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India is collaborating with «friendly» countries on leveraging Artificial intelligence for enhancing defence capabilities, the head of the Defence Research Development Organisation (DRDO) said on Thursday. Speaking to ANI, Samir V Kamat explained that India is working with other countries on developing tools as well as fundamental research in improving the algorithm which goes into AI. Talking about the applications of AI in the defence sector, the DRDO chief said that Artificial Intelligence helps in preventive maintenance, surveillance and cyber security. «It is playing an increasing role in the offensive action. It is a technology which is going to make a big difference not only in improving the performance of the military but also in its efficiency,» he said. When asked whether India is working with other countries on leveraging AI to enhance defence capabilities, Kamat said: «We are working in collaboration with countries which are friendly to us.

A team of veteran financial advisors who previously managed $420 million in client assets at Merrill Lynch have become wirehouse breakaways and launched their own independent firm.

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ALSO READ: Gujarat, Kerala, Karnataka, TN best performing states in startup promotion He added, "If you don’t know how to do money management/ you are not disciplined, then markets are not for you," and added, "I don’t know how to recover from failure everywhere." On receiving an account closure request, Zerodha mailed Kartik, and said, "This request will be processed at our end within 72 hours. While this request is under processing you will not be able to login to our platforms.

Also Read: IRFC, RVNL, and Mazagon Dock jump up to 13% to their respective new highs; gave multibagger returns in last 1 year Amid this backdrop, multiple PSU companies saw their market capitalisation crossing a significant ₹one lakh crore level. Currently, 17 PSU companies boast a market capitalisation above ₹one lakh crore, and eight of them joined this club in the past year. These companies include IRFC, Bharat Electronics, Bank of Baroda, REC, Punjab National Bank, Union Bank of India, Power Finance Corporation, and Hindustan Aeronautics.

Ramkrishna Forgings Ltd on Thursday posted a 43 per cent rise in consolidated net profit to Rs 86.86 crore during the December quarter on the back of higher income. The company had posted a net profit of Rs 61.04 crore in the year-ago period, the company said in an exchange filing. The company's total income in the third quarter of the current fiscal also rose to Rs 1,059.32 crore from Rs 778.22 crore in the year-ago quarter.

Anand Mahindra, showered praise on the recently released film '12th Fail,' directed by Vidhu Vinod Chopra and starring Vikrant Massey in the lead role. Mahindra not only commended the film's plot but also highlighted the exceptional acting and narrative style that, in his words, make it a must-watch for the year. The chairman, known for his astute observations, began by urging his followers to choose '12th Fail' as the one film to watch this year.

In adherence to its ‘Skill India’ commitment, Airbus has formed a 50:50 joint venture with Tata-owned Air India, marking a significant stride in launching a world-class pilot training center in Gurugram, Haryana.

Motilal Oswal Asset Management Company has announced the launch of its latest investment offering — the ‘Motilal Oswal Large Cap Fund’.

Investing.com-- Taiwan Semiconductor Manufacturing Co (TW:2330) (NYSE:TSM) logged a smaller-than-expected decline in its fourth-quarter profit as revenue was buoyed by increased sales of its most advanced chips.

Small-cap stock under ₹100: Star Housing Finance shares are one of those small-cap stocks of the Indian stock market that are priced below ₹100. the NBFC stock has remained under base building mode for the last one month. However, after the declaration of Q3 results 2024, Star Housing's share price has signaled to come out of this base building mode.

When HDFC Bank announced a merger with housing mortgage leader HDFC Ltd last year, signalling the biggest merger in the Indian financial sector, the near- and medium-term challenges of pulling it off was clear to everyone. Or it should have been to analysts and investors. On Wednesday, the HDFC Bank stock fell by over 8%, the highest single-day slide in the past three years, dragging down the benchmark Nifty index by over 4 %.

In the dynamic field of AI and large language models (LLMs), recent advancements have brought significant improvements in handling multi-round conversations. The challenge with LLMs like ChatGPT is maintaining generation quality during extended interactions, constrained by the input length and GPU memory limits. LLMs struggle with inputs longer than their training sequence and can collapse if the input exceeds the attention window, limited by GPU memory

In a landmark decision, Próspera ZEDE, a special economic zone in Roatán, Honduras, has officially adopted Bitcoin (BTC) as a unit of account. This significant move, announced on January 5, 2024, by Jorge Colindres, the acting manager and Tax Commissioner of Próspera ZEDE, marks a substantial step forward in the integration of cryptocurrency into mainstream financial systems​​​​.

₹19 month-month (m-o-m) to ₹359 a bag, said an analyst from Nomura Financial Advisory and Securities (India) after interacting with dealers recently. This means healthy prices seen in October and November have failed to sustain as weak demand conditions have led to partial rollbacks. Unseasonal rainfall in Tamil Nadu caused by cyclone Michaung in December end, delayed infrastructure spending by state governments in key markets of Kerala, Telangana and Karnataka and labour unavailability have weighed on the region’s demand growth and consequently, prices.

Reliance Industries will post its quarterly earnings report card on Friday. The expectations from Reliance Industries' consolidated December quarter performance remains a mixed bag with the Oil to Chemical (O2C) segment likely to see some pressure. The consumer-oriented retail and Jio (telecom segment) may see a steady quarter, and partially offset the weakness in Oil to Chemicals business.

HCL Technologies delivered robust Q3FY24 results, by far the best among the “Big Four" Indian information technology (IT) services companies. The company reported a 6.0% sequential revenue growth in constant currency (CC) terms, surpassing market expectations, to hit $3.4 billion. This growth was fuelled by a significant 34% quarter-on-quarter (QoQ) increase in HCL Software (Products & Platforms).

₹6,103.40 apiece in today's trade. This uptick in shares was in response to the company's strong performance in Q3 FY24. On Wednesday, the company released its Q3 FY24 earnings post market hours, reporting a 69% jump in its consolidated net profit to ₹741 crore.

growth in earnings for the quarter ended December. However, the growth in both topline and bottomline is expected to be in single digits because of a weak show by the oil-to-chemicals (O2C) business. Meanwhile, numbers across parameters are expected to drop sequentially mainly because of the O2C vertical. Consolidated revenue of RIL is likely to rise 5% YoY to Rs 2.31 lakh crore, but fall about 2% sequentially, according to the average of estimates given by nine brokerage firms. Consolidated net profit is expected to grow 9.3% YoY to Rs 17,257 crore, but drop nearly 1% sequentially. Earnings before interest, taxes, depreciation and amortization or EBITDA is expected to increase 4% YoY to Rs 40,030 crore, but fall sharply by 11% sequentially. The toy-to-telecom conglomerate is scheduled to release its earnings after market hours on Friday.

India smartphone market remained stable in 2023 as shipments minorly fell 2% to 148.6 million units, according to the latest data released by Canalys on Thursday. The research firm now expects a mid-single-digit growth this year driven by affordable 5G handsets and the pandemic period replacement cycle, however, rising bill-of-materials may become a challenge.

HUL) is expected to report muted numbers for the quarter ended December in the backdrop of weak volume growth, price cuts, and rising advertising costs. India’s bellwether in the fast-moving consumer goods sector is expected to report a 6% year-on-year (YoY) growth in net profit to Rs 2,653 crore, on the back of a moderate 1% growth in revenue to Rs 15,378 crore, the average of estimates given by 13 brokerages showed. Sequentially, the bottomline is seen falling 2.4%, while the topline growing at a moderate 0.7%.