Will AI be future financial adviser? Krithika Muthukrishnan answers
Krithika Muthukrishnan, Chief Data Science Officer at Scripbox, suggests that AI can play an important role in fund selection based on an evidence-based, objective process. However, AI is not a replacement for human advisers who can provide a personalised touch and an unbiased approach to investment selection while assisting in goal planning, understanding risk and […]
Multibagger pharma stock declares Rs 9.25 dividend, 1:2 stock split
“The board considered and approved sub-division of existing equity shares of face value Rs 2 each of the company to equity shares of face value Re 1 each of the company, subject to regulatory approvals and the approval of the shareholder,” the company said in a filing
After 2 mnths, Adani Ent moved back to short-term surveillance
Exchanges often impose restrictions when there is unusual movement in share prices so as to curb volatility and potential losses to retail investors. Shares of the company fell as much as 8% to a low of Rs 2,425.35 on Wednesday intraday before closing 6% down at Rs 2,475.
Adani Group weighs $3 billion investment in Vietnam
The statement came after a meeting in Hanoi on the same day between Vietnamese Prime Minister Pham Minh Chinh and Karan Adani, chief executive officer of Adani Ports and Special Economic Zone, a unit of the cooking oil-to-coal mining conglomerate Adani Group
India needs country strategy to guide India-New Development Bank partnership: Ashwani K Muthoo
The absence of a country strategy poses challenges to project performance, Muthoo said in an interview with ET, even after expressing satisfaction over the execution of the first project his office evaluated in India. The New Development Bank, earlier called BRICS Development Bank, was set up in 2015 to finance public and private projects through […]
Tech View: Nifty stuck between 18,200 & 18,400. What should traders do on Thursday expiry?
Headline index Nifty today formed a long pin bar with higher upper shadow on the daily charts, which was largely negative. Now it has to hold above 18,281 zones, for a bounce towards 18,400 and 18,442 zones while on the downside supports exist at 18,181 and 18,081 zones, said Chandan Taparia of Motilal Oswal.
Biocon shares jump 8% post Q4 results. Is the Street happy?
Biocon’s shares surged by 8% on Tuesday due to strong Q4 earnings growth. Net profit grew by 31% to INR 313 crore with 57% YoY growth in consolidated revenue from operations totaling INR 3,774 crore. Operating profit EBITDA surged 75% while gross spending on R&D rose by 53% to INR 356 crore. The biosimilars business […]
50% mutual funds get redeemed within a year. Is long-term investing dead?
In India, over 50% of mutual fund units of regular plans were sold or redeemed within one year, according to a recent report by the Securities and Exchange Board of India (SEBI). The regulator has proposed changes to total expense ratio (TER), including capping fees by up to 2.55% for equity schemes and a lower […]
Good days! LIC investment in Adani stocks hits Rs 45,000 crore in less than 2 months
The country’s largest insurer and a leading institutional investor in Adani Group saw the market value of its holdings increase by over Rs 6,200 crore since April to Rs 45,481 crore, thanks to the stellar rally in the stocks.
Chart Check: Info Edge back above 200-DMA on daily charts; near term target seen at Rs 4,400
Experts predict that Info Edge, a company in the consumer services industry, could surpass Rs 4,000-4,400 levels despite a 16% drop from August 2022 highs that saw it close at Rs 3,890 on 22 May 2023. The stock bounced back from its short-term moving average and is trading above 5,10,20 and 30-day moving averages, indicating […]