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Subscribe to enjoy similar stories. Tech giants have spent billions of dollars on the premise that bigger is better in artificial intelligence. DeepSeek’s breakthrough shows smaller can be just as good.

financial stocks and heavyweight Reliance Industries (RIL). However, a decline in Tata Motors capped gains on the benchmarks. The benchmark BSE Sensex gained 226.85 points or 0.30% to close at 76,759.81, while the broader Nifty 50 index closed at 23,249.50, higher by 86.40 points or 0.37%.

The Authors Guild has set up an online portal for members to certify that their books “emanated from the human intellect” and not from artificial intelligence

Georgia Gov. Brian Kemp is planning to unveil proposals to put limits on lawsuits

Sridhar Vembu, Chief Scientist of Zoho Corporation, responded to a frequently asked question from Indian engineers: “Why can’t India achieve what China did?” Vembu acknowledged that while India’s strengths lie in its democratic framework and diverse society, it must chart its own path rather than merely emulating China. He emphasised grassroots innovation and India’s demographic advantage, asserting, “India's strength lies in its ability to innovate and adapt to rapidly changing global dynamics.”

The central bank hiked borrowing costs aggressively from mid-2022 to tame runaway energy and food costs, but is now bringing them back down as price rises slow and the eurozone economy looks weak.

Subscribe to enjoy similar stories. The success of DeepSeek, the Chinese rival to American goliaths with radically more cost-effective artificial intelligence, reveals the futility of U.S. sanctions policies.

Siddhartha Khemka, Head-Retail Research, MOFSL, says cement demand is showing signs of recovery in various sectors, including housing and infrastructure, both in rural and urban areas. A good monsoon is expected to boost demand, particularly from rural regions. Additionally, with the upcoming Budget, there are hopes that government spending, which has been low this year, will increase significantly next year, aiming for a 10% to 15% growth in capital expenditure. This should positively impact the overall cement industry. In cement, Khemka says, UltraTech is their preferred pick, followed by JK Cement among the midcaps. Within the fertiliser space, the pick is Coromandel International. What do you make of the market setup right now? Do you think the bulk of the poison is out of the system or do you think there is going to be another couple of weeks of volatility and perhaps at the end of next week, after the Delhi election outcome, etc, is out, that the market will finally stabilise and pick up a direction. Siddhartha Khemka: The major worry for us from the market perspective is the earnings and that has been something which has been a bit subdued and I would say only until the end of the result season, we could see some stability. Based on whatever numbers that have come so far and the outlook for Q4, even Q4 does not look to be a very strong quarter.

Benchmark indices staged a relief rally on Tuesday from Monday’s sharp losses while broader Mid and Small cap indices extended their declines as they continued to underperform on valuation and earnings concerns.

QI Research CEO and chief strategist Danielle DiMartino Booth reacts to the Federal Reserve leaving interest rates unchanged on 'Making Money.'

If you're a bank looking for a reason to hire in times of uncertainty, then Berenberg — the German private bank — may this morning have provided you with it. After some heavy hiring, Berenberg has declared a 47% year-on-year increase in profits in 2024, driven by the investment bank.

tax overreach, such as the legally contentious retrospective taxation of Vodafone, is jeopardising India's growth story by deterring domestic and foreign investors. Coupled with regulatory hurdles, these measures undermine India's potential to emerge as the next global growth hub. In many cases, the challenge is so acute that enterprises and HNIs are relocating abroad or scaling down local manufacturing capacity to minimise interactions with regulators and tax authorities.

Subscribe to enjoy similar stories. SINGAPORE—The unexpected success of Chinese AI startup DeepSeek has revealed cracks in U.S. efforts to contain China’s technology ambitions, challenging both Washington and Silicon Valley to rethink how best to preserve American supremacy.

Subscribe to enjoy similar stories. New Delhi: The Union cabinet on Wednesday approved a national critical mineral mission with an outlay of ₹34,300 crore to boost India's supply chain in the key sector and achieve self-reliance The cabinet also approved an increase in the price of ethanol procured by state-run oil marketing companies (OMCs) for blending with petrol.

Subscribe to enjoy similar stories. It’s impossible to look at the Chinese artificial intelligence startup DeepSeek’s new AI model without comparing it against OpenAI, the dominant American rival. DeepSeek has touted its latest AI model, R1, is particularly good at problem solving, performing on par with OpenAI’s o1 reasoning model—but at a fraction of the cost per use.

Tata Motors' third-quarter profit missed the Street estimates by a wide margin as the bottom line fell 22% YoY to Rs 5,451 crore. The profit was way below the ET Now poll estimates of Rs 6,791 crore.

Indian Bank on Wednesday reported a 35 per cent increase in net profit at Rs 2,852 crore for the third quarter ended December 2024, helped by core income. The Chennai-based bank had earned a net profit of Rs 2,119 crore in the same quarter a year ago. Its total income increased to Rs 17,912 crore from Rs 16,099 crore a year ago, Indian Bank said in a regulatory filing.