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
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
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
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
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
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
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, 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 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 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
