Category: Business News & Economy

Nuvama Institutional Equities has initiated coverage on KPR Mill, Indo Count Industries and Sanathan Textiles with ‘Buy’ ratings, citing the global shift in textile sourcing away from China. The brokerage expects Indian textile exporters to benefit from supply chain realignment, supported by capacity expansion, policy tailwinds and improving trade access.

Artificial intelligence has reached a point where it rivals human creativity across various domains. However, as machines produce impeccable work, audiences may begin to crave the unique touch only a human can provide. Flaws and authenticity in creative expression will increasingly be seen as valuable, emphasising the importance of lived experiences in art and storytelling.

Silver Storm Parks & Resorts Limited successfully concluded its initial public offering, raising ₹82.43 crore. The company’s Qualified Institutional Buyers category saw strong subscription interest. Retail and Non-Institutional Investors also participated actively in the offering. Silver Storm is expanding its attractions with a new cable car and forest village. Future plans include new snow parks…

The Indian central securities depository’s revenue from operations meanwhile increased more than 13% YoY to Rs 293 crore during the quarter under review, from Rs 259 crore reported in the year-ago period

GHCL reported a thirty-two percent profit increase for the first quarter. Lower expenses helped boost net profit to Rs 191.18 crore from Rs 144.78 crore. Total income fell three point zero six percent while total expenses declined. New projects are nearing commercial operations in the second quarter of FY27. Long-term soda ash industry fundamentals remain…

Musk’s wealth peaked at around $1.33 trillion on June 16, when SpaceX shares soared to a lifetime closing high of nearly $202 apiece. However, as the shares crashed, Musk’s net wealth dropped to $684 billion, Bloomberg reported. Notably, the over $600 billion wealth erosion is higher than any other billionaire’s total wealth, except Musk himself.

Dhaval Packaging Limited will launch its initial public offering on July 30. The company plans to raise Rs. 36.36 crore through a fresh equity share issue. Proceeds will fund capacity expansion at its Sanand manufacturing facility. A portion will also be used for loan repayment and general corporate purposes. The IPO aims to list on…

Aschenbrenner’s fund, Situational Awareness, massively grew to as big as $45 billion at the beginning of July before big losses took hold, CNBC reported citing sources. The fund began to see massive losses in recent weeks as its heavyweight AI holdings like SK Hynix sharply crashed, while its short positions in software companies such as…

The analysis includes only those companies in which the investor holds more than a 1% stake and may not represent the entirety of the portfolio.

The firm’s revenue from operations meanwhile rose around 28% YoY to Rs 3,080 crore in Q1 FY27, from Rs 2,410 crore reported in the year-ago period. Its total income increased over 24% YoY to Rs 3,144 crore, while total expenses rose more than 9% YoY to Rs 1,964 crore during the quarter which ended on…