Indian benchmark indices experienced a sharp decline, ending their two-session rally due to the monthly Nifty F&O expiry. Analysts observe Nifty consolidating within a specific range, with a breakout or breakdown expected to signal the next directional trend. Volatility is anticipated to persist amidst global uncertainties.Read More
Omnitech Engineering plans to raise ₹418 crore via a fresh issue and ₹165 crore through an offer for sale to fund new facilities and repay debt. Despite a loyal customer base and strong export revenue, the company faces geographical and tariff risks, a longer working capital cycle, and negative operating cash flow in FY25, prompting investor caution.Read More
BookMyForex users face fraud after a major data breach. Thousands of customers are reportedly defrauded, with unauthorized transactions occurring on their forex cards. Many users could not access the platform to secure their funds. The company has escalated the issue to Yes Bank, its banking partner, for chargeback proceedings.Read More
Software stocks saw a strong rebound on Tuesday. This followed news of new AI tools developed by Anthropic with its partners. These tools aim to assist in areas like investment banking and HR. Shares of companies like LSEG, FactSet, Salesforce’s Slack, and DocuSign saw gains. This positive movement comes after recent fears about AI’s impact on the sector.Read More
Artificial intelligence lab Anthropic on Tuesday unveiled 10 new ways for business customers to plug in its technology to key areas of their work, weeks after other releases sparked an aggressive selloff in traditional software company shares.Read More
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