Monday, August 10
Videotelephony firm Zoom, telecom giant T-Mobile and low-cost airline Southwest Airlines are among the latest global companies considering the establishment of global capability centres (GCCs) in India, said people aware of the matter, adding that they are in talks with several states toward this end.“There is interest across the board, even from non-tech companies to have their GCCs in India,” one of the people said. “These are large global firms that are looking for a place that provides access to good tech talent and India provides that in abundance. The success of other companies that have benefited from this model is propelling newer, more niche names to consider India.”T-Mobile and Southwest Airlines didn’t respond to queries.“We do not comment on rumours or speculation,
The markets witnessed a corrective move in a volatile week while ending lower. Nifty trended lower throughout the week and ended on a negative note. The index oscillated in a wide intra-week range of 733 points as it moved between 25,653 and 24,919. India VIX surged sharply by 24.80% to 14.19, indicating a sudden spike in risk perception and uncertainty. Nifty ended the week with a net loss of 645.70 points or -2.51%.The current technical structure of Nifty reflects a significant breakdown. After failing to confirm a breakout, the Index has slipped below the trendline that was drawn from the high formed in September 2024. It has also slipped below the short-term 20-week moving average and now hovers near the lower Bollinger Band. The lower Bollinger band also aligns with the 50-week MA pla
Indian equity markets ended the week on a tepid note, pressured by profit-booking, persistent foreign institutional investor (FII) outflows, and renewed concerns over global trade disruptions linked to U.S. tariff rhetoric. Early optimism, driven by earnings upgrades at Infosys and selective gains in banking counters, was short-lived, as sentiment turned negative following underwhelming results from sectoral peers and broader earnings disappointments.The backdrop of rising geopolitical tensions, particularly the U.S. administration’s aggressive stance on Greenland and threats of retaliatory tariffs, added to the unease, triggering a broad-based sell-off across domestic equities.Global markets were initially shaken by a sharp risk-off shift after U.S. President Donald Trump issued forcefu
ICICI Prudential Mutual Fund has announced to grandfather two of its fund of funds under the Sebi framework with effect from January 27, 2026. The two fund of funds are - ICICI Prudential Passive Multi-Asset Fund of Fund and ICICI Prudential Global Advantage Fund (FOF).The fund house informed about this to its unitholders through a notice cum addendum.The notice cum addendum said that pursuant to SEBI’s letter to AMFI dated February 6, 2025, on ‘Framework for launching of Fund of Fund (FOF) schemes with multiple underlying Funds’ read with amendments/clarifications as issued from time to time and SEBI’s letter dated January 20, 2026, permitting grandfathering of the scheme, the scheme will be grandfathered with effect from January 27, 2026, as the scheme with its existing asset all
