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Subscribe to enjoy similar stories. New Delhi: When Bell Laboratories developed the first silicon solar cell in 1954, a technological breakthrough that converted sunlight into electricity, the invention made headlines. “It may mark the beginning of a new era," went a story in The New York Times, “leading eventually to the realization of one of mankind’s most cherished dreams—the harnessing of the almost limitless energies of the sun." That hope was born out of a humbling statistic: the amount of sunlight that strikes the earth’s surface in an hour and a half is enough to meet the world’s energy demand for a year.

The Nifty IT index fell 2.9%, while the benchmark Nifty ended 0.1% lower Wednesday.

Subscribe to enjoy similar stories. Shares of India’s largest information technology (IT) service providers tanked Wednesday after at least three brokerages raised concerns about the industry’s growth recovery in FY26.

recession this year and a risk of lasting damage to the country's standing as an investment destination if the administration undermines trust in U.S. governance, according to J.P. Morgan's chief economist. «Where we stand now is with a heightened concern about the U.S. economy,» Bruce Kasman, the U.S. investment bank's chief global economist, told reporters in Singapore on Wednesday. He said he has not yet revised any forecasts, but put a roughly 40% recession risk into the outlook — up from about a 30% chance he had reckoned on at the start of the year. J.P. Morgan's current forecast is for 2% U.S. GDP growth this year. U.S. stocks have suffered their sharpest selloff in months over recent days as investors have grown nervous that President Donald Trump will slow the economy with import duties. Ninety-five percent of economists polled by Reuters last week across Canada, Mexico and the U.S. said recession risks in their economies had increased as a result of Trump's tariffs.

BEIJING — China's latest move to boost consumption isn't meant to jolt all kinds of spending.

Building wealth through SIPs requires an understanding of compound growth which is similar to finding the perfect outfit through patience and timing. Consider this: If you invest ₹10,000 monthly in SIPs for 25 years with a 12% return rate you will accumulate ₹1.48 crores. The 2024 Wealth Report from Morgan Stanley indicates that women investors knowledgeable about compounding outperform their counterparts by 42% in long-term returns. Curating your financial wardrobe: Selecting mutual funds Developing a balanced mutual fund portfolio should mirror the process of building a versatile wardrobe. Start with:

Elon Musk has called for the privatisation of the United States Postal Service (USPS). He argued that government-run entities should face market competition to drive efficiency. The proposal was made during a Morgan Stanley technology conference in San Francisco. His stand aligns with that of President Donald Trump’s on the matter.

Jefferies, JPMorgan, and Morgan Stanley have shared their views on Varun Beverages, M&M Financial Services, and Polycab India, respectively, maintaining positive ratings and raising target prices.

The note dated Sunday was the latest from analyst Adam Jonas, a longtime Tesla bull who has praised the company's push beyond autos as sales face pressure from high U.S. borrowing costs and fierce Chinese competition including from BYD.

Subscribe to enjoy similar stories. Luxury watchmakers are keeping a close eye on India as demand for premium timepieces rises, with several global watch company heads doing the rounds of the country in the past year or so. From Panerai to Rado to Hublot, India is becoming the new playground for luxury brands, driven by a rising class of affluent consumers.

US stock market has risen in 2025 and isn't far from its all-time high set last week. But it's climbed less than stock indexes in Mexico City, Paris and Hong Kong. The difference in performance has been so stark than an index of stocks from 22 of 23 developed economies around the world, excluding the United States, has trounced the S&P 500: a 7.5 per cent rise through Monday versus 1.7 per cent for Wall Street's benchmark.

Subscribe to enjoy similar stories. In a bid to be in line with proposed Reserve Bank of India (RBI) norms regarding business overlaps and holding limits of banks in their subsidiaries, Axis Bank Ltd has begun exploring a possible sale of Axis Finance Ltd, two persons familiar with the development said on the condition of anonymity. Further, the two people added that a planned public listing of Axis Finance has been set aside in favour of a private selloff because of potential higher valuations.

Four major banks will pay fines totalling over £100 million (US$127 million) to settle a long-running antitrust case over collusion by their traders, who shared sensitive information in chatrooms about buying and selling gilts after the 2008 financial crisis.

bond yields climbing to new heights, it's time for investors to change their strategies, according to Morgan Stanley’s CIO and chief US equity strategist Mike Wilson.

The Trump administration may create powerful tailwinds for two vastly different market groups: Big banks and small cap stocks.

Hero MotoCorp shares will be in focus on Friday after the company reported a 12% year-on-year rise in standalone net profit for the December quarter, reaching Rs 1,203 crore against Rs 1,073 crore a year ago. The figure surpassed Street estimates of Rs 1,122 crore. Revenue from operations rose 5% to Rs 10,211 crore from Rs 9,723 crore in the same quarter last year, exceeding the ET Now Poll estimate of Rs 10,152 crore. The company said both revenue and profit for the first nine months of FY25 were the highest ever.

Lazard had a good first quarter, a great second quarter, and a fantastic third quarter. Today its Q4 results are out and a different adjective is needed. Lazard had a frugal fourth quarter.

HSBC is winding down itsM&A and equity capital markets (ECM) businesses in Europe and the US. While insiders purport to be surprised, the closures have an air of inevitability. HSBC's bankers are peculiarly unproductive in terms of revenues per head. In the Americas, Dealogic says HSBC ranked outside the top 10 for M&A and ECM last year. In Europe, it squeezed in with a ninth position in ECM, down from 7th in 2023. 

If you thought soaring profitability and revenues were a shoo-in for soaring bonuses, sorry. As we noted a few weeks ago, this has not been the case for 2024. At Goldman Sachs, for example, profitability and revenues rose by 68% and 16% respectively in 2024, but spending on pay rose by 8%. 

A selloff was triggered after a cheap AI model from Chinese startup DeepSeek climbed to the top of Apple’s appstore, sparking concerns that valuations of the technology may be tough to justify. Japanese stocks fell, with chip-related shares extending Monday’s declines. That was after the S&P 500 dropped 1.5% and the Nasdaq 100 sank 3%. Nvidia Corp., the poster child of the AI boom, suffered the biggest market-cap loss for a single stock in market history.