The campus is set to become the largest dedicated hub for AI and technology companies in the Middle East and North Africa
uae9 hours ago
Indian stocks fluctuated as software exporters and automobile stocks advanced before the central bank's policy review Tuesday, countering losses in energy and telecom companies.
Infosys, the second-largest software exporter, climbed to a two-week high. Mahindra & Mahindra, a tractor producer, was the best performer on an index of automakers, which rallied to a three-month high. Coal India and Sun Pharmaceutical Industries fell more than one per cent each.
The S&P BSE Sensex rose less than 0.1 per cent to 26,145.67 at the close, after changing direction at least 20 times. The gauge posted a second weekly gain on Friday amid optimism the government will be successful in pushing through the parliament a bill for a nationwide sales tax, a proposal that's been repeatedly blocked by opposition parties.
"The momentum is positive on optimism about the goods and services tax bill, but weak Asian markets are not giving confidence," Alex Mathews, the head of research at Geojit BNP Paribas Financial Services, said by phone from the southern state of Kerala. "Automakers are rallying as they are likely to report good sales numbers for the festive season."
The Sensex retreated 1.9 percent this month, the most since August, as foreigners pulled $793 million, the biggest monthly withdrawal since September. - Bloomberg
The campus is set to become the largest dedicated hub for AI and technology companies in the Middle East and North Africa
uae9 hours ago
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This inclusive community service is available daily on Al Hamriya Beach from 6.00am to sunset
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