Sun, Feb 11, 2024 8:00 PM
Last leg of Q3 earnings among 5 factors to dictate Nifty mood this week
A Flip by Shubhangi Gupta
Emerging technologies like Gen AI and Quantum Computing are expected to create over 10 lakh jobs by 2030, with demand for Cybersecurity, DevOps, and analytics leading the way in India's IT sector. GCCs have emerged as the powerhouse of tech hiring, with a focus on hiring skilled professionals from Tier-2 and Tier-3 cities.
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India's economic growth has slowed, while inflation has risen to 6.21%, prompting calls for the Reserve Bank of India (RBI) to cut interest rates. However, credit growth remains strong, driven by personal loans and home loans, despite higher borrowing costs. The RBI's dilemma is whether to prioritize growth or inflation control, as rate cuts may not necessarily boost consumption and investment.
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Mahindra & Mahindra has committed Rs 4,500 crore on the overall development, including the creation of production capacity, for the two new ground-up electric brands, a top company executive said on Wednesday. The Rs 4,500 crore investment is part of the Rs 16,000 crore capex the company has announced for the electric vehicle business between the FY22-27 cycle.
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