reliance capital

Seven of India's top 10 companies experienced a combined market valuation drop of Rs 1.54 lakh crore last week, with Reliance Industries leading the decline. This occurred as the BSE Sensex and NSE Nifty saw minor dips. Despite the losses, Reliance Industries maintained its position as the country's most-valued firm.

Michael Burry, known for predicting the 2008 housing crash, is questioning the high valuations of AI firm Anthropic and SpaceX. He believes hype, not fundamentals, is driving investor interest, particularly for Anthropic's AI model business, which he deems "far too expensive" and unsustainable long-term.

Microsoft AI CEO Mustafa Suleyman has walked back his warning that most white-collar work would be fully automated within 12 to 18 months. Speaking on The Verge's Decoder podcast, Suleyman clarified he meant AI would automate tasks, not jobs, insisting roles like lawyers, accountants and project managers won't disappear. The reversal follows similar retreats from Sam Altman, Dario Amodei and other tech CEOs on AI job loss claims.

Analysts are bullish on Reliance Industries, citing strong refining and petchem performance, with new energy businesses a future catalyst. Lenskart receives an outperform rating, poised for growth in India's eyewear market. BEML's order book offers visibility despite recent EBITDA pressure. ITC faces a significant tax hike on cigarettes, impacting near-term earnings and market share.

Gehlot inaugurates SIRI Mathrushree Industrial Park in Dharmasthala, calls it a milestone for rural development and women’s empowerment

The ongoing geopolitical turmoil has affected supplies from several key oil-producing regions that traditionally cater to India, requiring refiners to process crude varieties that were not part of their usual feedstock mix.

Gen Subramani’s four-decade military career spans some of India’s most sensitive theatres, including counter-insurgency ops in Northeast, command of a premier strike formation on the Pakistan front, and leadership of 17 Mountain Division that guards the China border

India's market regulator is exploring ways to deepen the corporate bond market by potentially easing disclosure rules for debt-only firms. A pilot project on bond tokenisation will also be launched to boost settlement speed and transparency.

DK Shivakumar, a seasoned politician, has finally achieved his long-held ambition of becoming Karnataka chief minister. His journey, marked by strategic alliances, organizational prowess, and a vow made in prison, saw him overcome political rivals and legal challenges. Shivakumar's transformation from a video parlor owner to a powerful leader is a testament to his resilience and political acumen.

Mumbai Indians have signed Mahipal Lomror and Ruchit Ahir as injury replacements. Quinton de Kock and Raj Angad Bawa are out due to injuries. Lomror is an experienced all-rounder while Ahir is a wicketkeeper-batter. The team aims to finish the season positively despite playoff elimination. They face Rajasthan Royals next.

Google plans a massive $190 billion investment in AI infrastructure, a six-fold increase from 2022, signaling a strong push into custom silicon with its new TPU 8th generation. This strategic move aims to reduce reliance on third-party chip suppliers like Nvidia, enhancing both training and inference capabilities for its AI models and services.

To Cut Fossil Fuel Use, Boost EVs

Rajasthan Royals captain Riyan Parag admitted his team let a winning position slip against Delhi Capitals, citing a dramatic collapse after reaching 160 for 2 in 14 overs. Parag lamented the team's poor execution in middle and death overs, as well as in the field, stating they were not up to the mark.

Uday Kotak, founder of Kotak Mahindra Bank, urged India to reduce its reliance on foreign capital and cultivate a robust domestic pool of long-term risk capital for true self-reliance. He emphasized that companies should prioritize building businesses with a three-to-five-year vision over short-term stock price fluctuations, advocating for stronger domestic private equity and venture capital ecosystems.

Bees are vital pollinators, crucial for global food security and ecosystems, yet face severe threats from climate change, pesticides, and habitat loss. Their declining populations, particularly in India, signal a critical ecological crisis. Urgent action is needed from farmers and citizens to protect these essential insects.

India must cut reliance on foreign capital & build a strong domestic pool: Uday Kotak

Rupee hit a fresh record low of 96.07 against the US dollar on Friday, extending its losing streak over three straight sessions amid soaring crude oil prices and escalating tensions in West Asia. At the interbank foreign exchange market, the rupee opened at 95.86 against the US dollar and slipped further to 95.94, down 30 paise from its previous close.

RIL, Tata group exploring greater flexibility; move may affect IT companies return to office plans