The Indian market ended lower on Friday, with benchmark indices Sensex and Nifty retreating from recent highs as investors turned defensive ahead of the Union Budget this weekend. By the end of the session, the benchmarks had pared some losses, with the Sensex down 296.59 points or 0.36% at 82,269.78, while the Nifty fell 98 […]
As markets head into the Union Budget week, investor attention remains split across electronics manufacturing services (EMS), oil and gas stocks, and select fintech names. In an interaction with ET Now, market expert Sandip Sabharwal struck a cautious note on high-valuation EMS players like Dixon Technologies, while also sharing a more tactical view on oil […]
The merger could strengthen Musk’s push to build AI-powered data centres in space, reducing energy costs and boosting competitiveness against rivals like Google, Meta and OpenAI | Photo Credit: NEW YORK, Jan 29 (Reuters) – Elon Musk’s SpaceX and xAI are in discussions to merge ahead of a blockbuster public offering planned for later this […]
Meta Platforms, Inc. (NASDAQ:META) is one of the AI Stocks in Focus on Wall Street. On Janaury 26, Evercore ISI analyst Mark Mahaney reiterated an Outperform rating on the stock with an $875.00 price target. The rating affirmation comes ahead of the company’s fourth-quarter earnings report, due on January 28. The firm anticipates that Meta will post […]
NEW DELHI: The telecom industry has urged the finance ministry to sharply cut licence fees and temporarily pause mandatory contributions to the Digital Bharat Nidhi in the upcoming Union Budget, saying the current regulatory levies are limiting its capacity to invest in next-generation networks. A commuter walks past the building of India’s Ministry of Finance […]
The Indian Rupee has slipped to another record low against the US Dollar, a day before the Reserve Bank of India spells out its latest monetary policy decision. The rupee weakened to 90.42 against the U.S. dollar, eclipsing its previous all-time low of 90.29 hit on Wednesday. (Bloomberg) The rupee weakened to 90.42 against the […]
India’s equity markets are entering a structurally stronger phase one defined less by liquidity and more by earnings recovery, corporate resilience, and steady domestic participation. DII inflows via mutual fund SIPs exceeding ₹20,000 crore a month have become a stabilising force, cushioning the market during FII outflows. (HT) Over the next 5-7 years, outlook for […]
OpenAI Inc. has unveiled a free AI shopping tool that it says can generate a personalised buyer’s guide for ChatGPT users during the upcoming holiday season in the US. ChatGPT’s new AI shopping tool is different from the regular text interaction that ChatGPT users have grown accustomed to. (Photo: Adobe Illustrator) While ChatGPT has always […]
Mahindra & Mahindra Ltd. has sold its entire 3.5% stake in RBL Bank Ltd. at 62.5% gain, ahead of an open offer by Dubai’s Emirates NBD to acquire a majority stake in the private lender. RBL Bank’s stake sale to Emirates NBD is seen as the biggest foreign investment in India’s financial services sector. (Livemint) […]
Starlink Satellite Communications Pvt. Ltd. has listed at least four jobs in India, months after Elon Musk-led company received regulatory approvals to launch satellite internet services for the the world’s largest online population. In all the job postings, Starlink said it will prioritise local applicants but remote and hybrid work is not on offer. (Representative […]