10 July 2024

Microsoft, Apple drop OpenAI board plans as scrutiny grows

Microsoft and Apple dropped plansto take board roles at OpenAI in a surprise decision that underscores growing regulatory scrutiny of Big Tech’s influence over artificial intel-ligence (AI).Microsoft’s departure.Regulators in Europe and the UShad

11 July 2024

Tesla’s share of US electric car market slipped below 50% for first time

Tesla’s once-commanding share of the market for electric vehicles in the US slipped below 50 per cent in the second quarter of the calender year even as sales of battery- powered cars surged to a record, according to estimates published Tuesday by a research firm.

7 April 2024

Jio, Airtel may report 10% growth for June qtr

Reliance Jio and Bharti Airtel are likely to report at least 10 per cent sequential growth in their mobile business in the first quarter of financial year 2024-25 (Q1FY25), analysts said. The impact of the recent price hike by the two telecom operators, they said, will most likely be felt in the third quarter of FY25.

1 May 2024

Maruti drives market euphoria

The benchmark S&P BSE Sensex and the National Stock Exchange Nifty reached new record highs on Tuesday, driven by a nearly 7 per cent surge in India’s largest passenger carmaker, Maruti Suzuki India (MSIL). The Sensex peaked at 80,397 before settling at 80,352, marking a gain of 391 points, or 0.5 per cent.

9 Nov 2024

MF AUM tops ~60 trn on record inflows

Net inflows into equity mutual funds (MFs) surged 17 per cent sequentially to a record high of 40,608 crore in June, supported by a 14,370 crore mop-up by 11 new equity fund offerings (NFOs) during the month. Gross inflows from the systematic investment plan (SIP) route, which rose to a new high of 21,262 crore, also boosted

27 January 2024

Budget: Capital gains tax rejig on share sale may dent markets

Any changes to the capital gains tax structure — especially a tax hike on the sale of stocks of listed companies — could trigger a market correction, according to analysts, who want Finance Minister Nirmala Sitharaman to maintain a status quo in this matter in

11 August 2024

Hindenburg Research alleges SEBI chief Madhabi Buch, spouse had stakes in offshore funds tied to its Adani report

U.S.-based short seller alleges SEBI drew a blank in its Adani group probe due to reluctance “to follow a trail that may have led to its own chairperson”; apart from regulatory “conflict or capture”, it flags offshore and onshore consulting firms owned by SEBI chairperson and/or her husband