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Cognizant has reduced its Tamil Nadu workforce by 10,000 amid cost pressures and operational changes, redirecting new hires to emerging cities like Kochi, Indore, and Jaipur. This move aims to tap lower costs and fresh talent pools, signaling a broader industry trend away from traditional IT hubs like Chennai.
ஈரான் போர் – பெட்ரோல் விலை: Iran conflict disrupts global crude oil supplies, severely impacting India, which imports over 90% of its oil needs. Indian refineries rely on a specific 79:21 sour-to-sweet crude blend like Iranian oil for cost-effective processing, but current market shortages force pricier alternatives, pushing barrel costs to $160. Oil companies like IOCL and HPCL absorb massive da
India’s largest investor LIC is going contrarian by pouring thousands of crores into beaten-down IT stocks like TCS and HCL Technologies during the AI fear selloff, boosting its tech holdings significantly. While others dump amid concerns over AI disruption, LIC sees undervalued opportunities in the sector and slashes exposure to banking giants like SBI and HDFC Bank. ஏஐ அச்சத்தில் ஐடி பங்குகள் சர
India is reportedly offering a 20-year zero tax incentive to global tech giants like Amazon, Google, and Microsoft to build data centers and export cloud services. The bold move could replicate the 1991 IT boom model and potentially transform cities like Chennai into global AI and cloud hubs.
NBFCs like Muthoot and Manappuram seek bank-like priority sector lending status in the budget, to access cheaper funds, potentially lowering interest rates for loans under Rs 50,000, especially in rural areas.
India’s UPI platforms like Google Pay, PhonePe, and Paytm have revolutionized daily transactions, enabling instant payments everywhere from small shops to malls. However, cybercriminals are exploiting this ease, leading to a surge in frauds through phishing links, fake refunds, and tampered QR codes.
Major Indian IT firms like TCS, Infosys, HCLTech, Wipro, and Tech Mahindra are projected to deliver subdued Q3 FY26 revenue growth of up to 2.3% sequentially due to seasonal weakness and global economic uncertainty. A depreciating rupee offers minor relief. Bearish sentiment drove a 1.4% drop in the Nifty IT index, with brokerages like CLSA downgrading stocks and analysts anticipating slow recover
Indian investors can ride the global AI boom through these top 7 mutual funds holding 40-79% in AI giants like NVIDIA, Microsoft, Apple and Amazon. Mirae NYSE FANG+ ETF leads with 79.23% AI allocation and 345% 3-year returns. NASDAQ-100 and S&P 500 trackers from Motilal Oswal, ICICI Pru and Mirae Asset deliver 145-345% 3-year gains. Even diversified funds like Parag Parikh Flexi Cap offer 11.5% in
Following the RBI’s repo rate cut to 5.25% on December 5, major banks like HDFC Bank, Punjab National Bank, Bank of Baroda, Indian Bank, Bank of India, and Bank of Maharashtra have lowered their lending rates for home and retail loans. This pass-through reduces EMIs for existing floating-rate borrowers or shortens loan tenures, depending on benchmarks like RLLR, RBLR, or MCLR, with changes effecti
Jewellery insurance acts like a safety net for your gold, diamond, silver, or gemstone pieces, covering theft, loss, or damage even if stored at home or in a bank locker—banks won’t pay for losses there.
