Software Financial News

OUR GUEST this week asks to be introduced properly as a hyper-SUV: The Lotus Eletre, assembled in Wuhan, China, is the first all-electric Lotus of its post-petroleum era. In 2017, Chinese conglomerate Zhejiang Geely Holding Group took controlling interest in the 75-year-old manufacturing concern, based in Hethel, England, and has since spent more than $2 billion turning smoky, drafty old Lotus into Lotus Technology, a luxury electric hothouse. To say Lotus got the better end of the deal is heroic understatement.

Check out the companies making headlines in midday trading.

Researchers have developed a new artificial intelligence (AI) model that can predict the risk of long-term visual impairment in patients with high myopia, one of the top three causes of irreversible blindness in many regions of the world. The team at the Tokyo Medical and Dental University (TMDU) said its machine-learning model works well for predicting-and visualising-the risk of visual impairment over the long term.

Infosys will announce its quarterly results for the three and nine months ended December on January 11, the company informed the exchanges. «A meeting of the Board of Directors of the company will be held on January 10 and 11, 2024, inter alia to approve and take on record the audited consolidated financial results for the quarter and nine months ending December 31, 2023,» the company said in a filing. In the second quarter, the Bengaluru-based company reported a 3% growth in consolidated net profit at Rs 6,212 crore. Consolidated revenue grew nearly 7% YoY to Rs 38,994 crore. In an unexpected move, the software major tweaked its guidance for FY24 in the September quarter.

Auto expert Mike Caudill argues Elon Musk's design of the Tesla Cybertruck will push potential buyers away on 'Cavuto: Coast to Coast.'

Investing.com — U.S. stocks rose Thursday, adding to the previous session’s strong gains after the Federal Reserve signaled interest rate cuts to start next year, helped by a bounce in retail sales.

Multiple popular decentralized applications (dApps) have been compromised following a hack against a popular Web3 connector on Wednesday, numerous software experts confirmed on Thursday.

Teylor originates and manages SME loans through its Teylor credit platform, a suite of software modules that enable financial institutions to build, deliver and scale digital credit products The firm has processed more than €3 billion in SME debt over the past three years.By tokenizing part of this credit portfolio on the Taurus infrastructure and TDX regulated marketplace, professional private debt investors can now participate in the returns through a secure blockchain-based secondary market. The TDX platform distributes the principal and interest monthly to the security token holdersPatrick Stäuble, CEO and founder at Teylor, says: “Our credit portfolio of high-quality SME loans is funded through private transactions with large-cap financial institutions.

Tesla introduced Autopilot software in October of 2015 with CEO Elon Musk heralding it as a profound experience for people

Investing.com — Stocks in New York moved lower in early trading on Tuesday, after data showed that consumer price growth in the U.S. slowed in line with expectations in November.

Betwhale is an online casino and sportsbook with a wide range of betting options and generous bonuses. It’s a one-stop hub for casino favorites like blackjack and roulette as well as football betting, esports betting, and more.

Persistent Systemsas its top pick of the week. This is on the back of accelerating demand for ER&D services, robust demand for product engineering services, and hopes that digital solutions will accelerate revenue growth. The brokerage has a ‘buy’ recommendation on the stock with a target price of ₹7,115, indicating an upside of 10 percent from its current market price of ₹6,526.

Avoid Maintaining Full Charge: Electric vehicles are equipped with a battery management system that safeguards against extreme charging levels. Maintaining the state of charge between 0% and 100% enhances both battery life and overall vehicle performance. While a full charge may provide maximum operating time, consistently keeping the battery at this level is not advisable for its long-term health. Limit Fast Charging: While fast charging is convenient for quickly replenishing batteries, it places significant stress on the EV battery.

India is experiencing a demographic dividend and will continue to do so for a long time, according to Dr Ajit Ranade, Vice Chancellor, Gokhale Institute for Politics and Economics, Pune He was speaking at the 5th CUTS 40th Anniversary Event held in the Symbiosis School of Economics in Pune on Monday. The event was titled ‘What Would it Take India to Realise its Potential Growth?’ As the Chair of the event, Dr Vijay Kelkar emphasised on the idea that India needs to adopt a universal approach and not just a narrow outlook on the economic front.

Bharat Petroleum Corporation Ltd (BPCL), Dhyaani Tile and Marblez, Safari Industries, SIS Ltd, and Sonata Software Ltd will be in focus when the stock market opens on December 12 (Tuesday). This comes as the board of directors of these companies have declared an interim dividend, bonus issue, and buyback of shares for eligible shareholders. BPCL: BPCL has declared an interim dividend of ₹21 per share.

A federal court jury has decided that Google’s Android app store has been protected by anticompetitive barriers that have damaged smartphone consumers and software developers, dealing a blow to a major pillar of a technology empire

Infosys, India’s second-biggest technology outsourcing company by market value, has called upon employees to work from office at least three days a week and plans to soon make it mandatory after management requests to resume the normal office routine went largely unheeded, ET has learnt. The directive comes even as Infosys cofounder NR Narayana Murthy has made repeated references on70-hour work weeks to enhance productivity and economic growth.

Microsoft Corporation has tied up with American labour unions to prepare an “open dialogue" to understand how artificial intelligence will shape the workforce in the future. The Redmond, Washington-based software giant is allying with the American Federation of Labour and Congress of Industrial Organizations.

Bard, a Generative Artificial Intelligence (AI) model, had resulted in a much more formidable competitor to the Microsoft-backed Open AI’s ChatGPT. Google’s new model is called Gemini, and it can work with video, images, and of course text, and is an attempt to re-establish Google as a world leader in AI. The model is already available in over 170 largely English-speaking countries and comes as an add-on to Bard.

Stellantis India on Monday said it has appointed Aditya Jairaj as CEO and Managing Director of the company with effect from Jan 1, 2024. Jairaj, currently Deputy Managing Director, Stellantis India and Head — Jeep India, will succeed Roland Bouchara, who will be assigned to another function in Europe after six and a half years of leading Stellantis in India, the company said in a statement.

MetaMask, a prominent cryptocurrency software wallet, has announced its expansion into six countries through new partnerships.