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Small and mid cap index continue to outperform large cap index

Feb 19, 2024

New Delhi, Feb 19 (IANS) Mid-cap and small cap index continue to outperform the large cap index on both one month and one year period, as per a report by Tata Mutual Fund. For the year ending January 2024, Realty (108%) and PSU Bank (57%) made the highest gains while Bank (13%) was the lowest performer, the report said.Indian benchmark equity…

AI will create more jobs than it destroys: IBM India

Feb 19, 2024

New Delhi, Feb 19 (IANS) As generative artificial intelligence (AI) begins to threaten certain jobs, Sandip Patel, Managing Director, IBM India/South Asia, has said that AI will actually create more job options that it destroys.Speaking to…

Business

Indian founders meet Nvidia CEO as part of Peak XV’s AI focused trip

Feb 18, 2024

New Delhi, Feb 18 (IANS) Indian founders of venture capital fund Peak XV (earlier Sequoia Capital India and Southeast Asia) have met the CEO of chip-maker Nvidia Jensen Huang at the company's campus in the Bay Area in the US as part of an…

Business

350 artistes to perform on 14 stages from airport to the programme venue for GBC guests

Feb 18, 2024

Lucknow, Feb 18 (IANS) When the guests at the Ground Breaking Ceremony 4.0 will touch down at the Lucknow airport on Monday and travel to the Indira Gandhi Pratishthan (IGP) which is the venue for the event, they will be greeted by…

Business

Pakistan headed towards an inevitable debt default, warns think tank

Feb 18, 2024

New Delhi, Feb 18 (IANS) The quantum of debt Pakistan requires is growing faster than the net output of the economy (GDP). This means that the economy's ability to grow or increase output is constrained. This is unsustainable, Tabadlab, an…

Business

Correction in PSU bank stocks likely due to higher valuation risks, say analysts

Feb 18, 2024

New Delhi, Feb 18 (IANS) Heavy buying in the banking sector helped broader indices inch towards new heights, countering the subdued beginning of the week characterised by concerns over elevated valuations and higher exchange margin…

Business

After the rally last week, will markets scale new highs?

Feb 18, 2024

Mumbai, Feb 18 (IANS) Markets in the week gone by were volatile and choppy. On more than one occasion during the week one saw opening losses being wiped out and similarly profits too being wiped out. At the end of the week, we saw markets…

Business

Financial savings by Indian households shift away from bank deposits to capital markets

Feb 18, 2024

New Delhi, Feb 18 (IANS) Financial savings by Indian households have shifted away from the conventional bank (including non-bank) deposits to capital markets, BofA Securities said in a report. The former accounted for 39 per cent of…

Business

India a key player in responsible AI revolution, skilling way to go: IBM’s Sandip Patel

Feb 18, 2024

New Delhi, Feb 18 (IANS) India has a significant stake in the artificial intelligence (AI) revolution and the best part is that the government is very open to partnering with the industry, not only for the advancement of AI technology in a…

Business

BCAS directs seven airlines to deliver baggage within 30 minutes

Feb 18, 2024

New Delhi, Feb 18 (IANS) The Bureau of Civil Aviation Security (BCAS) has directed seven airlines to ensure that delivery of last baggage is made within 30 minutes as per the Service Quality Requirements of Operation, Management and…

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