India leads global GenAI adoption, with 81% of organizations already implementing AI solutions: Report | Mint

India leads global GenAI adoption, with 81% of organizations already implementing AI solutions: Report | Mint

Source: Live Mint A recent report from Elastic, a Search Analytics firm, indicates that 81 per cent of Indian organizations have adopted Generative AI (GenAI), positioning India as a leader in this technological domain. The study anticipates an increase in investments and budget allocations for AI initiatives in the coming years. Reportedly, IT service providers…

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Stock market today: Nifty 50, Sensex fall over half a per cent ahead of US inflation data; Tata Motors cracks 6% | Stock Market News

Stock market today: Nifty 50, Sensex fall over half a per cent ahead of US inflation data; Tata Motors cracks 6% | Stock Market News

Source: Live Mint Indian shares showed considerable volatility during Wednesday’s trading session as investors braced for the August US consumer inflation report that could help determine the scale of an expected interest rate cut from the Federal Reserve next week. During the session, the Nifty 50 index fell by 0.50 per cent, slipping below the…

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HDB Financial IPO: HDFC Bank clears subsidiary’s IPO plan to raise  ₹2,500 crore via fresh issue plus OFS | Stock Market News

HDB Financial IPO: HDFC Bank clears subsidiary’s IPO plan to raise ₹2,500 crore via fresh issue plus OFS | Stock Market News

Source: Live Mint HDB Financial Services, a subsidiary of India’s biggest private lender, HDFC Bank, received the board’s nod for an initial public offering (IPO) of equity shares on Friday. The IPO will comprise a fresh issue of shares worth ₹2,500 crore and an offer for sale (OFS) by existing shareholders, HDFC Bank informed in…

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Semiconductor stocks rally after US Fed kicks off easing cycle; Nvidia soars 5%, S&P 500 hits record-high | Stock Market News

Semiconductor stocks rally after US Fed kicks off easing cycle; Nvidia soars 5%, S&P 500 hits record-high | Stock Market News

Source: Live Mint Semiconductor stocks such as Nvidia rose 4.7%, while Advanced Micro Devices gained 3.5% and Broadcom added 3.8%, sending the Philadelphia SE Semiconductor Index up 3.6%.  Wall Street rallied on Thursday with the S&P 500 hitting another intraday record high after the Federal Reserve kicked off its easing cycle with half-a-percentage point reduction…

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