Month: April 2024

Tesla share price jumps 10% as Musk’s pledge to build affordable cars allays growth concerns

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Tesla share price jumps 10% as Musk's pledge to build affordable cars allays growth concerns

Tesla shares experienced a premarket surge of approximately 10.5% on Wednesday, following reassuring announcements from the electric-car manufacturer, according to news agency Reuters. These announcements included optimistic sales projections for the year and plans to introduce more affordable models by early 2025, alleviating concerns about slowing growth. Investors had been anticipating negative news after a … Read more

Balancing technology and trust: The importance of human guidance in investing

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Balancing technology and trust: The importance of human guidance in investing

We, as an economy, are on the cusp of a future powered by artificial intelligence (AI). This year is set to experience explosive growth in areas like AI-driven quantitative investing, cryptocurrency derivatives, and quantum data analytics. As we traverse new frontiers of investment opportunities unlocked by AI, it is crucial to maintain an equilibrium. Trust … Read more

Mint Explainer: Why is the CCI worried about the impact of artificial intelligence on competition?

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Mint Explainer: Why is the CCI worried about the impact of artificial intelligence on competition?

Like competition regulators elsewhere in the world, the Competition Commission of India (CCI) has decided to look at the impact deployment of artificial intelligence (AI) tools can have on markets.  It has started the process of commissioning an external body to study recent developments and provide insights that will help it develop a comprehensive understanding … Read more

Stock to buy: Mazagon Dock Shipbuilders is Anand Rathi’s pick of the month; here’s why

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Stock to buy: Mazagon Dock Shipbuilders is Anand Rathi’s pick of the month; here’s why

Mazagon Dock share price gained over 3% on Wednesday, extending gains for the second session amid strong buying interest. Mazagon Dock Shipbuilders shares extended gains from a 4% rally in the previous session which was coupled with heavy volumes. Brokerage firm Anand Rathi has named Mazagon Dock Shipbuilders as its ‘Pick of the month’ and … Read more

Yen tumbles as markets on alert for Japan action; dollar falls after data

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NEW YORK (Reuters) -The yen dropped to multi-year lows against the U.S. dollar and euro on Tuesday, keeping investors on heightened Japanese intervention watch ahead of this week’s Bank of Japan policy meeting. The euro reached 165.71 yen, its highest since 2008, after data showed business activity in the euro zone expanded at its fastest … Read more

Oil rises $1 as US dollar slips to one-week low, investors shift focus to global economy; Brent at $88/bbl

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Oil rises $1 as US dollar slips to one-week low, investors shift focus to global economy; Brent at $88/bbl

Oil prices rose a dollar a barrel on Tuesday, April 23, as the US dollar index fell to its lowest in over a week and as oil investors shifted focus away from the ongoing geopolitical issues in the Middle East to the state of global economies. The US dollar index weakened after latest S&P Global … Read more

Emmforce Autotech IPO: Issue oversubscribed on day 1 on strong investor interest; check GMP, subscription status, more

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Emmforce Autotech IPO: Issue oversubscribed on day 1 on strong investor interest; check GMP, subscription status, more

The IPO has allocated a minimum of 50% of the net issue to Qualified Institutional Buyers (QIBs), 35% of the net issue to retail individual bids, and 15% of the net issue to non-institutional bidders. With the sale of 15.66 lakh equity shares at a price of ₹98 apiece, Emmforce Autotech IPO raised ₹15.34 crore from … Read more