
Sensex rallies over 350 points to hit record intra-day high, Nifty tops 15,850
The Hindu
Maruti was the top gainer in the Sensex pack, rising over 2%.
Equity benchmark Sensex rallied over 350 points to scale a fresh intra-day record in early trade on June 22, tracking gains in index-heavyweights Reliance Industries, HDFC twins and ICICI Bank, amid a positive trend in global equities. After touching a lifetime intra-day peak of 52,957.13, the 30-share BSE index was trading 374.92 points or 0.71% higher at 52,949.38 in initial deals. Similarly, the broader NSE Nifty surged 115.05 points or 0.73% to 15,861.55. Maruti was the top gainer in the Sensex pack, rising over 2%, followed by M&M, L&T, TCS, ICICI Bank, SBI and HDFC twins.
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.










