Software Financial News

Microsoft on Monday said consumers and small businesses can buy subscriptions to access more capabilities in its artificial intelligence "Copilot," as it moves to grow sales beyond large enterprises. After introducing a free AI Copilot for its Bing search engine last year, Microsoft will offer what it calls Copilot Pro to individuals for $20 a month.

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.

At least half a dozen investors ET spoke to said it will be crucial for early-stage software companies to showcase how they are leveraging AI in their products to attract new investments in 2024.

By Jeffrey Dastin

Kerala High Court that it has issued an order under the Companies Act for an investigation into the alleged irregularities by the software firm of Veena T, the daughter of Chief Minister Pinarayi Vijayan. Orders have been issued under section 210 (investigation into affairs of company) of the Companies Act and the same will be produced on record by the next date of hearing, it said.

Amazon with its Republic Day sale, you can buy a powerful Android smartphone that packs a punch of power without burning a hole in your pocket. If you're in the market for an efficient and stylish smartphone with the latest specifications and software, take a look at our top 5 picks. Looking for an Android smartphone in the current market climate can't be easy owing to a barrage of devices with an overload of specifications.

Shares of Wipro Ltd.(up 6.27 per cent), HCL Technologies Ltd.(up 3.08 per cent), Infosys Ltd.(up 2.44 per cent), Tech Mahindra Ltd.(up 2.27 per cent) and LTIMindtree Ltd.(up 1.26 per cent) ended the day as top gainers in the pack. On the other hand, MphasiS Ltd.(down 2.01 per cent) and L&T Technology Services Ltd.(down 0.45 per cent) finished as the top losers of the day.

Shares of Aurobindo Pharma Ltd.(up 5.01 per cent), Granules India Ltd.(up 4.85 per cent), Glenmark Pharmaceuticals Ltd.(up 4.78 per cent), Biocon Ltd.(up 2.52 per cent) and Zydus Lifesciences Ltd.(up 1.84 per cent) ended the day as top gainers in the pack. On the other hand, Sanofi India Ltd.(down 1.83 per cent), Gland Pharma Ltd.(down 0.69 per cent), Natco Pharma Ltd.(down 0.43 per cent) and Alkem Laboratories Ltd.(down 0.22 per cent) finished as the top losers of the day.

Shares of HDFC Bank Ltd.(up 1.93 per cent), Federal Bank Ltd.(up 1.23 per cent), State Bank of India(up 1.03 per cent), Kotak Mahindra Bank Ltd.(up 1.0 per cent) and IndusInd Bank Ltd.(up 0.89 per cent) ended the day as top gainers in the pack. On the other hand, Au Small Finance Bank Ltd.(down 2.07 per cent), IDFC First Bank Ltd.(down 0.46 per cent) and Axis Bank Ltd.(down 0.08 per cent) finished as the top losers of the day.

Mint, Atul Rai, co-founder and CEO of Staqu Technologies, the company behind the AI-powered security system in Ayodhya, said, "There will be a high level of AI surveillance in Ayodhya for people with serious criminal records, including terrorism, murder, etc. For this, we've integrated the CCTV cameras, already installed in various parts of the city for purposes like traffic and community management, for efficient artificial intelligence-based city surveillance." The AI surveillance CCTV cameras will cover famous hotspots of the city like Kanak Bhawan, Hanuman Garhi, Shri Nageshwar Nath Mandir, Ram Ki Paidi, and Ram Janmabhoomi.

635 million units in 2027. With generative AI, which can create new context with the help of prompts in natural languages like English or Hindi, smartphones will only get smarter. For instance, when Samsung Galaxy S24 launches on 17 January, Canalys expects on-device AI features like Live-Transcribe, but adds that most new AI features and solutions will be rolled out in the future using software updates.

(Reuters) — Microsoft (NASDAQ:MSFT) has eclipsed Apple (NASDAQ:AAPL) to become the world's largest company by market capitalization, driven by its deep focus on generative artificial intelligence (AI), a sector that has garnered increasing investor favour.

Prateek Aggarwal, CFO and Ramachandran Sundararajan, Chief People Officer, HCL Tech, in conversation with ET Now. Prateek Aggarwal says: We continue to have a good margin story for the full year. September quarter was a great one and so was December. We look forward to close the year at a good clip. Ramachandran Sundararajan says: “We will continue the hiring trend for Q4 to support the growthwe have projected for Q4. Our lateral hiring will continue for Q4. In the case of fresher hiring, we continue to honour our commitments for on-boarding. We will see a fresher on-boarding happening in Q4 as well. So net-net, we expect Q4 to be a net addition to our headcount. But it is early to talk about FY25.” The company recorded a strong 32% growth in the P&P business. Want to understand that, was there any one-off or this was bunching up which actually fuelled the growth? Prateek Aggarwal: No, no one-off. Actually, that is the inherent seasonality that we have in the software business. It all depends on which customers and how many of them we are in touch with during that quarter. This business has 7,000-8,000 customers. So the seasonality is dependent on the number of customers that have their renewals coming up in this quarter.

In Monday’s trading session, the following five stocks witnessed a build of fresh long positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh long position or not.

₹7-9 crore, ex-showroom. Distinguishing itself from other Rolls-Royce models, the Spectre will abandon the traditional 6 ¾ V12 engine in favor of an electric motor on each wheel, making it a formidable 4WD vehicle. The EV coupe boasts a powerful 430 kW and 900 Nm drivetrain, propelling it from 0 to 100 km/h in just 4.4 seconds.

The Centre plans to begin testing GPS-based toll collections on five to 10 highways from next month, a top government official said. GPS tolling, which is faster and more efficient, is expected to ultimately replace the existing FASTag-based tolling system. The new system will be piloted on limited highway stretches before it is rolled out nationwide, roads ministry secretary Anurag Jain said.

Dividend stock in India: Shares of Sukhjit Starch & Chemicals Ltd will be in focus when the stock market opens on Monday (January 15). The Board of Directors of the company has declared an interim dividend of ₹8.00 per share for the eligible shareholders. The record date to ascertain the eligibility of shareholders for the interim dividend has been fixed on January 15.

Mint, managing director (MD) and chief executive officer (CEO) C. Vijayakumar said HCL Technologies will continue its hiring momentum through the entire calendar year to maintain its revenue growth guidance. Growth is being fuelled by the company’s existing mega telecom deal with American telecom firm Verizon, a new focus on automotive technologies through its acquisition of Germany’s ASAP Group, and increasing recurring revenue from its software business.

2.L&T | Recommendation: Buy | CMP: ₹3,560-3,530 | Target: ₹3,800/4,000 | Stop Loss: ₹3,450 Larsen & Toubro (L&T) is poised for a breakout from an upward consolidation range, consistently finding support at its 20DMA. The momentum indicator RSI has recently turned positive with a crossover, confirming the bullish momentum.

As one of the nation’s first owners of General Motors’ new electric Chevrolet Blazer, James Hattin was loving the SUV—before the problems began. On a trip from the mountains back to his home in Burbank, Calif., he and his wife heard weird clicking noises coming from the dashboard. A short time later, the cruise control went out.

SANTA CLARA, Calif. — In a move to expand its payment solutions, Shift4 (NYSE: FOUR), a prominent integrated payments and commerce technology provider, has selected MagicCube's i-Accept as its preferred software-based point of sale (softPOS) system. This partnership, announced today, enables Shift4's merchant network to process secure contactless payments directly on Android devices.