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Diversion of flows expected from small and mid-cap stocks to large-caps

Oct 25, 2023

New Delhi, Oct 25 (ANS) Diversion of funds is expected from small and mid-caps to large-caps, leading to a sharp reaction in mid and small-cap category where valuations are stretched, Hitesh Suvarna of JM Financial Institutional Securities said in a report.“But any correction in quality large-caps should be bought into at these levels, the report…

Weakness in small and mid-caps likely to persist

Oct 25, 2023

New Delhi, Oct 25 (IANS) The uncertainties associated with the Israel-Hamas conflict will continue to weigh on markets in the near-term, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.Positive news like…

Business

Venture debt fund ValuAble announces first fund with Rs 850 cr corpus

Oct 25, 2023

New Delhi, Oct 25 (IANS) Banking veteran Rahul Gupta and fund manager Siba Panda on Wednesday announced their first venture debt fund called ValuAble with a corpus of Rs 850 crore that will invest in tech-first and inclusive startups in…

Business

Microsoft’s net income surges 27%, revenue up 13% amid AI push

Oct 25, 2023

San Francisco, Oct 25 (IANS) Riding on the AI wave, Microsoft reported $56.5 billion in revenue (up 13 per cent) and a net income of $22.3 billion, an increase of 27 per cent, during its first quarter of 2024 fiscal.The revenue in the PC…

Business

Scaling Education: Is GenAI the platform-level shift India was waiting for?

Oct 25, 2023

New Delhi, Oct 25 (IANS) Since Benjamin Bloom's seminal study on methods of instruction came out in 1984, the 'Two Sigma Problem' has become one of the most recognizable concepts globally in the theory of education. The famous study alludes…

Business

Lenovo, Nvidia unveil hybrid AI solutions to help firms adopt generative AI

Oct 25, 2023

San Francisco, Oct 24 (IANS) Consumer electronics major Lenovo and graphics chip giant Nvidia on Tuesday announced new hybrid AI solutions and engineering collaboration to bring the power of generative AI to every enterprise.In close…

Business

Bitcoin rocketing higher, topping $35,000 for the first time since May 2022

Oct 25, 2023

New York, Oct 24 (IANS) Bitcoin is rocketing higher, topping $35,000 for the first time since May 2022. It’s up 20 per cent over the past five days, a media report said.The famously volatile cryptocurrency has more than doubled in value…

Business

Business leaders call to accelerate net-zero actions

Oct 25, 2023

Geneva, Oct 24 (IANS) More than 100 senior executives from the Alliance of CEO Climate Leaders, the world’s largest CEO-led community committed to net zero emissions, signed an open letter on Tuesday ahead of the COP28 climate conference.…

Business

Spotify reaches 226 mn paid subscribers, returns to profitability

Oct 24, 2023

San Francisco, Oct 24 (IANS) Music streaming platform Spotify saw its paid subscribers base growing 16 per cent (year-on-year) to reach 226 million in its third quarter (Q3), the company announced on Tuesday.Net additions of 6 million paid…

Business

Banks adopt divergent strategies to boost deposits than just rate: Jefferies

Oct 24, 2023

Chennai, Oct 24 (IANS) Branch expansion, micro-market focus, corporate salary accounts, home markets, focusing on non-resident Indians (NRIs) and business owners, and push for sweep accounts are some of the strategies adopted by banks to…

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