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Information technology stocks faced a downturn on Monday, pulling market indices down due to President Trump's decision to increase H-1B visa costs. The Nifty IT index experienced a significant drop, with major companies like Infosys, TCS, and Wipro declining. This move heightened concerns about the sector's growth prospects, already facing uncertainty from AI and a demand slowdown in the US.
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The United Nations reiterated its support for a two-state solution as the only viable path to resolving the Israeli-Palestinian conflict, ahead of a key General Assembly session. Several nations, including France, Canada, the UK, and Australia, have formally recognized the State of Palestine, increasing international pressure on Israel.
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News and Media
Anand Rathi Share & Stock Brokers is set to launch an IPO. The company aims to raise 745 crore. This fresh equity will fund long-term working capital needs. The IPO will dilute promoter stake to 69.9%. The firm's active clients have increased significantly. Revenue has nearly doubled in recent years. The company provides broking and distribution services.
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News and Media
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