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Microsoft-backed AI4Bharat set to raise $12 mln funding from peak XV, Lightspeed - sources
AI4Bharat, a start-up backed by Microsoft (MSFT.O), is raising $12 million from venture capital firms peak XV and Lightspeed Venture to develop artificial intelligence-powered chatbots for Indian languages, according to three people familiar with the matter. Key Points
Reuterspeak power demand likely to be 230 GW in January
Peak demand in January 2024 is projected at 230 GW, higher than 210.6 GW maximum demand met in January this year ago, while February 2024 is expected to see 222 GW peak power demand, against about 210 GW in February this year. The December peak is projected at 220 GW, likely in the second half of the month. So far in the month, maximum demand met has reached 203 GW in the solar hours. A year ago the peak was 205 GW. Key Points
Economic TimesIndia Vs South Africa match sets digital concurrent viewership record
The ongoing ICC Men's Cricket World Cup has seen new peak concurrency records being created as official streamer Disney+ Hotstar is providing the matches for free to mobile users. The move seems to be paying rich dividends for the streaming platform, as it has been breaking its own record. Key Points
Economic TimesNepalese climber Kami Rita climbs Mt Everest for 30th time; breaks own record
54-year-old legendary mountaineer reaches the 8,849-metre peak at 7:49 am local time. Nepal’s veteran summiteer Kami Rita Sherpa made history on Wednesday... Key Points
The Tribune IndiaIndia-Australia match: Disney+ Hotstar sees record 59 million concurrent viewers
The platform, which is streaming the tournament for free to all mobile users, has been setting new peak concurrency records during the tournament. Buoyed by the response, the platform will also stream the upcoming Pro Kabaddi League for free to all mobile users. Key Points
Economic Times
Sensex breaches historic 79,000-mark; Nifty hits new record peak
Mumbai, Jun 27 (PTI) Benchmark indices rebounded after falling in early trade on Thursday, with the Sensex breaching the historic 79,000-mark for the first time and the Nifty hitting its fresh record high, amid buying in blue-chip stocks. The 30-share BSE Sensex jumped 339.51 points to hit its new lifetime peak of 79,013.76 after falling […] Key Points
ThePrintIndia's CV market to hit new peak in FY24, outlook strong: Ashok Leyland
After hitting a multi-year low in FY21 due to the pandemic, India's truck and bus market has been growing in the last couple of years. In FY23, it surpassed the FY18 peak with 962,000 vehicles. It had sold 856,000 in FY18, according to the Society of Indian Automobile Manufacturers. Key Points
Economic TimesJapan's Nikkei hits record high after Nvidia beat, rest of Asia muted
By Kevin Buckland TOKYO (Reuters) - Japan's Nikkei share average topped its all-time peak on Thursday, after unexpectedly strong revenue forecasts from U.S. chip designer Nvidia lifted Asian tech Key Points
ThePrintIndia-Australia world cup final match creates record peak viewership of 5.9 cr on Disney+Hotstar
With this, it has surpassed the peak concurrency of 5.2 crore viewership recorded in the India - New Zealand semifinal match. Key Points
Economic TimesUS' Nashville school head, killed in shooting, would 'run to' danger
“If there was any trouble in that school, she would run to it, not from it,” Jackie Bailey said of her friend Katherine Koonce, head of The Covenant School. “She was trying to protect those kids … That’s just what I believe.” | World News Key Points
Hindustan Times
Markets settle lower after hitting record peaks in intra-day; Sensex breaches 75,000-milestone
ICICI Bank, Infosys, Bajaj Finserv, Tata Steel, Axis Bank, Bajaj Finance, Nestle and Mahindra & Mahindra were among the major gainers.. Benchmark equity... Key Points
The Tribune IndiaSensex at record high after 137 days: ITC among 8 heroes that made it possible
Foreign institutional investors have opened a $9bn-strong wallet for Dalal Street in FY24, as Sensex hit a record lifetime high at 63,588 while on International Yoga Day today, some analysts said the market has been slowly stretching without any sharp up or down moves. IndusInd Bank, Power Grid, Tata Motors, Titan Company and Ultratech Cement are among the seven other stocks that have delivered double-digit returns, but Infosys shares are down 21% since the last Sensex peak, while Reliance Industries (RIL) has lost about 6.5%. Key Points
Economic TimesNifty playing peak-a-boo in the last 20 months as mid and smallcap stocks party
While the Nifty50 index has reached an all-time high in June 2023, the midcap and smallcap universes have outperformed the benchmark since the December 2022 peaks. Nifty Midcap-100 and Nifty Smallcap-100 are up 8% and 6% from the December 2022 peaks, respectively, indicating the market's preference for midcaps over largecaps. Although the markets are touching new highs, Nifty 50's market cap has not surpassed its December 2022 peak level of Rs 150.5 lakh crore, while Nifty Midcap 100's market cap is up 7% from its October 2021 peak to Rs 37.5 lakh crore, and Nifty Smallcap 100 is up 21% to Rs 13 lakh crore from its December 2022 market peak. Key Points
Economic TimesAnother warm day in Delhi-NCR, storm may bring relief soon
The Capital recorded a maximum of 43.5°C on Tuesday, 0.2 degrees lower than Monday’s peak. | Latest News Delhi Key Points
Hindustan TimesTechnical Picks: Hindustan Copper, IRFC, 8 others among top picks by Prabhudas Lilladher; do you own?
On the outlook for Nifty 50, Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher Pvt. Ltd said, ‘The index has managed to remain above the crucial 19,400 zone, which is quite important to maintain the bias and sentiment intact as of now.' Key Points
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Little stocks in big trouble! 374 smallcaps fall at least 30% from peak. Worst ahead?
Smallcap stocks are in bear territory, with losses up to 84% from high levels. Nifty Smallcap100 index was down 14% from peak. Worst losers include Ramky Infrastructure, Andrew Yule, IFCI, PTC India Financial Services, AGS Transact Technologies, Swan Energy, Railtel, and RVNL. Market experts weigh in on the situation. Key Points
Economic TimesWith Sensex at 72,360 and Nifty at 21,745, equity benchmark indices reach all-time highs
The 30-share BSE Sensex reaches its new lifetime peak of 72,360.51; Nifty reaches its all-time high of 21,745.60. Equity benchmark indices Sensex and Nifty hit ne Key Points
The Tribune IndiaWhere to look for pockets of value in a super bullish market? Mihir Vora explains
“For India, it is a good situation to be in where you have moderating global interest rates, a not so strong dollar, and not a crashing global economy. Inherent strength of domestic consumption should carry us through. Plus, the capex cycle which is just picking up should see us through the next two to three years.” Key Points
Economic TimesVeteran dealmaker Sanjay Nayar teams up with peak Ventures for cleantech play
Nayar is partnering with peak Ventures – an early-stage firm focused on cleantech areas such as new energy, food systems, clean water and climate. Under the new arrangement, Nayar would become a general partner at the Mumbai-based firm. Key Points
Economic TimesNifty down 1,300 points from peak. Adani stocks, HDFC Bank among top losers
Since September 15, when Nifty hit lifetime intra-day peak of 20,222.45 and Sensex 67,927.23, Tech Mahindra and Wipro have been the biggest losers among bluechips with a 14% loss during the period. Peer Infosys is down around 10% since then. Key Points
Economic Times
T.N. swelters, peak power demand crosses 19,000 MW for the first time in recorded history
Tamil Nadu’s peak power demand crossed 19,000 MW for the first time since records have been maintained for this data, on April 19, touching 19,087 MW. On the same day, the daily consumption also hit another all-time high of 41.82 crore units, Electricity Minister V. Senthil Balaji said in a Twitter post on Thursday. Key Points
The HinduGuru Randhawa unveils lyrical animated song Mountain Peak, apt for a long drive
Guru Randhawa has unveiled a new single titled Mountain Peak, a lyrical animated music video. He has also written and composed the soulful number. Key Points
Hindustan TimesSheeshnag to Banihal—young Kashmiris are making trekking locations popular on YouTube
In ‘Travels in Paradise on Earth’, Romesh Bhattacharji writes about a region he’s been exploring since the 1960s. With hand-drawn maps, he illustrates the beauty of the nooks and crannies of Kashmir. Key Points
ThePrintDigital lenders’ play for MSMEs; Ola Electric to launch e-autos
MSME-focused digital lenders are increasingly gaining traction as banks slow down on unsecured consumer loans. This and more in todays ETtech Morning Dispatch. Key Points
Economic TimesETMarkets Smart Talk: Why Kunal Vora of BNP Paribas India prefers IT sector despite headwinds & financial
With inflationary pressure easing, RBI has already paused the rate hike cycle and the expectations are similar from major global CBs in the upcoming meets. Bond yields have come off from the peak which is positive for equities. Key Points
Economic Times
Sensex, Nifty hit fresh all-time high levels in early trade
The 30-share BSE Sensex jumped 416.62 points to hit a new record peak of 81,749.34 in early trade. Equity market benchmark indices Sensex and Nifty hit their... Key Points
The Tribune IndiaIndia’s power consumption rose 9% in June amid heat
India’s power consumption rose by nearly 9 per cent to 152.38 billion units (BU) in June compared to the year-ago period mainly due to scorching heat... Key Points
The Tribune IndiaJapan's Nikkei hits record high as Nvidia lifts Asian tech
By Kevin Buckland TOKYO (Reuters) -Japan's Nikkei share average topped its all-time peak on Thursday, after unexpectedly strong revenue forecasts from U.S. chip designer Nvidia lifted Asian tech Key Points
ThePrintBright day in Delhi; NCR continues to log cold day
The minimum was 6.1°C — a slight increase from the 4.8°C on Sunday — which meant that cold day conditions abated in Delhi. | Latest News Delhi Key Points
Hindustan Times430 mn viewers tune into Star Sports in first 29 days of ICC Men's ODI World Cup
Star Sports had a 430 million viewership for the ICC Men's ODI World Cup, with a 10% increase in total watch-time from the 2019 edition, according to BARC data. The average time spent per viewer for the tournament has also seen an 18% growth. All India clashes have registered peak live concurrency of over 50 million viewers. Key Points
Economic Times
Crisil raises concerns over 'inflation' in pulses due to changing weather patterns
Crisil Ratings predicts that the next peak of inflation in pulses could be 6 to 7 months away. Weather patterns last year damaged production, potentially increasing prices. Policymakers will need to pay attention to monsoon behavior and its effects on prices and take action to rectify pressure. This year, with delayed rains, pulses sowing could be affected. The government's removal of the 40% procurement ceiling for key pulses could encourage farmers and help increase sown area. Key Points
Economic TimesMarket valuation of BSE-listed firms hit lifetime peak of Rs 301.10 lakh crore
The market capitalisation of BSE-listed firms hit a lifetime peak of Rs 301.10 lakh crore in morning trade on Thursday, driven by a positive trend in domestic equities. Key Points
The Tribune IndiaPandemic-era hobbies benched or given pink slip
In May 2020, at the height of Covid-19 infections, Google Trends showed that the number of people searching for new recipes was at its peak - higher than it was for years, with most searching for easy cookie and vegetarian meals. Baking too became a global pastime. Instagram and Twitter feeds were filled with mentions of 'sourdough' and 'banana bread' people whipped up at home. Key Points
Economic TimesSignificant valuation markdown coming for Byju’s, peak XV tells LPs; Myntra rejig to lay off 50
Hello, happy hump day, but maybe not for Byjus. peak XV Partners, formerly Sequoia India, has told its investors that it will have to significantly mark down the value of its holding in Byjus as it was in the dark about the companys finances. This and more in todays ETtech Morning Dispatch. Key Points
Economic TimesUS yields revisit highs, Asia stocks sag on hawkish Fed angst
By Kevin Buckland TOKYO (Reuters) - U.S. Treasury yields scaled a fresh 16-year peak on Tuesday, underpinning the dollar near a 10-month summit, as investors responded to the message from the Federal Key Points
ThePrint
Disney Star sees record IPL viewership after 66 matches, TVR logs 43% growth for week 7
A total of 48.2 crore viewers tuned in to the live broadcast of TATA IPL 2023 for the first 66 matches on the Disney Star Network, the highest ever reach for any edition of IPL surpassing the previous highest registered in 2019, the media giant said citing BARC data. Last month, Disney Star said it had taken just 29 matches of this years edition of the cricket league to break the TV viewership record set in the whole of the 2022 edition. Key Points
Economic TimesLast surviving member of the first team to conquer Mount Everest says it is crowded and dirty now
Authorities have no plans to cut down on the number of permits they issue to climbers. The only surviving member of the mountaineering expedition that... Key Points
The Tribune IndiaDelhi’s wintry nights... after grey, chilly days
The last time the minimum was lower than Monday’s figure was on December 15 (4.9°C), but days were sunny then with a peak of 25.4°C | Latest News Delhi Key Points
Hindustan TimesPower demand up 16% in Aug-Oct
August saw a 16.3% year-on-year increase in electricity consumption, while September recorded a 10.3% increase. peak demand in October was 221.6 GW, up 18.5% from 187 GW a year ago. As per the Central Electricity Authority's report in November 2022, peak demand for 2024-25 is likely to be 244.56 GW. However, peak demand in 2023-24 so far has been 240 GW, against the authority's initial projection of 230.1 GW. Key Points
Economic TimesSensex, Nifty hit new all-time highs
The 30-share BSE Sensex jumps 308.49 points to hit a fresh record peak of 79,551.67. Benchmark indices Sensex and Nifty hit their new all-time high levels in... Key Points
The Tribune India
Are select metals prices indicating China’s economic revival? 5 metal stocks with upside potential of up t
Few days back, there was a sudden spurt in oil prices, though they might have cooled down a bit. The question is why this sudden spurt when there has not been any rise in tension in the Middle east and it is not even the peak season where demand for heating oil could have led to sudden rise. Now combine this with price trends in some non ferrous metals like copper which have inched upward to form a one year high. While to some it might appear far-fetched at this point of time as there have been many false starts, are the commodity markets giving an indication that finally there are some green shoots in the Chinese economy? The risk is the US election result. Will the election results help in resolving the trade issue or continuation of the issues ? Key Points
Economic TimesNifty hits all-time high level; Sensex jumps over 1,400 points
Mumbai, Feb 2 (PTI) Benchmark equity indices were on fire on Friday, with the Nifty hitting its all-time high level, tracking a rally in global markets along with buying in Reliance Industries, Infosys and ICICI Bank. A day after the presentation of interim budget, the Nifty jumped 429.35 points to reach its lifetime peak of […] Key Points
ThePrintVinod Karki’s 3 candidates for India’s first $1-trillion market cap company
Vinod Karki expects a peak in the profit to GDP cycle to drive the emergence of $1 trillion companies in India by 2032. He believes that companies like HDFC Bank, Reliance, and Bajaj Finance have the potential to reach this milestone based on their past growth rates and hurdle rates. However, TCS is not included in the list due to its lower earnings growth and higher hurdle rate. Valuations are currently at an all-time high, and Karki does not anticipate any further PE reratings to define these $1 trillion companies. Key Points
Economic TimesSet your alarm for a fireworks bonanza that won't disappoint — Geminids meteor shower at 2am Saturday
Geminids are one of the very few exceptions where source of dust is an asteroid and not a comet. This meteor shower originates from the asteroid 3200 Phaethon. Key Points
ThePrintPM Modi-led BJP win prompts all-time-high Sensex, Nifty response; here's why
The 30-share BSE Sensex jumped 877.43 points, or 1.30 per cent, to a new peak of 68,358.62 in early trade. Key Points
Hindustan Times
India vs Pakistan: Disney+ Hotstar sets new viewership record across all formats; crosses 3.5 cr mark
Disney+ Hotstar achieved a record-breaking viewership of 3.5 crore during the India-Pakistan ICC Cricket World Cup match. This is the highest peak concurrency number ever recorded for a cricket match. The Asia Cup 2023 also received a massive response, with 2.8 crore viewers for the India-Pakistan match and 2.1 crore viewers for the India-Sri Lanka match. Key Points
Economic TimesNorwegian climber denies leaving dying guide behind to break world record at K2
Harila climbed the world's second highest mountain in July this year. She created a new world record as she climbed her 14th highest peak in over three months. | World News Key Points
Hindustan TimesRupee unable to take advantage of dollar's post-Fed losses
The Indian rupee was little changed on Thursday, unable to cash in on the U.S. dollar's broad losses on expectations that a peak in the Federal Reserve's policy rate has been reached. Key Points
ReutersSensex hits lifetime high of 63,588.31 in early trade
Benchmark indices climbed in early trade on Wednesday, with the BSE Sensex hitting its lifetime high of 63,588.31, amid buying in index majors HDFC twins and Reliance Industries. Key Points
The Tribune IndiaSensex, Nifty at all-time high on gains in HDFC twins, RIL
Benchmark indices Sensex and Nifty rallied to close at all-time highs on Wednesday following buying in index majors HDFC twins and Reliance Industries. Positive trends in European markets also added to the momentum in domestic equities. Key Points
The Tribune India
Power demand in June may not touch projected 229GW mark
Industry experts predict that peak power demand is unlikely to exceed 229GW this summer due to the effects of the Biparjoy cyclone and unseasonal rains bringing down temperatures and reducing demand. Monsoons are expected to be active across the country by July, further decreasing demand for power. The highest-ever supply to meet peak power demand in a day was 223.23GW on June 9, dropping to 210.90GW on June 15 and 211.96GW on June 16. Key Points
Economic TimesRecord high viewership for IPL playoffs in 2023, 44% higher YoY
Disney Star, the official TV broadcaster of Tata IPL announced that the IPL 2023 playoffs broke previous records, achieving a 44% increase in ratings compared to the previous year, surpassing the previous highest-rated playoffs recorded in IPL 2020. Gujarat Titans v Mumbai Indians (Qualifier 2) registers peak TV concurrency of 6.1 crore and is also the highest-rated Playoffs match ever. Key Points
Economic TimesBlackRock says emerging markets have an edge over rest of world
BlackRock Inc.’s research arm is growing even more bullish on emerging markets, where central bankers are moving far faster than the Federal Reserve to reach a peak in their interest rate hiking cycles. Key Points
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