Employees of TCS work inside the company headquarters in Mumbai, India. Reuters
Inayat-ur-Rahman, Business EditorAs India completes 75 years of Independence, the nation may look back with pride on the spectacular progress made by the country in all sectors of the economy. Strong fundamentals of the economy were best exemplified when the pandemic struck hitting every nation – big or small. While some of the front-ranking states crumbled, India was able to contain the damage to a large extent. Though the economy took a big hit, India managed to ensure that economy moves back to its growth path at the earliest.
Government’s efforts to reverse the slowdown on the back of a sluggish GDP growth is expected to induce volatility in the Indian equity markets during the coming week.
Indian shares dropped the most in nearly four weeks on Friday, ending down over 1%, as investors locked in profits following the benchmark indexes hitting multiple record highs this week and as a proposed US stimulus package failed to surprise.
India’s key stock markets continued their bull run during Tuesday’s trading session as budget decisions continued to boost positive sentiments. Sensex of the Bombay Stock Exchange (BSE)
The partnership between the two companies is arguably one of the biggest industry developments in the pandemic aftermath in Middle East and North Africa (Mena) region.
LUXHABITAT Sotheby’s International Realty has announced that it has successfully closed the single biggest residential land sale in Jumeira Bay Island for Dhs180 million ($50 million).
China’s central bank cut key lending rates in a surprise move on Monday to revive demand as data showed the economy unexpectedly slowing in July,