Nithin Kamath on the potential dangers of deep fake in financial services industry
While sharing a deep fake video of his, Nithin Kamath said it will only become harder over time to validate if the person on the other side is real or AI-generated.
Nifty Bank closes lower for two days in a row; support seen at 46,800
The index closed flat but with a negative bias. It did manage to hold on to 47,000 levels towards the close of the trade, which is a positive sign. The Nifty50 closed with gains of nearly 20 points.
Tech View: Nifty forms Doji candle ahead of Fed meet outcome. What traders should do on Thursday expiry
The upside recovery of Wednesday from the immediate supports signals chances of further upside for the Nifty in the short term. There is a higher possibility of Nifty moving again into all-time highs of 21040+ levels in the near term.
Old Pension Scheme to restrict states’ capacity to undertake development activities: RBI
The governments of Rajasthan, Chhattisgarh, Jharkhand, Punjab, and Himachal Pradesh have informed the central government and Pension Fund Regulatory and Development Authority (PFRDA) about their decision to revert to OPS for their state government employees.
Consumer staples demand surges in the ongoing wedding season
The increase in consumption of essential commodities has been witnessed in not only the bigger urban regions but also tier-2 and tier-3 cities with up to 35% year-on-year increase in demand for basmati rice, edible oils, and maida.
Prices of onion, wheat and pulses fall on fear of government action
Wheat prices have declined by 15% in the last four days after the central government tightened the stock holding limit on traders and processors. Likewise, the wholesale prices of onion at the benchmark Lasalgaon APMC in Maharashtra have crashed by 15-20% after the Centre banned onion export on December 8 and the decision to allow […]
India Shelter Finance IPO opens. Should you subscribe to the issue?
India Shelter Finance IPO comprises a fresh equity issue of Rs 800 crore and an offer for sale (OFS) of Rs 400 crore. The issue is priced in the range of Rs 469-493. About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and the rest 15% for non-institutional investors.
DOMS IPO fully subscribed within one hour of bidding process; retail portion booked 4X
At 11:06 a.m., the public issue was subscribed 1.09 times. The retail category was subscribed 4.08 times, while the NII portion garnered 1.18 times bids. There were no bids from qualified institutional buyers so far.
Chart Check: This real estate stock doubled in 6 months: should you buy or book profits in this multibagger?
Short-term traders can look to buy the stock now for a target above 1300 levels in the next 3-4 weeks, suggest experts.
DOMS Industries IPO opens for subscription. Should you bid?
DOMS IPO comprises fresh equity issue worth Rs 350 crore along with an offer for sale (OFS) of Rs 850 crore. Under the OFS, promoters Fabbrica Italiana Lapis, Sanjay Mansukhal Rajani and Keta Mansukhal Rajani will offload shares.