Indian technology stocks experienced a sharp decline following AI breakthroughs. However, an expert highlights that India’s strength lies in AI implementation rather than core innovation. Electronics manufacturing services are identified as a multi-year growth sector. Investors are advised to navigate volatility with a focus on structural themes and disciplined positioning for future gains.Read More
Wall Street’s software sector is experiencing a significant downturn, dubbed “Software-mageddon,” as investors grapple with the disruptive potential of artificial intelligence. This selloff, marked by substantial market capitalization losses, has led some to consider buying beaten-down stocks, while others await clearer signals of AI integration and its impact on future software sales.Read More
Japan’s Nikkei index saw red on Thursday as technology stocks faltered, raising flags over the hefty investments tied to Artificial Intelligence. The decline was accentuated by a steep fall in shares of SoftBank Group, following Arm Holdings’ disappointing revenue report. In contrast, the pharmaceuticals sector maintained its resilience, spurred by an optimistic forecast from Astellas...Read More
Realty firm Godrej Properties Ltd on Thursday reported a 23 per cent increase in its consolidated net profit to Rs 193.87 crore for the quarter ended December despite lower income.Read More
HAL shares fell sharply, extending a sharp two-day decline, after concerns over Tejas Mk1A delivery delays and rising private-sector competition triggered investor anxiety. The company issued a clarification, confirming five jets are ready while nine await GE engines, and reaffirmed its full-year guidance despite losing ground in India’s AMCA program.Read More
The cryptocurrency market experienced a significant downturn, with nearly $500 billion wiped off its total value in a week. Bitcoin and Ethereum saw substantial drops, reflecting a broader risk-off sentiment in global markets. Analysts suggest this volatility is driven by macro factors and elevated leverage, with near-term price action expected to be range-bound.Read More
On Thursday, Japanese government bonds climbed as investor enthusiasm surged during a pivotal 30-year debt auction, happening right before Sunday’s significant election that will shape future fiscal strategies. Yields on longer maturities fell, while shorter durations saw a rise, indicating shifting market sentiments, especially with Bank of Japan officials hinting at a tougher monetary policy...Read More
Blackstone is preparing PGP Glass for a public listing. Axis Capital, Bank of America, and HSBC are appointed as lead bankers. The company aims to raise between $400 million and $500 million. PGP Glass is a global specialist in glass packaging solutions. It serves customers in cosmetics, spirits, and pharmaceuticals. The company has operations in...Read More
The rupee edged higher by 7 paise to 90.40 against the US dollar in early trade, as corporate demand for the greenback surfaced. Investors are now awaiting official confirmation of the India-US trade deal and cues from the Reserve Bank of India’s upcoming interest rate decision. Attention is also on the dollar index and crude...Read More
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