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Investing.com — European stock markets rose Friday, continuing the tech-inspired global rally as investors shake off the negative sentiment from earlier in the week. 

Maggioncalda highlighted the significance of generative AI, emphasizing its broad impact on people and industries. Speaking at the World Economic Forum in Davos, he stated, "I'd say the real hotspot is generative AI because it affects so many people." Despite initial concerns among investors that generative AI applications might replace ed-tech firms, the opposite appears to be true. Instead, the technology has spurred increased interest in upskilling, proving advantageous for companies like Coursera.

On Jan. 5, a few hundred linguists gathered in a ballroom in midtown Manhattan to mull various nominations for the American Dialect Society’s 2023 Word of the Year. As chair of the society’s new words committee, I oversaw the lively colloquy, which attracted many members of the group and the larger Linguistic Society of America.

₹3,500 crore to be used for the acquisition of stakes in Capital Foods Private Limited and Organic India Private Limited. The funds will be raised through the issuance and allotment of Commercial Papers, it added.

Agriculture Minister Arjun Munda. The sowing of wheat, the main rabi (winter) crop, that began in October has been completed. Uttar Pradesh, Madhya Pradesh, and Punjab are the top three states having the maximum area under wheat coverage.

buzz surrounding ITI Ltd. Despite its stock soaring over 4x, a staggering 300% rise from its 52-week lows, the company's fundamentals don't seem to justify such enthusiasm. ITI Ltd has been in the red both in the last financial year, FY23, and the preceding 12 months.

Metro Brands, one of the largest Indian footwear specialty retailers, slumped by 6% in today's early trade, reaching ₹1,140 apiece after the company's earnings missed the street estimates. Also Read: Medi Assist IPO allotment finalised; here's how to check allotment status In Q3 FY24, the company posted a consolidated net profit of ₹99 crore, reflecting a 12.4% decline from the ₹113 crore net profit reported in Q3 FY23, driven by a sharp rise in expenses and a slowdown in sales. On a sequential basis, however, the net profit exhibited a 45% improvement compared to the preceding quarter's ₹68 crore.

Dividend stocks in focus: Shares of Tata Consultancy Services (TCS) and HCL Technologies are under the radar of stock market investors and observers. Both Indian IT majors are trading ex-dividends today.

AI optimism drove gains in Nvidia and other chipmakers. U.S.-listed shares of Taiwan Semiconductor Manufacturing (TSMC) soared nearly 10% after the world's largest contract semiconductor maker projected 2024 revenue growth of more than 20% on booming demand for high-end chips used in artificial-intelligence applications. Heavyweight chipmaker Nvidia rose 1.9% to a record high, and it was the most-traded company on Wall Street, with almost $28 billion worth of shares exchanged. Rival Advanced Micro Devices rose 1.6% and also notched a record high. Broadcom, Qualcomm and Marvell Technology gained more than 3% each.

budget a modest 9-11% increase in net tax revenue receipts in FY25 over the budget estimate for the current year in the February 1 interim budget. In absolute terms, the net tax revenue of the Centre is expected to be pegged at ₹25-26 lakh crore. In the current fiscal, the Centre has budgeted ₹23.3 lakh crore net tax revenue. The revised estimate for net tax revenue receipt in the current fiscal year, after devolution to states, will be at about the same level as the budget estimate, considering the likely shortfall in excise duty collections, people aware of the details told ET. The excise duty target for next fiscal is likely to be at ₹3 lakh crore. In the current fiscal year, excise duty collections are expected to fall short by ₹45,000 crore from the budgeted target of ₹3.39 lakh crore.

(Reuters) — Los Angeles Times plans to layoff a «significant» number of journalists, the newspaper's guild said on Thursday, adding that they would organize a one-day walk-out on Friday to protest against the planned move.

Sensex declined 313.90 points, or 0.44%, to close at 71,186.86, while the Nifty 50 settled 109.70 points, or 0.51%, lower at 21,462.25. Investors will now focus on the corporate earnings for the third quarter of FY24 which so far have been a mixed bag. “We expect the market to consolidate in a range with limited upside amid a global uncertain environment.

This week’s inflation “setback” was not great news for anyone hoping for a Bank of Canada rate cut sooner rather than later.

By Suzanne McGee

Crypto exchange Coinbase’s NFT marketplace has released a AI-generated NFT feature.

Newly launched Bitcoin spot ETFs saw their highest daily flows on their fourth day of trading, absorbing $913.6 million on Wednesday.

By Caroline Valetkevitch

Democrats in majority control of the Pennsylvania House of Representatives have advanced several gun control measures

Lawmakers in the United States and the United Kingdom are urging the Securities and Exchange Commission not to allow JBS, the world’s largest meatpacking company, to be listed on the New York Stock Exchange

The European Union's institutions are gearing up for a fight over Hungary and a controversial transfer of 10 billion euros or nearly $11 billion in funds to Budapest

Tata Communications’ profit for the quarter ended December 2023 fell by 88% to ₹45.1 crore compared to the year before, missing estimates, as it provisioned for the impact of the Supreme Court judgment on treating licence fee paid to the government as capital expenditure instead of revenue expenditure for calculating taxes. “Even though the company is not a party to the above judgment and its case is different and distinguishable from the above judgment, as a matter of prudence the company has assessed and recorded a provision of ₹185.52 crore towards interest which has been disclosed as an exceptional item and a provision of ₹21.09 crore towards tax (net) due to change in effective tax rate on account of adoption of new tax regime," the enterprise connectivity provider said Thursday. The telecom player also accounted for deferred tax on refunds it received from pending tax litigations with the government, said MD and CEO A.S.