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₹1 trillion revenue from India operations," said Faisal Kawoosa, chief analyst and founder at research firm Techarc. Emails to Apple, Foxconn and Tata Electronics did not elicit a response till press time. Analysts tracking Apple and the India market said that building a local ecosystem would be crucial for raising the production levels.

South Korea is readying plans for a support package for chip investments and research worth more than 10 trillion won ($7.30 billion), the finance minister said on Sunday, after setting its sights on winning a «war» in the semiconductor industry. Finance Minister Choi Sang-mok said the government would soon announce details of the package, which targets chip materials, equipment makers, and fabless companies throughout the semiconductor supply chain.

Apple's top software executives decided early last year that Siri, the company's virtual assistant, needed a brain transplant. The decision came after executives Craig Federighi and John Giannandrea spent weeks testing OpenAI's new chatbot, ChatGPT. The product's use of generative artificial intelligence, which can write poetry, create computer code and answer complex questions, made Siri look antiquated, said two people familiar with the company's work, who didn't have permission to speak publicly.

In a few years, autonomous artificial-intelligence “agents" could be performing all sorts of tasks for us, and may replace entire white-collar job functions, such as generating sales leads or writing code. Unlike basic chatbots we use today, these entities can venture out in the digital world and do things in our stead.

ICMR) has said stressing that consumers should read the information carefully to make informed and healthy choices. In its recently issued dietary guidelines, ICMR said «Some manufacturers use labels to make incorrect and incomplete claims about their food products.» The report said health claims on packaged food are designed to catch the consumer attention and convince them that the product is healthy. It also pointed out that sugar-free foods maybe loaded with fats, while packed fruit juices may contain only 10 per cent fruit pulp.

Earlier this week (May 9, 2024), Indian Space Research Organisation (ISRO) accomplished the significant achievement of conducting a successful hot test of a liquid rocket engine that was produced using additive manufacturing (AM) technology. The test lasted 665 seconds and involved the utilization of the PS4 engine, which is part of the PSLV upper stage. AM, also known as 3D printing, involves layer-by-layer material addition to create objects from digital models, allowing for complex designs and efficient material usage.

equities in the first 10 days of the month owing to general election and the uncertainty surrounding its outcome coupled with expensive valuations and profit booking. This was way higher than a net withdrawal of Rs 8,700 crore in the entire April on concerns over a tweak in India's tax treaty with Mauritius and a sustained rise in US bond yields. Before that, FPIs made a net investment of Rs 35,098 crore in March and Rs 1,539 crore in February. Looking ahead, post-general elections, corporate India's strong financial performance in Q4 FY24 is anticipated to be rewarded.

Mother's Day, consider giving your mother a gift beyond mere material pleasure: a monetary investment. Whether fixed deposits, mutual funds, or stocks, these financial instruments provide immediate joy and long-term benefits. “As a seasoned professional in financial markets, I understand the importance of choosing gifts that offer both sentimental and economic value.

massive outflows by foreign investors and the significant rise in the market's volatility index. Majority of the analysts say that weak sentiments will likely continue till the election results in the absence of any major positive triggers. In the third week of May, investors will keenly eye the ongoing the January-March quarter results for fiscal 2023-24 (Q4FY24), domestic and global macroeconomic data, foreign fund outflows, crude oil prices, and global cues.

Dr Soumya Swaminathan, most recently WHO's Chief Scientist, has been named among the 10 exceptional individuals who will receive honorary degrees from Canada's prestigious McGill University as part of the Spring 2024 Convocation ceremonies. In 2017, Swaminathan joined the World Health Organisation (WHO) as Deputy Director General (Programmes), and, in March 2019, was named its first Chief Scientist, a role she filled through the Covid-19 pandemic until late 2022. More than two centuries old, McGill, a public research university in Montreal, grants honorary degrees to individuals «who have lifetime records of outstanding scholarly, scientific, or artistic achievement, or of exceptional contributions to the public good through professional or philanthropic activity,» an announcement by the University said. Want to know if you qualify for immigration? Click here Spring 2024 Convocation ceremonies would take place from May 28 to June 5, the announcement made late on Friday said. Swaminathan, 65, will receive the Doctor of Science, honoris causa (D Sc) in Health Sciences on May 28.

ALSO READ: International Space Station now visible to naked eyes across India. Details here The super-Earth planet orbits its star at one-25th the distance between our solar system's innermost planet Mercury and the sun. The 55 Cancri e is among the few rocky planets outside our solar system with a significant atmosphere, wrapped a blanket of carbon dioxide and carbon monoxide.

ALSO READ: Northern lights seen across Europe! Strongest solar storm in 20 years brings auroras. See spectacular photos Also known as the Northern Lights, the aurora borealis was visible from Ladakh at 34-36°N, an incredibly rare sight at such low latitudes.

Living at home as long as possible is preferred by a vast majority of adults over 50

Elon Musk has a way with viral slogans. At a New York Times event on November 29th the world’s richest man was asked how he felt about firms pulling ads from X, the social network he bought last year when it was known as Twitter. “If somebody’s going to try to blackmail me," he replied, “go fuck yourself." The “GFY" approach, as he dubbed it, may come naturally to billionaires.

Read more Tata Motors announced its January-March quarter results for fiscal 2023-24 (Q4FY24), reporting a surge of 222 per cent to ₹17,407.2 crore, compared to ₹5,400 crore in the corresponding period last year. India's most valuable carmaker beat D-Street estimates as it reported a more than three-fold increase in net profit driven by a tax credit surge and strong performance across all its auto businesses. Read more Air India Express has sacked around 25 employees after they did not report to work on Wednesday, May 8.

earnings season and blockbuster reports from tech industry titans fueled a U.S. stock market rebound from the first real swoon of 2024. Next week's inflation data could determine whether the good vibes continue. The benchmark S&P 500 index is up over 9% for the year, up near its late-March record high, following a 5% pullback that occurred last month.

Smarter vehicles could mean some of the most dramatic changes for the traditional traffic signal since the yellow light was added more than a century ago

Billionaire investor James Simons, the mathematician and Cold War code-breaker who founded one of the world's most prominent and profitable hedge funds, Renaissance Technologies, has died at 86, his foundation said on Friday. The Simons Foundation did not give a cause of death.

Chinese smartphone brands are seeing volumes go up once again after falling from a peak in 2020, despite continuing government scrutiny. But their cumulative revenue share is falling amid the strengthening premiumisation trend as iPhones and Samsung devices are favoured by customers at the top end. The cumulative market share of Chinese smartphone brands — Xiaomi, Vivo, Oppo, Realme, Transsion, Motorola — rose to 75% in the March quarter, after hitting a low of 61% in the July-September period, according to Counterpoint Research. This was achieved on the back of a shipment rebound by the top brands such as Xiaomi and Vivo after a few tepid quarters in 2023 due to low demand and inventory bottlenecks, the research firm said. It added that smaller brands such as Motorola and Transsion have also expanded their footprint in the market.

Hond has reported that its profit for the fiscal year through March jumped 70% as its vehicle sales grew and a weak yen buoyed overseas earnings

James “Jim” Simons, a renowned mathematician and pioneering investor who built a fortune on Wall Street and then became one of the nation’s biggest philanthropists, has died at age 86