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Indian tech industry to hit $300 bn revenue in FY26, workforce to reach 5.8 mn in FY25

Feb 24, 2025

New Delhi, Feb 24 (IANS) The Indian tech industry is projected to reach $300 billion revenue in FY26, a Nasscom report said on Monday, adding that in the current fiscal (estimated), the industry will add at least 126,000 net new employees, taking the total workforce to 5.8 million.Amid shifting global economic patterns and evolving market dynamics,…

Over 26 pc of equity MFs in India outperform respective benchmarks in Jan

Feb 24, 2025

Mumbai, Feb 24 (IANS) More than 26 per cent of equity mutual funds in India outperformed their respective benchmarks in January this year, a report said on Monday.The report, based on analysis of 291 open-ended equity diversified funds,…

Business

AI’s impact on agriculture ‘phenomenal’: Satya Nadella, Elon Musk react

Feb 24, 2025

New Delhi, Feb 24 (IANS) The impact of artificial intelligence (AI) on agriculture is ‘phenomenal’, said Microsoft CEO Satya Nadella on Monday.Sharing a video on social media platform X, Nadella highlighted the use of AI to increase the…

Business

45 pc young Indians choosing stocks as their primary investment option: Report

Feb 24, 2025

Bengaluru, Feb 24 (IANS) Forty-five per cent of Indians, under age 35, are now picking up stocks as their primary investment option, a new report said on Monday.The growing interest in the stock market is driven by increased financial…

Business

Banks to play key role in attaining $350 billion target for Indian textile sector

Feb 24, 2025

Mumbai, Feb 24 (IANS) Banks should play an important role in meeting the credit needs of textile sector, which supports 5.4 crore jobs and whose market size is targeted to grow from $172 billion to $350 billion by 2030, Textile Commissioner…

Business

Global brokerages give thumbs up to India’s evolving EV policy

Feb 24, 2025

New Delhi, Feb 24 (IANS) Global brokerages and financial services majors have hailed India’s evolving electric vehicle (EV) policy which would help companies like Tesla to enter the country in a seamless way.According to Nomura, India’s EV…

Business

South Korean telcos set to showcase AI techs at upcoming MWC 2025

Feb 24, 2025

Seoul, Feb 24 (IANS) South Korea's three major mobile carriers are set to bring their latest artificial intelligence (AI) technologies to the upcoming global mobile technology trade fair in Spain next month, the companies said on Monday.The…

Business

Indian stock market opens lower, Sensex below 75,000

Feb 24, 2025

Mumbai, Feb 24 (IANS) The Indian benchmark indices opened lower on Monday amid weak global cues, as selling was seen in the IT and financial service sectors in the early trade.At around 9.34 am, Sensex was trading 541.66 points or 0.72 per…

Business

Foreign currency deposits rise for 2nd month in South Korea amid uncertainty

Feb 24, 2025

Seoul, Feb 24 (IANS) Foreign currency deposits rose for a second consecutive month in January as companies secured more dollar holdings amid heightened uncertainties, the central bank here said on Monday.Outstanding foreign…

Business

India hosting ILO-sponsored global meet to promote social justice

Feb 23, 2025

New Delhi, Feb 23 (IANS) Union Minister of Labour & Employment Mansukh Mandaviya will inaugurate the two-day regional dialogue on social justice under the Global Coalition for Social Justice and the observance of the 74th Foundation Day…