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artificial intelligence benchmark group called MLCommons unveiled the results on Monday of new tests that determine how quickly top-of-the-line hardware can run AI models. A Nvidia Corp chip was the top performer in tests on a large language model, with a semiconductor produced by Intel Corp a close second.

free trade agreement (FTA), with investment negotiations set to run parallel to goods and services trade negotiations. The Economic and Financial Dialogue saw a continuation of the G20 discussion on digital payments with several countries expressing interest in India's Unified Payments Interface during G20 discussions.

Devang Mehta, Director – Equity Advisory, Spark Private Wealth, says “we have been maintaining that HDFC Bank is going to now enjoy the economies of scale. The synergies of HDFC and HDFC Bank which now becomes a sort of behemoth or a conglomerate in terms of its banking strengths as well as housing finance strengths. Both of them as they are integrated together and HDFC will benefit from lower cost of funds from HDFC Bank and get to use each other's synergies as well. ”Do you see the return of the banking names and if yes, which stocks will lead the rally?There are a plethora of factors which I was just looking at when you talk about the banking index or banking stocks. On the fundamental front, if one can argue, in 2018, in the entire banking system collectively the NPAs were roughly around 11% and now this is roughly around 4% with extremely strong credit growth, extremely strong capex, government induced capex as well as private sector induced capex.

Dipan Mehta, Director, Elixir Equities, says “it is time to be a bit cautious and let there be a time-wise correction, price-wise correction and then maybe assess whether it is worth investing in stocks. At these levels, a lot of stocks do not have margin of safety and a new earning season will start in about four weeks' time. And if there are a few negative surprises over there, then we could have an exaggerated correction as well.”Nifty has made a new high at 20,000. Where do we go from here on? Is there any amount of consolidation or profit booking that one should do or do you think this euphoria will continue in the markets?Everybody in the market has been around for a long, long time, who basically relies on fundamentals for his judgment calls, has to say that, The market has run up a bit too fast, too high and some amount of consolidation, correction will happen.

After a high amount of dollar inflows into Indian equities since March, foreign portfolio investors slowed down their purchases in August. However, the trend is unlikely to reverse anytime soon, says Rahul Bhuskute, chief investment officer, Bharti AXA Life Insurance. India’s resilient economy, its strong investments driven growth, and robust corporate profitability has attracted much of the fund allocations made by Emerging Market funds, he said. “While the pace of incremental investments by FIIs has slowed down, we definitely do not see a reversal of flows any time soon, with investors confident about the long-term potential of the Indian markets,” Bhuskute said in an interview with ETMarkets. Edited excerpts:Inflation and rate hike concerns are making a comeback both on the domestic and global fronts. Is this likely to dampen the Indian market momentum in the near term?The equity market has been willing to look through near term inflation concerns and consider them temporary, while the overall growth conditions remain buoyant and corporate earnings are robust.

“We believe that the Fed might take a pause in the September meeting and continue to remain data dependent,” says Devang Shah, Co-Head Fixed Income, Axis Mutual Fund. In an interview with ETMarkets, Shah, said: “Expectations of a slowdown have now been pushed towards the next year given the strong macroeconomic picture and markets now expect interest rates to remain elevated. The RBI may consider a rate cut cycle in April – June 2024” Edited excerpts:The market seems to be finding some resistance at higher levels – What is your take on markets at current?Considering the growth inflation dynamics, we believe that we have already seen the peak of the growth cycle and the near-term peak on inflation. A large part of the first half of government borrowing is behind us.

Sanjiv Bhasin, Director, IIFL Securities, says “there was the milestone of 20,000 and that has been breached. Now it is going to be stock and sector specific but ownership of stocks is what makes wealth and that is why one has to just stay put. So, yes, four-five names are there which can still outperform and help us enjoy the party.”You had told us just a few days ago that Nifty@20,000 is likely to happen in September and here it is.Yes, good you remembered. I told you it will come in the next week itself and it has come faster than I thought. It tells you that the feeling of missing out (FOMO) is humongous and after the huge rally we have had in power/defence/PSUs, it is the turn of the index heavyweights and this is just starting.

Anmol Garg. True enough, for his choice of specialisation, Garg may well be regarded — to use an oft-cited startup lingo – as one of the ‘category creators’ in this emerging brand of corporate comedy. Better known as ‘Corporate Babaji’, a moniker he has earned thanks to his corporate wisdom, the stand-up comic has created several viral reels on corporate life, including ‘LinkedIn Job Search’; ‘Startup Scam’ (all learning, no earning); ‘Company Loyalty’, among others. A software engineer by training and the former founder of a sales training and consulting company called Sales5X, Garg has earned a following for his sharp wit and humour on relatable topics such as office politics, full and final settlements, senior managers taking credit for other’s work, and so on.

In a regular press briefing on Monday, the US State Department official spokesperson Matthew Miller told reporters, «We absolutely believe it was a success. The G20 is a big organisation.

Reliance Industries: Reliance Retail Ventures Limited announced today that global investment firm KKR, through an affiliate, will invest ₹ 2,069.50 crore into RRVL, a subsidiary of Reliance Industries Limited. This investment values RRVL at a pre-money equity value of ₹ 8.361 lakh crore, which makes it among the top four companies by equity value in the country.

The Russian Central Bank says it may look to “mark” or “color-code” digital ruble tokens to help it track CBDC transactions.

elite jury led by Kotak Mahindra Bank founder and director Uday Kotak will meet virtually on Tuesday to pick the winners of the ninth edition of India’s most coveted prize for entrepreneurial excellence – The Economic Times Startup Awards (ETSA). Joining Kotak on the jury will be Ranjan Pai, chairman of Manipal Hospital; Shekhar Kirani, partner at Accel; Supam Maheshwari, cofounder & CEO of FirstCry; Deepinder Goyal, cofounder & CEO of Zomato; Kalyan Krishnamurthy, CEO of Flipkart group; Renuka Ramnath, founder of Multiples PE; Harshil Mathur, cofounder & CEO of Razorpay; Roshni Nadar Malhotra, chairperson of HCLTech; Satyan Gajwani, vice chairman at Times Internet; and Arjun Sethi, cofounder of Silicon Valley-based Tribe Capital, who will also be a part of the high-powered panel.

ET Startup Awards 2023 jury meeting today, the elite panel sums up what they look for in a winner. Uday Kotak shares his views on what makes a winner standout.Uday Kotak, founder and director, Kotak Mahindra Bank We are looking for people who dream that they can change the world… I look forward to creativity, enterprise and sustainability.

“We have catered to the Bengaluru ecosystem, the Indian tech ecosystem and now we want to cater to the global ecosystem with our skills, innovation and research offerings, apart from (creating) the Electronics System Design and Manufacturing (ESDM) ecosystem itself,” he told ET.

Zodia Custody, a company that helps large institutions store their crypto, launched in Singapore on Tuesday in a bid to tap into the country's rapidly growing digital asset market.

India and Saudi Arabia have agreed to expand trade and security ties, two days after their leaders and others attending a Group of 20 summit announced a new railways and port corridor deal that will link India, Middle East and Europe

Amid a continued selling trend in the crypto market,  Bitcoin's value experiences notable fluctuations. As of now, the live price of Bitcoin stands at $25,090, with an impressive 24-hour trading volume of $14.7 billion. 

Saudi Arabia on Monday said it will consider setting up an office of its sovereign wealth fund in GIFT City to facilitate investments. Saudi investment minister Khalid A. Al Falih said within the next few weeks, he would send a strong delegation to GIFT City to explore the opportunity.

₹2,069 crore through an affiliate. In 2020, KKR had invested ₹5,550 crore for the first time in the retail business, spanning grocery, consumer electronics, apparel, footwear, online commerce, and jewellery. For this transaction, RRVL had a pre-money equity value of ₹8.361 trillion, which makes it among the top four companies by equity value in India, said Reliance Industries Ltd (RIL) in a filing to exchanges on Monday.

NEW DELHI : India and the UK have launched an infrastructure financing bridge to plan and implement major infrastructure projects, finance minister Nirmala Sitharaman said on Monday. The two countries have also agreed to conduct investment negotiations in parallel with the goods negotiations to conclude their free trade agreement (FTA) talks.

NEW DELHI : The global proliferation of digital public infrastructures (DPIs) can be part of India’s soft power projection, in turn helping “increase our influence" around the world, said Ram Sewak Sharma, former chief executive of the Centre’s National Health Authority (NHA). In an interview on the sidelines of the first Digital Public Dialogues, a government-backed discussion forum in Delhi on Monday, Sharma underlined the importance of DPIs, which were a part of India’s agenda during its G20 presidency that concluded on 10 September. “China has a huge amount of money, which can be used to influence global stakeholders.