BUSINESS
Markets to remain range bound
On that fateful day, markets made new highs with BSESENSEX touching 71,913.07 points while NIFTY touched 21,593.00 points and thereafter just gave way.
Anticipated: Global Chip Market Set for Robust Recovery with 20% Annual Growth in 2024
The escalating worldwide appetite for artificial intelligence (AI) and high-performance computing (HPC), coupled with a stabilizing demand for smartphones, personal computers, infrastructure, and unwavering growth in the automotive sector, positions the semiconductor industry for a transformative phase, asserts the latest research from IDC.
Infosys Loses Undisclosed Global Client, Terminating $1.5 Billion AI Deal
The company clarified this development in an exchange filing, continuing from their earlier disclosure on September 14, 2023, regarding the Memorandum of Understanding.
Limited upside potential for Nifty in next 12 months due to rich valuations
Rich index valuations leave little room for any upside potential, the report said.
FPIs big buyers in financial services
Total FPI inflows in December through 22nd is Rs 57,313 crore including the buying through stock exchanges and primary market.
Domestic Institutional Investors (DIIs) Injected $20.2 Billion in 2023
Despite the consensus expectation of moderate equity returns in 2023 due to factors like rising global interest rates, limited valuation potential, and elevated crude prices amid geopolitical tensions, India's financial markets outperformed predictions.
Apple Reportedly Pursuing $50 Million Deals with News Publishers for GenAI Model Training
While Apple's approach has triggered varying responses among publishers, some express optimism about the prospects of a meaningful partnership.
Tencent Loses $46 Billion in Market Cap Following China's Proposed Gaming Regulation Draft
Tencent Holdings, the leading gaming firm, saw a staggering $46 billion reduction in its market capitalization as Beijing introduced draft regulations aimed at restricting players' spending.
Tata Steel to Weigh Merger Scheme with Indian Steel & Wire Products, Shareholders Meeting Scheduled for Jan 25
Tata Steel Limited, the transferee company, stands as a global leader in the steel industry, boasting a century-long legacy in steel manufacturing and serving as a pioneering force in India's steel sector.
Government Extends Customs Duty Exemption on Masoor Dal until March 2025
Food inflation, constituting a significant portion of the overall consumer price basket, surged by 8.7% in November, compared to 6.61% in October.
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