Google’s New Code is 75% AI-Generated, Says Sundar Pichai
Google is embracing the agentic era, with CEO Sundar Pichai announcing that 75% of all new code at the company is now AI-generated and approved by engineers, up from 50% last fall. In a post…
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Kevin Warsh Commits to Safeguarding Fed Independence at Hearing
Kevin Warsh, Donald Trump's nominee to lead the US Federal Reserve, pledged to protect central bank independence during his confirmation hearing. This hearing is crucial as Warsh seeks to succeed Fed Chair Jerome Powell, whose…
Apple Shares Decline as Tim Cook Transitions to John Ternus
Apple shares edged lower on Tuesday, slipping nearly 1%, following the announcement of a leadership transition. CEO Tim Cook will step down and hand over the reins to insider John Ternus, currently the hardware chief.…
U.S. Retail Sales Increase 1.7% in March Amid Gas Price Surge
Retail sales in the U.S. rose 1.7% in March, driven by a spike in gas prices due to the ongoing Iran war, which has lasted eight weeks. This follows a revised 0.7% increase in February,…
Mutual Funds Boost Stakes in 294 Smallcap Stocks, Notable Gains Seen
As March-quarter shareholding data emerges for over half of the BSE smallcap universe—around 970 companies—Mutual Funds (MFs) have increased their exposure, raising stakes in about 294 smallcap stocks compared to December ’25. Nearly 66 of…
Vijay Kedia acquires stakes in Mahamaya Lifesciences and SPML Infra
Ace investor Vijay Kedia increased his smallcap exposure in the March quarter by acquiring a 4.53% stake in Mahamaya Lifesciences and a 1.88% stake in SPML Infra. Kedia is recognized for identifying multibagger opportunities, and…
Bill Miller Highlights Investment Opportunities During Market Downturns
Bill Miller states, “All of the great investing periods begin when things are terrible and end when they are wonderful.” This insight underscores that prime investment opportunities often arise during market downturns rather than in…
U.S. Stocks Rise as UnitedHealth Group Reports Strong Profits
U.S. stocks are holding firm as UnitedHealth Group and other major companies reported profits exceeding analyst expectations, boosting market optimism. UnitedHealth's stock jumped 9.4% after it raised its profit forecast for 2026. Quest Diagnostics also…
Aurobindo Pharma to Launch Rs 800 Crore Buyback on April 23
Aurobindo Pharma Ltd announced that its Rs 800 crore buyback offer will open on April 23 and close on April 29. The company's board approved the buyback of up to 54,23,728 fully paid-up equity shares…
US Supreme Court Ruling Enables $12 Billion Tariff Refund for Indian Exporters
The US Customs and Border Protection announced the launch of its refund-processing platform, allowing importers and customs brokers to file claims for duties paid. This follows the US Supreme Court ruling that declared Donald Trump's…
Nifty Closes at 24,576.60; Bank Nifty Could Reach 58,500
The Indian stock market ended positively on April 21, with the Nifty 50 closing at 24,576.60, up 212 points or 0.87%. The index opened at 24,374.55, reached a high of 24,601.70, and touched a low…
Aurobindo Pharma to Conduct Rs 800 Crore Share Buyback
Aurobindo Pharma has announced a share buyback worth up to Rs 800 crore through the tender offer route. The buyback will open on April 23 and close on April 29. The company plans to buy…
Victory Giant Technology Surges 50% in Hong Kong Trading Debut
Victory Giant Technology Huizhou Co., a Chinese supplier of Nvidia Corp., surged 50% in its Hong Kong trading debut after raising $2.6 billion, marking the city’s largest listing in seven months. The shares closed at…
FIIs Sell Rs 1,919 Crore, DIIs Buy Rs 2,221 Crore on April 21
Foreign investors (FIIs/FPIs) net sold Rs 1,919 crore worth of Indian equities on April 21. Domestic institutional investors (DIIs) net bought shares worth Rs 2,221 crore, according to provisional exchange data. During the trading session,…
Tim Cook Steps Down as Apple CEO, Succeeded by John Ternus
Tim Cook is stepping down as chief executive officer of Apple Inc, handing over charge to John Ternus, who heads hardware engineering. Under Cook's leadership, Apple became the most valuable company in the world by…
Nifty Surpasses 24,550, Sensex Gains 750 Points on US–Iran Talks
Indian benchmark indices closed higher for the third consecutive session on April 21, driven by broad-based buying across sectors. Reports of a second round of talks between the U.S. and Iran raised hopes for a…
Marcellus Investment Managers Exits IT, Increases Healthcare Investments
Saurabh Mukherjea's Marcellus Investment Managers has fully exited the IT services sector, reallocating its flagship Consistent Compounders Portfolio (CCP) with approximately 25 percent now in healthcare. The portfolio also includes pharma exports, auto ancillaries, power…
Nestle India shares rise over 8% to record high after Q4 results
Shares of Nestle India jumped more than 8% to a fresh 52-week high on Tuesday after the FMCG company reported a 27% year-on-year rise in consolidated net profit to Rs 1,111 crore for the January-March…
RBI’s Easing of Offshore Trading Restrictions Won’t Change NOP-INR Stance
The Reserve Bank of India’s (RBI) recent easing of restrictions in the offshore non-deliverable forwards (NDF) market is not expected to alter its stance on the net open position for the Indian rupee (NOP-INR). Market…
Export Stocks Surge as Trump Tariff Refunds Roll Out
Shares of export-focused shrimp and textile companies surged up to 7% on Tuesday as tariff refunds from former US President Donald Trump's administration began, following a US Supreme Court ruling that deemed the tariffs illegal.…
Textile and Seafood Stocks Rise as US Launches Tariff Refund System
Textile and seafood stocks increased up to 5% on April 21 following the launch of a refund system for businesses that paid tariffs. The US Supreme Court ruled that President Donald Trump imposed these tariffs…
India’s Fertiliser Production Hits Five-Year Low in March
Fertiliser production in India reached a five-year low in March, dropping 24.6% from the previous year. This decline is attributed to input shortages caused by the ongoing war in West Asia. The Ministry of Commerce…
Gold Prices Steady as Investors Await US-Iran Peace Talks
Gold prices were largely steady on Tuesday after dropping to a one-week low in the last session. Investors are waiting to see if the U.S. and Iran will meet this week for peace talks following…
Private Banks Show Attractive Valuations at Multi-Year Lows, Says Bajaj Life
Srinivas Rao Ravuri, Chief Investment Officer at Bajaj Life Insurance, favors private banks while being selective about PSU banks. He noted that improving credit growth, benign asset quality, and a likely delayed rate-cut cycle make…
Indian Government Keeps Future AI Legislation Options Open
As the Centre establishes a committee and a high-level ministerial body to shape India's artificial intelligence (AI) policy, an official from the Ministry of Electronics and Information Technology (MeitY) stated that the government has not…