Sensex jumps over 400 points in early trade
The Hindu
The Nifty advanced 134.95 points to 16,905.80.
Equity benchmark Sensex surged over 400 points in early trade on Wednesday, December 22, 2021, tracking gains in index majors Reliance Industries, HDFC Bank and ICICI Bank amid a positive trend in global markets.
The 30-share index jumped 449.23 points or 0.80 per cent to 56,768.24 in the opening trade. Similarly, the Nifty advanced 134.95 points or 0.80 per cent to 16,905.80.
IndusInd Bank was the top gainer in the Sensex pack, rising around 2 per cent, followed by Reliance Industries, Tata Steel and M&M.

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.










