The Bank of Japan (BOJ) hinted at the need to increase the benchmark interest rate in view of discussions held at the previous week’s board meeting, when authorities had raised the benchmark to the highest in three decades. The central bank raised its interest rate to 1%, the highest since September 1995 influenced by inflationary…
Indian equity benchmarks moved sharply higher in early trade, with the Nifty 50 rising over 1 per cent to cross the 24,000 mark and the Sensex surged 990 points. While both indices gave up a small portion of their gains later in the session, they continued to trade firmly in the green, reflecting sustained positive…
Sebi Advertisement Guidelines: The Securities and Exchange Board of India (SEBI) on Tuesday released a consultation paper proposing a Common Advertisement Code (CAC) for specified regulated entities, aimed at replacing multiple entity-specific advertising frameworks with a unified regulatory regime. The proposed framework would apply to stock brokers, depository participants, investment advisers, research analysts, online bond…
Shares of steel wires manufacturer DP Wires Ltd climbed nearly 5% in early trade after Bollywood actor Amitabh Bachchan reduced his stake in the company through an open market transaction. According to bulk deal data on the National Stock Exchange (NSE), Bachchan sold 1,23,622 shares, representing about 0.79% stake, at an average price of ₹200.84…
Global AI and semiconductor stocks face a healthy pullback amid regulatory concerns in South Korea and questions over future AI spending, while India emerges as a potential beneficiary of shifting global investment flows. (Image: AI/ET Now) Stock Market Outlook: Asian equity markets came under pressure on Wednesday, with Japan falling, as investors reacted to a…
The recent sell-off in US technology stocks should be viewed as a pause rather than the start of a broader market reversal, according to John Stoltzfus, Managing Director and Chief Investment Strategist at Oppenheimer Asset Management. He believes the long-term technology upgrade cycle remains intact, supported by strong corporate earnings, ongoing innovation and a Federal…
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.” “I think it’s blasphemy against AI if you say it’s a bubble,” Son said at the Japanese conglomerate’s annual general meeting. “It’s just the beginning….
Indian biopharma companies and contract drug manufacturers (CDMOs) could see a near-term boost in demand as they help address shortages of key cancer drugs in the US, according to Nandan Kulkarni, Senior Analyst-India Healthcare at Bernstein. Kulkarni said the shortages have emerged because changing economics and geopolitical uncertainties have made some markets less attractive for…
Two companies are set to tap the primary market next week, collectively seeking to raise nearly ₹610 crore through their initial public offerings (IPOs). Textile manufacturer Aastha Spintex will open its IPO for subscription on June 29, with the issue closing on July 1. The company has fixed the issue price at ₹136 per share,…
Shares of JK Cement Ltd. gained on Tuesday, June 24, after the company was declared the preferred bidder for the Gilund Limestone Block in Rajasthan. In an exchange filing, the cement manufacturer said it had participated in an e-auction conducted by the Rajasthan government and emerged as the preferred bidder for the mining lease of…
