Research Financial News

₹7,705 crore as the market cap of the four listed companies fell from ₹27,257.4 crore on Saturday to ₹19,551.65 crore at the end of market hours on Tuesday. Incidentally, the earlier biggest single-day fall in shares of Zee Entertainment was five years back, when the scrip nosedived 26.6% on 25 January 2019 after media reports of a federal probe in the businesses owned by Chandra.

North Korea is developing artificial intelligence (AI) and machine learning for everything from how to respond to COVID-19 and safeguard nuclear reactors to wargaming simulations and government surveillance, according to a new study. International sanctions imposed over its nuclear weapons program may have hindered North Korea's attempts to secure AI hardware, but it appears to be pursuing the latest technology, wrote study author Hyuk Kim of the James Martin Center for Nonproliferation Studies (CNS) in California.

Some Georgia lawmakers are looking for ways to provide relief from property taxes

The influx of generative artificial intelligence software is transforming small businesses

Until recently, OpenAI wouldn’t allow its models to be used for activity that had “high risk of physical harm, including weapons development, military and warfare." Now it has removed the words ‘military’ and ‘warfare’. Is this a routine update, or should we be worried? Until recently, OpenAI had explicitly banned the use of its models for weapons development and military and warfare.

The Prime Minister’s Office (PMO) has begun an important stock-taking of India’s statistical system in the wake of several controversies related to official surveys and estimates, according to two persons aware of the discussions in the government. Some of these controversies were around the reliability of growth estimates, delays in conducting some economic surveys and the census, comprehensiveness of sampling methods, and the gap in the number of covid-19 deaths estimated by India and the World Health Health Organization. Officials from the statistics and finance ministries are part of the effort led by PMO officials, one of the two persons said.

From the start, Metallicus has operated with a vision that the future of crypto is secure and compliant. With a dynamic advisory board made up of diverse leaders from the blockchain, cryptocurrency, and traditional banking  worlds, they have steadily worked to advance their strategy to build the most customer-centric digital asset banking network. Now, Metallicus is proudly announcing the official launch of the Metal Blockchain Banking Innovation Program, set to incorporate blockchain technology into the banking and credit union sector. The groundbreaking initiative hones a particular focus on digital identity, tokenizationand Bank Secrecy Act (BSA) compliance, further securing Metallicus as a pioneer in digital asset banking.

Science and Technology Minister Jitendra Singh made the announcement here in the presence of NITI Aayog member V K Saraswat, Principal Scientific Advisor A K Sood and Department of Science and Technology (DST) Secretary Abhay Karandikar. The VAIBHAV or Vaishvik Bhartiya Vaigyanik fellows are from the topmost institutes of Australia, Canada, Finland, Japan, Singapore, Sweden, Switzerland, the UK and the US, and will work with Indian institutes such as IISc, IUCAA and the IITs for the next three years on jointly identified projects.

Canada’s economy hit a technical recession at the end of 2023 and will continue to struggle to grow in the new year, according to forecasts from the Canadian Federation of Independent Business.

trans community in Manipur has raised strong objections to the inclusion of only 239 of its members in the state’s final electoral rolls, asserting that this figure significantly underrepresents their actual population. Santa Khurai, a trans activist and secretary of the All Manipur Nupi Manbi (trans-women) Association (AMANA), a prominent trans community organization, emphasized that the adult trans population in the state exceeds 4000. The final electoral rolls, released on Monday by Manipur Chief Electoral Officer Pradeep Kumar Jha, reported a total of 20,26,623 electors, including 10,46,706 females, 9,79,678 males, and only 239 individuals identified as third gender or trans gender. Expressing disbelief at the remarkably low figure, Santa, also a researcher and writer, stated, “We are stunned to see the terribly small number of just 239 third gender voters in the final electoral rolls.” In 2020, during the height of the Covid-19 pandemic, AMANA conducted a survey, distributing support materials to trans community members and identifying 4000 adult members. Santa acknowledged the likelihood that this figure is an underestimate due to many individuals avoiding participation out of fear of social stigma. To rectify this discrepancy, AMANA plans to engage with the state election office to ensure a more accurate representation of the trans community in the electoral rolls.

Nifty on Tuesday ended 333 points lower to form a long bear candle on the daily chart with analysts warning that one may expect more weakness from here to form a new lower bottom of the sequence.

Legislation that would renew expired small-business tax breaks and bolster the child tax credit faces a difficult legislative path, even with initial support on both sides of the aisle.

Dementia India Alliance (DIA) have signed a Memorandum of Understanding (MoU) to collaborate on advocacy, outreach, training, research work and support services for dementia care. According to Bengaluru-based NIMHANS, a premier institute for mental health and neuroscience in India, the collaboration aims to improve the overall quality of life of persons with dementia and their family caregivers through various modalities, they said.

Algorand (ALGO) Ventures has recently made a strategic investment in Gora Network, a next-generation oracle built on the Algorand blockchain. This investment signifies a crucial development in blockchain technology, particularly in the realm of decentralized oracles.

Coal India Ltd plans to mine for lithium. The company’s technical director, B. Veera Reddy, said last week the company plans to explore for the critical mineral.

The world's top hedge funds raked in record profits last year amid a resurgence in stock markets, new analysis showed.

Crisil’s market research and analytics unit. “As much as 70-75 mt of the capacity addition is expected to be commissioned next fiscal (year), with 50-55% concentrated in the eastern and central regions," the research firm said in a report on Tuesday.

interim budget 2024 that is scheduled to be presented by Finance Minister Nirmala Sitharaman on February 1. “The budget's emphasis on research and development offers us an exceptional chance to innovate.

China rose 43% year-on-year in 2023, according to a private survey on Monday, highlighting a worrying trend of rising mortgage delinquencies amid a sustained property market slump and a patchy economic recovery. The number of foreclosed homes up for auction stood at 389,000 units last year, said China Index Academy, a major independent real estate research firm. A total of 99,000 units worth a combined 150 billion yuan ($20.84 billion) were successfully sold at auctions, the firm said.

Chandrayaan-3 mission, the US space agency said, on January 24. "We've showed that we can locate our retroreflector on the surface from the Moon's orbit," said Xiaoli Sun, who led the team at NASA's Goddard Space Flight Center, that developed the retroreflector on Vikram as part of a partnership between NASA and Indian Space Research Organization (ISRO), as reported by PTI.

markets closed the special trading session on Saturday with losses due to some profit booking and mixed global cues. A series of key interest rate decisions by Bank of Japan and ECB week along with US GDP due this week could have an influence on the market sentiments.