Accenture’s shares plunged over 14% after the IT giant cited the Iran war’s impact, slashing its annual growth forecast and projecting lower-than-expected quarterly revenue. The conflict cost the company $400 million in its Middle East business. To counter a slowdown, Accenture announced $4.18 billion in cybersecurity acquisitions, signaling a strong push into this growth area.
Prime Minister Narendra Modi will release the 23rd instalment of the PM-Kisan scheme on June 20 in West Bengal, transferring Rs 18,880 crore to over 9.44 crore farmers. He will also launch crop insurance schemes, an Agri-Tech platform, and the National Natural Farming Mission, alongside inaugurating rural road projects.
US stocks rebounded on Thursday, recovering previous losses as falling oil prices and easing Treasury yields boosted investor sentiment following a US-Iran agreement to end hostilities. Technology stocks led the gains, with Intel surging after a manufacturing deal. European markets traded lower, while Asian markets, particularly Japan and South Korea, reached record highs.
Funds linked to Indian clients in Swiss banks saw an 8% decline in 2025, totaling 3.25 billion Swiss francs. Despite an overall drop, direct customer account deposits surged over 50%. This follows a significant rebound in 2024, with the SNB clarifying data doesn’t represent black money.
Wipro is increasing its ownership in Aggne Global IT Services to 80% by acquiring an additional 20% stake for USD 2.1 million. This move aims to bolster Wipro’s position in the insurance technology sector, particularly in driving AI and IP-led transformations for the Property & Casualty Insurance market. The transaction is expected to conclude by
Indian equity benchmarks Sensex and Nifty extended their winning streak to a fifth consecutive session on Thursday, driven by falling crude oil prices and optimism surrounding a US-Iran peace deal. The markets closed higher, with gains seen across various sectors, despite some caution due to US Federal Reserve remarks.
National Stock Exchange flagged significant risks in its IPO filing, including regulatory changes, technology failures, and cyberattacks. Heavy reliance on derivatives trading for revenue, contributing over 78% of operating income, makes it vulnerable to Sebi’s tightening measures. AI also presents new challenges, potentially amplifying market volatility and creating new manipulation forms.
The National Stock Exchange of India has filed its draft red herring prospectus for a massive IPO, aiming to raise approximately Rs 30,000 crore. This offering is set to become India’s largest corporate market debut, surpassing the Rs 27,859 crore IPO of Hyundai Motor India.
Thousands of Indian professionals in Britain will soon stop paying dual social security contributions, a major win from the new India-UK pact. This agreement, effective July 15, exempts temporarily deputed employees from host country contributions for up to five years, significantly easing costs for Indian IT firms and boosting bilateral trade.
