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22.11 / 01:15
cryptocurrency cryptocurrency market Bitcoin Bitcoin breaks $96,000 for first time on optimism over Trump crypto plans
Bitcoin's march toward $100,000 made further ground on Thursday as investors bet a friendlier U.S. regulatory approach to cryptocurrencies under President-elect Donald Trump will unleash a boom era for the asset class. Bitcoin prices topped $96,000 for the first time in Asia trade, touching a high just above $96,898.
22.11 / 00:39
markets Strategy wellness AMD Experts country innovations Every AMD product goes via India team: Lisa Su
Lisa Su, chair, and chief executive officer (CEO) of Advanced Micro Devices (AMD)--credited with reversing the fortunes of the American chipmaker—is now taking the fight to industry leaders like Nvidia. In an interview with ET Su said that the $ 22.7 billion firm whose market cap has soared to $223 billion, is also building two supercomputers in India. It could also enhance investments in the country beyond the $ 400 million announced last year, said the 55-year-old executive. Edited excerpts: AMD has completed 20 years in India, what role do you see the country playing in the era of AI?
22.11 / 00:39
markets COST Platform Strategy Experts PAM reports Zepto FDI laws compliant, aims to be majority India-owned: Aadit Palicha
Zepto, which has raised another $350 million in new funding from prominent domestic investors, aims to become a company with a majority Indian ownership, chief executive Aadit Palicha said. Zepto is not an “Amazon or Walmart” but an Indian firm with plans to go public on Indian bourses, Palicha said in an interview with ET. He said the four-year old firm is not hurting kiranas or mom-and-pop stores — an allegation that Zepto and other quick-commerce firms are facing — and is a “net-job creator to the country’s consumption story". Founded by Stanford University dropouts Palicha and Kaivalya Vohra, Zepto has emerged as one of the fastest-growing consumer internet firms in India, fuelled by $1.4 billion that it raised in the last five-six months.
22.11 / 00:39
markets UPS security Analysis Election Trade Bitcoin Bitcoin climbs closer to $100,000
The bitcoin price topped $98,000 for the first time during European trading and was last up around 2.4% at $96,779.
22.11 / 00:39
markets UPS CEO Strategy Experts PAM reports Zepto scoops up $350 million more from family offices, HNIs to boost domestic shareholding
Zepto has raised an additional $350 million in funding from Indian high net-worth individuals (HNIs), family offices, and leading financial institutions. The fundraise was led by Motilal Oswal’s private wealth division, the company said in a statement. This adds to the $1 billion war chest Zepto has amassed over the past few months to take on rivals like Zomato’s Blinkit, Swiggy Instamart and others. ET first reported in October about Zepto looking to onboard local investors with a mandate of raising $150 million. Subsequently, we reported on November 15 that the round had doubled in size as the quick commerce firm sought to boost local shareholding and investor interest in the sector was at a peak.
22.11 / 00:39
markets security Analysis Trade Experts Courts Adani bonds fall, Vedanta's issue may also face delay
Adani Group bonds fell 5-10 cents Thursday after a US court indicted chairman Gautam Adani and senior executives over allegations of paying $265 million in bribes to secure solar power contracts in India. Adani Green Energy’s March-issued bond offering 6.7% dropped as much as 15 cents, trading at 78/ 79 cents on the dollar in the early trades. This saw some recovery and closed at 82/83 cents from 94 cents Wednesday
22.11 / 00:39
markets Digital Strategy Software Qualcomm NVIDIA Experts Accelerated computing efficient solution for AI here: Nvidia
Nvidia’s strategy for India is built on a multi-pronged approach predicated to “accelerated computing is the future of technology,” especially for India given the energy constraints. This approach offers an efficient solution to meet the country’s growing AI needs—sustainably, said the company’s business head (cloud and consumer internet) for the South Asian market, Hasan Aijaz. “The chip is no longer the unit; it’s the data centre. You don’t have to think about chips or systems separately. You need to think about how chips and systems work together, along with the network and the software and create a full stack,” he said at the Bengaluru Tech Summit on Thursday speaking on a discussion about AI for chips. Meanwhile, US-based Qualcomm said it is focused on edge AI and making on-device AI more accessible and efficient for its end consumers. Senior VP at the firm, Srini Maddali, said «AI on the edge is not an option; it is a necessity. You will not be able to scale, nor will you get the technology leverage across the world without having AI on the device.»
22.11 / 00:39
markets Action security Analysis Limelight Trade guidelines GQG loses Rs 8,170 cr on Adani shares; also skids 20% on Australian bourse
GQG Partners, one of the biggest foreign institutional investors in Adani Group, said it is monitoring the charges filed by the US Attorney's Office for the Eastern District of New York and the Securities Exchange Commission against founder Gautam Adani, group companies and executives. GQG said it is «reviewing the emerging details and determining what, if any, actions for our portfolios are appropriate.» Shares of GQG Partners plunged 20% on the ASX (Australian Securities Exchange) on Thursday, eroding nearly ₹8,100 crore (approx. US $950 million) or 16% of its market value.
22.11 / 00:39
markets UPS Aware Strategy Experts PAM Under pressure Ola Electric is laying off 500 to up profitability
People aware of the ongoing downsizing drive within Ola Electric said the company has cut 300-400 jobs, or under 10% of the workforce, over the past few months. The numbers would go up and as many as 500 employees may be impacted as the process is still ongoing, according to one of the people. «There is an emphasis on profitability and workforce optimisation is in line with that goal,» said a person close to the company.
22.11 / 00:39
markets security Strategy wellness Experts PAM innovations European AI companies grapple with rigid Rules, funds
AI regulations. Stringent regulations such as the proposed EU Artificial Intelligence Act could potentially undermine the global competitiveness of European AI startups, likely pushing more companies to shift to place like the United States —a seismic blow to Europe’s tech ecosystem, ET has learnt after speaking with multiple industry executives, global founders, and investors at the Slush 2024 event in Helsinki. “The reality is that the regulations here are far removed from the reality of how businesses operate,” said Andreas Klinger, founder of Prototype Capital, an early-stage solo general partner fund based in Berlin. “If we look at the high-risk aspects, everyone will agree, but things get muddier very quickly. I invest in artificial intelligence startups, so I have a good sense of what is likely to happen.”
22.11 / 00:39
markets Digital security Strategy Experts PAM innovations Demand for prompt engineers stalling as companies seek broader skill sets
generative AI came into the spotlight – is stabilising. Staffing experts are noticing a plateauing in the need for specialist prompt engineers, with businesses seeking AI engineers with a broader skill set as techniques like retrieval augment generation or grounding, fine-tuning, and continual pre-training are seeing increasing innovation and relevance, and tools to automate prompt optimisation are emerging. Prompt engineers are people who optimise prompts to ensure accurate and desirable output from Gen AI models. “Prompt engineering and demand for prompt engineers is by scope and nature highly seasonal and short-termed,” said Krishna Gautam, business head — direct hiring — at specialist staffing firm Xpheno. “The role's eventual output is to enhance the intuitive capabilities of the AI, including the ability to autonomously frame, test and calibrate prompts. Given this specific nature of the stack, prompt engineering will eventually phase out itself from being a significant part of the AI capacity matrix of enterprises.”
22.11 / 00:35
Citi Booking Parke Research reports travelers Schools How the North is shaping India’s ‘smog economy’
Subscribe to enjoy similar stories. As the air quality index breaches hazardous levels all over the region, residents of Delhi-NCR and other major cities are working from home, while schools have already moved to online classes. Outdoor activities that usually rise in winter months, including dining out and shopping in high-street shopping districts, have fallen across major cities.
22.11 / 00:35
markets Citi Progressive Research show 2020 EV sales fall off a cliff in Delhi amid pollution emergency
Subscribe to enjoy similar stories. No incentive, won’t buy. That appears to be the message coming through from dismayed consumers in Delhi after the state government failed to renew road tax and registration benefits on electric cars and two wheelers this September.
22.11 / 00:35
markets Reuters security Experts rock reports Courts Adani indictment rocks equities and bonds alike
Subscribe to enjoy similar stories. Adani group executives’ indictment in a bribery case in the US roiled the Indian markets, with the conglomerate’s stocks taking a massive hit in the ensuing selloff. The turbulence followed an announcement from the US Attorney’s Office in New York in the early hours of Thursday (India time), indicting group chairman Gautam Adani and seven senior executives.
22.11 / 00:35
Extreme CEO Strategy social testing Interviews International CEOs quizzed on longevity, curiosity as hiring for top job takes upto 1 year
Subscribe to enjoy similar stories. Mumbai: Senior executives eyeing CEO roles should not simply bank on their leadership and business acumen to nail interviews. They may also have to field queries on everything from longevity and global warming to geopolitics, besides having to study financials and present a strategy plan to the board.
22.11 / 00:35
markets Provident Enterprise trends show track testing 5 small-cap stocks breaking out on charts now
Subscribe to enjoy similar stories. Fear and uncertainty have gripped the Indian stock markets. The Nifty has recently slipped below the 23,300 level, reflecting the broader market's ongoing struggle amid unsettling news, including the recent Adani bribery reports.
22.11 / 00:35
markets security Limelight Trade Justice Department recommendations Stocks to buy: Two stock recommendations from MarketSmith India for Friday-22 November
Subscribe to enjoy similar stories. The benchmark index, Nifty50, continued to slide due to rising geopolitical concerns and news regarding Adani Group stocks. Adani stocks were in the limelight following bribery allegations from the US Department of Justice and Securities and Exchange Commission against Gautam Adani and other group executives.
22.11 / 00:35
Action security Justice information reports Department Investigations Adani may see wider impact from US setback
Subscribe to enjoy similar stories. Mumbai: The Adani Group denied bribery charges and vowed to explore legal options after a damaging indictment in the US, but the move failed to stop a run in its shares, posing the biggest test yet for the conglomerate which had rebuilt investor faith after the Hindenburg episode.
22.11 / 00:35
FIVE WhatsApp Trade War Bitcoin reports Updates The week in charts: Adani shares, PM internship scheme, Bitcoin buzz
Subscribe to enjoy similar stories. Every Friday, Plain Facts publishes a compilation of data-based insights, with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. The shares of Adani group companies plunged on Thursday after the US indicted chairman Gautam Adani and other executives for allegedly bribing Indian officials.
22.11 / 00:35
Action security WhatsApp Justice stage Courts International Adani’s legal battle: US bribery charges could spark complex multi-jurisdictional defence
Subscribe to enjoy similar stories. The US indictment of billionaire Gautam Adani in a $250 million bribery case could set the stage for a lengthy legal process involving a multi-jurisdictional defence.
21.11 / 23:49
markets MicroStrategy Election Trade Bitcoin Bitcoin Briefly Eclipses $99K—Why Investors Just Can't Get Enough
Bitcoin (BTCUSD) briefly surged past $99,000 Thursday, creating another price record as investors, big and small, can't seem to get enough of the cryptocurrency.

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