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CE Info Systems Ltd., the owner of MapmyIndia, hit a 20 percent upper circuit on Thursday's trading session after Goldman Sachs began coverage with a 'buy' rating and a price target of ₹2,800, indicating a potential 40 percent upside from the stock's last closing price.Goldman Sachs believes that CE Info Systems is well-positioned to capitalize on its early leadership in rapidly growing markets. The domestic navigation company holds over 80 percent of the market share in automotive OEM navigation software.The research firm also noted that the emerging mobility business presents a larger opportunity than the core automotive business.The corporate and government markets offer significant growth opportunities for the company.

“Kuch to gadbad hai, Daya (Something is certainly amiss, Daya)!" ACP Pradyuman may have drawn inference to the murky world of financial influencers across social media in the reel world if ‘CID’ was tasked to investigate the labyrinthine world of online stock trading advice, where the rules are blurred and profits beckon. However, in the real world, he is as much a part of the systemic rot, wittingly or unwittingly, as he shares screen space with ‘Captain Cool’ Mahendra Singh Dhoni in promoting a popular platform offering futures and options subscriptions by Securities and Exchange Board of India (Sebi)-registered analysts (RAs).

chemical companies are expected to realign their capital allocation requirements. Large companies in this sector have softened their near-term stance on capex. SRF Ltd has targeted ₹2,000-2,100 crore of capex in FY25 after spending about ₹3,000 crore in FY24.

One of the founders of OpenAI who was involved in a failed effort to push out CEO Sam Altman says he’s starting a safety-focused artificial intelligence company

₹800 crore and an Offer of Sale (OFS) of 1.36 crore equity shares by promoters and current shareholders.The proceeds of the new issuance will be used to pay off debt and for other company purposes. In the OFS, the selling shareholders are Satish Ramanlal Mehta (up to 1,730,000), Sunil Rajanikant Mehta (up to 40,000), Namita Vikas Thapar (up to 1,408,600), Pushpa Rajnikant Mehta (up to 1,150,000), Bhavana Satish Mehta (up to 531,400), Kamini Sunil Mehta (up to 125,000), BC Investments IV Ltd (up to 7,234,085), Arunkumar Purshotamlal Khanna (up to 300,000), Berjis Minoo Desai (up to 144,642), and Sonali Sanjay Mehta (up to 125,000).The book-running lead managers for the offer are Kotak Mahindra Capital Company, Jefferies India, Axis Capital, and JP Morgan India.

The U.S. inflation rate tumbled from June 2022 to June 2023. It was no slide down the Phillips curve of the sort that textbooks attribute to tighter monetary policy.

Specialty chemicals platform Distil has raised $3.1 million in a seed funding round led by Jungle Ventures and India Quotient, with participation from other investors and operators. This marks Jungle Venture’s first seed investment in India since the launch of its First Cheque@Jungle, a programme which aims to invest at least $2 million in early-stage startups from idea to seed stage, according to a statement on Thursday.

In 1991, the Indian government articulated a ‘Look East’ policy to build extensive economic and strategic relations with its eastern neighbours and Southeast Asia. This was different from the traditional ‘West facing’ outlook, in which we looked to learn from Europe and North America. With the age of AI upon us, India is considering how it should both foster and regulate this powerful new technology which can reshape industry, society and geopolitics.

Magda Chambriard has been sworn in as the head of Brazil’s state-run oil giant Petrobras as market concerns of increased government intervention in the company mount

OpenAI's co-founder and former chief scientist Ilya Sutskever said on Wednesday that he was starting a new artificial intelligence company. The company is focused on creating a safe AI environment at a time when some of the biggest tech companies are looking to dominate the generative AI boom.

Rishi Sunak's Conservatives at a July 4 election, forecasting the Labour Party would comfortably win a large majority after 14 years in opposition. Polling by YouGov showed Keir Starmer's Labour was on track to win 425 parliamentary seats in Britain's 650-strong House of Commons, the most in its history. Savanta predicted 516 seats for Labour and More in Common gave it 406.

JP Morgan announced the inclusion of Indian government debt in its emerging markets index, the incremental ownership of sovereign bonds by foreign portfolio investors has climbed more than $10 billion, with purchases topping the billion-dollar threshold so far this month. As of June 18, the indicative value of aggregate FPI holdings in Fully Accessible Route (FAR) government bonds was at ₹1.79 lakh crore, having registered an increase of ₹84,105.70 crore (around $10.01 billion) from September 22, 2023 — the day JP Morgan announced India's index inclusion, Clearing Corporation of India (CCIL) data showed.

Private lenders surged in choppy trading on Wednesday helping the Bank Nifty index cross the 51,000-mark for the first time, bolstered by liquidation of bearish derivative bets. The index comprising nine private and three state-owned lenders hit an all-time high of 51,957 before closing at a record 51,439.9, up 2% over Tuesday. The Sensex ended 0.1% higher, while the Nifty fell 0.2% after shuttling between gains and losses.

Deposit Insurance and Credit Guarantee Corporation (DICGC) will need to increase its reserve ratio, proactively manage its treasury and upgrade its digital infrastructure to have sufficient resources to meet its future payment obligations, a research paper in the RBI bulletin said. The DICGC which has completed 60 years of operations makes payment of claims to depositors of banks that are liquidated or placed under RBI directions. It also provides funding in matters of approved mergers of weak banks with strong ones. The total authorised capital of the DICGC is ₹50 crore, fully subscribed by the RBI.

powered by its Gemini LLM, can also pull off similar features on Android smartphones that natively support its AI models.Industry stakeholders believe that the move can lead to new gadget ecosystems and product styles. Kashyap Kompella, AI industry analyst and founder of consultancy firm RPA2AI Research, said that the rise of generative AI voice interfaces could play a role in commercially available robots.

California. Researchers from the Chapman University’s Centre for Demographics and Policy have been tracking home prices in 94 English speaking metropolitan cities of the world. Report:

ozone layer may be depleted by internet satellite networks like Elon Musk's Starlink. According to researchers from the University of Southern California, the ozone layer may be harmed by the large amount of aluminum oxide gas that SpaceX's Starlink satellites emit into the atmosphere. Because it shields humans from the Sun's harmful UV radiation, which can cause skin cancer and hurt crops and food supply, the ozone layer is essential. As per the reports of NDTV, there are more than 8,000 internet satellites in low-Earth orbit. New concerns about satellite impact

Onions do surely make you shed some tears when you peel them. However, recent research has indicated that it has its own health benefits and is also quite popular in the US. Research from the New Mexico State University’s College of Agricultural, Consumer and Environmental Science indicate that it is the third most popular vegetable in the US and Americans consume 350 semi-truck loads of them every day. There are different varieties of onions but the most popular ones include yellow onions, red onions, white onions, pearl onions, shallots, scallions, sweet onions and Spanish onions. Adding onion to your daily dietary habits has its own advantages. This has been reported by the USA Today.

Semiconductor companies in India are accelerating their focus on campus engagement and building up fresh talent, even as the industry struggles with a lack of skilled professionals. Companies like Intel India, AMD, Applied Materials and Tessolve are teaming up students and employees to work on real-life projects, establishing labs in institutes like IIT-Bombay, driving industry-academia partnerships to conduct research in core design and AI training and sponsoring students pursuing research. Last month, AMD India launched a summer scholar programme for engineering graduates, under which 14 students from the Indian Institute of Science and the IITs of Madras, Bombay, Hyderabad, Kharagpur and Delhi are undergoing a 6-to-8-week residency programme at the company’s India R&D centres.

Silver prices also climbed Rs 100 to Rs 91,400 per kg. It had ended at Rs 91,300 per kg in the previous session.

China’s securities regulator plans to step up oversight on companies listed on the Star Market, the country’s Nasdaq-style tech board, as part of reform measures to contain market volatility. The China Securities Regulatory Commission said Wednesday that it will enhance oversight on all companies listed on the Shanghai Science and Technology Board, or the Star Market, under the Shanghai Stock Exchange. The regulator said it will prioritize supporting companies with innovative and cutting-edge technologies in listing on the board.