Related Stories
South Korea's Kospi Tumbles 6% Amid Gulf Conflict and Inflation Fears
South Korea's Kospi stock market plunged 6% on Monday, driven by escalating Gulf conflict, rising oil prices, and inflation fears. Major tech stocks like SK Hynix and Samsung Electronics saw significant drops, contributing to the market's entry into technical bear territory.
India Rejects Quick Trade Deal with US, Seeks Better Terms
India has rejected a swift trade agreement with the U.S., demanding more favorable terms and assurances on key issues like agricultural concessions and avoiding new U.S. levies. India's confidence is bolstered by new trading partners, eased economic risks, and rising exports, strengthening its negotiating position.
India's IPO Pricing Stabilizes, Further Easing Expected
India's IPO pricing for venture-backed companies has stabilized due to a deeper market supported by domestic mutual funds. Experts expect pricing to ease further as foreign investors return in H2 2024.
Tata Consultancy Services Announces Major Leadership Changes and New Business Units
Tata Consultancy Services (TCS) has announced significant leadership changes and the formation of new business units, including Travel, Transport, and Energy. This overhaul aims to refocus the organization on key markets and industry segments amidst challenges from AI disruption and evolving operational models.
Tata Consultancy Services Defers Projects Amid West Asia Conflict Uncertainty
Tata Consultancy Services is deferring projects in key sectors due to macroeconomic uncertainties stemming from the West Asia conflict. The IT giant reported flat sequential growth and a 13.9% year-on-year increase in rupee terms, with expectations of improvement in Q2 driven by a growing AI deal pipeline of $2.6 billion.
Quick Commerce Sector Faces Business Model Scrutiny in India
India's quick commerce sector is facing scrutiny over its business models. A retailer body has requested a government review of Amazon and Flipkart's quick commerce expansion, while Zepto's model is under investor review ahead of its IPO.