salil parekh infosys

AI tools to widen scope for IT cos: Parekh

Salil Parekh, CEO and MD, Infosys (File photo) New Delhi: Infosys CEO Salil Parekh suggested that stock market investors may be misreading the impact of AI tools from companies like Anthropic, arguing that rather than shrinking opportunities for IT services firms, such technologies are likely to expand and reshape the demand for their capabilities. He…

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epfo

EPFO considers review of investment options

New Delhi: The Employees Provident Fund Organisation (EPFO) is likely to constitute a high-powered committee to study its investment objectives, policy and guidelines as it eyes higher returns on its nearly Rs 31 lakh crore corpus based on contribution from over 30 crore members. The issue was discussed at last week’s investment committee meeting, which…

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Share of Russian crude in India’s oil imports falls to lowest since November 2022; Middle East supplies rise

India, the world’s third-biggest oil importer and consumer has reshaped its crude sourcing strategy, according to data from industry sources. Russian crude shipments in January made up the smallest portion of New Delhi’s oil imports since late 2022. During the same period, supplies from the Middle East rose to their highest share, Reuters reported quoting…

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‘Quite ridiculous’: Piyush Goyal dismisses investor fears over future of India’s IT sector

Union commerce minister Piyush Goyal on Wednesday dismissed investor concerns over the future of India’s IT sector as “ridiculous”, stressing that technology firms will play a central role in the growth of artificial intelligence.Speaking at the GEC event and responding to recent investor concerns, Piyush Goyal said, “Of late, I’m seeing in the stock market…

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piyush goyal

India eyes diversification of crude oil sources; Piyush Goyal says would ‘love’ high-quality coking coal from US

Goyal said India can produce goods in areas where US manufacturers may not be competitive. India is looking to diversify its sources of crude oil, Commerce Minister Piyush Goyal has said. Goyal’s comments assume significance in light of the India-US trade deal joint statement which lowers tariffs on Indian exports to 18%. The Donald Trump…

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