The sharp correction in the Indian markets from their peak levels has made valuations attractive, say analysts, who advise buying selectively, but only from a long-term perspective. Fifty-six of the Nifty 100 stocks, according to Mahesh Nandurkar, managing director at Jefferies, now trade below the 10-year historical averages, including stocks in financial, select auto, and pharma sectors. "Valuation (one-year forward consensus price-to-earnings, PE) has declined 25 per cent from October 2021 peak, almost matching the 33 per cent price-earnings contraction during the 2011 tightening cycle when repo rates went up by 375 basis points (bps) versus 250 bps this cycle.
Social media needs to be made more accountable and stricter rules in this regard could be brought in if there is political consensus on the matter, Information Technology Minister Ashwini Vaishnaw said in Rajya Sabha on Friday.
More than 6,000 URLs, accounts or websites were blocked in 2021, Parliament was informed on Wednesday.
Earnings growth, attractive valuations and change in FPI flows from negative to positive over the next 12 months are some of the key triggers for an upside. "A poor monsoon, high inflation and further rate hike are some of the key risks
'The biggest risk to the Indian markets from a 12-18-month view is that the current government does not get re-elected, or loses in a way that is not represented at all in the next central government.'
Prime Minister Narendra Modi has rejigged his team only once, in July 2021, in his second term, unlike in his first stint, when he reshuffled and expanded his council three times.
Fayyaz Ahmed Bhatt (30) was held on Sunday from Badgam in the northern Union Territory with the help of police there, the VP Road police station official said.
A bench headed by acting Chief Justice Vipin Sanghi, which was hearing a petition against the allegedly obnoxious posts on Maa Kali by user 'AtheistRepublic', directed Twitter to explain how it undertakes the blocking of accounts.
The government has identified nine key focus areas in the AI national programme, including agriculture, education, Indian languages, smart cities, cybersecurity, transportation, and finance.
The victims were promised IT sector jobs in Thailand by an agent.
Moody's Investors Service on Wednesday affirmed the ratings of two major Indian IT services companies, Tata Consultancy Services Limited (TCS) and Infosys. In two separate statements, Moody's also retained stable outlook for both the companies. Moody's expects Infosys' revenues to climb by around 13 per cent for the financial year ending March 31, 2023, but moderate to around 8 per cent in the next 2024 fiscal.
'There are many things we need to work on.' 'At the heart of it is, one, the extent of inequality, which is not good for democracy and nation; two, a structural decline on how a country ought to function, how people should be held accountable, whose role is what.'
In an official statement, R S Bawa, Pro-Chancellor, Chandigarh University said, 'There are rumours that seven girls have committed suicide whereas the fact is that no girl has attempted any such step. No girl has been admitted to the hospital in the incident.'
Nasdaq-listed information technology (IT) services firm Cognizant will incur the cost of $400 million over two years as it sets to restructure its operations amid sluggish growth rates. Its NextGen Program aims at simplifying the operating model, optimising corporate functions, and consolidating and realigning office space to reflect a post-pandemic hybrid work environment. As part of this structural shift, Cognizant will eliminate 80,000 seats, or 11 million square feet of real estate in large cities in India.
The Nationalist Congress Party, the main opposition outfit, accused the neighbouring state, ruled by the Bharatiya Janata Party, of 'snatching morsel from Maharashtra's mouth.'
Elevated food price-led inflation could become a sore point for markets, which they seem to be ignoring at current levels, observe analysts. Retail inflation in India - as measured by the Consumer Price Index (CPI) - came in at a three-month high of 6.52 per cent in January 2023, compared with 5.72 per cent in December and 5.88 per cent in November 2022. The inflation print for February, according to Madan Sabnavis, chief economist at Bank of Baroda, will be critical for the Reserve Bank of India's monetary policy committee.
The Supreme Court on Wednesday directed no citizen can be prosecuted under Section 66A of the Information Technology Act, 2000, which it had scrapped way back in 2015.
An aggressive rate hike by the US Fed and the possibility of a recession can trigger a slide in these stocks, which will be a good opportunity to buy from a long-term perspective.
'As the Indian economy continues to expand over the next three years, mid- and small-caps should do well as they have higher exposure to the domestic economy than large-caps.'
A complaint petition was filed in a court in Bihar's Muzaffarpur against State Information Technology Minister Mohammad Israel Mansuri for visiting the Vishnupad temple in Gaya.
The Indian office real estate market, which had recovered significantly in early 2022, began to slow down in the latter half due to macroeconomic problems in the developed world. Rental yields are likely to be stable at best in FY24.
The Information and Broadcasting Ministry on Saturday clarified that the provision in the new digital media guidelines to block internet content in a case of emergency nature has been around as a rule since 2009 and was not recently introduced.
The minister also made it clear that "all platforms that do business in India and/or want to continue to do business in India, must use correct maps".
Kumar, a 1992-batch Indian Administrative Service officer of Tamil Nadu cadre, is currently an additional secretary in the ministry of electronics and Information Technology.
The International Olympic Committee (IOC) too, is going big on popularising e-Sport with Singapore being confirmed to host the inaugural Olympic Esports Week in June next year.
The Mumbai police has registered an FIR against unidentified persons for posting obscene comments and issuing death threats to journalist Rana Ayyub on her social media accounts, a police official said on Monday.
The CBI action comes following a complaint from the Union home ministry.
Dip in attrition rates and higher bench strength seem to be signalling a normal year for hiring in FY24.
PEs and VCs are taking a closer look at their bouquet of investments. Leading voices in the sector are categorical that cash-burn rates -- that's blowing up equity to acquire market share -- as a business model can't continue to be the polestar.
Their favourite alternatives: Malaysia, Vietnam and the Philippines. Note, India is missing from that list. And this is despite an attractive financial incentive scheme for OSAT players. The reason, said a senior executive of a US chip company who had a meeting in Taiwan just a few weeks ago, is that "they want more predictability in government policy because they plan to put in big money."
Sonia Gandhi said that in the last 75 years, India has left an indelible mark on the international arena in all fields including science, education, health and information technology through the hard work of its talented people.
Industry players said IT hiring was not as strong as it was in 2022. One reason is the high bench IT firms have due to earlier hiring.
The court also imposed a fine of Rs 35,000 on him.
'Markets could face uncertainty in the short to medium term.' 'It would be prudent to invest in alternative asset classes, especially debt, for about a year.' 'Bank fixed deposits are offering rates as high as 9 per cent per annum and these can be used as a great hedging tool until equity markets stabilise.'
Taking note of the submissions of the Delhi police, the court asked the probe agency to place the chargesheet filed in the case before it.
Talking to reporters at the accident site, he said the issue is of electric point machine, a vital device for railway signalling, and electronic interlocking.
Tharoor questioned about the alleged hacking of phones using spyware Pegasus, to which the officials responded that the matter is subjudice.
The agenda for the meeting is 'Evidence of the representatives of the Ministry of Electronics and Information Technology, Ministry of Home Affairs and Ministry of Communication (Department of Telecommunications) on the subject of 'Citizens' data security and privacy'.
Sriram Krishnan, an Indian-origin technology executive, is "helping out" Twitter's new owner Elon Musk as he revamps the social media giant following its acquisition by the billionaire entrepreneur.
'The Fed rate will peak in the range of 5.1-5.3 per cent during the second quarter of CY23 and will most likely stay there for a while before rate cuts start in CY24.'
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