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U.S. producer prices increased more than expected in April as the cost of services and goods rose sharply, leading traders to pare back bets of a first rate cut in September.
Lenders prepare to vote on revised bids for Rolta India to choose the buyer, with Ashdan leading despite challenges. The company's debt amounts to ₹14,000 crore, and an appeal to the appellate tribunal is still an option.
Domestic markets recover with India's CPI inflation and Asian markets. Nifty signals positive start in range-bound trading. India VIX measures market fear. Tech-led rally in US affects Federal Reserve. Dollar near low, oil prices rise. Nasdaq hits record high. Certain stocks in F&O ban. FII/DII actions impact Rupee. FII net short increases. Q4 results announcements upcoming.
Sixteen domestic mutual funds, including Kotak and LIC, supported ICICI Bank's proposal to delist ICICI Securities, despite concerns raised by some shareholders. This led to a class-action lawsuit by retail investors and support from ICICI Prudential Mutual Fund.
Ilya Sutskever was removed from OpenAI's board in November last year, after he joined in the effort to fire Altman but later signed an employee letter demanding his return.
Benchmark equities surged for the third consecutive day on Tuesday. PFC, Mankind Pharma, Patanjali Foods, Bharti Airtel, Siemens, and Cipla are in focus for news developments and quarterly results. RVNL, Dixon, and Titagarh will also announce their fourth quarter results today.
Google parent Alphabet on Tuesday unveiled a product called Trillium in its artificial intelligence data center chip family that it says is nearly five times as fast as its prior version.
Finance minister Nirmala Sitharaman highlighted the importance of investor sentiment and financial stability at the Viksit Bharat 2047 event. She stressed the role of both BSE and NSE in ensuring market stability, leveraging technology for efficiency, and adopting a soft-touch regulatory approach.
Hyderabad-based startup Red.Health will use the fresh capital to innovate its product, advance its technology, and improve its dispatch system to minimise human errors and optimise response time.
Adani group companies surged as traders bet on them amid easing BJP election uncertainty. Sensex and Nifty also gained in a market rally. Energy and commodity stocks influenced Adani shares' uptrend, supported by the infra boost from the current government. Adani, as India's largest player, is set to benefit across sectors like renewables, power, and transportation.
Happy Wednesday! The country’s central bank wants more rural users to log into Unified Payments Interface (UPI). This and more in today’s ETtech Morning Dispatch.
President Joe Biden said last week he had delayed a shipment of 2,000-pound (907-kg) bombs and 1,700 500-pound bombs to Israel over concerns they might be used for a major invasion of Rafah, a town in southern Gaza.
UPI user base hovering around 300 million for some time; RBI, banks trying to push up this number
Many other mid-cap IT firms are also eyeing an entry into the billion-dollar club in the coming quarters while the above-mentioned four are chasing the next target of $2 billion, industry observers said. Firms such as Happiest Minds Technologies, Cyient, ITC Infotech and Birlasoft announced their billion-dollar revenue target recently.
U.S. officials and trade experts say that without strong efforts to cut off transshipped or lightly processed Chinese goods from Mexico and other countries, China's underpriced excess production will still find its way into U.S. markets.
New York Justice Juan Merchan, Trump declared on Truth Social, is a "highly conflicted" overseer of a "kangaroo court." Trump supporters swiftly replied to his post with a blitz of attacks on Merchan. The comments soon turned ugly. Some called for Merchan and other judges hearing cases against Trump to be killed.
This facility will provide easy access to chip and packaging designs to startups, researchers and small firms, as per the plan.
Santhosh Viswanathan, vice president and managing director for the India region at chipmaker Intel, said the Indian market was at an “inflection point” with digitisation being a fundamental change and accelerant for the economy.
Britannia stock hit a record high of Rs 5,386 on December 29, 2023, but the momentum fizzled out and the stock had declined since then. It bottomed out in April 2024 after hitting a low of 4,643. From there it charted a course of steady recovery and crossed 5,000 levels in May.
