Equitas Small Finance Bank board clears ₹1,750 crore capital raising plan
Shares of Equitas Small Finance Bank Ltd ended at ₹77.12, up by ₹0.070, or 0.091%, on the BSE.
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HCLTech signs AI-focused deals with Nokia and renewable fuels firm Neste
HCLTech has announced two new partnerships aimed at expanding its AI-led business. The company will work with Nokia on AI-driven network automation for telecom operators and help Finland-based Neste improve efficiency through artificial intelligence and IT transformation.
Oberoi Realty shares gain 3% as maiden Gurugram project likely gets HRERA nod
BofA Securities has estimated the first phase of the Gurugram project to have gross development value of ₹2,500 crore to ₹3,000 crore. Meanwhile, Kotak Securities said the 2.6 million square feet project has the potential of ₹10,000 crore sales value.
HDFC Bank chairman search narrows to 3 candidates as board nears decision
HDFC Bank has shortlisted three candidates for its next non-executive chairman, with the board expected to finalise its recommendation by end-June. The decision is closely linked to CEO Sashidhar Jagdishan’s future and comes amid ongoing governance-related scrutiny.
Bank of Japan hints at more rate increases this year after 30-year-high hike
BOJ board meeting summary says it is appropriate for the bank to continue to raise the policy interest rate considering that the consumer price index (CPI) inflation had been approaching 2%.
Sensex jumps 791 points, Nifty tops 24,000: 3 reasons why markets rose today
Index majors ICICI Bank, HDFC Bank and Infosys led the rally, helping both Sensex and Nifty gain nearly 1%. The Nifty IT index also strengthened after Axis Capital upgraded eight IT stocks, adding momentum to the broader market.
India may not be winning the AI race, but its economy is still growing fast: S&P
While economies linked to semiconductor manufacturing are benefiting the most from the AI investment boom, India’s growth remains supported by strong domestic demand, according to S&P Global Ratings. The agency expects the economy to grow around 6.6% despite global trade…
Talk of a bubble is ‘blasphemy against AI’ says SoftBank’s Son
SoftBank founder and CEO Masayoshi Son told shareholders on Wednesday that artificial intelligence is still in its early stages and any talk of a bubble is “an insult to AI.”
US tech rally has further to run; India well placed: John Stoltzfus
John Stoltzfus, MD and Chief Investment Strategist at Oppenheimer Asset Management remains positive on the long-term artificial intelligence (AI) and technology investment cycle, expects the Fed to stay on hold, and sees emerging markets outperforming developed peers.
Syngene shares can still rally 70% despite Macquarie cutting price target; here’s why
The foreign brokerage said the recent correction in Syngene’s share price adequately reflects the near-term headwinds facing its contract manufacturing organisation (CMO) business from a single product. However, it believes the market is overlooking several medium-term growth drivers.