Moody’s estimates that higher US H-1B visa fees could raise costs for Indian IT majors by $100 million to $250 million, or about 1% of revenues. While large firms can absorb the impact due to strong margins and cash reserves, smaller companies may face pressure amid rising AI investments.Read More

Japanese government bonds rallied on Thursday, particularly, as investors reacted positively to Prime Minister Sanae Takaichi’s pledge for “responsible” stimulus following her electoral victory. This reassurance led to falling yields across various tenors, including the 40-year and 30-year JGBs, as the market digests her commitment to fiscal prudence.Read More

Bitcoin bounced back to $67,000 mark after dipping to $65,000 yesterday. Strong U.S. jobs data reduced expectations of an early interest rate cut. Major altcoins saw mixed movements. Bitcoin and Ethereum experienced slight declines. Institutional demand through ETFs continues to support prices. Investors are watching upcoming inflation data for further market direction.Read More

Indian benchmark indices fell sharply as stronger U.S. jobs data dampened hopes of near-term Fed rate cuts, triggering a risk-off mood. The Nifty IT index plunged nearly 4%, wiping out Rs 1.3 lakh crore in market value after Anthropic’s new AI tool stoked fears of deeper disruption across India’s tech sector.Read More

Indian IT stocks face pressure from global AI advancements and China’s innovation, triggering sentiment-driven selling. While short-term pain is expected, experts believe the sector’s long-term fundamentals remain strong due to its implementation and customization expertise in cloud and data services.Read More

Tata Consultancy Services’ stock has plunged, pushing its market value below Rs 10 lakh crore. Fears of artificial intelligence disrupting the IT sector are growing. Stronger-than-expected US jobs data also dampened investor sentiment. This has led to a broad sell-off in the Nifty IT index. Experts suggest the Indian IT sector will continue to face...Read More

Japan’s Nikkei share average surpassed 58,000 for the first time. Government bonds and the yen also saw gains. This rally follows Prime Minister Sanae Takaichi’s election victory. Markets are reacting to her fiscal policy commitments. Strong earnings and the LDP’s win are boosting domestic shares. Investors are watching for potential overheating and profit-taking movements.Read More

Foreign institutional investors are returning to India following the US-India trade agreement, but concerns over earnings growth persist. Artificial intelligence is emerging as a significant risk, impacting jobs and business models, particularly in white-collar industries and IT services, leading to potential consolidation and job reductions.Read More

Market expert Neeraj Dewan remains constructive on PSU banks, citing strong earnings and reasonable valuations, suggesting SBI is a buy-on-dips opportunity. He is optimistic about the commercial vehicle sector due to improving capex trends. However, Dewan advises caution on the IT sector due to volatility and potential structural impacts from AI.Read More

Indian government bonds saw a slight dip early Thursday. This move followed a rise in U.S. Treasury yields. Investors are now keenly awaiting India’s inflation data later today. The 10-year bond yield is expected to hover around 6.75% levels. This comes after stronger than expected U.S. jobs numbers. India’s consumer inflation is projected to reach...Read More