As Pandemic Boom Wanes, JP Morgan Downgrades India’s IT Industry


JP Morgan downgrades India’s IT sector as pandemic boom fades Soaring inflation, supply chain issues, and the Ukraine war-hit will end the growth boom India’s Information Technology (IT)  services industry enjoyed during the pandemic; JP Morgan analysts said on Thursday that they downgraded the sector to “underweight”. The $194-billion sector whose software services helped businesses … Read more

After Stablecoin Meltdown, US Crypto Industry Tries To Contain Fallout

After Stablecoin Meltdown, US Crypto Industry Tries To Contain Fallout

US crypto lobbyists in push to contain fallout from stablecoin meltdown The cryptocurrency industry is scrambling to respond to U.S. lawmakers’ concerns about stablecoins following the collapse of TerraUSD, which wiped billions off the cryptocurrency market. The Blockchain Association and the Chamber of Digital Commerce, which represent some of the most influential crypto companies, say … Read more

Goyal pushes for supply of cotton to local industry

Photo: Bloomberg

Commerce minister Piyush Goyal has asked the cotton spinners and traders to prioritise supply of cotton and yarn to the domestic industry. This comes after a crucial meeting between industry stakeholders and the government on Tuesday evening on rising cotton prices in the country. The government has also formed a ‘Cotton Council of India’ to … Read more

Prateik Chaudhary: Industry gives fair amount of chance to newcomers

Actor Prateik Chaudhary, who left his established business to give acting a chance, feels that to live one’s passion one should be ready to risk it all! “Till 2019, I was into business and slowly I realised that this is not that I want to do all my life…there is more to my life Actor … Read more

‘From zero to 100’: B.C. wedding industry booming without pandemic restrictions

It’s been more than a month since the last pandemic restriction was lifted in British Columbia — a milestone clearly visible in the calendars of wedding planners. – Advertisement – In the past three months, Vancouver’s Paige Petriw said she’s seen an “insane” number of bookings, largely due to pent-up demand. “We had an almost … Read more

India named Country of Honour at Cannes, industry reacts

Industry insiders react as India gets selected as official Country of Honour at the 75th Cannes Film Festival this year. The Indian film industry has a reason to be proud. In what’s a first, India will be the ‘country of honour’ at the Marché Du Film, organised alongside the 75th Cannes Film Festival this year. … Read more

Journalists, Film Industry Mourn Landmark Pico Closing

movie theater

Entertainment journalists and industry professionals lamented the disappearing arthouse film scene in Los Angeles following Landmark Theaters’ announcement that it will shutter its Pico Boulevard location at the end of May. In a statement to media Wednesday, Landmark Theaters president Kevin Holloway said that the location has tried to extend its tenancy to no avail. … Read more

Blockchain Needs “MP3” Music Moment To Win Over Markets: Industry Experts

Blockchain Needs

Blockchain, or distributed ledger technology (DLT), underpins cryptoassets like bitcoin. London: Blockchain needs its own music industry ‘MP3’ moment as fragmented regulation and technology hamper the development of a digital securities industry that could help realise its full potential, industry officials said. Blockchain, or distributed ledger technology (DLT), underpins cryptoassets like bitcoin and allows many … Read more

Crypto Industry Urges Government To Lower TDS On Transactions

Cryptocurrencies May Be Taxed At Par With Lottery, Casino Wins: Report

Crypto industry wants govt to lower TDS on transactions New Delhi: The crypto industry has urged the government to reduce the TDS on payments towards gains arising from trading in cryptocurrencies to 0.01 or 0.05 per cent, from the proposed 1 per cent, saying it will hurt retail traders. CoinDCX CEO and Co-Founder Sumit Gupta … Read more

Kartik Aaryan says miscommunication is common in film industry: ‘You can lose work because of it’

Kartik Aaryan has opened up about miscommunication in the film industry. The actor said that it is very common in the industry and can also make you lose work. Last year, Kartik exited Dharma Productions’ Dostana 2, which also stars Janhvi Kapoor. There had been several reports that his exit was due to a falling … Read more