India is set to become a global hub for AI applications. The country will foster its own AI infrastructure, including large language models and data centers. This initiative aligns with the goal of democratizing AI resources. India’s role as a trusted partner in value chains is recognized. Discussions on global AI policy will take place...Read More
Apollo Hospitals MD Suneeta Reddy says the group’s restructuring is about business strategy, not family dynamics, aiming to unlock value by separating hospital and pharmacy-digital units. She stresses close ties with sister Shobana Kamineni, outlines expansion in metros and Tier-II cities, focus on preventive care, tech-led growth, and mentoring the next generation of leaders.Read More
IT sector’s Q3 results show a positive start, with TCS and HCL Technologies exceeding revenue and profit expectations. HCL Tech recorded a nine-quarter high in new order bookings, while TCS maintained strong deal flow. Despite sustained new deals, TCS faces a revenue growth deceleration, raising concerns about deal ramp-up amid client delays.Read More
National Stock Exchange shares climbed past ₹2,000. This surge followed SEBI chief’s comments on an upcoming IPO clearance. Investor interest has rekindled. NSE shares saw increased demand and trading volumes. The exchange’s IPO is expected soon. This development has boosted sentiment for the unlisted stock.Read More
Bajaj Housing Finance has successfully raised ₹509 crore through non-convertible debentures. This move follows a period of strong business growth for the company. Their assets under management saw a significant increase of 23% year-on-year. The mortgage lender also reported a substantial rise in disbursements during the third quarter, indicating robust performance and expansion in their...Read More
The Reserve Bank of India injected fifty thousand crore rupees into the banking system on Monday. This was done through an open market purchase auction. Participants offered more than double the notified amount. Another similar operation is scheduled for January twenty-second. These measures aim to boost liquidity and stabilize funding rates.Read More
Power Finance Corp is launching a public bond issue to raise up to ₹5,000 crore. This comes after the company cancelled private bond sales due to market volatility. The new issue aims to attract retail investors and offers various maturities. PFC is also benefiting from lower borrowing costs compared to previous private placements.Read More
Indian stock markets bounced back on Monday, ending a five-day decline. This recovery followed assurances from the US ambassador regarding upcoming trade discussions. Markets had previously fallen due to concerns over potential US tariffs. The Nifty and Sensex both saw gains, recovering from earlier lows. Analysts suggest ongoing trade talks and the upcoming budget will...Read More
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