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Ankur Rudra of JPMorgan says on a broad-based basis, we do not have the visibility that industry growth is going to double digits yet and hence, as we go towards the end of FY25, we may not have the momentum we need for FY26 to be a double-digit growth year. More specific sectors are doing well. Some sub-segments like financial services, maybe parts of high-tech are doing well. Some of the midcaps are doing well but broad-based recovery is still elusive. If there is any kind of macro impact, that is the main sort of headwind to watch out for. A lot of questions are being raised about whether Indian IT services can catch up with the AI boom or whether services providers will manage to beat the product manufacturers dominant in the US? What is your view? Ankur Rudra: On the AI side of the equation, it is useful to take a step back and remember that tech services companies effectively tend to implement a lot of the new technology that comes by. At the moment, it is AI, before this was cloud. So, to implement AI at an enterprise level, most large enterprises will need IT services companies to help them with doing that to integrate IT and AI into their processes. I think there will be a role for them.

The X account for internet entrepreneur Kim Dotcom says he has suffered a “serious stroke.”

Hundreds of supporters of India’s main opposition party have protested against billionaire Gautam Adani, who was recently indicted in the U.S. for alleged fraud and bribery, and accused the government of protecting the Indian coal magnate whose compani...

While investors have gained clarity on many political leadership questions that loomed a year ago, new uncertainties have emerged. According to Karen Ward, EMEA chief market strategist at JP Morgan Asset Management, the focus has shifted to the policies that will shape and steer markets in the years ahead. Speaking at the firm's 2025 Outlook roundtable, Ward said that while investors now know who is residing in the various political offices in the US, the UK and other countries, the picture about what the fiscal agenda will be is greyer than it was a year ago. JP Morgan AM's Karen ...

Bitcoin may be on song, but there’s plenty more keeping fans abuzz in the crypto verse. Over the past month a new cohort of memecoins have been delivering windfall gains to investors. Scripted with generous lashings of community humour these new coins such as X, Dogwifhat, Peanut the Squirrel, Popcat and Goatseus Maximus have crypto investors in thrall following Donald Trump’s ascension as US President Elect and Tesla founder Elon Musk’s consequent rise having triggered an explosion in crypto valuations. Even as Bitcoin is inching closer to the $100,000 mark having surged 49% over the last month, Dogwifhat, the Japanese dog with a hat, touched a market cap of $3.3 billion, making it the 36th ranked coin among 2.4 million currencies. Peanut the Squirrel (PNUT) surged by 2,315% since its launch this month,according to CoinMarketCap, a price-tracking website for cryptocurrencies.

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Service workers at Charlotte Douglas International Airport plan to go on strike during a busy week of Thanksgiving travel to protest what they say are unlivable wages

Subscribe to enjoy similar stories. SUMY , UKRAINE : In Russia’s Kursk region just north of here, Russian assaults are so intense that their infantrymen sometimes step on the bodies of fallen comrades, according to Ukrainian soldiers opposing them there. Russian glide bombs weighing one ton crash onto Ukrainian supply roads.

The Thanksgiving travel rush is expected to be bigger than ever this year

A federal judge in Texas is set to hold a hearing on whether the satirical news outlet The Onion made a valid bid for the Infowars platforms of conspiracy theorist Alex Jones

A spate of iconic rebrands in recent weeks have left some people reeling in a consumerist society where what we buy says a lot about who we are

Donald Trump Jr. is reportedly playing a key role in shaping the cabinet selections of his father, President-elect Donald Trump, according to USA Today.

Rajya Sabha chairman Jagdeep Dhankar said discussions over Gautam Adani's indictment in United States over alleged bribergy charges worth $256 million will not be allowed in the Upper House. Vice President and Rajya Sabha chairman in opening session said that he has received 13 notices from Members of Parliament (MPs) for discussion over allegations against Adani Group. Amid furour, the Rajya Sabha was adjourned till 11:45 pm.

Alexandria. Activists and local residents accuse the plant operated by the Alexandria Portland Cement Company (APCC), a subsidiary of Greece’s Titan Cement, of fouling the air by burning coal. «Every night, we see particles falling from their chimneys. Under street lights, you can clearly see the dust raining down,» said Mostafa Mahmoud, a grocery store owner in the Wadi al-Qamar neighbourhood.

energy crisis for Europe, which is still reeling from extreme shocks two years ago. Escalating tensions in Ukraine have contributed to about a 45% surge gas prices this year. While levels are still far below 2022 records, they are high enough to risk deepening a cost-of-living crisis for households and intensifying competitive pressure on strapped manufacturers. Gas storage is a lifeline during the coldest periods but inventories this year are rapidly declining after frosty temperatures increased demand for heating and a wind drought required more usage for power generation.

contingency plans for military deployments in Japan and the Philippines in case of an emergency over Taiwan, Japan's Kyodo news agency reported. They will be incorporated in a first joint operation plan to be formulated in December, according to sources familiar with Japan-US relations, Kyodo said late Sunday. A US Marine regiment which possesses the multiple-launch HIMARS (High Mobility Artillery Rocket System) would be deployed along Japan's Nansei island chain stretching from Kyushu to Yonaguni near Taiwan, Kyodo said.

China over the past year has often felt like watching a looking-glass parody of the US. In America, electric vehicles have been in retreat all year. General Motors Co. and Ford Motor Co. have scaled back expansion plans and cut jobs amid flagging demand for battery cars. Analyst expectations for Tesla Inc.’s fiscal 2024 net income are barely a third of what they were two years ago. Even Apple Inc. junked its 10-year, multi-billion secretive project to build a revolutionary EV. On the other side of the Pacific, things couldn’t be more different. Battery and plug-in cars, which made up just 5% or so of the market in 2020, comprised 49.8% of all car sales in October, and only one out of the top 10 sellers came without a plug. Even the threat of tariffs from trade partners has barely slowed manufacturers’ global ambitions. What’s more, phone companies have, almost overnight, become major players.

Additionally, the INDIA bloc will be looking forward to cornered the BJP-led NDA alliance over rising tensions in Manipur as well billionaire Gautam Adani's indictment in the United States for alleged bribery worth $256 million. «A total of 42 leaders from 30 political parties were present in the meeting. There are many topics. Everyone has asked for discussion on some topics but we want that there should be a good discussion in the Lok Sabha and Rajya Sabha. The government is ready to discuss any topic. Our only request is that the House should run well and there should be no ruckus. Every member wants to participate in the discussion but the House should run well. To run the winter session well, everyone's cooperation is needed and everyone's participation is necessary,» Union Parliamentary Affairs Minister Kiren Rijiju had said after the Centre called all-party meeting chaired by Union Minister Rajnath Singh.

«I hereby give notice of my intention to ask for leave to move a motion for the adjournment of the business of the house for the purpose of discussing a definite matter of urgent importance,» Tagore, whip of Congress party in Lok Sabha wrote in a letter to the Secretary General of Lok Sabha. In the letter, Tagore expressed his desire to discuss the matter related to the United States (US) indictment of Gautam Adani over the «bribery, securities, fraud, and wire fraud» charges against Adani Group.

The trial in a Virginia federal court is Google's second ongoing US antitrust case as the US government tries to rein in the power of big tech. In a separate trial, a Washington judge ruled that Google's search business is an illegal monopoly, and the US Justice Department is asking that Google sell its Chrome browser business to resolve the case.

Huawei Technologies Co. for breaching US laws shocked President Xi Jinping’s inner circle and raised questions over whether Donald Trump would intervene in the case. Trump now faces a similar dilemma after US prosecutors charged Gautam Adani — India’s most powerful businessman and a close ally of Prime Minister Narendra Modi — in a $250 million bribery scheme. While Modi’s party called it a private matter, and Adani’s company denied the allegations, the case threatens to roil US-India diplomatic ties. Although Trump didn’t intervene in the Huawei case, which was eventually settled in 2021 after he left office, on its face he’ll have more incentive to make this case go away. Beyond Trump’s personal connection with Modi, the incoming US president has packed his team with China hawks who want to see stronger ties with India to counterbalance Beijing’s power in the region.