REKHA JHUNJHUNWALA LOST ₹800 CRORE, ADHAAR HOUSING FINANCE IPO, JSW Q4 RESULT – STOCK MARKET UPDATES

1. Rekha Jhunjhunwala, who holds a 5.35% stake in Titan, faced a loss of ₹800 crore.

Due to poor Q4 results, Titan Company’s shares saw a significant drop on May 6.

2. Aadhar Housing Finance’s IPO is now open to the public.

The IPO will remain open until May 10, and the company aims to raise ₹898 crore through it.

3. JSW Energy’s Q4 results have been released.

Their consolidated net profit increased by 22.4% YOY to ₹345.27 crore, and their FY24 Q4 revenue from operations also rose to ₹2,755.87 crore.

4. SEBI has instructed NSE to organize a special trading live session on May 18, which is a Saturday.

This session will prepare traders to handle unexpected disasters in the market.

5. India aims to be the global capital for AI use-cases, according to Nandan Nilekani.

The co-founder and chairman of Infosys, Nandan Nilekani, stated that India is not focused on creating Large Language Models, but rather on making AI accessible to all citizens.

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