NEW DELHI: Foreign investors have made a strong return to Indian equities, with a net investment of Rs 24,454 crore in the first week of December, driven by stabilizing global conditions and expectations of potential US Federal Reserve rate cuts. This recovery follows the largest outflow ever recorded in the last two months, with foreign…
NEW DELHI: Last week, Dalal street gained a positive momentum as the overall market valuation of six of the top-10 most-valued companies soared by Rs 2,03,116.81 crore, with Tata Consultancy Services and HDFC Bank leading the gains. The BSE benchmark also rose by 1,906.33 points (2.38 per cent), while the NSE Nifty increased by 546.7…
NEW DELHI: Foreign investors made a strong comeback and infused Rs 24,453 crore in the Indian equity markets in the first week of the December, according to data from the National Securities Depository Limited (NSDL). The single largest investment came on December 6, with FPIs investing Rs 9,489 crores.The FPIs investment in the December represents…
NEW DELHI: Asian Development Bank (ADB) has approved a $ 350 million policy-based loan to support India strengthen and modernize logistics sector.As per a statement from the regional development bank, dated December 6, the loan will finance the second subprogram, supporting Indian government’s efforts to create a comprehensive policy, planning, and institutional framework at the…
MUMBAI: Domestic tyre maker Ceat, an RPG-Harsh Goenka group company, will acquire Camso brand that has an off-highway tyre business from global major Michelin for $225 million, translating to about Rs 1,900 crore. Under the deal, Ceat will also acquire two Sri Lanka-based manufacturing facilities from Michelin, a French tyre maker.Camso is a Canadian brand…
Google CEO Sundar Pichai says that when it comes to AI, “we are in the earliest stages of a profound shift.” Pichai explained at the New York Times DealBook Summit on Wednesday that AI models are going to get better at reasoning and carrying out actions reliably over the next few years. The upgrades to…
In April, the U.S. Senate passed a law that would force TikTok to separate from its Beijing-based parent company, ByteDance, within a year—or face a national ban. On Friday, a U.S. appeals court upheld the law. This means TikTok could be banned starting January 19, 2025. Related: TikTok Sues U.S. to Block Ban, Sale Mandate,…
There’s a new level of ChatGPT available, but its $200-a-month price tag has the company pitching it to researchers and heavy users who are trying to push boundaries with the AI chatbot. OpenAI introduced the new plan, ChatGPT Pro, on Thursday. It’s 10 times more expensive than ChatGPT Plus, which costs $20 per month. Other…
After a lackluster October jobs report due to strikes and storms, November’s jobs report shows that the market is back to healthy levels. The Employment Situation report, released on Friday by the Bureau of Labor Statistics, revealed that the U.S. economy added 227,000 new jobs in November, higher than the 214,000 jobs expected by economists…
There are three Jewish students (out of 35,743) enrolled in Brigham Young University, a private college in Provo, Utah, run by the Church of Jesus Christ of Latter-day Saints. And one of them happens to be the football team’s quarterback. Jake Retzlaff, 21, led the BYU Cougars to a 10-2 record this season and gained…
