India’s IT sector nervous as US proposes outsourcing tax

BENGALURU, Sept 11 (Reuters) – India’s massive IT sector faces a lengthy period of uncertainty with customers delaying or re-negotiating contracts while the U.S. debates a proposed 25% tax on American firms using foreign outsourcing services, analysts and lawyers said. The sector

Stock markets trade higher in early trade

Mumbai, Sep 11 (PTI) Equity benchmark indices Sensex and Nifty were trading with gains in early trade on Thursday tracking a rally in Asian markets amid hopes that the US Federal Reserve will cut interest rates next week. Renewed optimism over a

Gold rises Rs 250 to hit fresh peak of Rs 1.13 lakh/10 g

New Delhi, Sep 10 (PTI) Gold prices climbed Rs 250 to scale yet another peak of Rs 1,13,000 per 10 grams in the national capital on Wednesday, buoyed by robust buying by central banks globally, a weak dollar, and lingering geopolitical uncertainties.

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