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Congress has fielded Akshay Bam, a newbie in the poll arena from Indore Lok Sabha constituency, an unbreached BJP citadel for 35 years, against sitting MP Shankar Lalwani, who had won the 2019 contest by a huge margin of over 5.47 lakh votes. Bam (45), a businessman from the Jain community, has to shoulder a big responsibility of keeping the Congress cadre motivated in view of three former MLAs and several workers of the party joining the ruling BJP ahead of the Lok Sabha elections. Prominent among Congress defectors are Pankaj Sanghvi, Sanjay Shukla, and Vishal Patel. He faces sitting BJP MP Shankar Lalwani, 62, who had won the last contest against his Congress challenger Pankaj Sanghvi by possibly the highest vote margin in Madhya Pradesh.

Investing.com — Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week.

Telecom companies, which haven’t been able to offer a full 5G experience to customers, are failing to monetise it. Curiously, this seems to be the fate of the odd ones—1G, 3G and 5G. India recently became the fastest 5G rollout nation in the world. The country’s top two carriers, Reliance Jio and Bharti Airtel, have collectively splurged around $25 billion in buying 5G airwaves and launching their next-generation wireless broadband services. Between them, they have 165 million 5G customers. But neither of them has seen any serious monetisation of their 5G businesses even 18 months after they introduced next-gen networks. Telecom companies attribute the challenge in monetisation to the continuing absence of compelling 5G use cases and applications for both retail and enterprise users and a yet-tomature devices ecosystem.

GConnect Logitech IPO: The initial public offering (IPO) of small and medium-sized enterprises (SME) GConnect Logitech will open for subscription on March 26, 2024. The SME IPO is a fixed price issue of ₹5.60 crore. The issue is entirely a fresh issue of 14.01 lakh shares.

Galaxy Health and Allied Insurance Company Limited, authorizing it to conduct health insurance operations within India. This marks the sixth registration approval within approximately a year across various segments including life, non-life, and health insurance. Notably, earlier this year, IRDAI granted Narayana Health in-principle approval to establish a health insurance enterprise in the country. Galaxy Health and Allied Insurance Company Limited is spearheaded by V Jagannathan, the founder of Star Health and Allied Insurance Company, has emerged as the latest addition to the Indian health insurance market. ET had earlier reported that S Prakash, the former managing director of Star Health, has joined Jagannathan in this endeavor, as detailed by ET. Jagannathan's decision to venture into the health insurance sector comes after his successful tenure at Star Health, which he established in 2006. His leadership culminated with the company's successful listing before his departure in June 2023. During his stewardship, Star Health witnessed a remarkable turnaround, achieving a net profit of Rs 618 crore and an underwriting profit of Rs 204 crore in the fiscal year 2022-2023, a notable improvement from previous losses. With an extensive network comprising over 13,000 hospitals and a strong presence in southern, western, and northern India, Star Health has established itself as a prominent player in the industry.

Interest rates are likely to come down later this year, with the Federal Reserve on track to start cutting rates. But mortgage rates might not follow as quickly. That is because mortgages, and mortgage-backed bonds, just aren’t as in demand in financial markets as they were in the years before the Fed began to start to tighten in 2022.

HANOI (Reuters) — U.S. food and drink maker PepsiCo (NASDAQ:PEP) Inc has committed to investing an additional $400 million in Vietnam to build two new plants powered by renewable energy in the country, its government said on Friday.

FTX’s caretaker chief executive has branded Sam Bankman-Fried a deluded criminal who masterminded a “colossal fraud,” and accused the bankrupt cryptocurrency exchange’s founder of lying about the losses incurred by former customers in an attempt to reduce his sentence.

Infosys and Wipro declined sharply in trade on Thursday as peer Accenture Plc slashed its annual guidance, suggesting that the overall business environment for software services continues to be soft. The ADRs of Infosys fell 3% to $18.41, and that of Wipro slipped 1% to $5.88 on the New York Stock Exchange.

stocks witnessed a build of fresh short positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh short position or not. To understand it we have to look at what “ short selling” means. When a trader is expecting the stock prices to fall, he may sell the stock without owning that and buy at a lower price, for example, stock XYZ is trading at 100, a trader sells the stocks at Rs 100 and buys it back at Rs 90. He made a profit of Rs 10. Selling the stocks without owing the underlying stock is called short selling.

Zee Entertainment Enterprises Ltd. traded 0.42 per cent up at Rs 141.3 on Thursday at around 12:28PM (IST), while the benchmark BSE Sensex advanced 381.14 points to 72482.83. As many as 1,048,943 shares changed hands on the counter with a total value of Rs 14.89 crore.

Indian stock market today: A total of 8 stocks have been banned for trade on Thursday, March 21, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

TVS Motor, Wipro, Aster DM Healthcare, RVNL, ZEE among others will be in focus due to various news developments. TVS Motor The Board of TVS Motor approved a scheme of arrangement between the company and its shareholders, under which, it will issue and allot cumulative redeemable preference shares by way of bonus.

Nexus Venture Partners, is set to leave the venture capital firm to start his own investment fund, multiple people in the know told ET. Verma is in talks to launch a multi-sector, multi-stage fund that will dabble in public markets, along with taking a diversified approach towards early-stage investments, these people said.

Burmans, who own consumer-goods major Dabur and are the biggest shareholders of Religare Enterprises, have sought the cancellation of stock options worth ₹350 crore granted by Care Health Insurance to Religare chairperson Rashmi Saluja, intensifying the dispute between the management of the company and one of India's most prominent business families. Care Health is a Religare subsidiary and Saluja is the non-executive chairperson of Care Health. The Burmans have threatened the Care board that if it fails to nullify the employee stock options, then legal action will be taken against the directors, including attachment of their personal assets.

Central Bank of India and Mumbai-based M Pallonji & Co are the two bidders for Future Enterprises' insurance business, having offered ₹450 crore and ₹300 crore, respectively, two people familiar with the process said. Two other bidders have offered to buy the company's manufacturing units in Maharashtra and Karnataka, these people said. Lenders had offered different parts of the company for sale after the initial attempt to sell the whole company failed to get substantial bids. Future Enterprises owes creditors more than ₹13,540 crore. Central Bank is also the largest creditor to the group with more than ₹4,000 crore of admitted claims between the bank and its arm Centbank Financial Services.

Aspire & Innovative IPO: The initial public offering (IPO) of small- and medium-sized enterprise (SME) Aspire & Innovative Limited will open for subscription on March 26, 2024 and fixed the price band for the issue today. The company is involved in sales and doorstep delivery of consumer durables products to un-banked and underbanked customer segments through commercial agreements with non-banking financial companies (NBFCs) and micro finance institutions (MFIs). Also Read: Blue Pebble IPO: Here's date, price band, size and other key details Aspire & Innovative IPO Details: Aspire & Innovative Advertising Limited has established a price band of ₹51 to ₹54 per share for the upcoming IPO.

₹18.14 crores through the issuance of 10.80 lakh new shares. The company has established a price band of ₹159 to ₹168 per share for its upcoming small and medium enterprise (SME) IPO. The shares of Blue Pebble IPO is proposed to be listed on the NSE Emerge, with a projected listing date of Wednesday, April 3, 2024.

Kothari Sugars & Chemicals Ltd.(up 4.37%), Ponni Sugars(Erode)Ltd.(up 2.14%), Bannari Amman Sugars Ltd.(up 0.92%), Ugar Sugar Works Ltd.(up 0.88%), Triveni Engineering & Industries Ltd.(up 0.64%), Rajshree Sugars & Chemicals Ltd.(up 0.61%), DCM Shriram Industries Ltd.(up 0.60%) and Mawana Sugars Ltd.(up 0.06%) stood among the top gainers.

the funding winter for startups may thaw this year, several companies, not counting Byju's, are struggling to raise capital and have defaulted on payments to vendors and employees. Nanotechnology startup Log9 Materialsand health-tech startup Red.Health have recently struggled with payment of dues on the back of liquidity concerns amid funding constraints. Dental-tech startup Dezylaid off nearly 200 employees and hadn't paid severance to several of them.

₹100 to ₹106 per equity share of face value of ₹10 each. TAC Infosec IPO will open for subscription on Wednesday, March 27, and close on Tuesday, April 2.