Reliance Jio Infocomm Chairman Akash Ambani recently revealed that his company is working with the IIT-Bombay to launch BharatGPT, which will rival Sam Altman’s ChatGPT. The 32-year-old Ambani scion made the statement while addressing IIT-Bombay’s Techfest. Apart from dropping major updates on BharatGPT, Ambani also said that Jio is also looking to launch an operating […]
Indian share market outperformance is likely to take a breather in the first half of 2023, given relative valuations. However, India is still expected to have better growth than most parts of EM due to a relatively strong macro environment, analysts said. The market staged a smart recovery in the last week of 2022. The […]
Twitter boss Elon Musk has threatened to file a lawsuit against Microsoft after the multinational IT company said that it will drop Twitter from its advertising platform. Musk accused Microsoft of using Twitter data ‘illegally’. “They trained illegally using Twitter data. Lawsuit time,” he tweeted. A user asked if Musk had a long term plan […]
By Subash Gangadharan On the Daily Nifty chart, we can observe that after recently touching a low of 15183, the Nifty has been consistently rising and making higher tops and higher bottoms over the last few weeks. In the previous week, the Nifty 50 index crossed the previous intermediate high of 16794, thereby reversing the […]
Torrent Group has moved the Supreme Court against the National Company Law Appellate Tribunal’s (NCLAT) order that permitted holding of an extended auction for Reliance Capital, which is undergoing insolvency proceedings. In its filing, the Gujarat-based firm has termed the administrator’s decision to hold another round of challenge process “illegal”, even as it sought a […]
Former Jammu and Kashmir Chief Minister and National Conference MP Farooq Abdullah said that Kashmir could meet the same fate as Gaza and Palestine if it fails a find a solution through dialogue with Pakistan. The Gaza strip and Palestine are under a multi-front attack by Israel following Hamas’ October 7 assault in southern Israel […]
By Tarun Agarwal and Pooja Arora In the dazzling spotlight of the G20 summit 2023 held in New Delhi, India emerged as a formidable architect of consensus, navigating a maze of global uncertainty, tumultuous geopolitics, and formidable socio-economic challenges. The subject of the summit, however, was not limited to economics or geopolitics. During the summit’s […]
The Securities and Exchange Board of India (Sebi) issued a statement on Saturday to ease concerns about the ongoing volatility in the market, specifically the turbulence linked to Adani Group shares.“During the past week, unusual price movement in the stocks of a business conglomerate has been observed. As part of its mandate, Sebi seeks to […]
One 97 Communications (Paytm) share price surged 5.2% to Rs 721.5 today after the payment giant’s consolidated loss narrowed to Rs 167.5 crore in the fourth quarter ended March, compared to a loss of Rs 762.5 crore in the year-ago period. The consolidated revenue from operations jumped 51.5% to Rs 2,334.5 crore in Q4FY23 from […]
Commercial vehicle manufacturer Ashok Leyland’s strong Q3 performance was driven by a better mix, price hikes and commodity costs (healthy margins). The stable demand environment and improving pricing power should boost earnings. AL is the best play on the CV cycle recovery, along with market share recovery and the expansion of revenue/profit pools. We raise […]
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