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IFCI shares fell 7% after a sharp recent rally, after the stock rallied nearly 30% in a month amid Sebi’s approval of the NSE IPO. IFCI has indirect exposure to NSE through its stake in Stock Holding Corporation of India.
ESDS Software shares extended their post-listing rally for a third session, rising 16.21% to Rs 1,266, nearly 195% above the IPO price of Rs 429. The surge follows a 136-times subscribed IPO, improved financial performance and plans to invest heavily in cloud and data-centre infrastructure.
True Balance now uses AI for loan applications, retaining human review for some cases. This approach helps assess borrowers with limited credit histories effectively. The company has seen approval rates increase and defaults decrease significantly. Alternative data, like FASTag activity, supplements traditional credit scores for better profiles.
Indian healthcare AI adoption is advancing rapidly, moving beyond initial pilot programs. Improving digital infrastructure and government initiatives support this widespread deployment. AI capabilities are doubling, matching professional work and reducing costs significantly. Hospitals must transform business processes for successful AI integration and adoption.
USDA Cuts India Soybean Output Forecast Amid Weather Risks
Aluminium Gains As Supply Tightness Raises Availability Concerns In Markets
Turmeric Climbs On Limited Supply Situation And Rising El Nino Impact Fears
Jeera Drops As Farmers Liquidate Stocks Ahead Of Upcoming Season Demand
Copper Advances As Supply Shortage Outlook And Softer Dollar Lift Sentiment
Gold and silver traded higher internationally as the US dollar weakened, while MCX prices were mixed, with silver gaining and gold declining. Investors awaited US inflation data for clues about the Federal Reserve’s next policy move amid geopolitical tensions.