Latest Updates Around The World
ET Intelligence Group: Omnitech Engineering, a manufacturer of high-precision manufactured components, plans to raise `418 crore through a fresh issue to fund new facilities and repay debt. It will also raise `165 crore through a sale offer. The promoter group’s stake will drop from 94.1% to 74.2% after the IPO. The company has a loyal […]
Shares of US software companies that partnered with AI startup Anthropic on Tuesday have helped fuel a recovery in the sector, which has been beset by fears about the disruptive impact of artificial intelligence. Anthropic said it is working with its partners to develop new tools, called “plug-ins,” that can help with investment banking, wealth […]
Copper prices rose to their highest level in more than a week on Tuesday, driven by positive sentiment and stronger demand in China, the metal’s top consumer, where markets reopened after a holiday.The benchmark three-month copper on the London Metal Exchange was up 2.2% at $13,155 a tonne by 1525 GMT, after hitting its highest […]
India’s frontline indices Nifty and the BSE Sensex closed sharply lower on Tuesday, dragged by a sharp decline in IT, auto and banking stocks. Today’s fall has wiped out Rs 2.85 lakh crore of investor wealth for stocks listed on the BSE. While the 30-share Sensex closed 1,069 points or 1.28% lower at 82,226, the […]
U.S. stock indexes moved higher on Tuesday, boosted by technology stocks, as investors weighed Anthropic’s announcement of new AI tools and President Donald Trump’s changing stance on trade policy.Artificial intelligence lab Anthropic has announced 10 new ways for enterprise customers to connect its technology to key areas of their work, weeks after its earlier releases […]
Artificial intelligence has brought about a generational change in the U.S. labor market and could lead to a possible rise in unemployment that the U.S. central bank may not be able to counter with lower interest rates, Fed Governor Lisa Cook said on Tuesday.“It appears we are approaching the most significant reorganization of work in […]
Artificial intelligence laboratory Anthropic on Tuesday unveiled 10 new ways for enterprise customers to connect their technology to key areas of their work, weeks after other releases sparked an aggressive sell-off in shares of traditional software companies.The San Francisco-based startup said the plug-ins can now help with investment banking tasks such as deal review, asset […]
The government will sell up to 4% stake in the Indian Railway Finance Corporation (IRFC) through an offer for sale (OFS) open to non-retail investors on Wednesday, while retail investors can make bids on Thursday.The government has offered to divest 2% stake in IRFC, with another 2% as green shoe option. Under the OFS, over […]
Nifty ended sharply lower on Tuesday, dragged by a sharp decline in IT, auto and banking stocks. The index has fallen sharply after falling below the 21EMA, leading to a significant long recovery period. Commenting on current trends, Rupak De, Senior Technical Analyst at LKP Securities, said Nifty declined towards the 200DMA, where it found […]
India’s Standard Chartered’s pre-tax profit rose 15% to $542 million in calendar year 2025 from $472 million a year ago, helped by lower costs and provisions. The annual results released by the bank show that despite a decline in operating profit, profits increased by 3% from $1.53 billion in 2024 to $1.49 billion.India improved one […]
