Senior executives from companies like HP, Dell-EMC, and NTT are leaving their positions to start AI ventures. Sharad Sanghi from NTT India started Neysa, and Rajiv Srivastava, Rajesh Janey, and Rajnish Gupta founded CoreOps.AI. Ankur Jain started Jivi AI in healthcare. These executives see a significant opportunity for innovation with AI in India.
India's ECM volumes surged past $70 billion in 2024, overtaking major markets like China and Japan and cementing its position as the world's second-largest ECM deal hub, behind the US.
The Aditya Birla Group firm has completed the acquisition of 10.13 crore equity shares of India Cements (ICL), representing 32.72% of the equity share capital of the company.
The bourse in its board meeting on Tuesday approved the issuance of 119 crore shares to these investors at ₹2 apiece, in a fresh attempt to revive the beleaguered market intermediary.
The chosen avenue for generating alpha, these funds opened a new plan almost weekly, on average, and drew record subscriptions, showed data from the Association of Mutual Funds of India (AMFI).
Some like Haier and Midea Group are using a mix of cash reserves and loans including external commercial borrowings (ECBs), while financials of Lenovo and Xiaomi showed an increase in their cash reserves and borrowings, indicating preparations for higher working capital needs for expanding operations.
The Modi administration remains focussed on building 62,500 km rural roads in five years by connecting 25,000 rural habitations under the fourth and the latest phase of PMGSY by revamping the ongoing programme, the person said. The target is on top of rural road projects already sanctioned or planned in the earlier phases. The government had announced the fourth phase of the rural roads scheme in the July budget The scheme is aimed at substantially improving road connectivity in remote areas, stimulating economic growth and alleviating poverty.
The extent of net profit has improved significantly over the past few quarters. The sample's net profit in the latest quarter was two-and-a-half times ₹36,741 crore reported in the September 2021 quarter.
Netflix' version of 'Beyonce Bowl' appears to have become a huge hit as social media is currently on about the 2024 Christmas NFL halftime show during the Houston Texans versus Baltimore Ravens game. But, people are more curious about the country album 'Cowboy Carter' which was performed during the gala show.
Investors with high exposure to mid-caps should start planning for Q3 earnings and how the stocks in their portfolio will react to them. So, while being cautiously bullish, also be nimble-footed when it comes to trading positions. Remember that valuations are not cheap; everything is priced to perfection. As for the long-term trend, unless something hugely negative rocks the global markets, the probability of the mid-caps outperforming the broader market continues to be high. ET Screener, powered by Refinitiv’s Stock Report Plus... Читать дальше...
Funding in India's electric vehicle (EV) sector has dropped significantly between 2022 and 2024 due to policy changes and a decline in sales growth. The PM-E Drive Scheme has influenced this downturn, with leading investment rounds such as Ather Energy's propelling growth despite the challenges.
Bharat Petroleum Corp and Coal India plan a Rs 12,000-crore coal gasification project in Maharashtra, aiming to boost the National Coal Gasification Mission. The project, with a debt-to-equity ratio of either 70:30 or 65:35, will produce synthetic natural gas, enhancing cleaner energy and energy security.
Select stocks gain momentum even in volatile markets.
The stock hit a record high of Rs 791 on August 9, 2024, before slipping 17% to close at Rs 655. After testing Rs 540 in October, it rebounded and broke out of an Ascending Triangle pattern, indicating renewed bullish momentum as buying pressure overtakes selling pressure.
Income Tax officials in Jaipur uncovered cryptocurrency transactions during raids on wedding planners, seizing over ₹20 crore in cash and jewellery and freezing three crypto wallets. The planners allegedly converted cash from clients into cryptocurrencies like USDT and Bitcoin, using hawala networks to move unreported funds.
It was a dream run for the Kansas City Chiefs on Christmas morning as they managed to edge out a superb victory against the Pittsburgh Steelers, with this match going down as another smooth win as the Chiefs are about to close their regular season next weekend. However, there was one or two stars who kept the Steelers at bay throughout the game. Here's what happened
An Amazon driver has made headlines for being under investigation for dumping 80 packages in the woods, which the police then found and took into custody. However, the driver has now claimed that he did this because he was 'stressed'. What's going to happen next?
Beijing is currently working steadily towards reviving its faltering economy, but the United States may be bent on creating more problems for China's economy if Trump introduces the heavy import tariffs for Chinese-made products, something that he had been pitching through the entire US Presidential elections
Numerous renowned and great basketball players suggest that Gregg Popovich had always been a legendary coach and he might be the biggest coach in the history of NBA due to some specific reasons.
The United States could easily be heading towards a major recession in the country as consumer confidence is currently in a free fall ahead of Donald Trump's gala inauguration ceremony. Is recession coming in soon? Here's how bad things are
In a recent development it has come to light that House Speaker Mike Johnson is eventually facing a growing opposition from his very own Republican Party and speculations are going around that he might end up resigning soon.