Hexaware Technologies’s pivot of sorts to Enterprise AI comes at a time when the Navi Mumbai-based IT firm has shrunk, according to latest quarterly results.
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FOT
Markets-Economic Times
F&O Talk: Bullish Nifty charts; Sudeep Shah picks 7 stocks, outlines HDFC Bank, Sterlite Tech strategy
Indian stock markets rallied sharply on Friday, with Sensex and Nifty gaining 2% each, driven by hopes of a US-Iran peace deal and easing crude oil prices. Analysts see potential for further upside in Nifty and Bank Nif...
Jun 13
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FCN
Markets-Economic Times
FCNR(B): Revisiting a proven crisis management tool
Facing renewed external sector pressures, the RBI has revived a version of the FCNR(B) deposit framework to attract foreign currency inflows and support the rupee. While effective for near-term stability, experts say lo...
Jun 13
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ETA
Markets-Economic Times
ET Alpha Wealth Summit | From private credit to real estate funds, alternate investments are no longer a niche play for HNIs: Lakshmi Iyer
Indian wealthy investors are now looking beyond stocks for portfolio growth. A significant shift towards diversifying across various investment types and global markets is evident. The wealth management sector is active...
Jun 13
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ETA
Markets-Economic Times
ET Alpha Wealth Summit | Go for global allocation in a deliberate manner; not as a knee-jerk reaction to short-term underperformance: Rahul Jain
India's wealthy investors are now considering global markets. Wealth managers at the ET Alpha Wealth Summit confirmed this shift. However, experts stressed that a strong domestic asset allocation is crucial before ventu...
Jun 13
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GLO
Markets-Economic Times
Global markets: Stocks rise as SpaceX makes market debut; oil slides on Gulf peace hopes
Global equities rose Friday, led by a surge in SpaceX's market debut, which pushed its valuation past $2 trillion. Wall Street ended higher as investors weighed hopes for an Iran peace deal against the tangible boost fr...
Jun 13
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DOL
Markets-Economic Times
Dollar steadies, set for weekly loss on US-Iran deal talks
The dollar steadied but eyed a weekly loss as Middle East peace talks and SpaceX's massive IPO dominated market attention. The euro edged higher after the ECB's rate hike, while traders awaited the Federal Reserve's upc...
Jun 13
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EUR
Markets-Economic Times
European shares rally as Middle East peace hopes drag oil prices lower
European shares surged on Friday, driven by renewed hopes for a Middle East diplomatic breakthrough that lowered oil prices. The pan-European STOXX 600 advanced significantly, with Spain's IBEX 35 hitting an all-time hi...
Jun 13
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IND
Markets-Economic Times
Indian rupee also gains big against the US dollar
In a remarkable turn of events on Friday, the Indian rupee surged against the US dollar, largely due to a significant decrease in crude oil prices worldwide. Investor confidence was further lifted by President Trump’s r...
Jun 13
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BRI
Markets-Economic Times
Bringing in US dollars: RBI flags off FCNR(B) chase, pushes banks to go all out for forex inflows
In an ambitious bid to enhance India's foreign currency reserves, the Reserve Bank of India is urging banks to ramp up their efforts in attracting foreign currency non-resident deposits (FCNR(B)). By rolling out a serie...
Jun 13
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USS
Markets-Economic Times
US stocks end higher as SpaceX shares surge in market debut
Indian markets saw a positive close on Friday. Hopes for a peace deal between Iran and the United States boosted investor sentiment. SpaceX's debut on the Nasdaq was a historic event, with its shares surging. Other spac...
Jun 13
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JAP
Markets-Economic Times
Japanese investors sought more than $6.2 billion worth of SpaceX shares at IPO, sources say
Japanese investors showed immense interest in SpaceX's record-breaking IPO. They sought over one trillion yen in shares, with retail investors leading the charge. This strong demand mirrored global enthusiasm for Elon M...
Jun 13
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USS
Markets-Economic Times
US stocks: SpaceX shares close 19% higher in historic market debut, value surges past $2 trillion
SpaceX's Nasdaq debut shattered expectations, soaring past $2 trillion and becoming the sixth-largest U.S. company. Investors, from institutions to retail fans, celebrated the record-breaking IPO, which raised $75 billi...
Jun 13
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