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S&P 500 Dips To 5-Month Low As Earnings Season Highlights Struggles Of ‘Magnificent 7’ Tech Stocks To Keep Rally Afloat

S&P 500 Dips To 5-Month Low As Earnings Season Highlights Struggles Of ‘Magnificent 7’ Tech Stocks To Keep Rally Afloat

Share to FacebookShare to TwitterShare to LinkedinTopline Major stock indexes slipped to their lowest levels since May this week as the largest technology companies struggle to hold up the broader market’s gains, an issue on full display amidst the ongoing third-quarter earnings season. Sentiments have grown bleaker on Wall Street. Getty Images Key Facts The…

India’s Reliance readies credit card debut

India’s Reliance readies credit card debut

India’s fast-growing co-branded credit card market may soon see a new entrant: the country’s most valuable firm. Reliance is working with the state-backed lender SBI to launch two co-branded credit cards on the homegrown Rupay network, according to documents reviewed by TechCrunch. The cards, called Reliance SBI Card, will offer some “exclusive” benefits, such as…

Tata to start manufacturing iPhones in India

Tata to start manufacturing iPhones in India

Tata Group will start making iPhones in India for the local and global markets, India’s Deputy IT Minister Rajeev Chandrasekhar announced on Friday, moments after Wistron’s board approved the sale of Taiwanese firm’s plant in the southern part of India to the tech-to-airline conglomerate. Wistron’s board approved the deal to sell Wistron InfoComm Manufacturing (India) Pvt…

Tech companies seek 12-18 month extension for India data-protection law compliance

Tech companies seek 12-18 month extension for India data-protection law compliance

The Asia Internet Coalition, a powerful industry group that represents Apple, Google, Meta, Microsoft and many other tech companies, has requested India’s IT Ministry for an extended deadline to comply with certain provisions of a newly approved data protection regulation governing user data processing. In a Thursday letter to India’s IT Minister Ashwini Vaishnaw and…