# Stock market

• The Indian stock market will completely move to a shorter training cycle – called the T+1 settlement system – on January 27.
• This would allow buyers and sellers to get shares and money respectively, in their accounts one working day after they trade on the exchanges.
• A move to a shorter settlement cycle could give investors the options to trade more by rolling the funds and shares faster.
• On November 8 2021, all the stock exchanges, depository and clearing corporations had jointly announced the move to the shorter T+1 settlement cycle in a phased manner.

# IT companies

• The top four providers of IT services in India have together added less than 2000 employees in the third quarter of FY 23.
• The hiring slowdown trend began in the second quarter, when the four companies net hired 28836, which was about half of what they had added in the first quarter.
• Both TCS and Wipro saw a net decline in the net headcount.

# Demat accounts

• Total number of demat accounts rose to 10.8 crore in December 2022, a surge of 34% on a yearly basis.
• The reasons for the increase are attractive returns from equity markets, ease of account opening process and increased financial savings.
• The incremental additions were 21 lakh last month, compared to 18 lakh each in October and November.

# Vande Bharat express

• Prime minister Narendra Modi on Sunday virtually flagged off the Vande bharat train services between Secundrabad in Telangana and the port city of Visakhapatnam in Andhra pradesh on the auspicious occasion of Makar Sankranti.
• This Vande Bharat will be the eighth to be introduced by Indian Railways.