[ad_1] BENGALURU: AI search engine Perplexity AI cofounder and CEO Aravind Srinivas disagrees with Infosys cofounder and chairman Nandan Nilekani’s stance on bypassing model training skills and instead concentrating on developing applications using pre-existing models. “Nandan Nilekani is awesome, and he’s done far more for India than any of us can imagine through Infosys, UPI,”…
[ad_1] Analysts suggest that talks of the US considering lower tariffs on China may provide temporary relief for markets, but underlying concerns persist. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Thursday. While BSE Sensex was below 76,300, Nifty50 was near 23,100. At 9:16 AM, BSE…
[ad_1] Stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, Bajaj Finserv, Muthoot Finance, and ABDL are the top stock picks for today. Here’s his view on Nifty, Bank Nifty and the top stock picks for January 23, 2025:Index View: NiftyPressure on Nifty eased out in…
[ad_1] Emkay Global Financial Services has maintained its ‘buy’ rating on Hindustan Unilever with a target price of Rs 2,675 (+14%). Despite a sub-par financial performance and muted near-term demand outlook, analysts maintained their positive stance on HUL since they feel in the medium term, the company’s enhanced execution could absorb the impact of macro…
[ad_1] MUMBAI: Nuvama and Cushman & Wakefield Management (NCW) on Wednesday announced the first close of its prime offices fund at a corpus size of about Rs 1,700 crore. NCW is a first-of-its-kind fund in India that brought together a domestic assets management firm and a global major in the real estate services segment in…
[ad_1] MUMBAI: The sensex rebounded nearly 567 points and Nifty regained 23,150 level on Wednesday following value buying in IT and banking shares and firm global trends.The ensex surged 567 points or 0.75% to close at 76,405, driven by gains in Infosys, TCS and HDFC Bank. During the day, the benchmark surged 624.77 points or…
[ad_1] Water purifier maker Kent R O Systems filed draft papers for an IPO on Wednesday.The firm’s founder and chairman, Mahesh Gupta, along with other family members, will collectively sell 10.1 million shares, or a 10% stake out of their 99.8% interest in the company, according to the draft papers. Kent will not issue new…
[ad_1] BENGALURU: The quick commerce industry in India is projected to expand significantly, with HSBC forecasting 5,000-5,500 dark stores operational by fiscal year 2025-26. The sector is expected to achieve a gross order value ranging between $35 billion and $40 billion during the financial year 2027-28, as detailed in HSBC’s research findings.Major players such as…
[ad_1] MUMBAI: Macrotech Developers, the city-based real estate major that operates under the brand names ‘Lodha’ and ‘Lodha Group’ on Wednesday told the exchanges that they have filed a lawsuit against House of Abhinandan Lodha mainly to protect their brand names that were built over 40 years. Macrotech’s clarification to the bourses mentioned that House…
[ad_1] NEW DELHI: The income tax department has come out with a fresh guidance note on applicability of Principal Purpose Test (PPT) for claiming tax treaty benefits, which will apply prospectively.The Central Board of Direct Taxes (CBDT) in its note on principal purpose test also clarified that the grandfathering provisions under the India-Cyprus DTAA, India-Mauritius…
