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connected vehicles is likely to spur demand for embedded sims (e-sims) by as much as 3 million over the next 12-18 months. This, industry experts said, would drive growth in enterprise business for telecom operators. Experts predict the widespread adoption of e-SIMs in automobiles will quadruple the demand for semiconductor chips by 2025. “We believe that the number of OEM (original equipment maker) fitment connected vehicles could increase by around 2-3 million over the next 12-18 months,” a spokesperson for Bharti Airtel said, adding that demand for e-sims is led by manufacturers’ focus on launching internet-enabled vehicles with connectivity and smart features at the core of the product offering. Currently, the e-sim market for telcos is just less than 1% of enterprise revenues of telcos, according to industry estimates.

Companies in the electric vehicle (EV) space are a complete outlier even as the startup sector in general is facing a hiring and funding slowdown.With India’s push towards sustainability and clean energy, EV startups are attracting investments to fund their expansion plans, including workforce ramp-up, at least half a dozen experts at startups and recruitment services firms told ET.

As Bitcoin's volatile movement continues, recent market activities have seen the pioneering cryptocurrency tumble below the crucial $27,000 support level. 

By Luc Cohen

MUMBAI : Indian stocks extended their decline to a third straight day, dropping nearly 1% following the US Federal Reserve’s hawkish stance on interest rates. The expectation of prolonged elevated rates in the US has deepened concerns about a global slowdown, making equity markets jittery worldwide. The National Stock Exchange’s benchmark Nifty index, which has lost 1.45% in the past two sessions, ended 0.8% lower at 19,742.35 on Thursday.

Pirola variant. This variant, also referred to as BA.2.86 and has been linked to at least 37 new cases in England, as reported by The Independent on September 17. Fortunately, these cases have led to a total of seven hospitalizations but, fortunately, no fatalities, according to the news outlet. The UKHSA has noted that 28 of these cases were identified as part of an investigation into an outbreak within a care home in the eastern part of the country. As Pirola, the new mutation of Omicron strain of Covid-19, worries health experts, the UK's National Health Service (NHS) has asked senior citizens above age 65 to immediately get their top-up booster jabs. People aged 65 and over in England are being urged to get a top-up booster vaccine against Covid at a time when more people are coming into hospitals with the highly-mutated BA.2.86 virus, reports the BBC. The vaccines will soon be provided for free to more vulnerable groups. «Hundreds of thousands of adults who are eligible for winter vaccines — including all aged 65 and over, pregnant women and those with an underlying health condition — will also begin receiving invitations from the NHS to encourage them to get their Covid and flu jabs from this week,» NHS said in a statement late on Monday. According to the report, Covid hospital admissions are now at the highest rate since the end of April, at 4.6 per 100,000 people. That is still below the level reached last winter. The hospital admission rates remain highest among people aged 85 and over, followed by 75 to 84-year-olds.

The CTC promised to this engineer included all perks, benefits and restricted stock units. There are thousands of such job seekers, including many from top-tier engineering and management institutes, who have fallen victim to what market experts call a «fresher glut» created by a spike in the talent pool of young professionals — freshers and those with one to two years of experience. This pool has swelled this year with a higher-than-usual number of candidates from the 2022 batch of engineers and B-school graduates already looking out for a job change in sectors such as consulting, IT services and startups, adding to those freshers from the 2023 batch whose final offers have been delayed or revoked. Nearly 45% candidates from the 2022 batch are currently in the job market, according to data from HirePro, compared with around 25% in a normal year, as an uncertain macroeconomic environment globally forces companies to cut jobs and tighten recruitments as part of efforts to reduce cost. «Our estimates suggest nearly 20-30% of the offers from the 2023 batch are delayed or revoked,» said Pasupathi. «This means the 2022 batch is already competing with the 2023 batch.

National Highway Authority of India (NHAI) inaugurated a 244 km stretch of Delhi-Mumbai Expressway between Jhabua of Madhya Pradesh to Modak of Rajashtan, near Jhalawar, on Wednesday i.e September 20, 2023. The new stretch of the expressway is passing through Madhya Pradesh covering several districts in the western region. This new road connectivity for the state passing through Jhabua, Mandsaur and Ratlam districts in Madhya Pradesh, connecting major cities, including Garoth, Jaora, Ratlam, and Thandla will open a direct conduit to New Delhi, the national capital and, Mumbai, the financial capital of the nation, the Times of India reported.

L'Oreal on Thursday announced its entry into the Indian dermocosmetic market and said it has introduced L'Oreal Dermatological Beauty (LDB) in the country. LDB, a new division for the Indian market will bring products to dermatologists, patients, and consumers, a company statement said. It will start its journey in India with CeraVe, a leading dermatologist-recommended skincare brand in the US market.L'Oreal India Managing Director Aseem Kaushik said the entry is significant for India where the ratio of dermatologists to consumers is one of the lowest in the world (0.7 dermatologists for every 1,000 people). «We believe everyone deserves access to expert dermatological care and effective skincare solutions.

Reserve Bank of India (RBI) in its September bulletin and expressed concerns over the share of net financial assets by households in GDP declining to 5.1% in FY23 and 7.2% in FY22 from 11.5% in FY21. In absolute terms, net household financial savings added, stood at ₹22.8 trillion in FY21 and it came down to ₹16.9 trillion in FY22 and to ₹13.75 trillion in FY23. The ministry said that in spite of the trend of adding less financial assets to their portfolio than in the year before, it is important to note that households' overall net financial assets are still growing.

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Nifty ended Thursday’s weekly expiry 159 points lower to form a long bear candle with an unfulfilled opening down gap on the daily chart. Technical analysts say sharp reversals with more gap-up or gap-down moves indicate that the trend could continue longer. The next important support to be watched is around 19,550 levels, which is a weekly 10-period EMA.

bullish trend. On September 20, several midcap companies garnered attention by crossing their 20-Day SMA, hinting at potential positive developments. Let's explore the performance of these stocks.

small-cap stocks hit their all-time highs. This surge in stock prices is indicative of strong market sentiment and robust performance by these companies. The data was sourced from StockEdge at 3:15 p.m., and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken.

Relative Strength Index (RSI). In this article, we'll unravel the importance of RSI and delve into 10 stocks whose RSI trends were down on September 20, as reported by StockEdge. The Relative Strength Index (RSI) is a valuable momentum indicator used in technical analysis. It measures the speed and change of price movements and is scaled from 0 to 100.

Nifty IT index has been in the green since May this year on a monthly basis but concerns are growing that if interest rates in the US stay high for a longer than expected period, it will impact the Indian IT stocks. An aggressive Fed is bad news for economic growth in the US and a weakness in the US economy is bad news for Indian IT companies because of their high exposure to the US market. Even though the US Fed maintained a pause on interest rate hikes, on expected lines, its hawkish tone appears to have spooked markets and the Nifty 50 suffered a loss of almost a per cent in intraday trade on Thursday.

Leading AI research entity, OpenAI, creator of ChatGPT, has unveiled plans for its debut developer conference, OpenAI DevDay, set for November 6, 2023, in San Francisco. This move marks a pivotal moment for the AI sector, presenting a stage for global developers to unite, exchange ideas, and collaborate with OpenAI's expert team.

Origin Energy’s largest investor, AustralianSuper, says the company’s share price is “substantially below” its long-term value estimate, suggesting that Brookfield and EIG will need to increase their $18.7 billion takeover offer to secure the energy giant.

immigration process. He also assured there is no reason for Indians living there to fearful about the political development, and advised them to continue their lives as usual. Rajiv S.

₹83.13-83.18 to the US dollar. But this must be seen in a broader perspective. In 2022, the rupee saw an 11% slide, plunging from ₹74.21 to ₹82.61 by year's end – the most significant drop since 2013.

Bonus shares effect: A long term investors not just gain from stock price appreciation but from other rewards like dividend, bonus shares, stock split, buyback of shares, etc. At one look these rewards that a listed company announces from its capital reserves may not look attractive but in long term these rewards lead to whopping return in one's long term shareholding. Those who believe in examples, they can look at Mitsu Chemplast shares.