Flying Ambulances Launch, Gold Pullback & AI’s Future in India!
Your daily dose of business news
🗞️IPO Boom: 2 New Issues & 10 Big Listings This Week!
The IPO market is buzzing with 2 new public issues and 10 major listings expected this week. Investors are keeping a close eye on these market opportunities.
Expert Opinion:
“This surge in IPOs signals strong investor confidence and a vibrant equity market.” – Aditi Sharma, Equity Research Analyst
🗞️SBI Cards Appoints New MD & CEO, Announces ₹2.5 Dividend!
SBI Cards has named Abhijit Chakravorty as its new MD & CEO and declared a ₹2.5 interim dividend for FY25, reflecting its strong financial performance.
Expert Opinion:
“This dividend and leadership transition indicate stability and growth for SBI Cards.” – Neha Verma, Banking Sector Analyst
🗞️EPFO Plans to Offer Stable Interest Rates for Members
EPFO is working on a consistent interest rate regime, ensuring stable returns for millions of members.
Expert Opinion:
“A predictable interest rate enhances confidence among EPF subscribers relying on it for retirement savings.” – Rajesh Gupta, Financial Planner
🗞️India’s Trade Deficit Widens to $23 Billion in January
India’s trade deficit expanded to $23 billion, reflecting higher imports and a slowdown in exports.
Expert Opinion:
“A rising trade deficit may impact India’s currency and require policy adjustments.” – Anil Deshmukh, Economic Policy Expert
🗞️Ajax Engineering Shares List at 8.4% Discount
Ajax Engineering’s IPO debuted at ₹576 on NSE, an 8.4% discount, despite strong fundamentals.
Expert Opinion:
“This signals cautious investor sentiment amid market volatility.” – Karan Patel, Stock Market Expert
🗞️Flying Ambulances Coming Soon! India to Launch 788 eVTOL Aircraft
India is set to launch 788 electric vertical takeoff and landing (eVTOL) aircraft, improving emergency medical transport.
Expert Opinion:
“This is a game-changer for emergency medical response and healthcare accessibility.” – Dr. Ramesh Kumar, Healthcare Innovation Expert
🗞️India AI Mission Portal to Launch Soon with 14,000 GPUs
Union Minister Ashwini Vaishnaw will soon launch the India AI Mission portal, with 10 companies providing 14,000 GPUs for AI development.
Expert Opinion:
“This initiative positions India as a key AI player, driving future innovations.” – Arjun Mehta, AI Researcher
🗞️Gold Prices Retreat from All-Time Highs
Gold prices fell ₹1,200 to ₹88,200 per 10g, as investors took profits following recent highs.
Expert Opinion:
“This pullback offers a potential entry point for long-term investors.” – Meera Shah, Commodity Market Expert
📊 Market Updates - February 17, 2025
📈 Sensex: Up 57 points, closes at 75,996.86
📈 Nifty 50: Gains 30 points, ends at 22,959.50
📉 Rupee: Weakens to ₹86.8775/$
📈 Gold: Rises to ₹85,053 per 10g
📈 Silver: Increases to ₹1,03,500 per kg
📈 Brent Crude: Rises to $75.03 per barrel