The Indian stock market is poised for a positive start on Monday, February 9, with benchmark indices Sensex and Nifty 50 expected to open higher, supported by firm global cues, strong technical structures, and a bullish signal from Gift Nifty. Market participants remain optimistic after last week’s gains following the…
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Metal Stocks Slide as Hindustan Zinc, Vedanta Fall Up to 7%
Metal stocks witnessed sharp selling pressure on Thursday as shares of major companies such as Hindustan Zinc, Vedanta and National Aluminium Company (NALCO) declined by up to 7 percent in early trade. The sell-off dragged the Nifty Metal index down nearly 3 percent, snapping its three-session winning streak. The downturn…
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Cognizant Counters AI Panic After ₹2 Lakh Crore IT Rout
New Delhi: As global markets reel from fresh artificial intelligence fears, Cognizant Technology Solutions has pushed back against assumptions that new AI tools will rapidly dismantle the IT services industry. The comments come after a sharp selloff erased nearly ₹2 lakh crore in market capitalisation from Indian IT stocks, triggered…
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SpaceX-xAI Merger: What It Means for Elon Musk’s Net Worth
Elon Musk has once again redrawn the contours of his corporate empire by announcing the merger of SpaceX with xAI, his fast-growing but capital-intensive artificial intelligence venture. The deal, valuing the combined entity at an estimated $1.25 trillion, marks one of the largest private-sector consolidations in recent history and places…
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CCI Clears L Catterton India Fund’s Stake Purchase in Haldiram
The Competition Commission of India (CCI) has granted approval to the proposed acquisition of a certain shareholding in Haldiram Snacks Food Private Limited by L Catterton India Fund, providing regulatory clearance to a significant investment in India’s fast-growing packaged food sector. The approval was announced on Tuesday, confirming that the…
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Oracle May Cut Up to 30,000 Jobs Amid Costly OpenAI Push
San Francisco: US technology giant Oracle is reportedly considering one of the largest workforce reductions in its history, with potential layoffs affecting up to 30,000 employees, as mounting costs tied to artificial intelligence infrastructure place intense pressure on the company’s finances. The possible job cuts were highlighted in a recent…
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Shapoorji Pallonji Group Begins ₹8,000-Crore Realty IPO Plan
The Mumbai-based Shapoorji Pallonji Group has formally begun preparations for a mega initial public offering (IPO) of its real estate business, marking one of the most significant capital market exercises in India’s property sector in recent years. The proposed IPO is expected to raise over ₹8,000 crore and is aimed…
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India Bond Yields Spike Ahead of ₹30 Trillion Debt Wave
Indian government bond yields have surged across maturities as investors grow increasingly wary of a massive debt issuance expected in the next financial year. Market participants estimate that combined borrowing by the Centre and states could touch an unprecedented ₹30 trillion, a development that has unsettled fixed-income markets and pushed…
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Why ITC Is Avoiding Acquisition Rush in Premium Personal Care
As India’s premium personal care market witnesses a flurry of mergers and acquisitions, ITC Ltd is deliberately steering clear of the buying frenzy. While several fast-moving consumer goods (FMCG) companies are snapping up venture capital-backed, digital-first brands, ITC is choosing a slower and more selective path. The company believes that…
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Waaree Renewable to Buy 55% in Power Tower Firm for ₹1,225 Cr
Waaree Renewable Technologies Ltd (WRT), the engineering, procurement and construction arm of the Waaree Group, has announced a major strategic acquisition to strengthen its presence in India’s power infrastructure sector. The company will acquire a 55 per cent stake in Associated Power Structures Ltd for ₹1,225 crore, marking its formal…