning over Rs 50 lakh have received tax notices from the…
Stock market today (AI image) Stock market today: Indian equity benchmarks are slowly inching upwards, with Nifty50 and BSE Sensex opening in green after three days of gains. While Nifty50 was above 25,850 in early trade, BSE Sensex rose over 100 points. At 9:18 AM, Nifty50 was trading at 25,861.55, up 42 points or 0.16%….
AI image used for representative purposes Russia’s foreign ministry firmly claimed on Wednesday that it has “no reason to believe” that India changed its stance on purchasing Russian oil, despite US claims suggesting otherwise. The ministry emphasised that the oil trade benefits both nations and helps maintain global energy market stability, while dismissing recent statements…
Top stocks to buy (AI image) Top stock market recommendations: Sona BLW Precision Forgings, PFC, and NLC India are the top stocks that Aakash K Hindocha, Deputy Vice President – WM Research of Nuvama Professional Clients Group recommends buying today. Here is the expert’s view on Nifty, Bank Nifty for February 19, 2026:Index View: NiftyNifty…
Salil Parekh, CEO and MD, Infosys (File photo) New Delhi: Infosys CEO Salil Parekh suggested that stock market investors may be misreading the impact of AI tools from companies like Anthropic, arguing that rather than shrinking opportunities for IT services firms, such technologies are likely to expand and reshape the demand for their capabilities. He…
How is gold taxed? (AI image) Gold is a safe haven asset globally – and it’s also the traditional go-to savings and investment bet in India. Gold prices have been rising unprecedentedly over the last 18 months and investors are rushing to buy the yellow metal amidst global economic and geopolitical uncertainty.Investment in gold can…
