The FMCG index has rallied 11% in the last three months against a 6% gain in the Nifty. ITC contributed to 57% of the rally in the FMCG index in the past three months, while HUL, Varun Beverages, and Nestle contributed a little over 27%.
OpenAI posts steep losses even as quarterly revenue rises to $10 billion, WSJ reports
OpenAI reported a quarterly revenue rise of approximately 50% to reach $10 billion in the third quarter. Despite this revenue growth, the company faced significant