Infosys AGM: Nandan Nilekani says tech-giant hired 19,230 graduates in India

IT major Infosys recruited 19,230 graduates in India and 1,941 outside India to serve the burgeoning demand for digital acceleration, Nandan Nilekani, Chairman of Infosys said on Saturday.”We continue to strengthen our talent pool by recruiting 19,230 graduates in India and 1,941 outside India to serve our…

The importance of up-skilling blue-collar workers in the new normal

India is a country with a large number of blue-collar workers, estimated at around 300 million. While skilling and development programs are widely implemented for the white-collar staff; there is a lack of structured training programs and institutes available for the blue-collar workforce. Since the incorporation of…

Government must fear inflation more than RBI

The release of the minutes of the Monetary Policy Committee shows that at least two members are very worried about inflation.Jayant Verma a vocal external member of the MPC writes: “Indian inflation rates have been consistently well above the midpoint of the tolerance zone for an extended period and are forecast to…

The Week Ahead: Here are key events that will guide the market next week

The Indian equity benchmark indices, Sensex and Nifty ended lower for the week gone by, snapping a four-week gaining streak. The Nifty declined 0.7 percent, while the Sensex closed around 0.2 percent lower. Investor sentiment weakened after the US Federal Reserve hinted at interest rate hikes by 2023 and taper the…

Bottomline: These stocks gave 1000% since Mar ’20; but what about fundamentals

The market is a sentimental beast. It swings from extreme pessimism to unbridled optimism (sanity lies somewhere in the middle). And in that process, it tends to distort valuations. We seem to be experiencing just this sort of euphoria in certain pockets of the market today. But to get a better sense of the nature of…

Global Markets: Fed update weighs down Wall Street, adds fuel to the dollar

All three main indices on Wall Street dropped Friday with investors wary of a more hawkish stance from the US Federal Reserve, while the dollar posted the strongest gains in over a year and oil prices continued a steady climb. After starting the week near record highs, US stocks have steadily dropped since Fed…

Cryptocurrency Prices on June 18: Bitcoin retests $37k as Fed taper concerns linger; Ether, Dogecoin slip 3%

The cryptocurrency market on Friday was broadly trading in the red, reeling from the Federal Reserve’s hawkish surprise to the investors. On Wednesday, Fed said it could raise interest rates by late 2023, earlier than what everyone expected. However, some remain optimist that Bitcoin may remain resilient, even as its…

Paytm Seeks Shareholder Approval For $1.6 Billion Sale Of New Stock: Report

Digital payments firm Paytm is seeking shareholder approval to sell up to ₹ 12,000 crore in new stock in what could be the South Asian country’s biggest-ever initial public offering at a total of $3 billion. Paytm, which counts China’s Alibaba and Japan’s SoftBank as backers, will…

Economy May Have Shrunk 12% In June Quarter Due To Covid Second Wave: Report

The Indian economy may have contracted 12 per cent in the June quarter due to lockdowns imposed by the states in April and May to contain the second wave of the deadly Covid-19 pandemic, according to a report by UBS Securities India. The economy had contracted by 23.9 per cent in the same quarter last fiscal. The…

Sensex Recovers 850 Points From Day’s Low, Snaps Two Day Losing Streak

The equity benchmarks staged a strong recovery from intraday lows and snapped their two-day losing streak as late buying in Reliance Industries, HDFC Bank, Bajaj Finance, Hindustan Unilever and Infosys helped negate selling pressure in State Bank of India, Mahindra & Mahindra, NTPC and ONGC. The Sensex…