AI adoption to drive next phase of growth for IT services: Ajay Bagga
Indian IT firms anticipate a strong comeback in FY26. Global trends and increased AI use will drive growth. The Indian stock market also looks set for a recovery. Factors like tax cuts, liquidity, and infrastructure spending are boosting the economy. Positive surprises are expected to lift markets as earnings improve.
REITs and InvITs offer low-risk, mid-teen returns; ideal horizon is 5-10 years, says Embassy REIT CFO
REITs and InvITs offer investors stable, mid-teen returns with long-term growth potential, aligning with global equity classifications. Recent SEBI reforms enhance clarity and broaden participation, transforming India’s commercial real estate market by institutionalizing the sector and democratizing investment opportunities.
Yen heads for sharpest weekly fall in a year as rate hike wagers recede
The yen is experiencing its steepest weekly fall in a year, driven by dwindling hopes of a Bank of Japan rate hike and political uncertainty. Meanwhile, the euro is near two-month lows due to French political turmoil, impacting budget stability. The dollar index has strengthened significantly as markets digest shifting central bank expectations and political […]
Gold poised for eighth weekly rise on firm safe-haven demand
Gold prices are climbing, nearing an eighth consecutive weekly gain. Global uncertainty and anticipated US Federal Reserve rate cuts are driving demand for the precious metal. Investors are seeking safety amidst political turmoil in Japan and France, and a US government shutdown. This trend suggests continued strength for gold as a hedge against economic instability.
Wall Street closes lower, pausing record-setting rally as earnings approach
Indian markets saw a pause as American stocks ended lower. Investors are now focused on upcoming corporate earnings and clues from the Federal Reserve about interest rate cuts. The market awaits signals on economic health and future monetary policy. This period of consolidation precedes a crucial earnings season, with major banks set to report results […]
Can TCS’ $6.5 billion AI data centre push revive its growth momentum?
Tata Consultancy Services is investing heavily in artificial intelligence and data centres. This move aims to build new capabilities for global companies. The company plans to create 1 gigawatt of data centre capacity. This initiative is a strategic response to slowing revenue growth. TCS is also acquiring ListEngage to boost its Salesforce platform.
Can Canara HSBC Life Insurance IPO offer value for long-term investors?
Canara HSBC Life Insurance is set to raise ₹2,518 crore via an offer for sale, reducing promoter stake to 62%. Despite a lower Value of New Business margin due to high operating expenses, the company’s discounted valuation makes it an attractive prospect for long-term investors eyeing the insurance sector. Its embedded value has seen significant […]
Asian shares dip at open, gold trades below $4,000
Asian equities opened lower, mirroring a pause in US stock rallies amid concerns over stretched valuations. While South Korea’s Samsung Electronics surged, other markets saw declines. Investors are reassessing gains spurred by AI-linked tech stocks, with some analysts suggesting a potential bubble, though others point to sustained earnings power.
Kotak MF suspends fresh lumpsum investments in Silver ETF FoF
Kotak Mutual Fund has stopped new lump sum investments in its Silver ETF Fund of Fund. This is because domestic silver prices are much higher than international rates. The fund house wants to protect investors from buying silver at these inflated prices. The shortage in domestic silver supply is expected to continue until late 2025.
HFCs get NHB support to diversify fund sources, loans may cost less
Housing finance companies in India will soon see lower borrowing costs. The National Housing Bank is offering partial credit enhancement on their bonds. This move aims to make home loans more affordable, especially for those seeking affordable housing. Eligible companies must meet certain asset size and credit rating criteria.