Global investors are debating the massive capital expenditure by tech firms in the AI sector, with Anthropic emerging as a key player. While the AI narrative has powered US equities, scrutiny is intensifying over whether this spending will yield meaningful returns, potentially resembling the airline industry rather than the internet boom.Read More
Indian Oil, HPCL, and BPCL stocks saw sharp declines on Monday. International brokerage UBS downgraded these companies citing concerns over rising crude oil prices and geopolitical tensions. This uncertainty impacts their earnings. UBS also revised target prices downwards for all three. The situation draws parallels with past oil market disruptions.Read More
State Bank of India shares plunged 5.60%, erasing nearly Rs 62,352 crore in market value amid a broader market sell-off driven by geopolitical tensions. The bank’s valuation dipped below Rs 10 lakh crore. Despite this, SBI’s financial performance remains strong, with a significant net profit increase in the December quarter.Read More
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