A Bengaluru court has remanded JD(S) MLC Suraj Revanna in judicial custody until July 18. The Criminal Investigation Department (CID) is probing the cases against him. Revanna faces charges under Sections 377, 342, 506, and 34 of the Indian Penal Code. DNA samples were collected from two victims who allege sexual abuse by the legislator.
The Nifty Pharma index closed 0.65 per cent up at 19915.3.
In the sixth round of the Superbet Classic chess tournament, Indian Grandmaster R Praggnanandhaa drew with Romania's Deac Bogdan-Daniel. Meanwhile, Iranian-French Grandmaster Alireza Firouzja defeated Wesley So of the United States, standing out with his impressive performance. India's D Gukesh, with the upcoming World Championship in mind, opted for a draw against Maxime Vachier-Lagrave. Despite Praggnanandhaa's efforts against the Nimzo Indian defense, the game ended in a draw after 38 moves.
Since the launch of ChatGPT by OpenAI in 2022, there has been an immense interest in AI, with enterprises investing millions of dollars to cash in on the trend.
Seven equity mutual funds have delivered over 20% returns based on daily rolling returns over the past three and five years, as per ACE MF data.
Revenues of India's top 18 states, accounting for 90% of the gross state domestic product, are projected to grow by 8-10% to ₹38 lakh crore this fiscal year, driven by robust GST collections and central fund devolution, according to a CRISIL Ratings report. This follows a 7% growth in revenues last year.
Markets are at a new high. It is definitely a cause of celebration. It reflects India's macroeconomic fundamentals. It reflects that India has got political stability, macroeconomic stability, financial stability. There is tremendous faith on the government's policy continuity.
Decision Point Analytics has over a decade of experience in developing AI powered solutions. It has over 300 employees worldwide.
HDFC Bank, Kotak Bank, Federal Bank and Bandhan Bank saw heavy buying while AU Small Finance Bank saw selling pressure. The bank index breached its crucial resistance level of 53,000, triggering a short covering move in the index. Traders are advised to use dip to go long in the index.
Pakistan Cricket Board (PCB) has scheduled its Champions Trophy match against India in Lahore for March 1, 2023. The tournament is scheduled from February 19 to March 9, with March 10 as Reserve Day. PCB chairman Mohsin Naqvi submitted a 15-match schedule, with all India games kept in Lahore for security and logistical reasons.
OpenAI, the maker of viral chatbot ChatGPT, makes important decisions based on the India market, the company's vice president Srinivas Narayanan said at the Global IndiaAI Summit. The executive also pointed out that AI has strengthened in India's dynamic entrepreneurial ecosystem, pledging support to India's Rs 10,000 crore AI mission.
The Nifty Realty index closed 0.33 per cent up at 1113.85.
The Nifty Bank index closed 1.77 per cent up at 53089.25.
PwC said in a statement to Reuters on Wednesday that Shanghai-based Li assumed the role of chairman of PwC China and Asia Pacific with effect from July 1, taking over from Raymund Chao who retired on June 30. The firm came under the Chinese regulatory spotlight earlier this year for its role as the auditor of troubled property company China Evergrande Group.
Poverty in India declined from 21.2% in 2011-12 to 8.5% in 2022-24, despite pandemic challenges, according to NCAER's report "Rethinking Social Safety Nets in a Changing Society." Using data from the India Human Development Survey, the study highlights the need for adaptable social protection systems to match rapid economic and social transformations.
The Nifty IT index closed 0.04 per cent up at 37314.35.
Best SUV in India: Tata Nexon, Kia Sonet, maruti suzuki brezza and more SUV under Rs 12 lakh.
Hathras stampede: The deadly stampede in Hathras on Tuesday that claimed over 100 lives occurred at a congregation of Baba Narayan Hari alias Saakar Vishwa Hari 'Bhole Baba'.
The 30-stock S&P BSE Sensex reached a record high of 80,074.3 before closing the session at 79,987, up by 545 points or 0.69%. Meanwhile, the broader Nifty hit a peak of 24,309.15 before ending the day at 24,287, gaining 163 points or 0.67%.
Hathras incident occurred on Tuesday in Hathras district, where thousands had gathered near Phulrai village in the Sikandrarau area for a 'satsang' led by a religious preacher. In response, the Uttar Pradesh Police lodged an FIR against the event organizers, accusing them of concealing evidence and violating regulations by allowing 2.5 lakh attendees despite having permission for only 80,000.
On Wednesday, Indian headline indices reached new record highs, driven by a rally in banks and financial stocks.
Ajay Khandelwal says expecting between 5% and 7% earning growth in large-cap IT companies, but certain businesses in midcap IT will grow even more than 15% to 20%. At this point, we have allocation in our large and midcap and our multi-cap. But in terms of smallcap, we do not have IT allocation.
Investors eagerly anticipate the release of U.S. labor market data and minutes from the Federal Reserve's recent policy meeting. Both BSE Sensex and Nifty 50 ended the session at record highs, reflecting positive market sentiment.
Investors are advised to maintain asset allocation discipline and a long-term investment strategy to navigate market volatility effectively.
Maliwal on Tuesday wrote to Delhi Chief Minister Arvind Kejriwal, accusing his government of "systematically dismantling" the commission after she resigned as its chief.
