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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.

Ph.D. scholars, with an aim to incentivising research. The institute announced a 20-25% increase in stipends for the scholars enrolled in IIMK’s Doctoral Programme in Management (DPM), which leads to the award of Doctor of Philosophy (Ph.D.) as per the latest proposal approved by the institute’s Board of Governors. IIMK’s DPM is a full-time, residential, and fully financed doctoral programme.

crypto wallet addresses in 2023, including addresses identified as sanctioned or linked to terrorist financing and scams, crypto research firm Chainalysis said on Thursday. Cryptocurrencies enable people to send money around the world without using the mainstream financial system. The underlying blockchain technology creates a record of transactions where senders and receivers are identified only by their wallet addresses, which are a string of letters and numbers.

Drugmakers kicked off 2024 by raising the list prices for Ozempic, Mounjaro and dozens of other widely used medicines. Companies including Novo Nordisk, the maker of Ozempic, and Eli Lilly, which sells Mounjaro, raised list prices on 775 brand-name drugs during the first half of January, according to an analysis for The Wall Street Journal by 46brooklyn Research, a nonprofit drug-pricing analytics group. The drugmakers raised prices of their medicines by a median of 4.5%, though the prices of some drugs rose by around 10% or higher, according to the research group.

A man who is accused of attacking three women during two separate incidents in Halifax had been released from custody on unrelated charges just days before.Gamon Jay Leacock, 49, is facing numerous charges, including aggravated sexual assault, unlawful confinement, robbery, and breaking and entering, after two women were sexually assaulted at a home Monday.According to Halifax Regional Police, a man entered a home on Clifton Street in Halifax and confronted two women with a brick and a broken bottle before confining them in a bedroom and sexually assaulting them. They managed to escape, and the man was arrested shortly after.Just before the home invasion, police also investigated a carjacking incident that they allege involved the same suspect.

Indian Navy has its assets deployed along the western coast to protect India's maritime interests and will not allow any «instability», Chief of Naval Staff Admiral R Hari Kumar said on Thursday. On the situation in the Arabian Sea and Red Sea area, the Navy chief said Indian assets are already deployed in the area for two anti-piracy operations. He was speaking to the media on the sidelines of the fourth edition of the Global Artificial Intelligence Summit.

Nifty on Thursday ended 110 points lower to form a high wave type candle pattern on the daily chart and slipped below the rising trendline, suggesting a bearish trend reversal. Having declined sharply, there is a possibility of a pullback rally in the short term, which is expected to be a ‘sell on rise’ opportunity. Important resistance to be watched at 21,700-21,800 levels. The important lower supports are placed at 21,200-21,000 levels, said Nagaraj Shetti of HDFC Securities. What should traders do? Here’s what analysts said:

The Indian rupee ended little changed on Thursday, after hovering in a tight range for much of the session as positive cues from a slight pickup in its Asian peers were offset by dollar demand from foreign banks.The rupee closed at 83.1225 against the U.S. dollar, barely changed from its close at 83.1375 in the previous session.

The co-working space has evolved in India since its inception and has been growing at a swift pace. According to research by Mordor Intelligence, the co-working space market size in India will be USD 1.78 billion in 2023. The market is fuelled owing to the healthy and collaborative work environment it provides for clients across the spectrum, including large organisations, startups, and even small businesses.

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Recent research by Google DeepMind has revealed a surprising intersection between human and machine vision, particularly in their susceptibility to adversarial images. Adversarial images are digital images subtly altered to deceive AI models, making them misclassify the image contents. For example, a vase could be misclassified as a cat by the AI​​.

BSE Sensex fell 0.81 percent to 70,918.07, and the NSE Nifty 50 lost 0.91 percent to 21,374.95. "A nosedive correction in banking stocks, along with concerns over delays in US FED rate cuts, impacted market sentiments. The addition of discouraging Chinese growth data and rising US bond yields also resulted in widespread profit-booking.

₹120.15 in morning trade on BSE on Thursday, January 18, extending the losses into the third consecutive session, on lingering concerns over profitability after its cement supply agreement with Ambuja Cements. Ambuja Cements acquired 54.51 per cent of Sanghi Industries.

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.

Stock market today: Following weak global cues, the Indian stock market extended its loss for the third straight session on Thursday. After logging the highest intraday loss since 13th June 2022 on Wednesday, the Nifty 50 index today opened lower and went on to touch an intraday low of 21,406 within a few minutes of the opening bell.

Day trading guide for today: Following weak global market sentiments on disappointing Chinese economic data and geopolitical tension in the Middle East, the Indian stock market fell on the second day in a row. Nifty 50 index registered the biggest intraday fall since 13th June 2022 due to the panic selling across the board led by banking stocks. The 50-stock index crashed 460 points and closed at a 21,571 level, BSE Sensex tanked 1,628 points and closed at a 71,500 level whereas the Bank Nifty index nosedived 2,060 points and finished at 46,064 mark.

Sensex cracked 1,628.01 points, or 2.23%, to end at 71,500.76, while the Nifty 50 ended 460.35 points, or 2.09%, lower at 21,571.95. Nifty 50 formed a reasonable negative candle on the daily chart with a long upper shadow. The huge opening downside gap remains partially filled.

China and expectations the global rate easing cycle may not come as early as some had initially thought. U.S.

Sensex cracked 1,628.01 points, or 2.23%, to end at 71,500.76, while the Nifty 50 ended 460.35 points, or 2.09%, lower at 21,571.95. “Hawkish Fed commentary, escalating tension in the Middle East, and a spike in bond yield dented investor sentiment. On the domestic front, the market would look at quarterly results for stock-specific action and we expect indices to consolidate after a sharp sell-off," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.