Software Financial News

Gurmeet Chadha, CIO & Managing Partner, Complete Circle Consultants, says “we are playing power through power generation which is Tata Power, also had some exposure to CG Power. Then we are playing it through the transmission space which is Power Grid, among others. Some of the stocks are fairly valued, including Coal India and NTPC. So that is one way. Then we have the renewable sources to play, which is Praj Industries and that is more on bio-fuel. The third way is through the financiers and just see the move in REC and PFC, the way they have run up. That has been the most long, secular play.” What all do you own in power because from legacy companies, wires and cables, transmission towers, financiers, there is a big bouquet out there in power? Absolutely. And as we were discussing in the morning we are playing it through power generation which is Tata Power, also had some exposure to CG Power. Then we are playing it through the transmission space which is Power Grid and there is a proxy play to power through a company which is basically a defence company into explosives, got the largest order from Coal India for Rs 3000 crore – Solar Industries. The stock has run up quite a lot. 40% of the revenue comes from Coal India, which again is mainly on power generation.

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OpenAI saga over the past week has brought attention to artificial general intelligence (AGI), especially with the revelations in a Reuters report that several researchers at the company had warned its board of a «powerful artificial intelligence discovery that they said could threaten humanity». So, what is AGI, how is it different from generative AI that powers OpenAI’s ChatGPT and what's at stake? An ET explainer:

A jury should decide whether Tesla and Elon Musk oversold the electric car company’s Autopilot system and caused the fatal crash of a man who engaged it and took his hands off the steering wheel

Computer chip and software maker Broadcom says it has cleared all regulatory hurdles and plans to complete its $69 billion acquisition of cloud technology company VMware on Wednesday

Automaker Stellantis has announced a recall of more than 32,000 of its hybrid Jeep Wrangler SUVs because they pose a potential fire risk

Crypto wallets are vulnerable to hacking.

By Anna Tong, Jeffrey Dastin and Krystal Hu

LTIMindtree Ltd. fell 0.21 per cent to Rs 5542.7 in Thursday's session as of 11:16AM (IST) even as the equity benchmark Sensex traded 18.42 points higher at 66041.66. Earlier in the day, the stock witnessed a gap up start to the session.

Dipan Mehta, Director, Elixir Equities, says “For Mumbai-based realty companies going into NCR is another different game altogether. I do not see too many companies, apart from Godrej Properties, which have successfully created a pan India operation worth mentioning. So we will wait and watch and see how Oberoi’s foray into NCR is shaping up. But nonetheless, I think real estate companies are on a song.” While we spend a lot of time discussing HDFC Bank, Reliance, Zomato and Paytm, we do not perhaps discuss Tube Investment, Carborundum, Chola, EID, Parry. These are the real gems of the south, so to speak. You are absolutely right. These are nice low profile companies. They just get on with their business and deliver exceptional returns. CG Power has been a fantastic multibagger stock and what a fantastic turnaround story it has been and kudos to Tube Investment for identifying this opportunity and buying into it and turning it around so quickly and creating so much value for the shareholders. By and large these are very well managed companies. They have sound capital management policies and they generally do not diversify away from their core operations. They have been market darlings, although they are not that much in the public eye in terms of news flow, but nonetheless they are great performers.

Hackers are currently targeting a critical Apache ActiveMQ vulnerability to download and infect Linux machines with the Kinsing malware and crypto miner.

OpenAI announced the return of Sam Altman, its ousted chief executive officer, along with a revamped board that included one name not often associated with Silicon Valley: Larry Summers. The economist and former Treasury Secretary joined Bret Taylor, a former co-CEO of Salesforce Inc., and existing board member Adam D’Angelo in forming what the company called an “initial board." OpenAI’s prior directors fired Altman suddenly on Friday, setting off a dramatic saga that cast doubt on the future of the most closely-watched startup and technology. OpenAI said it was still working to “figure out the details" of its new management in a post online.

Despite Nvidia's (NASDAQ:NVDA) Q3 earnings significantly surpassing expectations, investors initially chose to divest. Nvidia stock has surged by 242% YTD to reach the $500 mark, but the chipmaker's earnings report triggered a 2.5% decline after the release.

Nvidia (NASDAQ:NVDA), the leading global semiconductor company by market capitalization, reported strong third-quarter earnings and provided a positive outlook for the fourth quarter.

New Delhi (India), November 22: Mobile applications are considered to be the best evaluation that has brought significant change to global businesses. Whether it could be for a retail store looking for ways to connect with its target audience or an enterprise making sure its team stays connected and well-informed; mobile applications can do it all.

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The benchmark equity indices are trading in negative territory on Wednesday. The NSE Nifty 50 is trading at 19,741.55 down 021%, while the BSE Sensex is trading at 65,780.75 down 150.52 points. Smallcap stocks are leading the losses among the broader indices. PSU Bank, Realty, Metal and Media stocks are facing a downward trend among the other sectoral indices while Pharma, Healthcare, Auto and IT trade in green. 

Epic Games CEO Tim Sweeney has portrayed Google as a ruthless bully that resorts to shady tactics to protect a predatory payment system

eBay arbitrage tools that can help Amazon sellers capitalize on these opportunities. Flipl.io stands out as the premier eBay arbitrage tool, designed with a laser focus on facilitating eBay to Amazon arbitrage. It is a comprehensive platform that scans over 3 million Amazon products listed on eBay, providing users with the most profitable deals to flip.