The Securities and Exchange Board of India (Sebi) has changed how mutual funds value physical gold and silver, directing them to move from global benchmark pricing to domestic spot prices. In a circular issued on Thursday, the market regulator said mutual funds will now value physical gold and silver held by schemes using polled spot…
This shift matters for the market. IT, at roughly 9% weight, remains the second-largest sector in the benchmark Nifty 50 index, while BFSI dominates with about 37% weight. In theory, BFSI’s expanding profit share and heavier index presence should have cushioned broader market weakness. In practice, however, IT’s slide has exerted an outsized drag on…
Privacy-first user experiences in generative AI are poised to go mainstream this year as consumer discomfort around data sharing rises, Mark Surman, president and board member of web browser Mozilla, told mint. Surman said that while generative AI may spell the end of conventional data privacy, “there are a lot of innovations happening to make…
