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leadership, a key recommendation was to develop a common regulatory framework for generative artificial intelligence (AI)—a nascent field of technology finding adoption across various industries and governance—said N. Chandrasekaran, chairman, Tata Sons and chairperson of B20 India. Speaking at a press conference ahead of the three-day B20 India Summit, Chandrasekaran said, “Digital transformation by adopting AI at a scale is one of key objectives of this summit.

NEW DELHI : Industries such as refineries and fertilizer makers may soon have to follow a green hydrogen consumption mandate, with the ministry of new and renewable energy (MNRE) set to approach the union cabinet with a proposal. Addressing the BloombergNEF Summit here, minister for new and renewable energy R.K. Singh said talks are still underway on the green hydrogen consumption mandate level, which is yet to be decided.

By Abigail Summerville

Nvidia's (NASDAQ:NVDA) latest quarterly earnings, unveiled last night, were nothing short of a thrilling surprise, exceeding already high expectations by a significant margin.

Airline supplier Spirit Aerosystems says it’s aware of a quality issue involving elongated fastener holes on the aft pressure bulkhead on certain models of the 737 fuselage it produces

Stocks are slipping on Wall Street, despite a blowout profit report from one of its most influential companies, after a couple mixed reports on the U.S. economy

Applications for unemployment benefits fell again last week as America’s labor market continues to hum along despite attempts by the Federal Reserve to cool the economy and bring down inflation that’s still higher than optimal

Kaynes Technology on Thursday announced plans to set up a semiconductor assembly parts, testing facility and printed circuit board (PCB) unit on the outskirts of Mysuru. The company MD Ramesh Kannan signed an MoU with Industries Commissioner Gunjan Krishna in the presence of Chief Minister Siddaramaiah and IT/BT Minister Priyank Kharge's presence.

By Ahmad Ghaddar

reliance on imported chips and strengthen domestic manufacturing to better compete with China. Meeting those goals will hinge not only on drawing the world’s biggest chip manufacturers to the U.S., but also recruiting and developing the technical expertise to build and operate the new plants. In Arizona, however, construction has been delayed by a shortage of skilled workers, TSMC says, and it is seeking to bring in workers from Taiwan to get construction back on track.

₹17,000 crore for the production of green hydrogen and the manufacturing of electrolyzers. The minister said that manufacturing capacity of 5.8 million tonne green hydrogen is already in different stages of installation in the country and the "low cost" of renewable energy in India would lead to production of the cheapest green hydrogen globally.

1. Hindalco IndustriesHindalco Industries, a prominent aluminium and copper producer, closed at Rs 461.25 on August 23, surpassing its 20-day SMA of 455.37.2. Cholamandalam Investment and FinanceCholamandalam Investment and Finance, a well-known non-banking financial institution, achieved a closing of Rs 1086.45 on August 23, exceeding its 20-day SMA of 1075.2.3. Maruti Suzuki IndiaMaruti Suzuki India, a renowned automobile manufacturer, reached a closing of Rs 9600.95 on August 23, above its 20-day SMA of 9538.69.4. Power Grid Corporation Of IndiaPower Grid Corporation of India, a vital player in power transmission, closed at Rs 249.6 on August 23, surpassing its 20-day SMA of 248.5. SBI Life Insurance CompanySBI Life Insurance Company, a major insurance player, achieved a closing of Rs 1300.25 on August 23, exceeding its 20-day SMA of 1294.64.6. TVS Motor CompanyTVS Motor Company, a leading two-wheeler manufacturer, closed at Rs 1355.3 on August 23, slightly above its 20-day SMA of 1353.3.7. Jindal Steel & PowerJindal Steel & Power, a significant player in the steel and power sectors, reached a closing of Rs 660.75 on August 23, surpassing its 20-day SMA of 660.09. (Disclaimer: This is an AI-generated article.

Boeing has recently identified a new 737 MAX quality problem involving supplier Spirit AeroSystems that has resulted in improperly drilled holes on the aft pressure bulkhead, the planemaker said on Wednesday. Boeing said the defect will delay near-term deliveries and the company is evaluating whether it could cause it to miss its annual delivery target of at least 400 737s this year. Boeing shares were down 2.7% and Spirit shares fell 6.1% in afterhours trading. The new supply-chain snag is the latest issue to impede deliveries of the cash-generating MAX following Boeing's disclosure of a problem in April that Spirit had improperly installed brackets joining the aft fuselage to the vertical tail. Boeing confirmed that the latest issue will delay the first MAX 8 delivery to Malaysia Airlines, which had scheduled an Aug.

Nvidia Corp. shares were set to hit a record high in early trading after the chipmaker at the forefront of an industrywide artificial intelligence race delivered a third-straight sales forecast that surpassed Wall Street estimate.

RBI) estimate of 8%, economists said. Economists at SBI, the country's largest lender, have pegged India’s economic growth for the June 2023 quarter at 8.3%. They expect total FY24 growth to be higher at 6.5%.

₹20,000 crore market cap in last one week, reports Bloomberg. The Bloomberg report said that these 13 space and defence stocks have added over $2.50 billion (more than ₹20,000 crore) in its market cap in last one week. Those 13 Indian stocks that benefitted from successful soft landing of Chandrayaan-3 on moon includes Linde India, Centrum Electronics, Hindustan Aeronautics Ltd or HAL, Bharat Heavy Electricals Ltd or BHEL, Bharat Electronics Ltd or BEL, Larsen & Turbo or LT, Avantel, Paras Defence and Space Technologies, MTAR Technologies, Walchandnagar Industries, etc.

reliance on coal continues to be the largest contributor to India's greenhouse gas emissions. BloombergNEF's analysis reveals that the most cost-effective strategy for India to simultaneously enhance electricity access and decarbonize its power supply is to maximize the deployment of solar and wind energy. This approach, supplemented by nuclear power, energy storage, and carbon capture and storage (CCS) for thermal power plants, offers a sustainable solution.

generic drug names faces execution challenges, said Fitch Ratings in a report on Thursday. The report said that a sizeable erosion in branded generics sales share will affect Indian pharma companies’ profitability, as sharply lower average prices will outweigh potential benefits from lower marketing costs. «Even so, we think the new guidelines are unlikely to trigger an immediate shift away from branded generics,» it said. According to Fitch, the domestic pharmaceutical market is mainly a ‘branded generics’ market in which pharma companies sell off-patented drugs under their own brand names with varying prices among competitors. «Branding and marketing activities remain important in pharma companies’ sales strategy, considering less stringent quality and testing standards than other regulated markets such as the US.

Once again, the low cost of Chandrayaan-3 is being highlighted by comparing it to movies. At nearly $75 million, it is cheaper than 2014 sci-fi movie 'Interstellar' and even the recent Bollywood movie 'Adipurush' which cost slightly more than the mission.

Nifty Midcap stocks to new 52-week highs on August 24 reflects strong market optimism and growth potential across various sectors. This surge in stocks, including Shriram Finance, Mphasis, and Bharat Forge signifies the resilience and potential for growth within these companies. The data was sourced from StockEdge at 2.20 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.1. APL Apollo TubesAPL Apollo Tubes achieved a noteworthy feat by hitting a new 52-week high of Rs 1663.9 on August 24.

Pyramid Technoplast Solutions will likely be finalised on August 25. Investors will get shares on a lottery basis and the whole process will be supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.