Friday, August 28
New Delhi: The union cabinet approved a revamp of atomic energy legislation, fully opened up the insurance sector to overseas investors and allowed the export of coal from within existing domestic supply contracts as the government prepares to implement a number of big-ticket policy changes aimed at taking forward its economic agenda. The big legislative push comes close on the heels of the government’s renewed reforms drive, following the sweeping overhaul of the goods and services tax (GST) regime and the notification of labour codes-—moves to support the economy amid geoeconomic challenges and the 50% tariffs imposed by the US.The approvals are a key step forward in policy changes that have been previously announced. The cabinet chaired by Prime Minister Narendra Modi gave its nod t
Mumbai: India’s media and entertainment industry has raised concerns that unlicensed generative artificial intelligence (GenAI) training could undermine revenues and business models, as the government seeks to create a framework that balances AI innovation with copyright protection and fair remuneration for content creators.The Department for Promotion of Industry and Internal Trade (DPIIT) has released a working paper on GenAI training that brings together written submissions from broadcasters, news publishers, music labels and film producers based on separate consultations held with stakeholders of the content industry. The paper, titled ‘One National One License One Payment - Balancing AI Innovation and Copyright’, aims to establish a transparent and unified licensing system for A
The markets saw a week of mild corrective movement as Nifty traded in a slightly downward-biased consolidation phase and ended the week on a negative note. The index oscillated in a 485-point range, between 26,178.70 and 25,693.25. Despite a supportive backdrop from the Fed with a 0.25% rate cut, and breadth deterioration pausing, the index faced resistance near recent highs. India VIX declined by -2.01% to 10.11, reflecting continued complacency and low hedging demand. Nifty ended the week with a mild loss of 139.50 points or -0.53%. 125949001The broader structure of the Nifty remains bullish, yet the index is navigating a key inflection zone. It continues to hover above the falling trendline, encountering resistance near 26,150–26,200. The ongoing price action reflects hesitation in
Markets witnessed heightened volatility and finished the week in the red amid a mix of domestic and global signals. Investor sentiment remained cautious for most of the week and deteriorated further as selling pressure picked up, although a late recovery in the final sessions helped curb losses.Continued foreign fund outflows and a sharp fall in the rupee weighed on market confidence. Consequently, the Nifty fell 139 points to close at 26,046, while the Sensex slipped 445 points to settle at 85,268.With this, analyst Sudeep Shah, Vice President and Head of Technical & Derivatives Research at SBI Securities, interacted with ET Markets regarding the outlook for the Nifty and Bank Nifty, as well as an index strategy for the upcoming week. The following are the edited excerpts from his cha
