Nvidia, the Silicon Valley-based chipmaker defended its strategies in the competitive market for chips to power artificial intelligence amid reports that the US is investigating whether the company has violated antitrust laws.“Nvidia wins on merit, as reflected in our benchmark results and value to customers, who can choose whatever solution is best for them,” a…
Markets watchdog Sebi has amended norms in a bid to regulate unregistered financial influencers or finfluencers amid growing concerns about potential risk associated with such unregistered persons. In three separate notifications, the regulator has restricted associations between its regulated entities and unregistered individuals.This came after the board of Sebi approved a proposal in this regard…
NEW DELHI: Anil Ambani-led group shares declined on Friday after the Securities and Exchange Board of India (Sebi) imposed a five-year ban on him and 24 other entities, including former key officials of Reliance Home Finance Limited (RHFL), from the securities market due to diversion of funds from the company.Reliance Infrastructure‘s shares dropped 10.07 per…
MUMBAI: Across-the-board buying lifted the sensex by 1,331 points to close above the 80k mark on Friday as global cues, especially strong US markets in the last two days, supported investor sentiment on Dalal Street. Adani group stocks that were under pressure since Hindenburg Research’s Aug 10 report too rallied.The sensex opened the day’s session…
MUMBAI: Global market weakness, geopolitical issues that led to rise in crude oil prices and high valuations of most domestic stocks weighed on investor sentiment on the market that resulted in strong selloff through the session on Tuesday. As a result, the sensex lost nearly 700 points or 0.9% to close at 78,956 points while…
MUMBAI: In volatile trades on Monday, the sensex closed a marginal 57-point lower at 79,649 points as investors on Dalal Street mostly discounted US short-seller Hindenburg Research‘s report that alleged conflict of interest on part of Sebi chief Madhabi Puri Buch while investigating alleged wrongdoings by Adani Group.While the latest Hindenburg report didn’t have much…
NEW DELHI: After infusing money during the last two months, foreign investors have turned net sellers as they pulled out over Rs 13,400 crore from Indian equities in August so far due to unwinding of the yen carry trade and recession fears in the US.So far this year, FPIs have made a net investment of…
NEW DELHI: Italian super luxury automaker Automobili Lamborghini expects exponential growth in India with the potential to become a top market in the Asia Pacific region in the long-term, driven by customers who are the youngest globally, according to a senior company official. With the company selling a record 103 units in India in 2023,…
MUMBAI: After a muted start, Ola Electric Mobility shares surged to hit the maximum possible 20% upper circuit limit at Rs 91 on their first day of trading. The Rs 6,146-crore IPO for Ola Electric was the biggest in India in the last two years.The strong closing that translated to a market capitalisation of a…
NEW DELHI: The Indian retail market is one of the fastest growing markets in the world, expected to cross USD 1.4 trillion by 2027, said the latest annual report of Reliance Industries (RIL). RIL operates the country’s leading retailing firm Reliance Retail. India is poised to become the third-largest retail market by 2030, the report…
