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Stocks in news: Lenskart, PFC, RIL, Hindustan Zinc, Tata ConsumerIndian markets saw volatile trading on Wednesday, closing slightly down. Lenskart, PFC, RIL, Hindustan Zinc, and Tata Consumer are in focus...- Zepto's market position; TCS' AI verdict at AGMZepto pulls ahead of Swiggy Instamart on orders, but heavy burn continues. This and more in today's ETtech Top 5.
- Paytm plans 10% staff increase in AI pivot, to lay off 400The increase would mark a roughly 10% increase in its headcount that stands at about 40,000 employees. Paytm is also laying off 1% of its s...
- AI fever spreads, but are markets masking economic cracks?Investors are pouring money into Artificial Intelligence, even as economic worries grow. SpaceX's massive IPO signals strong AI interest. C...
- PM Modi’s high stakes push for sovereign AI faces reality checkIndia is striving to build its own artificial intelligence capabilities, aiming for self-reliance and global export. However, the nation fa...
- MUFG’s new India fund; District goes sportingHappy Tuesday! Japan’s MUFG is doubling down on India just as a new wave of investors moves into the country’s startup market. This and mor...
- SoftBank overtakes Toyota as Japan's most valuable companyFueled by its significant stake in AI powerhouse OpenAI, SoftBank Group has surged past Toyota to become Japan's most valuable company. The...
- Global Markets: Japan's Nikkei scales record peak on Mideast, AI optimismJapan's Nikkei share average surged to a record high, driven by optimism for a Middle East peace deal and strong AI stock performance follo...
- No governance issue with shareholder resolution, will hold revote soon: Swiggy group CEO Sriharsha MajetySwiggy shareholder resolution revote: The resolution sought to amend Swiggy’s articles of association as part of a broader push to become a...
- Swiggy CEO Sriharsha Majety vows to stay out of Amazon-Ambani spending warSwiggy is prioritizing profitability over rapid expansion. The company will not match rivals like Flipkart and Reliance Retail's aggressive...
- Global Markets: Japan's Nikkei retreats from record high on profit-booking, strength in oil pricesJapan's Nikkei share average retreated from a record high, falling 0.25% as investors booked profits after a significant rally. Rising oil ...
- Global Markets | Japan's Nikkei ends near three-week low as AI-stock selloff weighsJapan's Nikkei share average closed at a near three-week low, with SoftBank Group leading the decline, as investors locked in profits on AI...
- Unacademy’s test prep CEO Sumit Jain quits ahead of upGrad acquisitionSumit Jain has stepped down from his role in Unacademy, ahead of a potential merger with upGrad Education. Jain, who joined Unacademy in 20...
- Global Markets | Japan's Nikkei gives up early gains as tech shares fallJapan's Nikkei index closed lower on Tuesday. Technology stocks declined, mirroring U.S. markets. Positive economic data supported shares l...
- Global Markets | Japan's Nikkei falls from record as inflation, interest rate concerns mountTech shares helped Wall Street indexes notch record closing levels overnight, and gains by Japanese companies linked to the artificial inte...
- Japan's Nikkei touches record high on tech optimism; SoftBank, Topix slumpJapan's Nikkei share average reached a record high for the third consecutive day, propelled by strong performance in the technology sector....
- SoftBank logs $600 million paper loss on India-listed portfolio in March quarterSoftBank's Indian investments faced a significant downturn in the January-March quarter. Several prominent companies like Swiggy and Ola El...
- SoftBank profit more than triples to $12 billion on OpenAI stake gainsTechnology investor SoftBank Group reported a net profit of 1.9 trillion yen ($12.05 billion) for the January-March quarter, a significant ...
- Global Markets | Japan's Nikkei ends higher as AI-related shares riseBut Tokyo Electron gave up early losses to end 0.14% higher. Advantest, which fell as much 1.5%, recovered most of its loss to edge 0.26% ...
- SoftBank's OpenAI-related debt in focus as another strong quarter expectedSoftBank anticipates a strong quarterly profit, largely driven by its significant investment in OpenAI, whose valuation has surged. However...
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