Don’s return brings cheer to IT, but euphoria may be short-lived

November 7, 2024

Indian IT companies saw their stocks surge following Donald Trump’s presidential election victory. The rally was fueled by optimism surrounding Trump’s pro-business policies, which are expected to boost IT spending. However, potential protectionist measures under a Trump administration pose a risk for Indian software exporters, potentially hindering the sector’s growth.

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Hindalco shares dip 7% as Novelis’ net income falls by 18% YoY

Hindalco’s shares plummeted 7% following subsidiary Novelis’s announcement of an 18% drop in net income, settling at $128 million for Q2 FY2025. Despite a 5%

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