MUMBAI: Markets regulator Sebi on Thursday said that exchanges that have derivative products on non-benchmark indices will have to readjust the weights of their constituents in such a way that no one stock dominates the index. As of now there are derivative products on BankNifty, Bankex and FinNifty.In addition to the existing rules for constructing…
Frank Bisignano, who holds top jobs at the Social Security Administration and the I.R.S., sold his stake in Fiserv before the company’s stock cratered this week. Source link
BENGALURU: TCS’s $6.5 billion capex blueprint for the AI data centre move goes beyond risk capital—it signals a push to build capabilities and perhaps prevent tech colonisation. Indian firms are increasingly turning to private capital to expand capacity and meet surging digital demand.In a recent interview with TOI, TCS CEO K Krithivasan said it aims…
Graydon Carter, the legendary Vanity Fair editor who founded Air Mail, is leaving the company. Source link
MUMBAI: Markets regulator Sebi on Thursday allowed investment advisers (IAs) and research advisers (RAs) to share their past performance till the time the Past Risk and Return Verification Agency (PaRRVA) is set up. These advisers will be allowed to share past performance data provided by a chartered accountant or a chartered management accountant only on…
The company’s revenue rose to above $100 billion in the quarter for the first time, and profit soared 86 percent. Source link
NEW DELHI: The statistics ministry is proposing that the housing index compilation methodology be revised significantly as part of the base revision exercise of the consumer price index (CPI).As a part of CPI, housing constitutes a major component with an expenditure share of nearly 21.7% in urban areas and 10.1% at the all-India level in…
Rather than advancing the U.S.-China relationship, the concessions that President Trump and President Xi Jinping of China agreed to in their meeting in South Korea on Wednesday appear to have largely rolled back the clock, returning to the terms of an earlier truce. Mr. Trump agreed to reverse some of his tariffs and paused new…
BENGALURU: Tech firms and AI platforms are stepping up hiring, with AI-first roles now dominating new job openings. As companies accelerate their adoption of AI, demand for professionals skilled in data architecture, machine learning, and generative AI is soaring. India’s strong technical talent, adaptability, and scale make it impossible for global firms to overlook in…
MUMBAI: The Rs 6,632-crore initial public offering for Billionbrains Garage Ventures that runs the digital financial services company Groww, is set to open on November 4 and close on November 7. At the upper end of the Rs 95-100 price band for the IPO, the company is valued at nearly Rs 62,000 crore. The shares…
