Axis Bank plans 12,500 campus hires, redeploys staff amid AI push

Z.AI raised about $2 billion through a Hong Kong share placement and $3 billion from convertible bonds, with 60 per cent of net proceeds earmarked for AI research and development

Several technology stocks posted strong gains, with Zhongji Innolight and Eoptolink Technology rising 10.38% and 8.08%, respectively. SMIC, NAURA Technology and Cambricon Technologies also ended higher.

MedPlus Health Services shares tumbled after the company reported a weaker-than-expected Q1FY27. Despite healthy 21.9% revenue growth to ₹1,880 crore, investors were disappointed by the profitability miss. Brokerage Nomura maintained its ‘Buy’ rating, highlighting MedPlus’ long-term growth potential driven by its store expansion strategy.