Booking Financial News

OpenAI is expanding beyond nifty products like ChatGPT and has announced that it is following through with its pledge to distribute AI’s benefits to all of humanity. Just kidding! It’s actually launched a ‘store’ to monetize its language model technology and share that wealth with other businesses. And it’s using an incentive structure that has a history of unpleasant side effects on, yes, humanity.

₹2,301 crore at the end of the December quarter for FY2024 owing to higher interest income and lower provisions, despite fresh slippages in the quarter. The bank reported a net profit of ₹1,963.64 crore in the same period a year ago. The bank’s core income or net interest income grew 18% y-o-y to ₹5,296 crore at the end of December quarter.

EPACK Durable IPO: EPACK Durable has raised ₹192 crore from from marquee investors in anchor round on Thursday, January 18, ahead of its IPO subscription opening for bidding. EPACK Durable IPO opens for subscription on January 19, 2024 and closes on January 23, 2024. The EPACK Durable IPO price band is set at ₹218 to ₹230 per equity share of the face value of ₹10 each.

Stocks retreated and bond yields climbed on speculation the Federal Reserve will be in no rush to cut interest rates as the economy shows signs of resilience.

EPACK Durable IPO: The mainboard initial public offering (IPO) of air conditioner (AC) manufacturer EPACK Durable will open for subscription tomorrow, January 19, 2024. The company is the second largest room air conditioner (RAC) original design manufacturer (ODM) in India in terms of the number of units (indoor + outdoor) manufactured in fiscal 2023 through the ODM route, according to EPACK Durable's red herring prospectus (RHP).

Deutsche Bank CEO Christian Sewing on Thursday said that merger and acquisition activity is not a priority for his group, as speculation resurfaces over the future of domestic rival Commerzbank.

(Reuters) — M&T Bank (NYSE:MTB)'s fourth-quarter profit plummeted 37% on Thursday, due to higher deposit costs and a special assessment fee the lender has to pay to refill a government deposit insurance fund

Sectorally, buying was seen in telecom, realty, healthcare, and capital goods while some selling was seen in consumer durables, utilities, and power stocks. Stocks that were in focus include names like OFSS which rallied more than 28% to hit a fresh record high, PCBL gained more than 11% to hit a fresh high, and Sobha Ltd closed with gains of over 11% on Thursday. We have collated a list of three stocks that either hit a fresh 52-week high, or an all-time high or saw a volume or a price breakout. We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view: Analyst: Riyank Arora, Technical Analyst, Mehta Equities Ltd.

The cost of higher education in India has witnessed a surge in recent years, encompassing tuition fees, hostel, books, and miscellaneous expenses. As parents seek to provide quality education to their children, it’s essential to assess the potential financial need and plan accordingly.

When HDFC Bank announced a merger with housing mortgage leader HDFC Ltd last year, signalling the biggest merger in the Indian financial sector, the near- and medium-term challenges of pulling it off was clear to everyone. Or it should have been to analysts and investors. On Wednesday, the HDFC Bank stock fell by over 8%, the highest single-day slide in the past three years, dragging down the benchmark Nifty index by over 4 %.

South Indian Bank surged by 12.5%, reaching a new 52-week high of ₹31.9 apiece, following the release of the bank's Q3FY24 numbers. Notably, the stock surpassed the ₹30 mark for the first time in six years. The bank posted a 197% increase in its standalone net profit to ₹305 crore in Q3FY24 as compared to a net profit of ₹102.75 crore in the same period last year.

Multibagger IPO: Investing in an Initial Public Offering (IPO) is like investing in a business. Like investing in stocks, one needs to scan the financials of the company offering its shares in the primary market. Like intraday stock market traders, a good number of primary market investors invest in an IPO and exit immediately booking listing premiums.

Bharat Electronics Ltd. rose 0.32 per cent to Rs 186.3 in Thursday's trade as of 12:40PM (IST) even as the benchmark Nifty ruled at 21480.0, down 91.96 points. The scrip had closed at Rs 185.7 in the previous session.

ChatGPT, saying generative AI had helped unlock her potential. Since the 2022 launch of ChatGPT, an easy-to-use AI chatbot that can deliver an essay upon request within seconds, there have been growing worries about the impact on a range of sectors — books included.

Ayurveda medicine has got a boost after the Covid pandemic as more people focus on health and wellbeing and with increased government support for this branch of traditional medicine, according to Vicram Sharma, Director Baidyanath Group, a 100 year-old Ayurveda company that traces its existence to pre-independence India. Sharma who has also recently authored a book on the advantages of Ayurveda tells ET’s Mohit Bhalla that it is a misnomer that Ayurveda drugs do not undergo rigorous trials and testing. He says that the basic tenets of this ancient science based on the medical benefits of plants and herbs should be taught at schools so that indigenous knowledge is preserved and passed on. Edited excerpts… The Government has provided impetus to traditional systems of medicine through its programs. What has been the impact? The government has undertaken a slew of measures to promote traditional medicines both through the Ministry of Ayush as well as through other schemes.

Prime Minister Narendra Modi on Thursday unveiled Commemorative Postage Stamps on Shri Ram Janmbhoomi Mandir and a book of stamps related to Lord Ram worldwide. The stamps feature various components, including the Ram Mandir, Choupai 'Mangal Bhavan Amangal Hari', the Sun, Sarayu River, and sculptures in and around the Temple. The collection comprises six stamps depicting Ram Temple, Lord Ganesh, Lord Hanuman, Jatayu, Kevatraj, and Ma Shabri.

Bajaj Holdings & Investment Ltd. fell 1.81 per cent to Rs 7938.45 in Thursday's session as of 11:59AM (IST) even as the equity benchmark Sensex traded 181.25 points lower at 71319.51. Earlier in the day, the stock witnessed a gap down start to the session.

Buy or sell stocks for today: Following weak global market sentiments on disappointing Chinese economic data and geopolitical tension in the Middle East, Indian stock market fell on second day in a row. Nifty 50 index registered biggest intraday fall since 13th June 2022 due to the panic selling across the baord led by banking stocks.

Alex Murdaugh faces a steep uphill battle in his push for a new murder trial

Ava DuVernay’s “Origin” takes a heavyweight work of historical and sociological inquiry and transforms it into a deeply humanistic drama and globe-trotting detective story

Investing.com — Economic activity was little changed since in recent weeks as consumer spending over the holiday period met expectations across most districts in the U.S. even as consumer grow more sensitive to higher prices at a time when the labor market continues to show signs of cooling, according to the Federal Reserve's Beige Book released Wednesday.