Infosys chairman Nandan Nilekani envisions a future where energy is traded in small amounts similar to digital payments. Households will produce, store, and trade energy, transforming the energy landscape. Regulatory reforms and formalisation are necessary to enable this shift, which could create millions of energy entrepreneurs and unlock massive opportunities in India.
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The rupee fell by 8 paise, closing at 86.95 against the US dollar on Tuesday due to demand for dollars linked to maturing non-deliverable forward (NDF) contracts and regional currency weakness. Outflows of $12 billion from local stocks by foreign investors in 2025 further pressured the rupee.
The Maha Kumbh Mela in Prayagraj is driving a significant increase in trucking activity, with up to a 40% surge anticipated. Truck rentals have risen sharply, particularly on the Delhi to Prayagraj route. The highest demand is seen for transporting FMCG, fruits, vegetables, textiles, and petro products. CNG transport is also increasing due to event-specific requirements.
Reliance Industries Ltd has achieved the second-best brand ranking globally in the FutureBrand Index 2024, rising 11 places from its previous position. The Index evaluates companies on brand perception and ability to align with evolving market and consumer dynamics, with Samsung taking the top spot.
US stocks surged following President Trump's temporary tariff exemption on key tech products, boosting tech-heavy indices. The Dow, S&P 500, and Nasdaq all experienced significant gains, with tech giants like Apple and Nvidia leading the rally. European and Asian markets also responded positively, driven by renewed confidence in the tech sector and strong Chinese export data.
Infosys reported an 11.46% rise in net profit to Rs 6,806 crore for the December quarter FY25, driven by growth in financial services and manufacturing. Revenue growth boosts its FY25 guidance to 4.5-5%. The company added 5,591 employees, planning to hire over 15,000 more this fiscal.
The sensex closed 499 points higher at 78,540 on Monday with gains in financials and IT stocks, influenced by softer US inflation data. Domestic funds recorded a net inflow of Rs 2,228 crore. HDFC Bank, Reliance Industries, ITC, and ICICI Bank were major contributors to the rally.
Alteria Capital, India's largest venture debt manager, secured an anchor investment from the International Finance Corporation (IFC) in its Shorter Duration Scheme. The fund will address short-term liquidity needs for licensed fintech companies, consumer brands, and EV OEMS, further supporting new economy companies in India.
US stocks climbed Wednesday, driven by tech gains ahead of Nvidia's crucial earnings report. Nvidia soared 4%, its performance seen as critical after concerns over AI infrastructure surfaced. The S&P rose 0.6%, the Nasdaq 100 added 1%, while the Dow Jones gained 0.1%.
The Nasdaq tumbled 2.7 percent early Monday due to the emergence of DeepSeek, a low-cost Chinese generative AI venture, challenging US tech companies. Major AI players like Nvidia, Meta, and Microsoft saw significant stock drops as investors reevaluate the competitive landscape and investment outlook.
The Bombay High Court stayed a special court order directing the registration of an FIR against ex-SEBI chairperson Madhabi Puri Buch and five officials for alleged stock market fraud and regulatory violations, noting the order was passed mechanically. The High Court has given four weeks to the complainant to file his affidavit in reply to the petitions.