Usa Financial News

There has been a marked increase in the number of income tax notices issued to taxpayers across India in recent months. These communications – on everything from defective returns to demands for additional taxes – have caused anxiety and confusion, especially among individual taxpayers. 

Vibhor Singhal, Director, Nuvama, says whenever a new tech trend pops up, industry experts seem to predict the end of Indian IT, almost like they're writing its eulogy. But time and again, these companies manage to rise from the ashes, leveraging these disruptions for growth. Gen AI will likely follow the same path. The next couple of years will be a testing ground filled with proof of concepts and smaller initiatives. However, as technology evolves and becomes more mainstream, and as businesses get a grip on its advantages and drawbacks, Indian IT firms will rebound and reclaim their market presence. The basic sectoral stance that you have on IT is doubling down on a positive stance. What is making you so positive? Vibhor Singhal: Our stance on the IT sector has been positive for the past two years. We have maintained that the demand environment remains quite strong, which is visible in the deal flow that we have seen over the past two years, despite the macro headwinds the sector has witnessed. What was missing in the sector was the deal flow to revenue conversion, which of course had multiple points, two of them majorly being the new deals being awarded were delayed in execution and the older deals that were there in the pipeline of the companies, the discretionary part of that was being put on hold.

GCC) in Hyderabad, where it will be adding around 300 technology jobs by the end of next year.

Khoon Goh, Head of Asia Research, ANZ, says every time the Fed embarks on a fresh easing cycle, the dollar tends to depreciate heading into not only the first rate cut but the second rate cut as well. So, I think there is a further downside in the dollar to come in the coming months. The dollar index continues to be fairly volatile. In fact, from those 106 levels, it is down to 101. Even the Indian rupee for that matter had weakened quite a bit and is almost at the lowest point. What is your sense as to where the dollar is headed next? Khoon Goh: Overall, I am still bearish on the US dollar. I believe the dollar is clearly on a downtrend on the back of expectations that the Fed will start its easing cycle next week. And when we look at history, every time the Fed embarks on a fresh easing cycle, the dollar does tend to depreciate heading into not only the first rate cut but the second rate cut as well. So, I think there is a further downside in the dollar to come in the coming months.

IT stocks were on a roll on Tuesday led by midcap counter Coforge which jumped 5.5% to hit its fresh 52 week high of Rs 6,849.50 on the NSE. However, Infosys led the way in terms of contribution to the index. The rally comes amid favourable views taken by domestic brokerages Motilal Oswal and Nuvama Institutional equities. Nifty IT index was the second best performing sector today (behind Media) in terms of percentage gains at 2.3% or 980 points with all 10 stocks trading in the green.

₹15,000 from last year.Also Read | iPhone 16 launch: iPhone 15 Pro to iPhone 13, top Apple products discontinued this yearHowever, the big question after the launch of the new iPhones is whether these new devices are cheaper to buy in India or abroad like the US, Japan, UAE and more. To help make that decision, we have compared the prices of the iPhone 16 series in different countries.iPhone 16 and iPhone 16 Plus start at the same price as last year, at ₹79,900 and ₹89,900 respectively.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Apple CEO Tim Cook. The ‘Heeramandi’ actress, who attended the launch of Apple's iPhone 16 series at the company's headquarters in the USA along with her boyfriend actor Siddharth, met the entrepreneur and later gushed about their interaction. The ‘Delhi 6’ actress took to Instagram on Tuesday and dropped some pictures of their moments together and wrote, “What an unforgettable, magical experience… thank you, sweetest kindest most venerable #TimCook (sic).

Lollapalooza India 2025 will return with a two-day musical event on March 8 and 9, 2025. The organisers unveiled the star-studded line-up on Tuesday, featuring global headliners and rising talent. The multi-genre festival promises a diverse array of performances across four stages, spanning 20 hours.

A site in New York state has been chosen to build trains for a new high-speed rail line being constructed between Las Vegas and the Los Angeles area

published on Sept. 6 in the journal Science, explains how researchers at Stanford University in California used a common food dye called Yellow No.

Infosys and InCred has a hold rating on SBI Life while CLSA has maintained an outperform rating on ICICI Bank. Morgan Stanley has an overweight call on Suzlon Energy and Goldman Sachs has a buy rating on Marico.

Gold prices remained stable on Tuesday as market participants focused on August inflation figures for hints about a likely reduction in Federal Reserve interest rates this month.

Kamala Harris and Republican nominee Donald Trump. This debate is scheduled for September 11 at 9 pm ET, taking place at the National Constitution Center in Philadelphia.

Oil prices rose about 1% on Monday on concerns that a hurricane forecast to hit Louisiana on Wednesday will disrupt production and refining along the U.S. Gulf Coast. Brent futures were up 78 cents, or 1.1%, to settle at $71.84 a barrel, while U.S. West Texas Intermediate (WTI) crude gained $1.04, or 1.5%, to settle at $68.71.

«This is supported by healthy macros and retail participation. Overall we expect the market to continue its consolidation mode with a gradual up move. US & Europe policy meeting in the near term would keep investors on edge,» said Siddhartha Khemka, Head — Research, Wealth Management, Motilal Oswal.

Federal Reserve interest rate cut next week. The greenback rose for the first time in five sessions versus the Japanese currency, while rising for a second straight day against the euro.

Stocks closed higher on Wall Street, ending a four-day losing streak

Anand Tandon, Independent Analyst, says among themes that will continue doing well will be insurance. Housing finance is going to have a new lease of life. It is a sector where many new companies have got listed over the past two years, and are reporting fairly good numbers. Travel tourism continues to remain reasonably attractive and robust because even today. Selectively, real estate will, for the next 12 to 18 months, continue to report reasonably good numbers. Tandon also says that India is on a trajectory of its own and is not looking for any negative news. As long as the flows continue, the market direction is reasonably settled. What do you make of the market mood right now? Throw in the global worries, throw in earnings downgrades, throw in any other news flow – but the Indian markets only know one direction! Anand Tandon: That is right, there is still a lot of optimism in the domestic market. To some extent, the US market gave a little bit of a push as well because of the expectation that a rate cut in the US may help emerging markets. India is on a trajectory of its own and is not looking for any negative news. As long as the flows continue, the market direction is reasonably settled.

Morgan Stanley said the decline in oil prices would be a cause for concern for Indian equities if the oil market is right about its assessment of a global slowdown. The brokerage said while falling oil may seem good for India's economy, earnings and shares, in practice, the impact depends on the reasons and duration of the fall. «We think it is safe to say that the recent bearishness in the oil markets is being led by growing concerns about slowing demand, and to that extent, its positive impact on India's terms of trade is diluted greatly,» said Morgan Stanley's strategists, including Ridham Desai, in a client note.

Lok Sabha, Rahul Gandhi, arrived at the Washington Dulles International Airport, on Monday (local time).