New Delhi, July 7 (IANS) India’s economy has become less dependent on monsoon rains, with expanding irrigation networks and changing cropping patterns over the last decade insulating agriculture and rural demand from the kind of shocks seen in earlier years, according to a report Historically, deficient monsoons often translated into sharp declines in agricultural output and rural incomes. In 2002, for instance, rainfall fell to 81 per cent of the long-period average, leading to a steep drop in …
Latest Bernstein News & Updates
New Delhi, June 22 (IANS) India must build its own foundational artificial intelligence (AI) models to avoid falling behind the United States and China, a new report has said.The report from global brokerage Bernstein urged policymakers to prioritise domestic model AI development, citing geopolitical restrictions seen on frontier AI systems.Anthropic’s frontier models were recently restricted for non-US citizens which proved that access to advanced AI cannot be taken for granted.The brokerage wa…
Ahmedabad, May 27 (IANS) The Adani Group is witnessing a sharp surge in market valuation, with the combined market capitalisation of its listed companies nearing the Rs 20 lakh crore milestone.The conglomerate has added around Rs 5 lakh crore in market value on a year-to-date (YTD) basis, driven by strong earnings performance and renewed investor confidence.Among the group companies, Adani Power has emerged as the biggest contributor to wealth creation this year.The company’s market capitalisa…
Mumbai, May 22 (IANS) Global brokerage Bernstein has gone bullish on Adani Group over robust execution and a healthy balance sheet, hailing its ability to execute at scale against competition while expressing comfort on debt levels as well as promoter holding and share pledge metrics.The brokerage said in a comprehensive note that it is not concerned about debt levels, with debt repayment schedules and yields both described as comfortable. Promoter holding and share pledge metrics were also labe…
New Delhi, April 6 (IANS) Elevated global crude oil prices above $90 per barrel could begin to significantly weigh on earnings of Nifty companies, a report has said.According to Bernstein analysts’ estimates, for every $10 per barrel increase beyond $90, Nifty earnings may decline by 2-3 per cent, with the impact worsening sharply at higher price levels. While crude has a limited direct linkage to the index, its broader macro impact, including inflation, currency depreciation and policy response…