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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The popular index continues to defy doomsayers and is on track to hit the 100,000 mark.
The BSE Sensex is on fire. Last Friday, the 30-stock index jumped 1,181 points to close at 61,795 points. It was a record high that came after 13 months. Then, on Tuesday, the index scaled a new peak—61,873—as buoyant bank, auto and energy stocks weighed in. On Wednesday, the Sensex crossed the 62,000 mark for the first time ever.
This is very different to the scenario just five months ago, when the Sensex was in free fall. It hit 51,360 on 17 June, a 16% drop from its peak in January as the tech stock contagion in the US …
Once seen as a threat, global capability centres appear to be becoming a potential growth driver for the country’s IT giants.
The Rs 1,800 crore push into cables and wires may find it hard to rewire a market built over decades.
While the Rs 9,000 crore promoter investment in Q1 brings a measure of reassurance, investors will still have to wait for Jio and retail to work through their challenges.
