Analysts at JPMorgan said on Tuesday the market's narrow leadership was becoming "increasingly unhealthy," with the Magnificent Seven -- Alphabet, Amazon.com, Apple, Meta, Microsoft, Nvidia and Tesla -- accounting for nearly 29% of the S&P 500.
According to the statement, highlighting the need for robust infrastructure and special provisions in the upcoming budget for Generative AI-related innovation, IMT Ghaziabad steered a key discussion on Generative AI's role in skill development, job creation, and business education transformation earlier this month.
To fund AI-related investments, 84% of the respondents are raising new capital or re-allocating it from other investment projects or technology budgets.
India's data centre market has experienced remarkable growth post-pandemic, attracting about USD 7 billion of total investments since 2020," the report said.
Speaking to Yi Xiang, senior vice president of telecommunications equipment company, Huawei, the prime minister said foreign tech companies would be facilitated in all respects with regard to investment and expansion.
Last year 136 countries agreed the first major overhaul in a generation of the rules for taxing multinationals, with measures to be introduced including a minimum tax rate of 15%, intended to discourage companies from booking profits in low tax countries.
The Geneva-based company, whose biggest clients include iPhone maker Apple and electric carmaker Tesla, has beefed up investments to meet high order levels during a turbulent start of the year marked by a global supply chain logjam and soaring energy prices due the Russian invasion or Ukraine.
Semiconductor groups are rushing to ramp up their production capacity to meet the global demand for chips used in products ranging from cars to computers and smartphones.
Vivek Agarwal, president–BFSI, HLS and corporate development at Tech Mahindra, said this was a big capex cycle for large telecom operators as they invest in upgrading their technology to 5G.
Other top investments included the acquisition of container glass packaging manufacturer Piramal Glass, by Blackstone for $1 billion, and $603-million investment in Zomato by global PE firms led by Tiger Global and Kora Management.
The month of May recorded investments worth $5.4 billion across 58 deals, with $4.6 billion invested in Jio Platforms, according to the IVCA-EY monthly PE roundup.
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