India may see productivity gains from AI, says Nilekani

Sunil Singhania-backed Abakkus Small Cap Fund added Indo-MIM, Mrs Bectors Food Specialities and BEML to its portfolio in July while exiting Bank of Baroda and Cyient DLM. The fund also increased its exposure to HDFC Bank and 55 other stocks, according to its latest monthly portfolio disclosure.

Life Insurance Corporation of India (LIC) will be in focus as the government launches its offer for sale (OFS) to divest up to a 6.5% stake. The issue opens for non-retail investors today at a floor price of Rs 382 per share, nearly 11% below Monday’s closing price, as the government moves to increase LIC’s…

Indian markets ended Thursday on a high note, with the Nifty 50 climbing nearly 1% from its lowest point. This positive momentum was fueled by declining energy prices, a stronger rupee, and favorable global trends. Analysts anticipate a continued positive outlook for Indian equities, with the Nifty expected to hold above the 24,000 mark, bolstered…