News

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  • 18 Nov
  • 2023

"ChatGPT maker OpenAI's board ousts Sam Altman as CEO"

OpenAI's chief technology officer Mira Murati will serve as interim CEO, the company said, adding that it will conduct a formal search for a permanent CEO

research
  • 17 Nov
  • 2023

"Bitcoin up more than 5% near one-week high"

"While bitcoin remains far from the investment fever pitch it hit in late 2021, the crypto sector has enjoyed a rally in recent weeks as the expected end of central bank rate-hiking cycles draws cash back into high-risk assets."

research
  • 16 Nov
  • 2023

"Interim Budget for FY25 to be realistic: Official"

The government had budgeted total expenditure at ₹ 45 lakh crore for FY24, while its tax and non-tax revenue was pegged at ₹26.3 lakh crore. The government is sticking to its budgeted FY24 nominal GDP growth rate (10.8% upon the revised base) for now, he said, indicating that any change in the pace of expansion is unlikely to disrupt the fiscal deficit ratio target"

research
  • 15 Nov
  • 2023

Tata Tech IPO to open on Nov 22, nearly 20 years after TCS listing

Other details, including pricing of the nearly 61-million share issue at the Tata Motors-owned unit, will be announced closer to the IPO date"

research
  • 14 Nov
  • 2023

Goldman upgrades India market rating to 'overweight'

"Goldman Sachs expects India's GDP to grow at 6.5% in 2023 and a tad lower rate of 6.3% in 2024."

research
  • 13 Nov
  • 2023

Adani Group Plots Expansion Of Overseas Port Empire After US Funding

The announcement signaled Washington's endorsement for the port empire owned by Karan's father and billionaire Gautam Adani that would help curb China's maritime influence in the Indian ocean.

research
  • 8 Nov
  • 2023

"Tata Power Q2 Results: Net profit rises 7% YoY to Rs 876 crore; revenue up 12%"

The company has reported an EBITDA of Rs 3,090 crore in the July-September period, up 76% YoY from Rs 1,759 crore a year ago. Meanwhile, margins improved to 19.6% in the reporting period"

research
  • 7 Nov
  • 2023

"Zomato rises 4% as brokerages show higher appetite for stock post Q2 earnings"

"Zomato shares jumped over 4% in the opening trade on Monday and hit their fresh 52-week high of Rs 121.45 on the NSE following target upgrades by as many as five top brokerages"