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Force Motors shares dropped up to 4% after the company disclosed that SEBI has sought additional information related to its Q2 FY25 financial results announcement. The regulator has asked for details including chronology of events, insiders and structured digital database extracts. The company said there is no financial impact and will respond within timelines.
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European shares edged lower on Thursday as an expanding Middle East conflict weighed on market sentiment, while a string ‌of patchy ⁠corporate ⁠earnings added to the gloom.
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Indian metal stocks rallied sharply as aluminium prices surged on supply concerns after Bahrain’s Alba halted shipments following the Strait of Hormuz closure. Additional support came from China’s plan to curb industrial capacity and a weaker dollar, lifting the Nifty Metal index and boosting investor sentiment across major metal companies.
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Investors seeking income can explore several Indian companies offering attractive dividend yields. From logistics giant Allcargo Logistics at 13.7% to media firm Jagran Prakashan at 9.7%, these stocks provide substantial returns. Other notable mentions include MSTC, Accelya Solutions India, and Vedanta, each presenting compelling investment opportunities for dividend-focused portfolios.
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Valuation expert Aswath Damodaran analyzed Citrini Research’s AI doomsday scenario, finding it implausible but acknowledging AI’s significant long-term disruption potential. He believes AI will transform specific industries like software and finance, impacting jobs over time. While not an immediate crisis, AI’s evolution poses substantial future challenges for the workforce.
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