The equity benchmark indices BSE Sensex and NSE Nifty ended at the day’s low on Friday (May 29) after a sharp selloff in the final hour of trade. The Sensex fell 1,092 points to close at 74,776, while the Nifty declined 359 points to settle at 23,548. The Nifty Bank slipped 615 points to 54,239,…
The lack of AI argument holds true all countries except four: the US, China, South Korea, and Taiwan. However, the fund outflow from Indian equities has been a lot more than other countries. By Sriram Iyer May 29, 2026, 4:07:22 PM IST (Updated) For the better part of a decade, the global artificial intelligence (AI)…
Sebi simplifies nomination process for demat accounts, Mutual Funds Capital markets regulator Sebi has eased the nomination process for demat accounts and mutual fund folios in a bid to make investing more convenient and reduce the rise in unclaimed financial assets. Under the revised framework announced on Friday, investors opening single-holder demat accounts or mutual…
Artificial intelligence is set to reshape the nature of work, but the market’s enthusiasm around the technology may be getting ahead of reality, according to former Reserve Bank of India Governor and economist Raghuram Rajan. In a recent Project Syndicate essay titled ‘A Cold Shower for AI Mania’, Rajan acknowledged the transformative potential of AI…
A weeks-long rally in space-related stocks came to an abrupt halt on Friday (May 29), with the explosion of a Blue Origin rocket serving as a glaring reminder of the risks that come with the potential riches investors hope to reap from the blossoming industry. The Jeff Bezos-backed firm’s New Glenn rocket blew up Thursday…
IREDA has reported its highest-ever profit after tax at Rs 1873 crore for the financial year 2025-26, marking a major milestone in the company’s growth journey under the leadership of Chairman and Managing Director Shri Pradip Kumar Das. Under his leadership, the Indian Renewable Energy Development Agency (IREDA) has strengthened its position as a key…
State-owned iron ore miner NMDC Ltd reported a 36% year-on-year rise in consolidated net profit for the fourth quarter ended March 2026, driven by strong growth across its iron ore and steel-related businesses. Net profit for the quarter stood at ₹2,017.6 crore, compared with ₹1,483.2 crore in the corresponding period last year. Revenue from operations…
NMDC Q4 Results 2026: State-run mining major NMDC Limited reported a strong performance for the March quarter, with net profit rising nearly 16 per cent sequentially and revenue witnessing a sharp jump driven by improved operational performance. According to the company’s stock exchange filing released on Friday, consolidated net profit for the fourth quarter of…
PB Fintech on Friday (May 29) saw a block deal in which founders Yashish Dahiya and Alok Bansal sold 38 lakh shares, equivalent to a 0.82% stake (38 lakh shares) in the company, for about ₹665 crore. The shares were sold at an average price of ₹1,751 per share. Among the buyers, St. James’s Place…
State-owned Power Grid Corporation of India Ltd (Power Grid) on Friday, May 29, said it has acquired Tumkur II RE Transmission Ltd (TRETL) on May 29, 2026, after emerging as the successful bidder under the tariff-based competitive bidding (TBCB) process. The acquisition was completed through the bid process coordinator, PFC Consulting Ltd (PFCCL), under the…
