Digital Financial News
16.05 / 11:13
Digital
Google
Experts
information
Relationships
Think it over: What AI does for us versus what it’s doing to us
The Second Self: Computers and the Human Spirit and Alone Together: Why We Expect More from Technology and Less from Each Other. She has taught at MIT along with Joseph Weizenbaum and also studied people’s interaction with Eliza, terming our emotional engagement the ‘Eliza Effect.’ Her new MIT study explores how our digital relationships affect our understanding of human connections and is also an attempt to develop methodologies that study how artificial empathy changes our relational capacity.
16.05 / 10:11
markets
Digital
wellness
trends
country
Schools
Commentary
NOT
Not fully committing to IT; gung-ho on market infra stocks: Shiv Chanani
Shiv Chanani, Fund Manager, Baroda BNP Paribas Mutual Fund, says he would probably look for definite signs before fully committing to the IT space. Compared with largecaps, one needs to differentiate among the midcap IT companies. There will be the usual run-of-the-mill IT services companies which are probably in a smaller format of the larger ones and then there are the vertical focused companies which have their own niche and will continue to do well. The largecap IT space overall has shown anaemic growth and nothing great is coming out of the commentary as well. What is your outlook there? Also talk to us about midcap IT where numbers are good, but their valuations are not very cheap either? Shiv Chanani: IT is a pretty interesting space at this point of time where probably the entire space is going through what we call the corridor of uncertainty. So, when you look at one layer below which is the underlying customers of the IT companies, most of them which are in the US, one can perceive the kind of uncertainty that they are going through because you do not know when the rate cuts are going to be, how much of those rate cuts would actually take place.
16.05 / 10:11
UPS
Digital
Manufacturing
Software
country
reports
Schools
Zoho plans $700 million foray into chipmaking
software firm Zoho is planning a foray into chipmaking and seeking incentives from the federal government, two sources with direct knowledge of the proposal said, with one of them pegging the investment plan at $700 million. Zoho, established in 1996 and now headquartered in India's Tamil Nadu, offers software and related services on subscription to businesses in 150 countries, competing with the likes of Microsoft and Salesforce.
16.05 / 10:07
markets
IPO
Digital
economy
track
travelers
recommendations
Go Digit IPO Day 2: From financials to key risks, here are 10 things to know from RHP before subscribing
₹258 and ₹272. Also Read: Go Digit IPO day 2: GMP, subscription status, price to review. Should you apply to this Virushka-backed IPO? The Go Digit General Insurance IPO consists of an offer-for-sale (OFS) of 54,766,392 equity shares by the promoters and other selling shareholders, together with a fresh issue of ₹1,125 crore.
16.05 / 10:07
Digital
Man
Google
show
voice
social
Videos
NOT
Making ChatGPT ‘sexy’ may not be the best way to make it better
Her." That was the single tweet that OpenAI chief executive officer Sam Altman posted as his lieutenants demonstrated a new ChatGPT with the same alluring vocal flourishes Scarlett Johansson used in the movie by that name about a man who falls in love with his AI bot. The most impressive thing about the new GPT-4o (the ‘o’ stands for omni) is that it can discuss what it ‘sees’ through your phone camera in real time, a skill that Google faked in a demo for its AI model last December. More startling was that it didn’t just sound human but strangely seductive.
16.05 / 09:25
Provident
Digital
Trade
President
country
innovations
Indian businesses brainstorm on diverse sectors including digital tech & aerospace at Choose France Summit
Choose France Summit in Paris arranged a dedicated France-India roundtable bringing together some 15 Indian investors and French companies. The discussions provided an opportunity to explore business and investment flows in a wide range of sectors, including health, food, digital technology, research, aerospace, and industrial sovereignty. France's strengths and reforms were presented. TCS has announced the creation of a Global Artificial Intelligence (AI) Center of Excellence in Paris, during the Choose France Summit.
16.05 / 09:13
Digital
CEO
Gap
Strategy
Experts
reports
Schools
ISB Executive Education Introduces Certificate Programme in IT Project Management
ISB Executive Education, ranked number one B-school in India in FT Global MBA Ranking 2024 commenced its 15th batch of Certificate Programme in IT Project Management, along with Emeritus, the global leader in making high-quality education accessible and affordable to individuals and organisations.The 12-week online Certificate Programme in IT Project Management is thoughtfully designed for professionals who aspire to embrace digital disruption, adopt lean techniques, and utilise tools adaptable to increasingly agile environments. This programme is tailored for early-career professionals aiming to elevate their roles within their organisations by refining IT operations management systems, processes, and best practices.
16.05 / 08:55
Blockchain
UPS
Digital
defi
Funding
inclusion
Humanity Protocol Achieves Unicorn Status with $30 Million Funding, Valuation Reaches $1 Billion
Humanity Protocol has achieved unicorn status following a recent funding round that raised $30 million, resulting in a valuation of $1 billion.
16.05 / 08:29
Digital
Career
WhatsApp
2020
Schools
International
Former Tech Mahindra Vice Chairman Vineet Nayyar passes away at 85
Tech Mahindra's former Executive Vice Chairman Vineet Nayyar passed away on Thursday at the age of 85. His former colleague and friend CP Gurnani, also a former Tech Mahindra VC, took to X to share the demise of Nayyar and expressed his grief.
16.05 / 08:29
Provident
FIVE
Digital
Booking
wellness
stage
reports
Expecting double digit disbursement and loan book growth this year: Tribhuwan Adhikari, LIC Housing Finance
«We had to provide for some arrears of wage revision which is impending, almost about 32 crores, arrears for gratuity. There has been a slight change in the way we calculate gratuity,» says Tribhuwan Adhikari, MD & CEO, LIC Housing Finance. Q4 clearly has been a good quarter for you. Your NII, PPOP all look good, but there is a slight dip in your PAT as well. Help us understand what is really weighing in on the profitability, given that teething issues one was seeing around your new technical software and your organisational structure now seem to have been resolved. I would say we maintained our profit before tax of Q3 as compared to Q4. Yes, for the year the profits have been good. Nothing really weighing on the profits as such. Yes, there were some one-off expenses in Q4 which probably weighed on our net profit.
16.05 / 07:03
UPS
Digital
CEO
Racing
Strategy
Workday
pandemic
The power move of working the 5-to-9 before the 9-to-5
As a competitive rower in my long-ago prime I sometimes used a racing strategy called fly and die. Sprinting to an early lead often yielded a fast overall time, even if I couldn’t hold my torrid pace through the finish line. Some professionals take a similar approach to their desk jobs, starting their workdays with a 5 a.m.
16.05 / 07:03
markets
Provident
Digital
Platform
economy
trends
rights
Explained: What's driving increased retail participation in Indian stock market?
demat accounts and robust inflows into mutual funds. Millennials, in particular, are actively investing in equities, mutual funds and ETFs. This robust participation has been a key factor behind the unprecedented surge in Indian equities in recent years.
16.05 / 04:01
markets
Target
Digital
trends
show
track
Schools
Margin improvement will start from H2; holding on to guidance of 15% for FY25: VIP Industries MD
Neetu Kashiramka, MD, VIP Industries, says that while this year the margin will be 15%, next year, it is going to be 18%. A 2-3% improvement in gross margin and a lot will happen to reduce overheads which are quite high now. All the work will start to show results starting H2 of this year. What are the demand trends looking like given that there were lesser wedding dates during the quarter? Has that really impacted your numbers and would it really impact your outlook for FY25? Neetu Kashiramka: Overall for FY25, our outlook is 1-2% better than industry growth and industry is expected to grow around 12%. But yes, the first quarter where the wedding dates are less, it might be slightly slower. But it should recover in Q3 because a lot of wedding dates are scheduled to happen in the Q3 of this year.
15.05 / 23:45
Digital
CEO
testing
Mastercard and Standard Chartered pilot tokenised deposits
The two FS giants worked with Standard Chartered-owned Hong Kong digital bank Mox and asset tokenisation tech firm Libeara on the PoC, which took place on the Hong Kong Monetary Authority's Fintech Supervisory Sandbox.It saw the first live test of the Mastercard Multi-Token Network (MTN) used for a test scenario where a Mox client wants to buy a carbon credit to offset personal carbon usage and deposit the funds for this in their bank account.In the pilot, Mox requests Standard Chartered tokenise the desired carbon credit using Libeara. Then, through the Mastercard MTN, the client’s deposit is also tokenised and an atomic swap is initiated between the two instruments.
15.05 / 22:31
Digital
Platform
Action
Instagram
Photos
reports
Updates
Reacher season 3 release date delayed? Alan Ritchson shares major update
Alan Ritchson came bearing fruits, but not all tasted good for the fans as the latest update stands that Reacher Season 3 will be back on screens but not until next year, according to a Collider report. In an Instagram post, recently, Ritchson shared a photo that read, «The biggest name in action hits again in 2025,» followed by the series title. The period of the release points out that fans need to wait for a while and that it will take around a year since Season 2 of the series was released on digital platforms.
15.05 / 20:53
BLOCK
Digital
Platform
security
ByteDance
TikTok
recommendations
Billionaire Frank McCourt says he's putting together a consortium to buy TikTok
Billionaire businessman and real estate mogul Frank McCourt says he’s putting together a consortium to purchase TikTok’s U.S. business
15.05 / 20:03
Digital
Election
country
Interviews
More than 350 people become Indian nationals under CAA
Indian citizenship on Wednesday under the newly notified Citizenship Amendment Act (CAA), 2019. While the first set of 14 people received it in the national capital, the rest were granted nationality digitally in other parts of the country. Some of the applications were cleared even before the notification of the rules in March this year, officials said. Home secretary Ajay Kumar Bhalla handed over the certificates to the 14 people in the national capital after their applications were processed online through a designated portal, an official spokesperson said. Sources said the Election Commission of India (ECI) was intimated regarding the grant of citizenship certificates since the model code of conduct was in force.
15.05 / 20:03
markets
COST
Digital
Assurant
WhatsApp
Vodafone Idea plans to open more retail outlets: Executive
Vodafone Idea (Vi), boosted by a recent equity funding, plans to open more retail outlets across this fiscal in a bid to grow sales and improve customer stickiness, crucial for the cash-strapped telco to intensify its competition against stronger and bigger rivals Reliance Jio and Bharti Airtel. «Our objective is to get as close to the customer as possible. We want to ensure our presence in all key markets and towns. In FY25, you will see us launching more Vi shops and Vi mini stores,» Abhijit Kishore, chief operating officer, Vi, told ET over email. Vi, promoted by the Aditya Birla Group and UK's Vodafone Group, has three formats of retail outlets — Vi stores, Vi shops, and Vi mini stores. The telco is also focusing on extensive automation and digitisation to connect with consumers across touch points.
15.05 / 19:03
markets
UPS
FIVE
Digital
PAM
show
Two-wheeler makers ride high on record sales of branded spare parts
Two-wheeler makers Royal Enfield, Bajaj Auto and Hero MotoCorp posted record revenue from sales of branded, genuine parts — like brake pads, headlights and speedometer — accessories and merchandise in FY24. At their post-earnings investor calls, company executives attributed this to the market for such items becoming more organised and buyers giving preference to branded spares over non-branded ones. Additionally, a superior product mix — higher contribution of premium models in the sales mix and an expansion in the product portfolio in the aftermarket segment — also helped companies boost revenue and profitability, they said. At Hero MotoCorp, revenue from spare parts and accessories increased nearly 80% in five years to a record Rs 5,087 crore in FY24 from Rs 2,836 crore in FY19. The share of this sub-segment in the company's revenue rose to 13.6% from 8.7% in this period, show its filings. Encouraged by the growth potential, the maker of the Xpulse and Splendor motorcycles will be expanding its Global Parts Centre.
15.05 / 19:03
Provident
Digital
Platform
security
Cybercrime
information
DoT reassures telcos over data shift to Amazon Web Services
digital intelligence platform (DIP) to the servers of Amazon Web Services (AWS) from those run by state-run Bharat Sanchar Nigam (BSNL) and the Centre for Development of Telematics (C-DoT) triggered a fierce initial reaction from mobile phone companies. They seem to have backed down after the DoT told them that critical subscriber database records (SDRs) of customers won't be stored on AWS. The DIP is used to help fight cyber crimes and fraud. The Cellular Operators Association of India (COAI) had called the move «abrupt and unilateral» in a May 11 letter to DoT secretary Neeraj Mittal and telecom minister Ashwini Vaishnaw. COAI represents India's top telcos Reliance Jio, Bharti Airtel and Vodafone Idea. The carriers had added that the shift would compromise the privacy of consumers' personal data due to the inherent nature and architecture of such cloud-based solutions.
15.05 / 13:39
markets
UPS
Digital
Platform
security
country
karate
As gold rates surge, could gold loans emerge as the preferred option for borrowers?
In recent times, India has witnessed a significant surge in gold rates. As of April 19, 2024, the price of gold stood at ₹6,765 per gram for 22 karat and ₹7,380 per gram for 24 karat. This increase in gold prices has a direct impact on the borrowing habits of individuals, especially in a country like India where gold is not just a precious metal but also a cultural symbol of wealth and security.
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