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artificial intelligence (AI) world and we are all living in it. The growing might of advanced AI technologies, with the advent of ChatGPT and many other language models, has touched the financial world in many ways than one had imagined. A recent paper published by three scholars from the University of Chicago school of business found that large language models can analyse financial statements of companies and forecast earnings potential, which were said to be more accurate than analysts' estimates. The report was first published in The Financial Times.

LTIMindtree Ltd.(up 0.23 per cent) were among the top gainers.

Prestige Estates Projects Ltd.(up 4.53 per cent), Brigade Enterprises Ltd.(up 2.52 per cent), Mahindra Lifespace Developers Ltd.(up 1.82 per cent), Macrotech Developers Ltd.(up 1.16 per cent) and Sobha Ltd.(up 0.92 per cent) were among the top gainers.

Mint on the sidelines of the annual advertising conference, GoaFest, held recently. FCB Group India, owned by Interpublic Group of Companies (IPG), handles major FMCG and automotive companies. Sinha noted that the company is experiencing substantial growth in India, transitioning from regional businesses to larger national agencies.

Sanjeev Balyan has accused the party’s former Sardhana Member of Legislative Assembly (MLA) Sangeet Som of ‘sabotaging’ his re-election bid by ‘supporting’ the rival Samajwadi Party (SP). Balyan, a former union minister, lost the general elections 2024 from Muzaffarnagar to SP leader Harendra Singh Malik by about 25,000 votes. Sardhana assembly seat, earlier represented by Som, falls under Muzaffarnagar Lok Sabha seat.“He (Sangeet Som) supported the SP candidate in the election.

₹351 to ₹369 per equity share of the face value of ₹2 each. The Stanley IPO date of subscription is scheduled for Friday, June 21, and will close on Tuesday, June 25.

The U.S. says the Iranian-backed Houthis launched two anti-ship cruise missiles and struck a commercial ship in the Gulf of Aden off Yemen, setting it on fire and severely injuring one civilian mariner

Wholesale price increases fell in May, the latest sign that inflation pressures in the United States may be easing as the Federal Reserve considers a timetable for cutting interest rates

Asian stocks fell on Friday as investors pondered the outlook for U.S. rates after the Federal Reserve tempered its rate-cut views even as inflation came in softer than expected, while the yen was shaky before the Bank of Japan's policy meeting. The dollar was hovering near a one-month high on the back of the hawkish tone from the Fed this week, while political uncertainty in Europe kept the euro under pressure.

inflation report for May, after the Federal Reserve adopted a hawkish tone at the conclusion of its meeting on Wednesday. Data on Thursday showed that U.S. producer prices unexpectedly fell in May, with the headline producer price index (PPI) dropping 0.2% last month after advancing by an unrevised 0.5% in April. Core prices were flat, after also seeing a 0.5% increase the prior month.

«So, what we have highlighted in the report is what a lot of people have said the right stuff that Charlie espoused and probably one of the most important learnings, I will put two major learnings, at least which are my major takeaways from the whole exercise,» says Sahil Kapoor, DSP Mutual Fund. I want to understand that this time your Netra report usually is a mix of stuff which is where we can derive about market investing, but centres around data points, mostly macro and of that nature. But this time around you have devoted the note to Mr Munger. So, what exactly is the biggest learning from the life of Mr Munger which we can implement in day-to-day investing? Every anniversary edition, we try and zoom out and look back and look at what are the timeless principles that we can learn and reinforce. And of course, in the month of June, there was already so much noise, a lot of people talking about elections and other outcomes. So, we thought this is the right time to think about long-term investing principles. With Charlie Munger, I think one of the investing greats, not only he has given a lot of investing wisdom, also a number of ideas from Charlie is all about living correctly.

Nasdaq registered record closing highs for a fourth session in a row on Thursday as technology shares extended their recent rally. The number of Americans filing new claims for unemployment benefits increased last week and another report showed producer prices unexpectedly fell in May, helping to keep alive hopes that an interest rate cut by the Federal Reserve may be on the horizon.

Oil prices fell on Friday but were on track for their first weekly gain in four weeks as markets assessed the impact of higher-for-longer U.S. interest rates versus solid outlooks for crude and fuel demand this year. Brent crude futures were down 72 cents, or 0.87%, to $82.04 a barrel at 0100 GMT. West Texas Intermediate (WTI) U.S. crude futures lost 79 cents, or 1%, to trade at $77.84 a barrel, reversing small gains in the previous session.

6.7%: This is the average growth rate the World Bank has projected for the Indian economy from 2024 to 2026, making it the world’s fastest growing economy. In its latest Global Economic Prospects report, the World Bank projected growth rates of 6.6% for FY25, 6.7% for FY26 and 6.8% for FY27. In comparison, world growth is expected to be 2.6% in 2024 and 2.7% in 2025 and 2026.

Priyanka Gandhi Vadra's possible entry into electoral politics surged before the Lok Sabha elections, but was dashed when she opted not to run.However, NDTV reported citing sources on Thursday, that she may contest the bypoll for the Wayanad Lok Sabha seat if Rahul Gandhi steps down from the position.Also Read: ‘Yeh hui na baat…’: Priyanka Gandhi's first address after Congress win in Amethi, Rae Bareli for Lok Sabha ElectionsGandhi, who secured significant victories in the Lok Sabha elections from both the Raebareli and Wayanad constituencies, sparked further speculation about his sister's potential debut. Earlier on Tuesday, he said that Prime Minister Narendra Modi would have faced a larger defeat, “by two-three lakh votes," if his sister had contested against him in Varanasi.NDTV reported citing sources that Congress President Mallikarjun Kharge had urged the Gandhi siblings to decide on their electoral participation, expressing his preference for both to contest.

government is looking to set up a National Centre of Excellence (NCoE) for Animation, Visual Effects, Gaming and Comics (AVGC) and Extended Reality (XR) in Mumbai while also proposing a policy on AVGC to spur growth of this sunrise sector and unlock its full potential, several people told ET. The NCoE will be built in Film City, Mumbai where the Maharashtra government has allotted 10 acres for the project costing more than Rs 1,000 crore.

GST) Council is likely to consider a review of 28% tax on online gaming and clarification on several procedural matters at its next meeting on June 22 in the national capital. The council may also take up recommendation of the fitment committee on inverted duty structure of 15 items, officials aware of the matter told ET. However, a broader process of rate rationalisation may be pushed for later, they said. The council secretariat announced the date of the meeting in an X post on Thursday.

Vodafone Idea Ltd (VIL) plans to raise up to Rs 2,458 crore through a preferential share issue to its two European equipment vendors Nokia and Ericsson, clearing a part of their pending dues and setting the stage for the struggling telco’s 4G expansion and 5G rollout. The board of directors of VIL approved a preferential allotment of 1.66 billion equity shares at Rs 14.80 per share to Finland’s Nokia and Sweden’s Ericsson, for a total of up to Rs 2,458 crore, the company said in a statement Thursday. Nokia will invest up to Rs 1,520 crore and Ericsson up to Rs 938 crore. The issue price is 35% higher than that in the April follow-on offer (FPO) of Rs 11 a share and comes with a lock-in period of six months.

Netflix movie is currently in the works under the notable Kathryn Bigelow, who already has two Academy Awards to her name. The interesting part is that two leading Apple TV+ stars, Idris Elba and Rebecca Ferguson are currently eyeing the lead roles around this mega project, according to a latest Collider report. It is still not known who else is running point around this project but it is reportedly a thriller film set at the White House.

Federal officials are investigating an unusual rolling motion during the flight of a Southwest Airlines Boeing 737 Max

A watchdog group says the Environmental Protection Agency should conduct additional soil studies around the site of a toxic train derailment in Ohio after independent testing found high levels of chemicals in locally grown garlic