Notwithstanding a minor correction, gold’s shine remained intact in Monday's early trade amid hopes of an interest rate cut in June on the back of softer US economic data. The price of yellow metal in the international markets was at a two-month high while on the MCX, this bullion metal is trading at a three-month peak. Gold has gained on softening of the dollar index (DXY).

India has asked tech firms to seek its approval before the public release of artificial intelligence (AI) tools that are "unreliable" or under trial, noting they should also be labelled for the potential to return wrong answers for user queries. The use of such tools, including generative AI, and its "availability to the users on Indian Internet must be done so with explicit permission.

The strong  growth in Automobile whole sale numbers for the month of February continued to be led by two-wheeler OEMs (Original Equipment Manufacturers) while performance by rest of segments remained a mixed bag.The Passenger Vehicles wholesales growth rate though firm was significantly lower than the two-wheelers.

The government has permitted exports of 64,400 tonnes of onion to the UAE and Bangladesh through the National Cooperative Exports Ltd (NCEL), according to notifications of the commerce ministry. While export of 50,000 tonnes of onion is permitted to Bangladesh, shipments of 14,400 tonnes were allowed to the UAE. "Export of 14,400 tonnes of onions, with a quantity ceiling of 3,600 MT.

Biocon Biologics on Monday said it has inked a patent settlement agreement with Bayer Inc and Regeneron Pharmaceuticals Inc, paving the way for it to launch a biosimilar product in Canada. The settlement pact paves the way for the introduction of Yesafili, a proposed biosimilar to Eeylea (aflibercept) injection, in the Canadian market, Biocon Biologics said in a regulatory filing.

The Graduate Management Admission Council (GMAC), which administers the Graduate Management Admission Test (GMAT) and NMAT, has seen the number of Indian candidates taking GMAT grow 20 percent since last year, Gaurav Srivastava, GMAC's Regional Director, South Asia, Middle East and Africa, told Moneycontrol in an interview.

Winemaker Sula Vineyards' stock rose 1.5% on March 4 after it announced new tasting room close to Nashik airport, likely record harvest in 2024 and also achieved a notable "global digital milestone". In a stock exchange filing, Sula Vineyards said it is all set to open its first-ever tasting room and bottle shop outside its wineries in Q1FY25.

The National Highways Infra Trust, the infrastructure investment trust (InvIT) sponsored by the National Highways Authority of India (NHAI), plans to raise as much as Rs 7,500 crore through a fresh issue of InvIT units to fund the acquisition of new roads from its sponsor, people aware of the development told Moneycontrol.

Fish protein products manufacturer Mukka Proteins’ IPO was subscribed 22.57 times by March 4 monring, the final day of bidding. High net-worth individuals took the lead, subscribing 58.31 times their quota of shares. Retail investors picked 18.97 times the quota of shares and qualified institutional buyers 2.06 times their reserved portion.

As elections loom in various nations, the charm of representative democracy, a fundamental pillar of global governance, is facing headwinds, as per a recent Pew Research Center survey released on February 28. Although representative democracy is widely regarded as the preferred model of government, with a median of 77 percent across 24 democratic countries labelling it as "good,".

Brokerage houses such as CLSA downgraded Tata Steel to sell and M&M to outperform from a buy rating earlier. Morgan Stanley maintained an overweight rating on Apollo Hospitals and HSBC gave a buy tag to HDFC Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:CLSA on Steel stocks: Tata Steel, JSW Steel and JSPL CLSA downgraded Tata Steel to sell.

MUMBAI - While the government looks set to miss its disinvestment target for the fifth time in a row, its stocks have hit the bullseye on Dalal Street. In the last five years, the S&P BSE Bharat 22 index, which represents the 22 companies disinvested by the central government, has surged by more than 2x, and as many as 13 of its constituents turned multibaggers.

In FY23, the major ports in India handled the highest-ever cargo of 795 million tonnes, posting an impressive growth of over 10% year-on-year (YoY). This momentum is expected to continue for the next few years, driven by growing global trade and high demand for imports. India, having the advantage of a vast coastline of 7,500 km, is planning to benefit from this growth by increasing its cargo.

The shares of Jubilant Industries have had a stellar rally in February, rising over 100%, making it the leading gainer among the smallcap pack during the month.The rally, which was supported by a significant increase in volumes, was on the back of a strong operational show in the third quarter results. In the past week, the shares have gained about 10%.

Reported Standalone quarterly numbers for Rashi Peripherals are: Net Sales at Rs 2,481.36 crore in December 2023 up 17% from Rs. 2,120.84 crore in December 2022. Quarterly Net Profit at Rs. 25.52 crore in December 2023 up 13.61% from Rs. 22.46 crore in December 2022. EBITDA stands at Rs. 68.68 crore in December 2023 up 20.24% from Rs. 57.12 crore in December 2022.