HCLTech on Monday, June 8 announced the launch of an AI Innovation Zone in collaboration with Google Cloud at Santa Clara, California. The facility is designed to enable global enterprises to scale AI applications across agentic, kinetic and physical AI. As per a press release filled on NSE, company said the AI Innovation Zone, powered…
Rail Vikas Nigam Limited (RVNL) said on Monday, June 8, it has received a letter of acceptance (LoA) from South East Central Railway for an engineering, procurement and construction (EPC) contract valued at ₹221.33 crore in Chhattisgarh. According to the company’s disclosure, the project involves replacement of panel interlocking with electronic interlocking, installation of indoor…
It was only a few sessions ago that we were talking to you about the Nifty looking to cross the 23,700 – 23,800 congestion zone on the upside for a move back towards the 24,000 mark. For a brief period, that did happen too. That’s the more important part, the period was brief. In the…
Shares of gems and jewellery firm Rajesh Exports Ltd (REL) hit a fresh lower circuit limit on Monday, tumbling over 14% in the past three days, after the Sebi last week passed an interim order alleging massive financial fraud by the company. The stock tanked 4.98% to hit the lower circuit limit at ₹94.50 on…
Why did this happen? “Several factors came together over Friday and the weekend. First, Broadcom’s guidance on chip revenue pointed to nearly 200 per cent growth, reaching close to $16 billion. While that may sound impressive, it fell slightly short of the market’s elevated expectations,” Raychaudhuri said adding, “Second, a stronger-than-expected US non-farm payrolls report…
Market Expert Sees Better Returns Ahead. (Image: ET Now) Indian equities may have struggled to deliver meaningful returns over the past two years, but improving corporate earnings and attractive valuations are creating a favourable setup for long-term investors, according to Wealth Advisor Rupen Rajguru of Julius Baer. Speaking to ET NOW, Rajguru said the Indian…
Zee Entertainment‘s proposed fundraising plan has raised questions among investors, with Nuvama Institutional Equities Executive Director Abneesh Roy pointing out that the company already has a strong cash position. According to Roy, Zee is sitting on cash equivalent to roughly 20-25% of its market capitalisation, making the rationale behind a fresh capital raise unclear. “We…
JSW Energy Ltd said on Monday, June 8 that it has commissioned a wind blade manufacturing plant at Halol in Gujarat as the company moves to strengthen its wind energy supply chain and expand in-house manufacturing capabilities. The facility has an annual production capacity of up to 450 wind blades, equivalent to supporting around 600…
Kotak Mahindra Bank: On mergers and acquisitions, management indicated a preference for portfolio acquisitions rather than entity-level deals. The CEO reiterated that previous acquisitions have yielded positive outcomes in terms of customer retention and cross-selling opportunities. Kotak Mahindra Bank Share Price Target 2026: Emkay recently met the Managing Director and CEO of Kotak Mahindra Bank…
Nifty 50 breakdown: Markets to slip further? Selective opportunities in THESE sunrise sectors; Here’s why experts are warning against aggressive buying | ET NOW EXCLUSIVE (Image source: Shutterstock/ET NOW) Nifty 50 breakdown warning: With Indian markets reeling under pressure amid weak global cues, surging crude oil prices and persistent foreign institutional investor (FII) selling, technical…
