Vedanta gets 'buy' tag from CLSA with target raised to Rs 390 on commodity upcycle, shares hit 52-week high

CLSA has upgraded Vedanta's rating from 'reduce' to 'buy' and raised the target price to Rs 390 from Rs 360 with an eye on the rise in commodity prices. Following the rating upgrade, shares of Vedanta rose as much as 7.7 percent to hit a 52-week high of Rs 364.60 on April 10. In the past year, stock has gained 34 percent. Read here

Take a look at these key events

Today
Mahatma Jyotiba Phule's Birth Anniversary
National Pet Day
National Safe Motherhood Day
Eid-ul-Fitr
Amit Shah's public meetings in Mandla, Katni in MP
White House to host trilateral summit with Philippines, Japan
Realme GT Neo 6 SE launch
IPL: MI vs RCBTomorrow
Bharti Hexacom listing on stock exchange
Aster DM board to consider special dividend
National Housing Bank to raise up to Rs 3,000 cr from bonds
Rahul Gandhi to campaign in Palayamkottai
PM Modi rally in J&K's Udhampur
Rahul Gandhi, Stalin INDIA rally in Coimbatore
Infinix 40 Pro 5G to launch in India
IPL: LSG vs DC

Equity inflows slump 16% in March as smallcap funds see first outflows in 30 months

Smallcap mutual funds saw outflows for the first time in 30 months in March, as investors turned cautious after the capital markets regulator the Securities and Exchange Board of India (SEBI) raised concerns over "froth" in the segment. Inflows into open-ended equity mutual funds slumped 16 percent to Rs 22,633 crore in March, led by outflows in smallcap funds, data released by the Association of Mutual Funds of India (AMFI) on April 10 showed. Read more here

Raghuvir Exim files IPO papers with Sebi

Textile company Raghuvir Exim Ltd has filed preliminary papers with markets regulator Sebi to raise funds through an initial public offering (IPO). The fresh capital will be used to fund expansion plans, it said. The company's IPO comprises fresh issue of 1.4 crore equity shares and an offer for sale (OFS) of 45 lakh equity shares by promoter Sunil Agarwal, according to the draft red herring prospectus (DRHP). Read more here

OpenAI, Meta to roll out AI models capable of ‘reasoning’

Microsoft-backed OpenAI and Meta will soon release artificial intelligence (AI) models that will be able to reason and plan, a report has said. While executives of Meta said they will be rolling out Llama 3 in the coming weeks, OpenAI said its next version of AI model "GPT-5" will be launched soon, London-based Financial Times newspaper has reported. Read here

Amid protest, experts suggest ban on supply to construction work

Months ahead of peak summer, Bengaluru is already reeling from an unprecedented water crisis, with apartment owners scrambling for supply amidst dried-up bore wells and overburdened tanker services. Much of the blame lies with the rampant construction across the city. Against the backdrop of steadily rising real estate prices, experts says the water situation has worsened due to the added burden of unplanned construction and infrastructure expansion. Read here

Bengaluru techie turns Swiggy agent, shares her experience

A Bengaluru-based techie who tried her hand at being a delivery agent for Swiggy has summed up her experience in a LinkedIn post. Namrata Singh shared a post on the things she found interesting while working as a delivery agent for Swiggy. Her post highlights how Swiggy has multiple safeguards in place to ensure that food orders reach the customer without a hitch. Read more here