Experts Financial News
14.11 / 05:19
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Pharmaceuticals
Stock market update: Nifty Pharma index 0.02% in an upbeat market
Mankind Pharma Ltd.(up 4.03 per cent), Gland Pharma Ltd.(up 1.78 per cent), Laurus Labs Ltd.(up 1.76 per cent), Granules India Ltd.(up 1.06 per cent) and Aurobindo Pharma Ltd.(up 1.01 per cent) were among the top gainers.
14.11 / 05:19
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Shiprocket launches Copilot to help MSMEs become self-reliant in fast-paced ecommerce landscape
Shiprocket Copilot — an AI-powered assistant to help 1 lakh sellers improve their management and expansion of their ecommerce businesses. Designed as a comprehensive virtual assistant for sellers, it handles a wide range of tasks — processing orders, checking COD billing, assisting with queries on international shipping, and a Whatsapp suite to offer precise solutions on the queries raised. According to a recent study by Meta, 94% of MSMEs acknowledge AI's potential to drive significant business growth, with 91% emphasising the need for accessible and affordable AI technologies. Recognising this demand, Shiprocket unveiled this offering to bridge the technology gap in the MSME ecosystem. This AI-driven assistant boasts of enabling small businesses across Bharat to optimise operations, improve productivity and build a more sustainable, self-reliant digital future. It is positioned as a go-to platform for merchants, similar to ChatGPT, helping them solve queries independently and on demand.
14.11 / 05:19
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Rupee falls 1 paisa to all-time low of 84.40 against US dollar in early trade
rupee slipped 1 paisa to an all-time low of 84.40 against the US dollar in early trade on Thursday, weighed down by unabated foreign fund outflows and strong dollar demand from investors. Forex traders said the downward pressure on the USD/INR pair is largely driven by persistent inflation and significant foreign outflows. At the interbank foreign exchange, the rupee opened at 84.40 against the greenback, registering a fall of 1 paisa over its previous close.
14.11 / 05:19
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Delhi Airport issues advisory for passengers amid city's rising air pollution
Low Visibility Procedures' are in progress at the airport. The advisory requested the passengers to contact their respective airlines for 'updated information' about their flights. «Low Visibility Procedures are in progress at Delhi Airport. All flight operations are presently normal. Passengers are requested to contact the airline concerned for updated flight information,» the advisory reads.
14.11 / 05:19
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Indonesia's Indosat, GoTo launch local language AI model
Indosat Ooredoo Hutchison and its biggest tech company GoTo Gojek Tokopedia launched on Thursday the development of Sahabat-AI, a large language model ecosystem in Indonesian languages. Sahabat-AI would enable Indonesians to build artificial intelligence-based services and applications in Bahasa Indonesia and various other local languages, with the understanding of local context, the companies said in a joint statement. It is supported by AI Singapore and India's Tech Mahindra, which used Nvidia AI Enterprise software including Nvidia NeMo to train the model and enhance its general language understanding, according to the statement. Several universities and media groups will contribute to optimise it for local context and cultural relevance, it added.
14.11 / 05:19
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Stock market update: Sugar stocks up as market rises
Bajaj Hindusthan Sugar Ltd.(up 3.25%), Kothari Sugars & Chemicals Ltd.(up 2.45%), DCM Shriram Industries Ltd.(up 2.15%), Triveni Engineering & Industries Ltd.(up 2.10%), EID Parry(India)Ltd.(up 2.04%), Mawana Sugars Ltd.(up 1.96%), Rana Sugars Ltd.(up 1.85%), Dalmia Bharat Sugar and Industries Ltd.(up 1.59%), Vishwaraj Sugar Industries Ltd.(up 1.51%) and Rajshree Sugars & Chemicals Ltd.(up 1.50%) were among the top gainers.
14.11 / 05:19
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Sensex rises! These stocks are up over 15% on BSE
Siddha Ventures Ltd.(up 20.00%), Multibase India(up 19.99%), Fluidomat Ltd(up 19.99%), Banco Products(up 18.14%), Mahalaxmi Rub(up 17.73%) and Dishman Carbogen(up 16.74%) were among the stocks that surged over 15%.
14.11 / 05:19
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AMD to cut 4% of global workforce as it focuses on AI chip development
Nvidia. AMD is regarded as the closest rival to Nvidia in the lucrative market for chips that form the brains of complex data centers that can process the large mounds of data used by generative AI technology like OpenAI's ChatGPT. «As a part of aligning our resources with our largest growth opportunities, we are taking a number of targeted steps,» an AMD spokesperson told Reuters on Tuesday.
14.11 / 05:19
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Trump's Treasury pick: Lutnick now a top contender alongside Bessent, sources say
Howard Lutnick has emerged as a serious contender alongside investor Scott Bessent for the top Treasury job in the new Trump administration, two sources familiar with the matter said, as the race for the high profile role heats up. Lutnick, a longtime friend of Trump's and co-chair of the transition team, had received the backing of at least one influential member of President-elect Donald Trump's inner circle for the Treasury Secretary role, one of the sources said. Bessent, who served as an economic advisor to the Trump campaign in addition to being a fundraiser, remains a top contender, said the sources, who asked not to be identified talking about positions ahead of them being announced.
14.11 / 04:25
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Gold Price Today: Yellow metal prices fall by Rs 3,400/10 gm this week, silver down by Rs 3,200/kg
silver December futures contracts were trading at Rs 88,032/kg, down by 0.1.31% or Rs 1,165. In this week so far, Gold prices have fallen by Rs 3,400/10 grams while silver prices fell by Rs 3,200/kg in the same period.
14.11 / 04:25
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Stocks to buy or sell today: Wipro, ONGC among top 6 trading ideas for 14 November 2024
India VIX, the volatility gauge, surged 5.79% to close at 15.43 on Wednesday, indicating heightened caution. The Nifty future closed negative with losses of 1.10% at 23,696 levels.
14.11 / 04:25
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Hot Stocks: Brokerages see 11-30% upside in Apollo Tyres, Eicher Motors & L&T
investment opportunities with potential upsides. Goldman Sachs has reiterated its confidence in Eicher Motors and Larsen & Toubro (L&T), citing strong growth drivers and robust performance indicators.
14.11 / 04:25
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It is still a sell-on-rise market; see Nifty@21,300 by end year: Jai Bala
Jai Bala, Chief Market Technician, Cashthechao.com, says he expects the Nifty to hit somewhere to about 21,300 by the end of the year and the banking index to hit somewhere close to 42,000 with an intermediate pause at about 49,000 and 47,000. The Dollar index will be about 109 for the end of the year. The 10-year yields for the US would be about 5.5% by the end of the year. By 2026, the 10-year yields will hit about 800 bps. That is the medium to long-term forecast for the global markets and the macros. Bala also says retail investors should raise as much cash as possible as they can get in and get out of the market much faster than the institutions. Is there any ray of hope for the markets and what can really provide a sigh of relief at this juncture? Jai Bala: I had spoken to you around the time when China's stimulus was on and at that time I had mentioned that the Nifty was likely to drop to somewhere close to 21,300 and when people are focusing on China's stimulus, we should have been focusing on the India correction which is about to set on. I have been holding the view from the 1st of October that this decline is likely to take the market to somewhere close to the June 4th low. So, we are set for further decline to come through, although there could be a counter trend bounce along and the market has just printed the 200-day moving average and so we could see a slight relief. But the markets are still on sell on rise.
14.11 / 04:25
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World Diabetes Day 2024: Why type 2 diabetes often goes unnoticed, early signs of this silent killer, and associated risks
Diabetes is rapidly becoming a major health challenge worldwide, with the potential to lead to serious complications if not diagnosed and managed early. Like high blood pressure, diabetes often progresses quietly, showing few symptoms at first. This allows it to go unnoticed until significant damage has already been done, which is frequently irreversible. Diabetes develops when the body cannot produce enough insulin or use it effectively, leading to an excess of sugar in the blood. Over time, this can impact the heart, kidneys, lungs, and brain.
14.11 / 04:25
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Eicher Motors shares rally 8% after steady Q2 earnings. What analysts say
Eicher Motors zoomed 7.5% on Thursday to their day’s high of Rs 4,934.50 on the BSE as the company reported an 8% growth in its standalone net profit at Rs 1,010 crore in the quarter ended September 2024. While registering steady growth on an annual basis, Eicher Motors lagged in quarterly comparison. The two-wheeler segment displayed steady growth despite facing the seasonal backlash, leading to lower footfall during the quarter, however, aided by higher ASP, the company registered healthy revenue growth during the quarter.
14.11 / 02:31
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Ceigall looks to sell five HAM road assets after it’s completion in $540 million deal
Subscribe to enjoy similar stories. New Delhi: Highway developer Ceigall India Ltd is planning to sell its five road projects under the hybridannuity model (HAM) in a deal having an enterprise value of $540 million, two people aware of the development said. Out of the five, work has started on two, while the other three are awaiting clearances.
14.11 / 02:23
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Why is the euro falling and could it hit $1?
At around $1.06, the euro has slumped nearly 5% from more than one-year highs in September when a weakening economic outlook stopped it in its tracks.
14.11 / 02:23
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Q2 results today: Grasim, Hero MotoCorp among 1203 companies to announce earnings on Thursday
earnings season is underway and as many as 1203 companies will announce their quarterly numbers for the July-September 2024 period today. Key results to watch out for include that of HAL, Grasim, Hero MotoCorp, Honasa Consumer and Delhivery. Apart from the above, Akar Auto Industries, ABC India, Ace Engitech, Acme Resources, ADS Diagnostic, Aimco Pesticides, Ajanta Soya, Bajaj Healthcare, Bharat Forge, Coffee Day Enterprises, Deep Polymers, Delta Industrial Resources, Dalmia Industrial Development, Flora Corporation, Generic Engineering Construction, Glittek Granites, Hindustan Urban Infrastructure, Jaypee Infratech, Lemon Tree Hotels and a few others will also announce their quarterly results.
14.11 / 02:23
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Gold hovers near 2-month low on strong dollar, Fed rate cut uncertainty
Gold prices were flat on Thursday after hitting a two-month low earlier, pressured by a stronger U.S. dollar and uncertainty regarding the pace of the Federal Reserve's interest rate cuts.
14.11 / 02:23
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Digital
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Over 115,000 users leave X after US presidential election
Elon Musk acquired it in 2022, with users migrating to alternatives like Bluesky, CNN reported. More than 115,000 US users deactivated their X accounts the day after the election, and this figure only includes those who deactivated through the website, excluding mobile app users, CNN reported citing a report of digital intelligence platform Similarweb. This shift follows Musk's influential role in the US presidential election. Bluesky's user base has doubled in 90 days, reaching 15 million after gaining 1 million new sign-ups in a single week.
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