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Stocks in news: LIC, IRFC, Cummins India, Tata Motors PV, ONGC
Indian markets surged on Wednesday, recovering previous day's losses, with banking stocks leading the charge from a strong support zone, signaling a robust uptrend. Key companies like LIC, IRFC, Cummins India, Tata Motors PV, and ONGC are in focus. IRFC's government offer saw strong institutional demand, while Tata Motors plans significant investment in capacity expansion. ONGC is exploring stake acquisition in Venezuela, and LIC's CFO has resigned.
Alta Capital-backed Elevate, IIT Madras in pact for 1,800-bed student housing project
Elevate Campuses, backed by Alta Capital, is partnering with IIT Madras on a Rs 400-crore student housing project. This large-scale public-private partnership will develop and operate accommodation for over 1,800 PhD scholars and staff, aiming for world-class facilities. The project, expected by 2028, highlights the growing trend of institutions outsourcing residential development to focus on core academic pursuits.
Reliance Industries share price to be in focus on Thursday. Here's why - Mint
Reliance Industries share price to be in focus on Thursday. Here's whyMint
Nifty Outlook for June 25: Recovery rally puts 24,200 hurdle in focus
Although the index remains hesitant around the 24,100-24,150 zone, the sharp rebound from Tuesday's decline highlights strong buying interest at lower levels, analysts say.
US markets today: Dow Jones, Nasdaq, S&P 500 rise as AI-linked stocks stabilise
US stocks opened higher on Wednesday as chip stocks rebounded from recent losses, helping lift the S&P 500 and Nasdaq after a sharp tech sell-off in the previous session. Investor sentiment was also supported by a decline in oil prices and focus on upcoming Micron earnings, which are expected to provide key signals on artificial intelligence-driven demand trends.
India Weighs Return To Iranian Oil As Ministers Prepare For Crucial Talks — Profit Exclusive
The discussions are expected to focus on cooperation across the oil and gas sector, including crude supplies, investment opportunities and broader energy ties between the two countries.
RBI mandates kill switch for AI models at banks, introduces comprehensive model risk framework
The Reserve Bank of India is implementing stringent rules for banks and financial entities using Artificial Intelligence. A new draft framework mandates 'kill switches' for AI models, ensuring immediate shutdown if errors occur. Banks must also ensure human oversight, disclose AI use to customers, and manage risks associated with third-party AI providers. Board-level accountability for AI governance is a key focus, with a risk-based approach to model oversight.
RBI mandates kill switch for AI models at banks, introduces comprehensive model risk framework
The Reserve Bank of India is implementing stringent rules for banks and financial entities using Artificial Intelligence. A new draft framework mandates 'kill switches' for AI models, ensuring immediate shutdown if errors occur. Banks must also ensure human oversight, disclose AI use to customers, and manage risks associated with third-party AI providers. Board-level accountability for AI governance is a key focus, with a risk-based approach to model oversight.
Micron Earnings Today: What To Expect, And Should You Buy The Dip After 722% Rally?
While the quarterly numbers are expected to be exceptionally strong, investors are likely to focus more on Micron's outlook for the current quarter.
Subscriber losses push India's TV distribution industry towards consolidation as broadband, IPTV gain ground
India's TV distribution is shifting towards broadband and digital entertainment, forcing cable and DTH operators to confront subscriber losses to OTT and free services. This trend is fueling sector consolidation, with companies like ACT Group exiting cable TV to focus on broadband. Operators are repositioning, prioritising IPTV and bundled digital services as key growth drivers amidst declining pay-TV subscriptions.
India's GIC Re plans to reduce share of overseas property risk as climate losses rise
Indian reinsurer GIC Re is strategically shifting its overseas business focus. Amidst escalating climate-related losses globally, the company plans to reduce its exposure to property and catastrophe risks abroad. Instead, GIC Re aims to bolster its presence in casualty and specialty insurance lines, seeking a more balanced international portfolio over the next three to five years.
Nisus Finance to raise up to Rs 4,000 crore through a real assets investment platform
Nisus Finance is launching a real assets platform to raise up to Rs 4,000 crore, targeting yield-generating and value-accretive real estate opportunities across India. The platform will attract domestic and UAE-based investors, including family offices and ultra-high-net-worth individuals. A key vehicle, the Nisus Yield and Asset Multiplier Fund (NiYAM), will focus on structured credit and equity enhancement for projects like plotted developments and redevelopment.