Sensex jumps 255 points to end at fresh record, Nifty claims 15,900 level
The Hindu
HCL Tech was the top gainer in the Sensex pack, rallying over 5%, followed by L&T, Tech Mahindra, HDFC Bank, UltraTech Cement, ITC and Tata Steel.
Equity benchmark Sensex surged by 255 points to close at an all-time high on Thursday, tracking gains in index majors HDFC Bank, L&T and HCL Tech amid signs of earnings recovery. The 30-share BSE index settled 254.75 points or 0.48% higher at its lifetime high of 53,158.85. It touched a record intra-day peak of 53,266.12. Similarly, the broader NSE Nifty rose 70.25 points or 0.44% to its all-time high of 15,924.20. It hit a record intra-day peak of 15,952.35. HCL Tech was the top gainer in the Sensex pack, rallying over 5%, followed by L&T, Tech Mahindra, HDFC Bank, UltraTech Cement, ITC and Tata Steel.
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.










