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16.01 / 05:32
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Lok Sabha elections 2024: OpenAI won't allow its AI to be used for ‘political campaigning, lobbying’
OpenAI has made a number of policy changes to prevent its generative AI-based technologies such as ChatGPT, Dall-e and the rest from undermining the 'democratic process' during upcoming elections. Notably, the world's leading democracies, including the US, UK and India, will go to the polls this year.
16.01 / 02:49
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Indian stock market: 7 key things that changed for market overnight - Gift Nifty, oil prices to trade deficit
Sensex surged 759.49 points, or 1.05%, to end at 73,327.94, while the Nifty 50 ended 202.90 points, or 0.93%, higher at 22,097.45. “Q3 earning season had a positive start and is further expected to be propelled by the BFSI segment, where many heavyweights are likely to post their results this week. This will support the overall ongoing market momentum and stock-specific action," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
16.01 / 02:49
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Buy or sell: Vaishali Parekh recommends three stocks to buy today — January 16
Buy or sell stocks for today: The Indian stock market indices, Sensex and Nifty, extended their record run for the fifth consecutive session on Monday led by a strong rally in IT stocks. The Sensex surged 759.49 points, or 1.05%, to end at 73,327.94, while the Nifty 50 ended 202.90 points, or 0.93%, higher at 22,097.45.
16.01 / 02:49
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us presidential elections
US Presidential Elections 2024: Donald Trump emerges as front-runner in Iowa caucus amid freezing temperatures
Donald Trump emerged as the front-runner, overshadowing the competition. Former President Donald Trump holds a strong position, turning Iowa's first-in-the-nation contest into a struggle for the second spot. Florida Governor Ron DeSantis and former UN Ambassador Nikki Haley aim to position themselves as the main alternatives.
16.01 / 01:39
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Fund managers position December portfolio on private capex revival
Fund managers continue to bet on a private sector capex revival in the coming year, as the BJP’s strong show in the state elections in December has reduced political uncertainty and raised hopes of policy continuity. According to the recent data published by project-tracking database research fi rm Centre for Monitoring Indian Economy (CMIE), a total of `2.1 lakh crore worth of new projects have been announced in India in the December quarter.
16.01 / 01:39
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Vertical Ascent: Bulls pitch camp at new heights
equity indices surged nearly 1% to new highs on Monday, with the Nifty closing above 22,000 for the first time, as IT stocks continued to propel the markets on better-than-expected third-quarter earnings. The Sensex ended above 73,000 for the first time, extending the recent bullish momentum, though the Volatility Index — a fear gauge — rose 5.2%, indicating some signs of discomfort among traders over the pace of the upmove.
15.01 / 22:05
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BRC-20 Inscription Growth Key for Bitcoin’s Continued Dominance in 2023 – Binance Research
The cryptocurrency market witnessed a remarkable recovery in 2023 with a staggering 109% year-over-year (YoY) surge. However, what captured the attention of the Binance Research team was the notable growth of the BRC-20 token standard throughout the year.
15.01 / 19:37
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Baidu denies report that its Ernie AI chatbot is linked to Chinese military research
Baidu on Monday refuted a newspaper report that said its artificial intelligence chatbot Ernie was linked to Chinese military research. Hong Kong newspaper South China Morning Post on Friday cited an academic paper from a university affiliated with the People's Liberation Army cyberwarfare division. The paper stated that the division had tested its artificial intelligence system on Baidu's Ernie and on artificial intelligence firm iFlyTek's Spark, both of which are language-based AI chatbots similar to ChatGPT.
15.01 / 19:37
15.01 / 18:43
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Just looking like a Wow! Momo chain raises Rs 350 crore
Wow! Momo Foods has raised ₹350 crore from Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia. This is the company's biggest fund raise and comes amid robust double-digit growth in overall food services, in addition to low price points and popularity of momos as a snack in India. The investment will be made through both primary infusion and secondary purchase from early-stage investors, Indian Angel Network and Lighthouse Funds.
15.01 / 18:37
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Indian startups can look forward to an ‘India techade’
The last 9 years have seen a decisive transformation of India. The country’s political culture, governance, economy, confidence in its culture and heritage and more—the list is long—have been transformed. Coming after a decade of the United Progressive Alliance’s economic destruction, corruption, cronyism and appeasement, it has put India in the league of the world’s top five economies—a far cry from the “fragile five" among which India found itself at the end of the Congress-led coalition’s 10 years of power in 2014.
15.01 / 18:37
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Combating fake news: Staying away from Google can be a solution
Searching for information has become instant and effortless—just go to your nearest device, ask Siri or click a few keys. But are we better informed than we were before Google became a verb? A new paper published in Nature hints that we’re not. When researchers exposed volunteers to a mix of fake and real news stories, they found people became more prone to being fooled by fake stories after being asked to do an internet search.
15.01 / 18:37
Death
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Superbugs: What to do about pills that don’t work
MUMBAI : Indians love to self-medicate and pop their pills like candies. A recent government report sheds light on why prevention may not always be better than cure, and how we are staring at a crisis where antibiotics might just stop working. Mint explains the situation: Antibiotics and antivirals are a key factor behind humanity’s success against infectious diseases, helping raise life expectancy and making several diseases manageable.
15.01 / 17:41
Research
testing
DRDO to continue with Tapas drone project, to expand its capabilities to operate above 30,000 ft
DRDO is continuing with its project to further develop the Tapas medium-altitude, long endurance (MALE) drone in which one of the three services has shown interest to use them around the Andaman and Nicobar Islands for operations. The Tapas drones being developed by the Aeronautical Development Establishment Laboratory have not been able to fully meet the Joint Services Qualitative Requirements of flying at 30,000 feet for over 24 hours at a stretch and have been excluded from the category of mission mode projects. «One of the defence forces has shown interest in using the Tapas drones for operations in the Andaman and Nicobar Islands, where it can be used for surveillance and reconnaissance,» sources in the Defence Research and Development Organisation said. The Tapas drones have been tested by the defence forces and during the trials, it managed to reach 28,000 feet altitude and could fly for over 18 hours, they said. In one of the trials, the drone was also operated by Indian Navy officials over the Arabian Sea for a few hours after it flew from an airfield in Chitradurga, Karnataka. The sources said that the runway length required for the Tapas drone to take off is not very long and can be used from some of the small airfields in the island territories. DRDO officials said the laboratory concerned would be working on improving designs and increasing the power in the drone to make it more suitable for service requirements of altitude and endurance, which it was not able to meet in the recent evaluations. The premier defence research agency led by Dr Samir V Kamat has been working on major drone projects, including unmanned combat aerial vehicles like Ghatak and other projects like Archer.
15.01 / 14:49
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Updates
US company's lunar lander will burn up in Earth's atmosphere after failed moonshot
A U.S. company's lunar lander will soon burn up in Earth's atmosphere after a failed moonshot
15.01 / 13:39
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BlackRock's transformational deal
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15.01 / 13:39
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Thomson Reuters takes 54% stake in Pagero, raises buyout offer to thwart rival bids
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15.01 / 13:39
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week
Next week on the stock market: Experian, Currys, Ocado
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15.01 / 13:26
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A surgeon general report once cleared the air about smoking. Is it time for one on vaping?
Sixty years ago, the U.S. surgeon general released a report that settled a longstanding public debate about the dangers of cigarettes and led to huge changes in smoking in America
15.01 / 12:23
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Wine
Nifty @ 22,000: Is the bull market aging like fine wine?
«The setup for 2023 was very powerful as its previous calendar year witnessed only 10 new 52-week highs, while for 2024, its previous calendar year saw a staggering 29 new 52-week highs. Today markets opened at new lifetime highs marking the second new lifetime high in just 15 days of calendar year 2024,» said Paras Matalia of SAMCO Mutual Fund. While shares of heavyweight RIL (Reliance Industries) have been giving support to Nifty with 8% upside in just 4 trading sessions, the rally in 2024 has been largely led by uptick in the IT index with growing optimism about increased discretionary spending and strong deal wins. «The US bond yield edged lower as market participants bet on the Fed easing cycle, which is expected to start in March. Investors are likely to take a more measured approach due to the release of Chinese GDP and UK inflation data this week,» Vinod Nair, Head of Research, Geojit Financial Services, said. After buying Indian equities worth over Rs 66,000 crore in December, foreign institutional investors or FIIs have been net buyers to the tune of Rs 11,000 crore in the first two weeks of the calendar year. While anticipated rate cuts this year are expected to further fuel the rally till the Lok Sabha elections, analysts warn of intermittent volatility especially due to Budget and occasional profit booking. «The recent upswing warrants a certain degree of caution as, many times, such sharp rallies do not sustain. Thus, we believe that the near-term view will be cautious and suggest profit booking in areas of exuberance, especially in the smallcap space,» Pranav Haridasan, MD and CEO at Axis Securities.
15.01 / 12:11
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HDFC Bank Q3 preview: Expect double-digit growth in net profit; high cost of funds to impact NIM
₹24,69,500 crore as of December 31, 2023, registering a growth of around 62.4 per cent over ₹15,20,500 crore as of December 31, 2022. Domestic retail loans jumped 111 per cent year-on-year (YoY), and around 3 per cent quarter-on-quarter (QoQ). Commercial and rural banking loans grew by 6.5 per cent and corporate and other wholesale loans (excluding non-individual loans of the erstwhile HDFC Limited) grew by 2 per cent sequentially.
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