Taking Stock: Friday cheer for market; Sensex up 463 points, Nifty reclaims 18,000

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Taking Stock: Friday cheer for market; Sensex up 463 points, Nifty reclaims 18,000 Adani Enterprises, Adani Ports, Britannia Industries, Wipro and Nestle India were among the top gainers on the Nifty. Axis Bank, ONGC, HCL Technologies, JSW Steel and Titan Company lost the most in the Nifty pack

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How much extra would you pay to save Earth? 

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How much extra would you pay to save Earth?  The additional cost of rolling out clean technology in its infancy before scale economies are achieved will be passed on to consumers in many areas. One approach to tackle the price gap between clean and dirty products is simply to hand companies billions of dollars in subsidies

from Moneycontrol Technology News https://www.moneycontrol.com/news/technology/how-much-extra-would-you-pay-to-save-earth _16976581.html
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Only four IPOs in March quarter but India leads in share sale by large corporates: EY

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Only four IPOs in March quarter but India leads in share sale by large corporates: EY In contrast, the SME market witnessed higher activity, having raised $82 million via 38 IPOs

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India ranks first in number of new share sales by large firms despite just four IPOs in March quarter: EY

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India ranks first in number of new share sales by large firms despite just four IPOs in March quarter: EY In contrast, the SME market witnessed higher activity, having raised $82 million via 38 IPOs

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Wipro expects macro environment to remain challenging, Q1FY24 rev guidance weaker than expected

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Wipro expects macro environment to remain challenging, Q1FY24 rev guidance weaker than expected CEO Thierry Delaporte attributed the revenue growth decline in constant currency terms during the quarter to the uncertainty in the market and the resulting slowdown in discretionary spending.

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Memo to Mark Zuckerberg: Be like Satya Nadella

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Memo to Mark Zuckerberg: Be like Satya Nadella Meta has made Wall Street happy again but the CEO needs to shake up the company a lot more — including reshuffling his core executives

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Taking Stock: Sensex up 349 points, Nifty back above 17,900 on expiry day; realty, IT gain

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Taking Stock: Sensex up 349 points, Nifty back above 17,900 on expiry day; realty, IT gain Bajaj Auto, Bajaj Finance, BPCL, Bajaj Finserv and Bharti Airtel were among the biggest gainers on the Nifty, while losers included HDFC Life, HUL, Power Grid Corp, Adani Ports and Axis Bank

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Apple, Android rivals see first-quarter drop in China phone shipments: Research firm

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Apple, Android rivals see first-quarter drop in China phone shipments: Research firm The iPhone maker was the top-selling brand over the first three months of the year, with 20% market share. But its overall shipments in China fell to 13.3 million units, a 3% decrease from the same period in 2022.

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Artificial Intelligence could spell the end of big business

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Artificial Intelligence could spell the end of big business Today more Americans work for big companies than for small ones. But AI could change that given how leading companies in the field like Midjourney having just 11 and OpenAI just 375 full time employees

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UK blocks Microsoft’s $69 billion Activision deal

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UK blocks Microsoft’s $69 billion Activision deal The Competition and Markets Authority said its concerns couldn’t be solved by remedies such as the sale of blockbuster title Call of Duty or so-called behavioural remedies involving promises to permit rivals to offer the game on their platforms.

from Moneycontrol Technology News https://www.moneycontrol.com/news/technology/uk-blocks-microsoft’s-3669-billion-activision-deal_16973581.html
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Taking Stock: Nifty above 17,800, Sensex gains 170 pts led by auto, realty, capital goods

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Taking Stock: Nifty above 17,800, Sensex gains 170 pts led by auto, realty, capital goods Top gainers on the Nifty included Power Grid Corporation, Nestle India, Tata Consumer Products, IndusInd Bank and LT, while losers were Hindalco Industries, Adani Ports, Bajaj Auto, Bajaj Finserv and NTPC.

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Looking for emotional support? ChatGPT’s secret weapon is artificial emotional intelligence

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Looking for emotional support? ChatGPT’s secret weapon is artificial emotional intelligence There is good reason to think chatbots work better as an emotional companion than as a provider of facts. These tools are exceptionally good at mimicking empathy through learning from text scraped from the web, including emotive reactions posted on social media platforms

from Moneycontrol Technology News https://www.moneycontrol.com/news/technology/looking-for-emotional-support chatgpt’s-secret-weapon-is-artificial-emotional-intelligence_16972621.html
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TCS plans to double the salary, reduce disparity: HR head reveals the blueprint

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TCS plans to double the salary, reduce disparity: HR head reveals the blueprint According to TCS’ CHRO Milind Lakkad, employees across levels of experience are getting a chance to up-skill and double their packages with high-quality in-house programmes. Though annually only 10 percent of candidates have been able to clear this programme on the first attempt.

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Big Tech crackdown looms as EU, UK ready new rules

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Big Tech crackdown looms as EU, UK ready new rules The U.K. government unveiled draft legislation that would give regulators more power to protect consumers from online scams and fake reviews and boost digital competition.

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Taking Stock: Market posts moderate gains amid volatility; power, PSU banks rally

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Taking Stock: Market posts moderate gains amid volatility; power, PSU banks rally Bajaj Finance, Adani Enterprises, Britannia Industries, Bajaj Finserv and IndusInd Bank were the major Nifty gainers, while losers included HDFC Life, UPL, HDFC Bank, HDFC and Tech Mahindra

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Elon Musk urges entrepreneurs to #39;refine lithium#39; amid EV choke point

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Elon Musk urges entrepreneurs to #39;refine lithium#39; amid EV choke point Elon Musk urged entreprenuers to shift their focus from creating #39;picture sharing apps#39; to getting into #39;heavy industry#39; such as lithium refining.

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Data company Palantir to help Ukraine prosecute alleged Russian war crimes

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Data company Palantir to help Ukraine prosecute alleged Russian war crimes The data that Palantir#39;s software will process relates to allegations of unlawful killing, rape, torture and destruction in Ukraine since Russia invaded the country more than a year ago.

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How far has AI come in space exploration?

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How far has AI come in space exploration? Like many other industries, the space exploration process utilises AI and robotics to expedite its mission. Emerging technologies such as Machine Learning and deep learning provide opportunities for organisations involved in space programmes to embrace AI and robotics.

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Can AI write a novel or create a work of fiction?

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Can AI write a novel or create a work of fiction? Computers will soon write novels, but can they produce another best-seller, and can you call it #39;art#39;?

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Tata group’s slow but steady steps toward semiconductors

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Tata group’s slow but steady steps toward semiconductors Tata Electronics looks set to announce a silicon-based semiconductor fab, with key personnel and collaborations in place

from Moneycontrol Technology News https://www.moneycontrol.com/news/technology/tata-group’s-slowsteady-steps-toward-semiconductors_16967551.html
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Taking Stock: Market closes flat amid consolidation; auto, realty, metals drag

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Taking Stock: Market closes flat amid consolidation; auto, realty, metals drag TCS, ITC, Britannia Industries, Wipro and Asian Paints were among the major gainers on the Nifty, while losers were HDFC Life, Tech Mahindra, Adani Enterprises, SBI Life Insurance and Maruti Suzuki.

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Rethinking the MBA degree for the AI era? There’s an app for that

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Rethinking the MBA degree for the AI era? There’s an app for that A paid-for app is shaping up at INSEAD in an attempt to review and change what the MBA itself teaches by promoting lifelong learning. It is akin to jokingly imagining a world in which MBAs self-destruct within five years and force alumni to reapply for the qualification

from Moneycontrol Technology News https://www.moneycontrol.com/news/technology/rethinking-the mba-degree-forai-era-there’sapp-for-that_16966651.html
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Taking Stock: Market manages to close higher after 3-day losing streak; pharma stocks fall

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Taking Stock: Market manages to close higher after 3-day losing streak; pharma stocks fall NTPC, Adani Ports, Tata Motors, Bajaj Auto and Asian Paints were among the top gainers on the Nifty, while losers included Divis Labs, Eicher Motors, HUL, Dr Reddy’s Laboratories and JSW Steel

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Twitter Blue Check Removal: Elon Musk needs journalists more than he thinks

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Twitter Blue Check Removal: Elon Musk needs journalists more than he thinks Most people on Twitter find value in what the media does. Editors and executives now must decide whether to line the pockets of the world’s second-richest man in order to keep verified status and maintain visibility on the platform

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Shakti Pumps rises 4.5% on getting $1 million due from Uganda project

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Shakti Pumps rises 4.5% on getting $1 million due from Uganda project The stock of Shakti Pumps Ltd was trading 4.88 percent higher at Rs 457.85, on BSE at 9:40 AM. The stock has given a return of 13.34 percent since the start of this year outperforming the Nifty50 benchmark index which has lost nearly 3 percent of its value since the start of this year. Whereas the stock has underperformed the benchmark index Nifty50 over the last five years by giving a return of negative 38.26 percent.

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Thirsty AI: ChatGPT drinks staggering amount of water to answer 50 questions

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Thirsty AI: ChatGPT drinks staggering amount of water to answer 50 questions New research noted that for a simple conversation of roughly 20-50 questions and answers, ChatGPT needs to drink a 500ml bottle of water.

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Taking Stock: Market falls for third straight day, IT stocks continue to weigh heavy

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Taking Stock: Market falls for third straight day, IT stocks continue to weigh heavy HCL Technologies, Infosys, IndusInd Bank, SBI Life Insurance and Wipro were among the top Nifty losers. BPCL, Divis Laboratories, Bajaj Auto, Axis Bank and MM gained the most

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CMS Info System secures 30% ATMs across India, to expand application to 15,000 units this year

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CMS Info System secures 30% ATMs across India, to expand application to 15,000 units this year CMS Info Systems aims to implement its security software application called ALGO OTC to existing 15,000 ATMs of the largest banks in India in 2023.

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Chips: Now shortages are hitting the machines that make them

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Chips: Now shortages are hitting the machines that make them Equipment companies had become immune to the ups and downs of the demand cycle. Not anymore. A primary concern in ramping up output is whether Chinese companies end up making their own chip making equipment

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Online gaming: New rules to promote responsible behaviour but some ambiguity remains

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Online gaming: New rules to promote responsible behaviour but some ambiguity remains The Indian laws allow games of skill while prohibiting games of chance. However, there is no prescribed definition of either term

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ChatGPT poised to expose corporate secrets, Cyber Firm warns

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ChatGPT poised to expose corporate secrets, Cyber Firm warns The widespread adoption of new AI chatbots and writing tools could leave companies vulnerable to data leaks and lawsuits, said the report, which was provided to Bloomberg News prior to its release.

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Taking Stock: Market ends lower for the second day, realty and pharma shine

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Taking Stock: Market ends lower for the second day, realty and pharma shine Among sectors, selling was seen in the FMCG, power and infra, while pharma and realty were up a percent each. Information technology, PSU Bank and metal each gained 0.5 percent

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EV makers charged up to storm Shanghai auto expo with innovative tech

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EV makers charged up to storm Shanghai auto expo with innovative tech After Covid hit the world, Auto Shanghai 2023 happens to be the first time when automakers are flying from all across the globe to attend the exhibition as the show#39;s scale was reduced during the pandemic.

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Twitter: All downhill from here?

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Twitter: All downhill from here? The future for Twitter becoming an “everything app” looks uncertain, not because of the lack of merit in an app that tries to do everything for everyone, but because it seems to be driven by a swashbuckling billionaire CEO who cares more about titillation than the plan

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Taking Stock: IT rout sinks market; Sensex down 520 points, Nifty below 17,750

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Taking Stock: IT rout sinks market; Sensex down 520 points, Nifty below 17,750 Infosys, Tech Mahindra, HCL Technologies, NTPC and Larsen and Toubro were among the major losers on the Nifty. Nestle India, Power Grid Corporation, SBI, Britannia Industries and Coal India gained the most

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SIDBI launches new financing solution for EV space

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SIDBI launches new financing solution for EV space A detailed discussion with stakeholders revealed that access to adequate finance, including the competitive rate of interest, is a challenge faced by MSMEs (Micro, Small and Medium Enterprises) and NBFCs, catering to the EV ecosystem, SIDBI said.

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Why are governments jumping on to the super-apps bandwagon

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Why are governments jumping on to the super-apps bandwagon Super-apps hold a promise for enhancing the convenience, efficiency, and personalisation of government services for citizens. From the government’s perspective, it has the potential to reduce redundancies and complexities in the existing processes

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Apple’s first stores in India signal a new bonhomie

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Apple’s first stores in India signal a new bonhomie With $5 billion of iPhone exports out of India, expected to go up to 25 percent of Apple’s entire production line of the smartphone by 2025, India has finally hit the sweet spot in the supply chain of the world’s most valuable company

from Moneycontrol Technology News https://www.moneycontrol.com/news/technology/apple’s-first-storesindia-signalnew-bonhomie_16959321.html
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ChatGPT is knock knock knockin#39; on the music industry#39;s doors

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ChatGPT is knock knock knockin#39; on the music industry#39;s doors Real humans are listening to AI machines making music. After sleepwalking into the last big disruption of MP3 file-sharing two decades ago, labels are responding with sound and fury. Iconic artists won#39;t be affected, but those seeking breakthroughs face a tough time

from Moneycontrol Technology News https://www.moneycontrol.com/news/technology/chatgpt-is knock-knock-knockin39the-music-industry39s-doors_16958851.html
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Taking Stock: Market ends flat amid volatility; IT stocks worst hit, realty gains

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Taking Stock: Market ends flat amid volatility; IT stocks worst hit, realty gains IndusInd Bank, HDFC Life, Eicher Motors, Apollo Hospitals and Power Grid Corp were the top Nifty gainers, while Infosys, HCL Technologies, Tech Mahindra, NTPC and TCS lost the most. The market will remain closed on April 14 on account of Ambedkar Jayanti

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LT is building India#39;s first 3D-printed post office in Bengaluru | See Pics

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LT is building India#39;s first 3D-printed post office in Bengaluru | See Pics Larsen and Toubro construction is building India’s first-of-its-kind post office, with 3D printing technology in Bengaluru, Karnataka. The project is to design and build the 1,100 square feet Halasuru Post Office and it is being built at a cost of Rs 23 lakh using 3D Concrete Printing Technology

from Moneycontrol Technology News https://www.moneycontrol.com/news/technology/lt-is-building-india39s-first-3d-printed-post-officebengaluru-|-see-pics_16957741.html
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Nvidia enhances mid-range video gaming chip with AI technology

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Nvidia enhances mid-range video gaming chip with AI technology The new RTX 4070 chip, which Nvidia will start shipping on Thursday, will cost $599, putting it near the middle of the company#39;s range of graphics processing units (GPUs), which list for up to $1,600.

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Taking Stock: Bulls tighten grip; Nifty above 17,800, Sensex up 235 points; all eyes on inflation data

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Taking Stock: Bulls tighten grip; Nifty above 17,800, Sensex up 235 points; all eyes on inflation data Auto, pharma and information technology indices were up 1-2 percent, while some selling was seen in the FMCG and Capital Goods names.

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The Chip Wars: Why India should have a long-term, comprehensive chip plan

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The Chip Wars: Why India should have a long-term, comprehensive chip plan The tug of war between the US and China over establishing supremacy in the chips industry has ramifications for several countries, including India

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In Pics: India#39;s First Apple retail stores to launch in Mumbai and Delhi

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In Pics: India#39;s First Apple retail stores to launch in Mumbai and Delhi Apple is opening its first retail stores in India, beginning next week, the global tech giant which entered the country two decades ago announced on April 11.

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Taking Stock: Rally on seventh day push Nifty above 17,700; Sensex rises 311 points

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Taking Stock: Rally on seventh day push Nifty above 17,700; Sensex rises 311 points The BSE midcap index was up 0.4 percent and smallcap index gained 0.6 percent.

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Generative AI and Copyright: Who owns creativity?

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Generative AI and Copyright: Who owns creativity? AI generated art works are forcing a rethink on copyright laws anchored around the fundamental premise that copyright can be granted only for original works created by a human being.  But do the input prompts to AI by humans fall within the ambit of “creative interventions” that deserve a copyright?

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India needs a regulatory framework to protect citizens from ChatGPT-led disruptions

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India needs a regulatory framework to protect citizens from ChatGPT-led disruptions India should pass the Digital Personal Data Protection Bill to protect the data of its citizens and also work towards an AI policy that prioritises openness and transparency and discourages tech monopolies

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Taking Stock: Market ends almost flat after early gains; realty, auto, power stocks shine

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Taking Stock: Market ends almost flat after early gains; realty, auto, power stocks shine On the sectoral front, except bank and FMCG, all other indices ended in the green with realty index jumped 4 percent, while auto, power and oil gas up 1 percent each.

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India’s tech hub can’t deal with SVB fallout if it’s stuck in traffic

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India’s tech hub can’t deal with SVB fallout if it’s stuck in traffic For Bengaluru#39;s startup ecoystem that#39;s trying to weather a funding winter, an equally pressing problem is the woeful infrastructure deficiencies of the city. Otherwise, India’s best-known global success story might get crushed by its own growth

from Moneycontrol Technology News https://www.moneycontrol.com/news/technology/india’s-tech-hub-can’t-dealsvb-fallout-if-it’s-stucktraffic_16953531.html
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