Latest Updates Around The World
India’s capital markets are entering a new era of technological disruption as artificial intelligence begins to change the way companies go public.S45 on Tuesday announced the launch of the country’s first AI-enabled investment banking platform, aiming to replace the old manual workflows that have long hampered the execution of IPOs for capital market issuers. The […]
Indian government bonds continued their winning streak and ended the day higher on Tuesday as stronger-than-expected demand for government bond sales lifted sentiment, while favorable US government bond yields and excess liquidity conditions added to the positive backdrop.The 6.48% bond yield for 2035 ended at 6.66% after closing Monday at 6.6642%. Rates have fallen by […]
The Indian rupee ended little changed on Tuesday as periodic interventions by the Reserve Bank of India slowed the currency’s rate towards the psychologically important level of 91 per dollar.Tepid global risk sentiment and steady demand for hedging from importers have kept the currency lower even after it recovered from near record lows around 92 […]
Shares of Hindalco and National Aluminum Company (NALCO) fell 3% and 4% respectively on Tuesday. Citing weak growth prospects for the coming quarters, domestic brokerage firm InCred Equities downgraded both companies, leading to this decline. InCred assigned a target price of Rs 631 to Aditya Birla Group company Hindalco and projected a downside potential of […]
The recent partnership between Infosys and US-based AI startup Anthropic has created buzz on the streets, but industry experts are urging investors to separate hype from long-term fundamentals.Speaking to ET Now, Sumit Pokharna of Kotak Securities described the partnership as “a step in the right direction” and “the need of the hour.” He explained: “The […]
Australian shares rose on Tuesday, lifted by BHP after the world’s largest listed miner rose to a record with stronger first-half results, setting the tone as earnings season begins for the resources sector. The S&P/ASX 200 extended gains to close 0.2% higher at 8,958.90 points, building on Monday’s 0.2% gain. With US markets closed […]
The Indian technology sector has been caught in a global wave of fear around artificial intelligence, but Nitin Raheja, executive director and head of discretionary equities at Julius Baer Wealth Advisors, believes the market has gone too far. In a candid conversation with ET Now, Raheja argued that the pendulum of sentiment has definitely swung […]
New regulatory steps by the Reserve Bank of India will change the way banks sell financial products, finance acquisitions and lend to market intermediaries. In an interview with ET Now, Dinesh Kumar Khara, former chairman of SBI, shared his views on the implications.Misselling standards indicate stricter scrutiny Khara said concerns about misselling have been growing […]
Shares of Embassy Developments Ltd (EDL) were in the spotlight on Tuesday after the company received approval from the Maharashtra Real Estate Regulatory Authority (MahaRERA) for Phase I of its residential project, Embassy Serenity, at Alibaug in the Mumbai Metropolitan Region (MMR).The approval marks the company’s entry into the lifestyle and second home segment. Located […]
