Target Financial News

Jawan released last year, no Hindi movie has managed to draw big numbers in Tamil Nadu Kerala, Andhra Pradesh and Telangana, once lucrative markets for commercial films featuring top stars like Shah Rukh Khan and Salman Khan. With mainstream commercial elements missing from most Bollywood films, southern movies continue to dominate their native states.

AI startup OpenAI said on Thursday its chatbot ChatGPT now has more than 200 million weekly active users, double the number it had in the last fall season. ChatGPT, launched in 2022, can generate human-like responses based on user prompts and had 100 million weekly active users, OpenAI CEO Sam Altman had said in November. OpenAI said 92% of Fortune 500 companies are using its products and the use of its automated Application Programming Interface, or API, which allows software programs to talk to each other, has doubled since the launch of ChatGPT-4o mini in July.

Lupin, while Macquarie maintains a neutral view on Reliance Industries. Citi and Investec have «buy» ratings on Bharti Hexacom and Sunteck Realty, respectively. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

Google DeepMind's India unit is working on an Indic language AI project called Morni (Multimodal Representation for India) which aims to cover 125 Indian languages and dialects to build inclusive and equitable Indic AI. «So India has 22 scheduled languages, which are viewed as official languages. But in our work, we are targeting over 100 Indian languages, because we find that there are 60 Indian languages which have over a billion speakers and over 125 languages that have over a lakh speakers each,» said Manish Gupta, Director of Google DeepMind, Google India. He was speaking at the Global Fintech Fest in Mumbai on Thursday. He explained that 73 out of these 125 languages had zero corpus of digital data available. Even for a languages like Hindi, which is now spoken by close to 10% of the world's population, the share of Hindi text on the internet is 0.1%.

economic data pared bets for aggressive Federal Reserve interest rate cuts. The euro languished close to a two-week low to the dollar as cooling inflation in Germany and Spain boosted the case for European Central Bank easing.

Buy or sell stocks today: The Indian stock market indices, Sensex and Nifty 50, hit record highs on Thursday, August 29, fueled by index heavyweights such as Reliance Industries, Tata Motors, and ITC. The trading session marked the 11th successive day of Nifty closing in the green.

bullish futures bets to the September series on the expiry of the August contracts on Thursday as technical indicators are pointing to more upside in the near term, said analysts. Provisional trends, according to analysts, showed the rollover to the September derivatives series was higher than normal.

INS Arighaat, was commissioned on Thursday. Vizag-made indigenous submarine has undergone thorough trials and is ready for deterrence patrols. It joins INS Arihant, India’s first such submarine that undertook first deterrence patrols in 2018.

South Korea’s Constitutional Court has ordered the government to back its climate goals with more concrete plans for action through 2049

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A former insurance agent who posed as a securities broker – without the appropriate licenses – has become the target of the Maryland Securities Commissioner after he took $100,000 from elderly customers and never returned it to them.

Yemen’s Houthi rebels have released footage showing that they boarded and intentionally set explosives aboard a Greek-flagged tanker that was earlier abandoned after they repeatedly attacked it, putting the Red Sea at risk of a major oil spill

Berkshire Hathaway touching the $1 trillion mcap. This massive market capitalization was earlier unheard of for nanotech companies, but Berkshire Hathaway has made it possible as the world's first company to achieve this target.

Russia conducted a heavy aerial attack on Ukraine for the third time in four days Thursday, again launching missiles and scores of drones that mostly were intercepted, Ukraine's air force said. Russian forces fired five missiles and 74 Shahed drones at Ukrainian targets, an air force statement said. Air defenses stopped two missiles and 60 drones, and 14 other drones presumably fell before reaching their target, it said. Authorities in the capital, Kyiv, said debris of destroyed drones fell in three districts of the city, causing minor damage to civilian infrastructure but no injuries. Russia's relentless and unnerving long-range strikes on civilian areas have been a feature of the war since it invaded its neighbor in February 2022.

SEOUL—Dozens of South Korean children sued their government over inadequate policies targeting climate change, arguing their rights to live in a clean environment had been violated. On Thursday, they earned a major legal victory. South Korea, home to major semiconductor, battery and electric-vehicle makers, has pledged by the end of this decade to reduce carbon emissions by 40% from a 2018 benchmark.

The U.S. economy grew last quarter at a healthy 3% annual pace, fueled by strong consumer spending and business investment, the government said in an upgrade of its initial assessment

Motilal Oswal Financial Services, L&T Tech’s new strategy may not alter its growth path in the short term, but it could open up new avenues for growth, especially in hitherto weak areas such as mobility—a fast-growing segment for its peers. Against this backdrop, the company’s renewed strategy is a step in the right direction. However, the targets seem ambitious.

Nvidia has made life at the top look easy. But staying there is going to be anything but. The chip maker, which has gone from a niche videogame component supplier to a $3 trillion enterprise in just a few years, put up another round of strong results Wednesday.

RIL AGM Highlights 2024: At the 47th Annual General Meeting (AGM) of Reliance Industries Ltd (RIL), shareholders are bracing for key announcements that may impact the conglomerate’s future growth trajectory. The meeting, widely watched for its impact on market sentiment, could reveal important updates across RIL's diversified business sectors, including telecom, retail, oil, and new energy. The spotlight will likely be on Reliance Jio, with expectations centered on its monetisation efforts following a recent tariff hike and the completed rollout of 5G services across India. Jio has been a driving force for RIL’s growth, and investors are keen to hear about new targets, partnerships, and strategies for maintaining its momentum. RIL’s AGM has traditionally been a platform for major announcements. Last year, the company unveiled a comprehensive five-year succession plan, placing Mukesh Ambani’s three children at the helm of different business divisions. This year, similar updates may follow, particularly regarding the oil-to-chemicals business, retail operations, and new energy initiatives.

West Bengal CM Mamata Banerjee's «If you burn Bengal, Assam, North-East, Uttar Pradesh, Bihar, Jharkhand, Odisha, and Delhi too shall burn!» remarks, Union Minister Giriraj Singh on Thursday compared Mamata Banerjee to North Korea' Supreme Leader Kim Jong-Un and said Mamata can't tolerate her opposition similar to him. Taking the reaction further, Singh said that this can't be the language of a democratic person. On West Bengal CM Mamata Banerjee's speech, Union Minister Giriraj Singh said, «This can't be the language of a democratic person, of a Chief Minister. North Korean leader Kim Jong-Un doesn't tolerate his Opposition. Similarly, Mamata Banerjee doesn't tolerate the words of her Opposition.»