BUSINESS
Will AI kill jobs? Hedge fund billionaire Ken Griffin weighs in
One should not take an alarmist view on job displacement by AI, says the founder of Citadel, adding collaboration between AI and humans can create more efficient and productive work environments
BUSINESS
Investor extraordinaire Druckenmiller predicts deeper crisis, more shoes to fall
Druckenmiller is not all gloom though. "Despite the challenges we face, there are opportunities for those who can navigate wisely and identify pockets of growth and innovation," he said.
BUSINESS
Ramkrishna Forgings gains on incorporation of new company with TRSL
Ramkrishna Titagarh Rail Wheels Limited will manufacture and supply forged wheels, with RKFL and TRSL holding equal stake
BUSINESS
Usha Martin jumps 4% after Motilal Oswal buys 18.5 lakh shares
Usha Martin Ltd has given a return of 110.03 percent over the last six months. Thus, considerably outperforming the benchmark Nifty50 index which has given a return of 0.51 percent over the same duration.
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
Foreign institutional investors (FII) sold shares worth Rs 626.62 crore, whereas domestic institutional investors (DII) bought shares worth Rs 1,793.85 crore on June 12, provisional data from the National Stock Exchange shows.
BUSINESS
CONCOR trades lower as stake sale plan runs into railways
Moneycontrol has reported that the railways, the nodal ministry, has raised concerns about the plan to reduce government’s stake by selling 30.8 percent of its holding in CONCOR
BUSINESS
TVS Motors gains after subsidiary picks stake in Swiss e-bike firm
TVS Motors Company Ltd stock has given a return of 30.37 percent over the last six months, outperforming the benchmark Nifty which has given a return of 0.74 percent over the same duration
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
Foreign institutional investors (FII) sold shares worth Rs 308.97 crore, whereas domestic institutional investors (DII) bought shares worth Rs 1,245.51 crore on June 9, provisional data from the National Stock Exchange shows.
BUSINESS
Looming US debt crisis is in a late-stage big cycle, ace investor Ray Dalio says
The renowned investor's words reflect the growing unease among financial experts regarding the escalating debt burden in the United States, which now stands at a record of more than $31 trillion.
BUSINESS
Bhansali Engg Polymers take a 12% dent as stock turns ex-dividend today
Bhansali Engineering stock has given a return of 24.45 percent over the last six months. Thus, outperforming the Nifty50 benchmark index which has given a return of 0.71 percent over the same duration.
BUSINESS
Snowman Logistics jumps 7% after Gateway Distriparks buys 14 lakh shares
Gateway Distriparks has acquired an additional 14 lakh shares in the logistics company through open market transactions at an average price of Rs 43.32 per share
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
Foreign institutional investors (FIIs) bought shares worth Rs 212.40 crore, whereas domestic institutional investors (DIIs) sold shares worth Rs 405.01 crore on June 8, provisional data from the National Stock Exchange shows.
BUSINESS
Deutsche Bank forecasts earlier, milder recession for the US
The US Federal Reserve has hiked interest rates 10 times consecutively since March 2022 to tame inflation. This is on record one of US central bank’s most aggressive rate-hike cycles in recent history
BUSINESS
Aether Industries Ltd jumps 7% post LoI with US-based company
The LoI paves the way for the execution of a Strategic Supply Agreement (SSA) between the two companies within 3 months of the LoI execution.
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
Foreign institutional investors (FIIs) bought shares worth Rs 1,382.57 crore, while domestic institutional investors (DIIs) purchased shares worth Rs 392.30 crore on June 7, provisional data from the National Stock Exchange shows.
BUSINESS
New India Assurance Company Ltd up 2% on May boost to market share
New India Assurance Company Ltd stock has given a return of 14.55 percent over the last six months against Nifty's 0.75 percent
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
Foreign institutional investors (FIIs) bought shares worth Rs 385.71 crore, whereas domestic institutional investors (DIIs) sold shares worth Rs 489.02 crore on June 6, provisional data from the National Stock Exchange shows.
BUSINESS
Economist and gold bug Peter Schiff sounds alarm on impending US dollar crisis
Schiff draws attention to the Federal Reserve's monetary policies as a key driver of the potential crisis. He argues that the central bank's continuous injection of liquidity into the financial system, combined with historically low interest rates, is leading to an erosion of the US dollar's value.
BUSINESS
HBL Power jumps 6% on optimism for Kavach system, hits 52-week high
Recent developments have sparked optimism among investors as the government focuses on prioritising safety measures and the deployment of the Kavach system.
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
Foreign institutional investors (FIIs) sold shares worth Rs 700.98 crore, whereas domestic institutional investors (DIIs) bought shares worth Rs 1,195.98 crore on June 5, provisional data from the National Stock Exchange shows.
BUSINESS
Banks and diversified financials look ‘attractive’: Kotak Equities
Axis Bank, SBI, ICICI Bank are the preferred choices of Kotak Equities in the tier-1 category. Though the firm favors tier-2 banks over tier-1 banks.
BUSINESS
Kotak Equities rates IndiaMART 'reduce', lowers target price to Rs 5,400
Kotak Institutional Equities (KIE) has initiated coverage on Indiamart with a REDUCE rating and fair value (FV) of Rs 5,400. The fair value is based on the discounted cash flow based valuation.
BUSINESS
Wonderla Holidays jumps 4% on TN local body tax waiver
Wonderla Holidays Ltd stock has given a return of 62.15 percent over the last 5 years. Thus underperforming the Nifty50 benchmark index which has given a return of 73.87 percent over the same duration.
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
Foreign institutional investors (FIIs) sold shares worth Rs 658.88 crore, whereas domestic institutional investors (DIIs) bought shares worth Rs 581.85 crore on June 2, provisional data from the National Stock Exchange shows.
