Anthropic accused Alibaba of carrying out an extensive campaign to access Claude, its flagship artificial intelligence model, by deploying thousands of proxy accounts, calling it the biggest attempt by a Chinese company to stride on US AI technology. The AI startup in a letter addressed to several US senators and White House officials, claimed that…
Shares of State Bank of India (SBI), India’s largest lender are trading with gains on Thursday, June 25, after brokerage firm CLSA reiterated its optimistic stance on the stock, expecting it to cross its previous record high levels. CLSA has maintained its “outperform” rating on shares of SBI with a price target of ₹1,275, which…
Reliance Industries has already announced plans to invest ₹10 lakh crore in building multi-gigawatt-scale AI-ready data centres, describing the initiative as a step towards creating a “sustainable, high-performance computer backbone” for India, and Jio would play a key role in this project. Jio Platform, a homegrown digital behemoth, has a rare achievement. It has two…
Artificial intelligence (AI) is likely to remain the dominant force driving global markets through the coming quarters and potentially into the middle of next year, says David Chao, Global Market Strategist–Asia Pacific at Invesco. While AI continues to attract significant capital flows and support earnings growth, Chao cautions that it is also one of the…
Shares of gold financiers Manappuram Finance Ltd., Muthoot Finance Ltd., IIFL Finance Ltd., and lenders involved in Gold Financing such as CSB Bank Ltd. are trading with losses of up to 5% on Thursday, June 25, as gold prices continue to remain under pressure on fears of high inflation leading to rate hikes by the…
The $200 area represents both a psychological level and a prior breakout zone, creating a technical floor for the trade. If $200 holds and semiconductor sentiment stabilises, NVDA could begin rebuilding toward the $225 resistance area. Nvidia’s recent pullback with the broader semiconductor complex has reset the stock to one of its most important technical and…
Concerns over delayed monsoons and El Nino may be weighing on fast-moving consumer goods (FMCG) stocks, but Nuvama Institutional Equities expects consumer companies to report another strong quarter, with healthy sales and volume growth continuing across the sector. Abneesh Roy, Executive Director at Nuvama Institutional Equities, said most FMCG companies are likely to build on…
S&P Global Ratings on Thursday, June 25, upgraded Adani Ports and Special Economic Zone Ltd (APSEZ) to ‘BBB’ from ‘BBB-‘, marking a one-notch improvement driven by the company’s strong operating cash flows and a considerably leaner balance sheet compared to two years ago. The upgrade takes APSEZ further into investment-grade territory and could help lower…
Jupiter Wagons Ltd said on Thursday, June 25 that it has secured two orders worth a combined ₹264.32 crore from JSW (South) Rail Logistics Private Limited and Central Warehousing Corporation (CWC), strengthening its order book and presence across the freight logistics sector. The wins come as both private companies and government agencies increasingly shift cargo…
A fragile peace in West Asia may have delivered a meaningful reprieve to corporate India. Crisil Ratings has sharply lowered its estimate of the damage from the region’s recent conflict, saying the impact on India Inc’s operating profitability is now likely to be limited to around 100 basis points this fiscal, compared with the 200-basis-point…
