Sensex jumps over 150 points in opening trade, Nifty tests 15,700
The Hindu
PowerGrid was the top gainer in the Sensex pack, rising over 1%.
Equity benchmark Sensex jumped over 150 points on June 7 tracking gains in index heavyweights ICICI Bank, ITC and SBI amid sustained foreign fund inflow and mixed cues from global markets. After jumping nearly 180 points in the opening session, the 30-share BSE index turned flat to trade 20.04 points or 0.04% higher at 52,120.09 in initial deals. Similarly, the broader NSE Nifty advanced 29.20 points or 0.19% to 15,699.45. PowerGrid was the top gainer in the Sensex pack, rising over 1%, followed by L&T, NTPC, ONGC, ITC, SBI, Bajaj Auto and ICICI 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.










