It’s election jitters on Dalal Street…The indices slumped in late trade on Thursday, falling over 1% each. The Nifty 50 plunged 345 points or 1.55% to finally settle the day’s trading at 21,957.50. Sensex plummeted 1062.22 points or 1.45% to close the day’s trading at 72,404.17. HDFC Bank, L&T, Reliance Industries, ITC, and ICICI Bank saw maximum pain. BPCL, Asian Paints, Co…
Read moreIn the wake of the Bharatiya Janata Party’s (BJP) triumphant victories in three states, Adani Group stocks experienced significant surges ranging between 3% and 10% in Monday’s trading session. The rally coincided with Indian equities reaching a record high, surpassing exit poll expectations.
Analysts universally assert that the election outcome not only reaffirms expec…
Read moreThe US Federal Reserve’s recent dovish stance may lead to rate cut in the first quarter of 2024, believes Andrew Holland CEO, Avendus Capital Alternate Strategies. He tells Siddhant Mishra that India’s consumption story will continue to drive earnings upgrades. Excerpts:
How do you see the markets in 2024?
Our view is that the US Federal Reserve (Fed) …
Read moreTen minutes into our Zoom call, Cory Doctorow’s voice begins to stutter. His internet connection is giving out—first the audio goes, and then the video too. He fiddles with cables for a few minutes while I, halfway across the world, wait behind a black screen.
When Doctorow reappears, he tells me a story. The city in California where he lives borrowed money to lay high-speed …
Read moreHanging on the wall of Anthropic’s offices in San Francisco in early May, a stone’s throw from the conference room where CEO Dario Amodei would shortly sit for an interview with TIME, was a framed meme. Its single panel showed a giant robot ransacking a burning city. Underneath, the image’s tongue-in-cheek title: Deep learning is hitting a wall. That’s a refrain you often hear …
Read moreWhen Deanna Schultz received the utility bills for the trailer where she lives in Rock Falls, Ill. this month, she was stunned at how expensive they had become. Her electric bill alone more than doubled, up $85. Now, with natural gas prices on the rise, she is concerned about heating costs, too.
“Last month I had $16 left after paying bills,” says Schultz, 50, a former teacher…
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