BMC plans Rs 3cr NEERI study on emissions at Mumbai’s Kanjurmarg dump

South Korea’s National Pension Service has suspended foreign exchange hedging as the won strengthened to a near two-year high against the dollar. The move could affect dollar supply and demand in the domestic market, with the pension fund’s large overseas holdings making its currency transactions significant for South Korea’s foreign exchange market.

Nvidia is acquiring AI software platform Hugging Face for $12.93 billion, emphasising its role in an open AI ecosystem. With over 18 million developers and 200,000 companies using the platform, Hugging Face will continue to support open source models and multi-cloud development.

Jefferies prefers two-wheeler stocks over passenger vehicle makers, citing stronger volume growth, resilient margins and improving earnings. TVS Motor Company and Eicher Motors remain its top picks, while Tata Motors Passenger Vehicles and Hyundai Motor India carry Underperform ratings amid rising competition, higher discounts and a weaker earnings outlook.