Sensex drops over 200 points in early trade; Nifty tests 14,450
The Hindu
Elsewhere in Asia, bourses in Shanghai, Hong Kong and Tokyo were in the red in mid-session deals, while Seoul was trading on a positive note.
Equity benchmark Sensex tumbled over 200 points in early trade on Thursday, tracking losses in index majors Infosys, ICICI Bank and M&M amid negative cues from domestic and global markets. After opening over 200 points higher, the 30-share BSE index reversed all its gains to trade 216.73 points or 0.45% lower at 48,327.33. Similarly, the broader NSE Nifty slipped 62.55 points or 0.43% to 14,442.25.
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.











