
Sensex jumps 322 points in early trade
The Hindu
Sensex jumps 322 points in early trade on global cues; Nifty tops 19,400
Continuing their positive momentum, the benchmark stock indices jumped in early trade on Wednesday (August 30), with the Sensex surging more than 322 points amid positive global cues.
The Sensex jumped 322.09 points or 0.49% to 65,397.91 points, while the broader Nifty rose 84.30 points or 0.44% to 19,426.95 points.
In the Sensex pack, the majority of the stocks were trading in the positive territory.
M&M, Tech Mahindra, Tata Steel, Axis Bank, Infosys and Reliance Industries were among the gainers.
Asian markets, including Japan and Hong Kong, were trading marginally higher on Wednesday (August 30).
On Tuesday, the European and U.S. indices closed in the green.
The Sensex gained 79.22 points to close at 65,075.82 points, while the Nifty rose 36.60 points to settle at 65,229.03 points on Tuesday.

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.










