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Home Depot’s sales continued to soften in the first quarter as the nation’s largest home improvement retailer not only was constrained by high mortgage rates and customers dealing with inflation concerns, but it also had to deal with a delayed start to...

Melinda French Gates is already one of the biggest philanthropic supporters of gender equity in the United States

H.E. Dr. Noura Khamis Al Ghaithi, Undersecretary of the Department of Health – Abu Dhabi

The hash rate of the Bitcoin network has experienced a significant decline as mining firms are shutting down unprofitable mining rigs following the fourth Bitcoin halving.

Cyber-Physical Systems (TIPS 4.0), a bi-annual event, was conducted by the Department of Science and Technology (DST) under the aegis of the National Mission on Interdisciplinary Cyber-Physical Systems (NM-ICPS). The event, held on 13–14 May 2024, was hosted by the Technology Innovation Hub for IoT & IoE (TIH-IoT) at IIT Bombay. It witnessed the participation of 48 deeptech startups and a promising investment commitment towards 44 innovative startups. Shireesh Kedare, Director – IIT Bombay, addressed the gathering, followed by Abhay Karandikar, Secretary, DST. The inaugural session concluded with the remarks of Ekta Kapoor, Mission Director – NM-ICPS and Head of FFT Division, DST. Abhay Karandikar, Secretary, Department of Science and Technology (DST), said in a statement, “This is the first time that TIPS featured deeptech startups taking centre stage to present their work to potential investors, while their supporting Technology Innovation Hubs showcased their developments and progress in the workshops. This milestone demonstrates significant progress towards our mission, as we continue to foster lab-to-market opportunities to support deeptech innovators in our nation.”

De Beers Group’s wholly-owned lab-grown diamond jewellery brand, Lightbox Jewelry, today announced a permanent price reduction to as low as $500 per carat, from a previous price of $800 per carat, for the brand’s Standard range of lab-grown diamonds. The price reduction follows months of testing lower prices and researching the lab-grown diamond jewellery sector. The brand will now have three linear price points – $500 per carat for IJ colour stones, $600 per carat for GH colour stones and $900 per carat for the highest quality stones of DEF colour, reduced from $1,500 per carat. All stones have a guaranteed minimum ‘very good’ cut and VS clarity, with the DEF stones to feature ‘excellent’ cut. Sandrine Conseiller, Chief Executive Officer of De Beers Brands, said: “The wholesale prices of lab-grown diamonds in the jewellery sector continue to decline, and we are pleased to pass on these savings to our customers. These lower prices will ensure that the brand remains competitive within this fast-evolving sector, while continuing to offer high quality lab-grown diamonds produced with 100 per cent renewable energy. Lightbox has always been committed to linear pricing, reflecting the linear cost of production, and to being transparent about what lab-grown diamonds are – and just as importantly – what they are not.

April, mutual funds bought stocks of Rs 32,800 crore. Across the industry, the key additions were Kotak Mahindra Bank, Axis Bank, and Bharti Hexacom, while the key reductions were State Bank of India, Jio Financial Services, and Bajaj Finance, according to Mutual Fund Insight by Nuvama Alternative & Quantitative Research.

Analysts at the research and consulting firm decided to remove the 'A rating' from the PIMCO fund and the ‘Positive Prospect' rating from the abrdn fund in its Academy of Funds rebalancing for April. Geraldine Sundstrom will depart from PIMCO at the end of May, leaving the management of the multi-asset fund to co-managers Erin Browne and Emmanuel Sharef, alongside the wider asset allocation portfolio management team. Square Mile noted that despite the firm's «strong resources» and team approach, the fund's rating was largely predicated on Sundstorm's experience of managing dynamic mul...

Stocks to buy: In the aftermath of the recent downturn in the Indian stock market, many quality stocks, despite their strong fundamental and technical perspectives, experienced profit-booking. This situation presents an opportunity for investors, as these stocks are expected to generate alpha returns when the Indian stock market bottoms out.

Also Read | From AI Voice assistant to ChatGPT's phone call feature: Expected announcements from OpenAI's Spring Update event today Although GPT-4o is available to everyone, free users are allowed only a limited number of interactions. ChatGPT Plus subscribers can send five times as many queries, ensuring that heavy users do not face restrictions during peak usage times. Also Read | Apple and OpenAI finalizing terms for bringing ChatGPT to iOS 18: Report After the rollout of GPT-4o, server demand remains high.

nation's GDP and approximately 45% to India’s total exports. With the government's pro-SME policies, including easier loans through the Mudra Scheme, tax benefits, and initiatives like ODOP & PLI scheme, the future looks even brighter. This presents accredited investors with an opportunity to make exponential gains by investing in SME companies.

Lok Sabha election 2024: India VIX, also known as the Indian Volatility Index, is a measure of the market's expectation of volatility over the near term. Today, it continued its uptrend and touched a new 52-week high of 21.88.

OpenAI on May 13 showcased its latest AI model, GPT-4o, with a demo featuring voice interaction across text and images. This could keep the company "ahead of the race" in the global artificial intelligence landscape, Reuters reported. The GPT-4o boasts advanced audio capabilities, allowing users to engage in real-time conversations without delays and even interrupt the AI during its speech—a significant milestone in replicating natural human interaction, the report said.

Having displaced the US, China is back in the top spot as India’s biggest trade partner, with bilateral trade hitting $118.4 billion in fiscal 2023-24, according to Global Trade Research Initiative data. This was made up of $101.7 billion in imports by India, up 3.2%, and $16.7 billion in Indian exports, up 8.7%.

Stock market today: Despite a downturn in morning session, the Indian stock market showcased its resilience by demonstrating a significant recovery, closing higher on Monday. The Nifty 50 index concluded 48 points higher at 22,104, while the BSE Sensex ended 111 points higher at 72,776. The Bank Nifty index surged 333 points and settled at 47,754.

Sensex gained 111.66 points, or 0.15%, to close at 72,776.13, while the Nifty 50 settled 48.85 points, or 0.22%, higher at 22,104.05. Nifty 50 formed a ‘Bullish Hammer’ candlestick pattern on the daily chart, which indicates short term bullish trend reversal. Also Read: Indian stock market: 7 key things that changed for market overnight - Gift Nifty, India inflation to GameStop rally “Hence, a move above Monday high could lead to positivity in the near term.

ChatGPT maker OpenAI said on Monday it would release a new AI model called GPT-4o, which reasons across voice, text and vision. OpenAI's chief technology officer, Mira Murati, said during a livestream event that the new GPT-4o model would be offered for free because it is more efficient than the company's previous models.

Cambridge Investment Inc.’s new registered investment advisor business, BridgePort, is taking its first steps into the red-hot buyers’ market of wealth management firms by offering a minimum investment of 20% of the seller’s firm, according to industry sources familiar with Cambridge’s strategy.

Melinda French Gates announced Monday that she will step down as co-chair of the Bill & Melinda Gates Foundation

Amit Shah sought to dispel recent concerns over BJP's performance in the general elections. While emphasising that the ruling party and its allies will get over 400 seats, he told NDTV the market would «shoot up» after June 4 — the election results day — and suggested buying stocks before that. Benchmark Nifty rose 0.22%, or 48.85 points, to close at 22,104 while the Sensex gained 0.15%, or 111.66 points, to close at 72,776. Both indices had fallen over 1% each earlier in the day but bounced back mid-way through the session following the senior minister's remarks.

banks, led by state-owned ones, had their best year in fiscal 2024 as growth remained robust and bad loans were at a decadal low, but the current fiscal could be more challenging amid a likely slowdown in credit growth, analysts said. Regulatory changes in unsecured consumer loans as well as new provision norms on project finance and expected credit losses (ECL) as the regulator tightens norms to avoid accidents are expected to impact credit growth. Net interest margins (NIMs) are also likely to remain under pressure because of higher deposit rates that will impact banking profit growth in the current fiscal, analysts said.