China will be at forefront of AI, Alphabetâs Sundar Pichai says
November 17th, 2023 14:27
The scale of AI work in China âis just astounding to see,â Pichai said at the Asia-Pacific Economic Cooperation conference in San Francisco, in an on-stage interview by Bloombergâs Emily Chang. âIn some ways, China is going to be at the forefront of AI and thatâs a given.â
Nifty IT index poised for breakout; analyst top picks include large caps HCL Tech, TCS and Infosys
November 17th, 2023 14:27
The Nifty IT Monthly Chart indicates that the recent decline found support at the long-term rising trendline. Technical analyst notes this as a significant long-term bullish development. Additionally, seasonal data points to November as a good month, and December as the best, making it opportune to accumulate the IT index during recent weakness to ride the upcoming positive seasonal trend.
Gandhar Oil Refinery IPO: Check price band, issue timeline, other details
November 17th, 2023 13:27
Gandhar Oil Refinery IPO comprises the issuance of fresh equity shares worth Rs 302 crore and an offer for sale (OFS) of 11,756,910 equity shares by existing shareholders. Under the OFS, promoter-selling shareholders Kailash Parekh, Gulab Parekh, and other selling shareholders Green Desert Real Estate and Fleet Line Shipping among others will offload stakes.
RBI wakes up to the systemic risk from exuberant retail lending
November 17th, 2023 13:27
The complacency of lenders with respect to a potential surge in delinquencies, where households are funding ordinary consumption using retail loans and possibly being used for trading in the financial markets may be bothering the RBI as they pose a systemic risk for financial stability.
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