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₹1—no physical doctor’s time can be this affordable," Pratyush Kumar, cofounder of Sarvam and adjunct faculty at Indian Institute of Technology (IIT), Madras, told Mint last month. “Instead of taking clientele away from doctors, in India, such domain-specific AI models can make healthcare more accessible to a wide population base." The approach Sarvam, Adya.ai and some of their peers are taking marks a sobering change after an initial AI euphoria to create general purpose generative AI models.

National Steel Policy (NSP) in the wake of some advanced economies such as the EU imposing carbon tariff (Carbon Border Adjustment Mechanism) on steel imports and the growing need to decarbonise the sector, officials said. The idea is to assess the impact of the policy on production and usage of the commodity and examine if any tweaks are required in view of the new emerging challenges, they said. «We are reviewing the NSP 2017 and working on stainless steel and green steel policy,» one of the officials said.

Quebec and Ontario organized crime members are travelling to Western Canada to steal valuable vehicles and ship them to Montreal for illicit export sales, a new federal intelligence report says.

The XRP price has risen by 2.5% today, reaching $0.5805 as the crypto market as a whole falls by 1.5% in the past 24 hours.

The Bank of Canada is expected to cut its policy rate at its next meeting in September, something that will become even more likely if economists’ predictions that inflation continued to cool last month come true.

Read this | Green revolution 2.0: Why India needs an integrated energy policy Meanwhile, India holds its position as the world’s fourth-largest renewable power capacity, trailing only China and Brazil among emerging economies, excluding hydropower plants. Also read: The rooftop eclipse on India’s solar ambitions India also aims to power half of its energy capacity with renewables by 2030, a goal supported by encouraging progress.

On Tuesday, hardware chain Lowe’s reports its most recent quarterly results

Aditya Arora, Adlytick, says the recovery in the Nifty Mid Cap space which is also in derivatives, the recovery is just about 50% of the fall. So, the recovery is not very strong and it is not broad-based because a lot of pockets are still down about 10% to 20%. One should just treat this as a retracement of the fall and should not be a blind bull at this point. What is your take on the benchmark indices and the levels that one should watch out for? Aditya Arora: The markets have recovered pretty smartly from those levels, but the recovery is pretty muted. If you look at Nifty Mid Cap space which is also in derivatives, the recovery is just about 50% of the fall. So, the recovery is not very strong and it is not broad-based because a lot of pockets are still down about 10% to 20%. One should just treat this as a retracement of the fall and should not be a blind bull at this point because we are not seeing fresh breakouts in many pockets.

Brokerage firm Systematix has initiated coverage on Patanjali Foods with a 'Buy' rating and a target price of Rs 2,259. This represents an upside potential of 24% from the previous closing price of Rs 1,828.50 per share. In its coverage initiation, Systematix highlighted Patanjali Foods' aggressive palm oil plantation plan within its edible oils business. The brokerage firm noted, «Patanjali is poised to leverage the strong premiumisation drive in its foods business.»

HDFC Bank Ltd. with a target price of Rs 1,850. The current market price of HDFC Bank Ltd. is Rs 1,630. HDFC Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 1241721.64 Crore).

Newly-listed Ola Electric's 75% rally from IPO issue price has caught both traders and long-term investors off-guard. Anand James, Chief Market Strategist, Geojit Financial Services, says. However, the timeframe is short to conclude whether the EV stock is now in an overbought zone, there are signs of positional trades being built systematically.. «Daily volumes have declined since the first day, while intraday volumes are tapering through the day. This does not suggest a FOMO trade,» he says… Edited excerpts from a chat: Nifty has been largely stuck in a narrow trading range of 400-500 points for the last few days. After Friday's upside, do you see signs of a fresh breakout on the upside? Anand James: We had gone in last week, with the expectation of achieving 24540, as long as the downside marker of 23975 held.

Zomato on Monday jumped 6% to hit a fresh 52-week high of Rs 280 on BSE after the global brokerage firm UBS raised the target price on the new-age stock from Rs 260 to Rs 320. «We increase our GMV estimates for food delivery (+2-3%) and quick commerce (+20-30%) for FY26-28e following the strong Q1 and solid guidance. Our adj EBITDA estimates for the next 1-2 years are up only slightly as investments in building supply for quick commerce will likely result in a more modest margin trajectory,» UBS said in a note while maintaining a buy call.

Mint looks at the reasons for this fall, its impact on the economy and what the domestic industry should do. The benchmark per tonne price of hot rolled coil steel—used in automotive, railways, agriculture and mining industries—in Mumbai has fallen to ₹50,900 this month, the lowest since September 2020 when prices were at ₹49,200 per tonne. The current price is nearly 33% less than the peak of ₹76,000 per tonne of April 2022.

The Nifty50 closed 397 points higher at 24,541 on Friday, while the Indian VIX fell over 6% to close at 14.40.

Buy or sell stocks for today: Following strong global market sentiments, the Indian stock market ended higher on Friday as ease in the US recession fear renewed the US Fed rate cut buzz. The Nifty 50 index finished 396 points north at the 24,540 mark, the BSE Sensex shot up 1,330 points and closed at 80,436, while the Bank Nifty index gained 788 points and ended at 50,515.

Why Kolkata is a big pull for the beauty market Listed player Honasa Consumer, which owns skincare brands Mamaearth and Aqualogica, launched Staze, an affordable, youth-focused colour cosmetics range earlier this year. Last year, A91 Partners-backed SUGAR launched SUGAR Play, targeting teens and pre-teens. Kaushik Mukherjee, co-founder and chief operating officer at SUGAR, told Mint, “With increased exposure to global fashion and beauty trends through social media and the internet, teenagers in India are becoming more conscious of their appearance and grooming.

Breakout stocks to buy today: Following strong global market sentiments, the Indian stock market ended higher on Friday as ease in the US recession fear renewed the US Fed rate cut buzz. The Nifty 50 index finished 396 points north at the 24,540 mark, the BSE Sensex shot up 1,330 points and closed at 80,436, while the Bank Nifty index gained 788 points and ended at 50,515. In the broad market, the BSE Small-cap index skyrocketed 1.70 per cent, whereas the Mid-cap index shot up 1.80 per cent during Friday deals.

Mint earlier reported about Macquarie Group, JSW Neo Energy, and Actis Llp signing NDAs to buy O2 Power. Barclays is running the sale process for the deal having an equity and enterprise value of around $1 billion and $2.3 billion respectively. The next stage involves shortlisting the NBOs to give selected bidders full data room access, after which the binding bids will be submitted.

₹2,400-3,000 crore, translating to ₹4-5 crore per MW, the people cited above said on the condition of anonymity. A potential acquisition would help India's largest private thermal power producer capitalize on the rising electricity demand in the country. "Adani Power is negotiating with CFM Asset Reconstruction Co.

Apple Inc's business in India, including exports, crossed ₹2 lakh crore in fiscal 2024, driven not only by a surge in the local manufacturing and export of iPhones, but also a spurt in domestic sales of its other products including MacBooks, iPads and Watches. The US-based tech giant has likely exhibited the fastest growth in production and exports by any company in the last 50 years in India, making it the largest global value chain operating here, said officials. The company exported ₹1.35 lakh crore worth of iPhones, highest by any single brand in FY24 from India, while local sales were ₹68,000 crore. The Economic Survey 2023-24 mentioned Apple five times, underscoring the company's role in India's efforts to become a global smartphone manufacturing hub.

Agnibaan. The company used an industrial 3D printer to make the semi-cryogenic rocket engine as “a single piece in less than a week—right from the place where the fuel enters the engine, till the exhaust and nozzle," Srinath Ravichandran, Agnikul’s co-founder and CEO, told Mint. 3D printing, also known as additive manufacturing, fabricates complex objects by depositing materials layer by layer.