Newsmen Business Desk

The company's full-stack approach is expected to accelerate the adoption of generative AI (GenAI) in India, especially for enterprises struggling to leverage its potential. Sarvam AI will focus on training AI models to support diverse Indian languages and voice-first interfaces.

The research report emphasizes a relative preference for large-cap stocks over mid-caps and small-caps on a top-down basis. While Paharia remains optimistic about the medium to long-term prospects of Indian equity markets driven by strong economic growth, he urges caution due to the recent sharp run-up in markets.

The vote on account serves as an interim budget, allowing the current government to seek Parliament's approval for necessary expenditures to sustain the country's operations until the new government assumes office.

The company informed its employees this week about assurances from an investor regarding the expected funds, indicating that these funds would likely be received by early next week.

Indications suggest a more substantial shift, expected to persist until at least the mid-April to May 24, coinciding with the ongoing elections. The prevailing market sentiment reflects optimism, aligning with the current government's favorable disposition and increasing the likelihood of their consecutive third term.

During this same period, these banks managed to recover only Rs 1.9 lakh crore, according to information obtained by Moneycontrol.com through a Right to Information (RTI) request.

Operating profits for the airline industry are projected to increase from $40.7 billion in 2023 to $49.3 billion in 2024, while total revenues in 2024 are expected to reach a record $964 billion, representing a 7.6% year-over-year growth. The forecast indicates that 4.7 billion people will travel in 2024, surpassing the pre-pandemic level of 4.5 billion recorded in 2019. Cargo volumes are also expected to rise, reaching 58 and 61 million tonnes in 2023 and 2024, respectively.

The electric vehicle company, on the cusp of its IPO launch, reported an EBITDA loss of Rs 1,318 crore, with total expenses soaring to Rs 3,383 crore, a stark contrast to the Rs 1,240 crore recorded in FY22.

This remarkable performance comes after Adani re-entered the list of the top 20 richest people in the world in November, thanks to the rally in Adani Group stocks.

The unseasonal rainfall in November had a detrimental impact on onion and tomato crops, resulting in a shortage of these commodities and subsequent price hikes.