Sensex drops over 100 points in early trade, Nifty slips below 15,800
The Hindu
L&T was the top loser in the Sensex pack, shedding around 1%.
Equity benchmark Sensex tumbled over 100 points in early trade on July 23, tracking losses in index majors HDFC Bank, ICICI Bank and L&T amid sustained foreign fund outflow. After opening over 150 points higher, the 30-share BSE index pared all gains to trade 141.67 points or 0.27% lower at 52,695.54 in initial deals, while the broader NSE Nifty declined 42.05 points or 0.27% to 15,782. L&T was the top loser in the Sensex pack, shedding around 1%, followed by Sun Pharma, Bajaj Finance, HDFC Bank and Kotak Bank.
GCCs keep India’s tech job market alive, even as IT services industry embarks on a hiring moratorium
Global Capability Centres, offshore subsidiaries set up by multinational corporations, mostly known by an acronym GCCs, are now the primary engine sustaining India’s tech job market, contrasting sharply with the hiring slowdown witnessed by large firms in the country.

Mobile phones are increasingly migrating to smaller chips that are more energy efficient and powerful supported by specialised Neural Processing Units (NPUs) to accelerate AI workloads directly on devices, said Anku Jain, India Managing Director for MediaTek, a Taiwanese fabless semiconductor firm that claims a 47% market share India’s smartphone chipset market.

In one more instance of a wholly owned subsidiary of a Chinese multinational company in India getting ‘Indianised’, Bharti Enterprises, a diversified business conglomerate with interests in telecom, real estate, financial services and food processing among others, and the local arm of private equity major Warburg Pincus have announced to collectively own a 49% stake in Haier India, a subsidiary of the Haier Group which is headquartered in Qingdao, Shandong, China.










