Closing bell: Dalal Street witnessed a sharp correction on Thursday, with benchmark indices snapping a three-day winning streak and closing at the day’s low amid broad-based selling pressure. The Sensex fell 1,236 points to end at 82,498, while the Nifty
PNGS Reva Diamond Jewellery IPO GMP: The initial public offering (IPO) of PNGS Reva Diamond Jewellery is set to kick off next week amid decent demand in the grey market. The ₹380-crore IPO is slated to open on February 24
India is emerging as Claude.ai’s second-largest user base, driven by strong adoption in coding, maths and enterprise AI tasks. Illustration: Ruvic/Reuters Key Points Anthropic’s revenue run rate in India has doubled in six months. Anthropic opened its Bengaluru office, its
Based in the UK since 2016, Mallya has filed two petitions in the high court — one challenging an order declaring him a fugitive economic offender and the other questioning the constitutional validity of the Fugitive Economic Offenders Act. Photograph:
The initiative is expected to catalyse an extra $150 billion in investment across server manufacturing, electrical infrastructure, Cloud platforms, and supporting industries over the next decade. Photograph: ANI Photo Key Points It will catalyse an extra $150 billion Company is
‘India is often skipping legacy cycles and moving directly to advanced AI-driven operations.’ Kindly note that this illustration was generated using ChatGPT and is intended solely for representational purposes. Any resemblance to real persons, living or dead, is purely coincidental.
Bharat Forge has entered into a Memorandum of Understanding (MoU) with VVDN Technologies on Wednesday, February 18, to explore a strategic collaboration across the automotive, defence, AI and data centre domains. According to an exchange filing, the MoU records a
Indian stock markets regularly experience sharp interim declines, yet long-term data shows that these corrections are usually short-lived and often end with positive annual returns. According to a report by FundsIndia, a long-term analysis of Sensex and calendar-year returns from
‘The problem is not just slower growth, but also the quality of growth.’ Illustration: Uttam Ghosh/Rediff Key Points India has become the weakest-performing major emerging market in terms of earnings revisions over the past year. Global investors are reallocating capital
Authorised banks and standalone primary dealers access the foreign exchange market for market making, balance sheet management and hedging of risks. Photograph: Francis Mascarenhas/Reuters Key Points An authorised dealer may also undertake transactions on ETPs outside India They can borrow
