Research Financial News

Adani Group, through its portfolio of companies, will invest Rs 12,400 crore in Telangana, the company said on Wednesday. The Chief Minister of Telangana, Revanth Reddy, and the Chairman of the Adani Group, Gautam Adani, signed an agreement at the World Economic Forum in Davos. Adani Enterprises Limited (AEL) will invest over Rs 5,000 crore in a 100 MW data centre, which would be powered by renewable energy, over the coming 5-7 years. "AEL will work closely with local MSMEs and startups to develop a globally competent supplier base for the project.

Budget 2024: The coming Budget, despite being an interim budget owing to the upcoming national elections, has generated significant interest among economy watchers in view of the government's new stated ambition of making India the third largest economy by 2030. Another reason this budget will be keenly watched is the sudden uncertainty in global trade because of the unfolding Red Sea crisis. While the short- to medium-term prospects for the Indian economy continue to be relatively bright as the inflation outlook remains benign and major potential headwinds appear far-off, some impact of the Red Sea crisis on India's foreign trade is already evident. That brings the coming interim budget into a bit of a sharper focus. As regards economic policy, Modi govt's recent path appears to have been quite consistent so far, at least in the past few budgets. Despite the abovementioned unanticipated speed bump, this consistent policy path is likely to be adhered to this time as well, economists say. So, for those who are keen to find out what this budget might bring, it might be instructive to take a relook at what FM Nirmala Sitharaman had announced in the last budget. Here follows a detailed sector-wise look at last year's budget announcements:

Outlook 2024: Can gold maintain its shine next year? Here's what experts say "As the expectation of sharp rate cuts has been one of the prime drivers of this rally, gold traders want to validate their rate expectations with the key US data as the year rolls on," said Praveen Singh, Senior Fundamental Research Analyst- Currencies and Commodities at Sharekhan By BNP Paribas. At this juncture, analysts are positive about the prospects of gold for the year amid macro uncertainty, geopolitical tensions and the expectations of rate cuts.

Disease X, a hypothetical illness with the potential for 20 times more fatalities than the COVID-19 pandemic, will be the focal point of a panel discussion in Davos, Switzerland, on Wednesday, where international leaders will gather to deliberate on the potential looming threat.

The Canadian government is publicly naming 85 Chinese research institutions that “may pose” a threat to national security and sensitive research.

Accenture, Tata Consultancy Services (TCS) and Infosys continued to boost their brand value despite tepid growth environment and the disruption owing to newer technologies. The three IT giants topped the charts of IT brands according to the Brand Finance 2024 report.

Canadian government unveiled Tuesday restrictions on research funding to prevent the sharing with China, Iran and Russia of advanced technologies developed by Canadian universities, citing national security concerns. It also published a long list of sensitive research it does not want shared, including artificial intelligence, quantum science, robotics, biotechnology, advanced weapons, space and satellite technology, and human-machine integration.

In the rapidly evolving landscape of artificial intelligence, the emergence of foundation models like GPT-4 and Llama 2 has transformed numerous sectors, influencing decisions and shaping user experiences on a global scale. However, despite their widespread use and impact, there is a growing concern about the lack of transparency in these models. This issue is not limited to AI; it echoes the transparency challenges faced by previous digital technologies, such as social media platforms, where consumers grappled with deceptive practices and misinformation​​​​.

The realm of artificial intelligence (AI) and machine learning (ML) is constantly advancing, yet it's not without its stumbling blocks. A prime example is the performance degradation, colloquially referred to as 'stupidity', in Large Language Models (LLMs) like GPT-4. This issue has gained traction in AI discussions, particularly following the publication of «Task Contamination: Language Models May Not Be Few-Shot Anymore,» which sheds light on the limitations and challenges faced by current LLMs.

ugcnet.nta.ac.in. The UGC NET December 2023 exams were conducted in 83 subjects in 292 cities across the country for 9,45,918 candidates from 6 December-19 December. Earlier on 3 January, the UGC NET December 2023 had released the provisional answer key and the date to raise objection was 5 January.

Li Qiang said in Davos, Switzerland. “Last year in 2023, the Chinese economy rebounded and moved upward with an estimated growth of around 5.2%, higher than the ‘around 5%’ target set at the beginning of last year," Li said on Tuesday in his first appearance as China’s No. 2 official at the annual World Economic Forum.

Sensex declined 199.17 points, or 0.27%, to close at 73,128.77, while the Nifty 50 settled 65.15 points, or 0.29%, lower at 22,032.30. “Following global cues, domestic equities took a breath after rallying in the last few sessions. Overall we expect the market to consolidate in higher zones," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

LIC) on Tuesday crossed the listing price of ₹865 for the first time since its shares were listed in May 2022. The stock gained 4.4% to close at ₹892.50 on Tuesday and is on course to cross the initial public offer price of ₹949 per share as investors perceive the insurance giant is cheaper valued compared to its private sector peers. The stock hit an all-time high of ₹900 as the company's market capitalisation rose to ₹5.64 lakh crore, crossing the listing day market value of ₹5.53 lakh crore. «Since the shares are trading below the embedded value, LIC remains in a favorable valuation zone,» said Avinash Singh, senior research analyst- insurance, Emkay Financial Services.

FCRA licence of Centre for Policy Research, a leading non-governmental organisation, for alleged violation of rules, ET has learnt. CPR's Foreign Contribution Registration Act licence was suspended eleven months ago. The cancellation order was issued last Wednesday after long deliberations, an official told ET. When contacted, a senior functionary at CPR said it had received the cancellation order.

Stent makers have approached the government demanding creation of a separate subcategory and higher ceiling prices for coronary stents with advanced features. This follows several companies shelving plans to launch their next generation stents after major price cuts by the government. Coronary stents became a part of the National List of Essential Medicines (NLEM) in 2022, which made them more affordable.

The recent passing of legendary MIT economist and Nobel laureate Robert Solow at the age of 99 has triggered a wave of tributes honouring his pioneering research, which deepened our understanding of the relationship between investment, technology and economic growth. His monumental contributions to the field are widely acknowledged, but for me his passing creates a profound and unexpected sense of personal loss.

In a paper published this week in Nature, part of a series of insights about ancient peoples, researchers compared thousands of ancient and modern genomes to unearth new information about multiple sclerosis (MS). The findings help scientists make the case that northern Europeans’ elevated risk of MS is a 5,000-year-old relic of becoming sheep and cattle herders. Mutations that make some people more vulnerable to the neurological condition once had a useful function, protecting their ancestors from pathogens.

₹16,372.5 crore in the December quarter as net interest income showed a healthy increase. This figure handsomely beat estimates by 19 analysts polled by Bloomberg, who expected it to post a net profit of ₹15,762 crore in the quarter. The bank’s net interest income–the difference between interest earned and interest expended–grew 23.9% y-o-y to ₹28,471.3 crore.

Artificial intelligence lab OpenAI is forming a new team to create democratic processes to shape how its AI software should be governed to address bias and other factors, the Microsoft-backed company said in a blog post on Tuesday. The «Collective Alignment» team is a continuation of the work of a grant program for funding democratic process experiments that was announced in May 2023, the San Francisco-based firm said. The program wrapped up recently.

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