Tue, Feb 6, 2024 12:24 AM
Bond yields slump as government cuts market borrowing plan for FY25
A Flip by Shubhangi Gupta
Indian IT services are poised for growth, fueled by a favorable US business environment and rising technology spending. Despite past immigration challenges, the sector adapted, and with anticipated tax cuts and increased investments in healthcare and banking, companies like 📌Coforge and 📌HCL Technologies are well-positioned to lead.
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President-elect Donald Trump promised repeatedly during his campaign to expand oil drilling in the U.S., which is good news for political leaders in Alaska, particularly in the Arctic National Wildlife Refuge, which environmentalists seek to protect and some Alaska Native communities want to open for drilling.
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The Indian market has dropped 10% from its peak, fueled by foreign institutional investors' selling, global uncertainties, and weak earnings, sparking fears of a prolonged downturn; however, historical data suggests that corrections are common and essential, and the market will rebound stronger, with signs of a potential recovery on the horizon.
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