By Naveen Kumar Kalyankar In the dynamic landscape of digital transformation, developing applications rapidly has become key for businesses striving for competitiveness and agility. A significant breakthrough in this domain comes in the form of Artificial Intelligence AI-augmented application development, which is reshaping application development and propelling progress across diverse industries in India. With AI-augmented […]
last week, the Union Cabinet approved Kirit Parikh Committee’s recommendations for natural gas pricing. Going forward, natural gas produced from legacy fields will be priced at 10% of the Indian crude basket’s price, subject to dynamic floor and ceiling prices. The initial floor price has been set at $4/mmBtu and the initial ceiling price has […]
Shares of PSU banks rallied on Wednesday, giving a lift to the benchmark indices. UCO Bank and Union Bank of India led the gains, jumping over 8% each, with Central Bank, Bank of India, and Indian Overseas Bank climbing between 6% and 7%. The Sensex gained 346.37 points or 0.6% to close at 57,960.09, while […]
By Sumit Kumar and Dhriti Prasanna In 2023, various industries experienced layoffs and a slowdown or halt in recruitment. The underlying issue of a significant skill gap among the youth has exacerbated this situation. As per the India Skill Report 2023 data, 70% businesses across industries acknowledge that there is a skill gap in their […]
As per reports, there is a potential deal between Malaysia’s Petronas and NTPC’s RE arm. Petronas is said to be offering $460 mn for a 20% stake in NTPC’s RE arm. At the end of the Q3 of FY2022-23, the company had commissioned approximately 2.9 GW of RE capacity and had 4.7 GW under construction. […]
NMDC, a large cap company operating in mining sector has attractive fundamental setups due to several factors. To begin with there is robust steel demand in India which will increase due to government’s focus on infra development. With the opening up of the China market, there is positive outlook for steel demand. Secondly, there is […]
By Ruchit Jain Post last week’s expiry, we witnessed a gap down opening for our markets and selling pressure was seen throughout the week. Both Nifty and Bank Nifty continue to add short positions in the derivatives segment which added fuel to the ongoing correction. In the middle of the series, the option writers had […]
Domestic indices Nifty and Sensex are lagging in trade today. Nifty gave up the 18,300 level to trade at 18,298, down by 0.47% while Sensex is 61,380, over 300 points lower. Reliance Industries, Infosys, Adani Enterprises, Axis Bank and ICICI Bank are the most active Nifty 50 stocks intraday. Nifty 50 Gainers and Losers On […]
Indian benchmark indices closed mild in red as bulls and bears fought for dominance on Dalal Street. Nifty fell to a day’s low of 18,202 but staged a smart recovery of over 180 points to close in red at 18,385, down 0.19%. Sensex settled at 61,702, after paring losses to recoup almost 600 points from […]
Domestic indices crashed over 2% intraday on Friday as the market remained nervous ahead of the Budget. The Hindenburg’s report dragged Adani stocks lower. Banking stocks were among the worst hit. The BSE Sensex closed below 59,350 and the NSE Nifty 50 below 17,610. The top gainers of the BSE Sensex were Tata Motors (up […]
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