US Stocks Today | S&P 500 ends up slightly as tech dips, inflation cools
The S&P 500, the Nasdaq and the Dow all declined for the week with technology stocks on a roller-coaster ride due to uncertainty about the extent to which profits could be disrupted due to AI competition and the hefty spending needed to support the technology.
Avendus to help Mizuho link India, Japan, US and Europe: Masahiko Kato, Global CEO
Mizuho Bank aims to build a Japan-India investment corridor using its banking strength and the Avendus Capital acquisition, as CEO Masahiko Kato highlights rising Japanese investor interest and India’s growing strategic appeal.
More banks may queue up to be pension managers: PFRDA chief
Two banks have already shown interest. Bank of Baroda and ICICI Bank’s applications have come, Axis Bank’s is a work-in-progress, and a consortium led by Union Bank and Daiichi is also exploring participation, PFRDA chairman Sivasubramanian Ramann said.
Volatility is the entry point, not an enemy: Madhusudan Kela
Madhusudan Kela, a seasoned investor, anticipates moderate market returns of 10-12%. He highlights that true wealth creation lies in discovering undervalued companies and emerging themes, particularly those leveraging AI for enhanced productivity. Kela views market fluctuations as opportunities for astute investors. He stresses the importance of backing resilient entrepreneurs and allowing compounding to build wealth […]
New rules for M&A financing, loans against shares
The regulator said banks are allowed to refinance a target company’s existing debt where such refinancing is “integral to the acquisition finance.”
IT rout drags Indian markets down over 1% amid AI disruption fears
Indian equity markets experienced a significant downturn, with the Nifty and Sensex falling 1.3% and 1.1% respectively for the week. A sharp selloff in IT stocks, triggered by AI disruption fears in the US economy and rapid job losses, led the decline. The IT index saw its steepest weekly losses in 10 months, wiping out […]
As AI clouds future of IT, Indian firms adapt to new game
Indian IT firms are adapting to new AI models that promise to revolutionize software development. Despite recent stock sell-offs, companies are investing in AI training and partnerships, ensuring their continued relevance. Strong deal wins and favorable valuations suggest a resilient future for the sector.