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NVIDIA MGX, a modular reference design, Netweb’s AI systems will target complex workloads of HPC, data science, large language models, edge computing, enterprise AI, and design and simulation. The product range will also support handling a wide range of simultaneous workloads such as AI training, inference, and 5G on a single system. At the same time, the designs ensure seamless upgrades for upcoming hardware generations.

insurance premiums, lowering of investor confidence in a country seen to be dangerous, and the psychological impact of all-pervasive surveillance and security measures, apart from its corrosive effect on democracy, are all incalculably costly in the long run. On top of this is the loss of velocity of virtually all movement, be it of goods, people or money, congealing the flow of the global economy. Aircraft have lower utilization because of security delays, cash registers in malls slow, and there is a ‘security surcharge’ that we pay.

With drones finding wider applications, Magellanic Cloud is expecting that its order book from the segment may increase to Rs 200-400 crore in FY24 with the potential of reaching Rs 2500 crore in FY25. “On securing the DGCA license we are confident on getting immediate orders of 100-150 drones and in the course of time we shall look for bigger orders with a smooth facilitation process,” said Sanjay Chauhan, CFO, Magellanic Cloud. Edited excerpts from an interview: After an impressive growth in the first two quarters of the fiscal year, how do things look like for the next two quarters of the fiscal year? We have set an ambitious goal to boost revenue by approximately 30-40% in the fiscal year 2024. This reflects our confidence in our business model and strategic direction. The company is committed to sustaining a robust net profit margin after tax, maintaining a steady 15-20% of revenue from operations. This again demonstrates the determination of Magellanic Cloud towards its growth and aims to establish itself as a leader in the market.

(Reuters) — China-founded fashion company Shein has confidentially filed to go public in the United States, two sources familiar with the matter told Reuters on Monday.

Here are the key issues in the two-week COP28 negotiations starting Nov. 30 in Dubai. TAKING STOCK OF CLIMATE PROGRESS The main task at COP28 is a first-time assessment of countries' progress towards meeting the 2015 Paris Agreement's goal of limiting the global temperature rise to «well below» 2 degrees Celsius, while aiming for 1.5C. With global efforts lagging, countries will try during this «global stocktake» to agree on a plan to get the world on track to meet climate goals, which could include urgent steps towards cutting CO2 emissions or boosting green technology investments. As the COP28 talks begin, countries are at odds over whether this exercise should put the onus on all countries or just the world's wealthiest countries to do more because they released the most planet-warming emissions historically. Countries are expected to update their national emissions-cutting targets and plans by 2025. FUTURE OF FOSSIL FUELS The toughest talks at COP28 may focus on the future role of fossil fuels, and whether countries should commit to start phasing out the use of CO2-emitting coal, oil and gas. Countries agreed at COP26 to phase down the use of coal, but they have never agreed to quit all fossil fuels — the main source of planet-warming emissions. The United States, European Union and many climate-vulnerable countries are insisting on a final COP28 deal that commits countries to phase out fossil fuels.

Buy or sell stocks for today: Last week, Indian stock market remained range-bound despite Nifty 50 index forming bullish candle on the weekly chart pattern. The 50-stock index went off 7 points and closed at 19,794 levels, BSE Sensex ended 47 points lower at 65,970 mark whereas Bank Nifty index gained 191 points and finished at 43,769 levels on Friday last week.

Tata Consultancy Services: The IT services giant has launched its AWS generative AI practice to help customers harness the full potential of artificial intelligence (AI) and AWS generative AI services to transform different parts of their value chain and achieve superior business outcomes. Separately, the company faces $210 million penalty in DXC lawsuit.

JP Morgan Asset Management fixed income portfolio manager Kelsey Berro discusses when the Fed might start lowering interest rates on Making Money.

central bank digital currencies (CBDC), sources close to the development told ET. An internal Reserve Bank of India (RBI) working group has been exploring the best technology path to develop a roadmap for such direct transactions between two countries. CBDC, or the equivalent of paper money in a digital form, has the potential to be a game-changer, particularly in facilitating cross-border settlements that currently require the Swift platform for routing funds through banks.

oil companies in India have spent ₹65,000 crore on capital expenditure during the first seven months of this financial year, underscoring their rapid expansion to meet surging demand for energy in one of the world's fastest-growing economies. These companies had set a capex target of ₹106,000 crore for the year through March 2024, and they have already achieved 62% during the April to October period, according to oil ministry data. IndianOil, the nation's top refiner and fossil fuel retailer, has already spent two-thirds of this year's budget of ₹30,000 crore. The company has been spending on a range of projects from petrochemicals to pipelines, fuel marketing, and natural gas infrastructure. IndianOil is targeting to boost its refining capacity to 107 million tonnes per annum (mtpa) by 2025 from the current 70 mtpa Oil and Natural Gas Corp., the largest domestic producer of oil and gas, is the second-highest spender among the state-run oil companies.

Nifty is anticipated to trade within a range, and a move above 19,900 could trigger an extended rally possibly to new life highs, according to technical analysts. Conversely, in the event of profit booking, initial supports may emerge around 19,500-19,400. Stocks such as Bharti Airtel, Bajaj Auto, NTPC, Jindal Stainless, RIL, Lupin, BHEL, Divi’s Lab, Bharat Forge, and Oberoi Realty could attract strong buying interest, they said. SAMEET CHAVAN HEAD RESEARCH-TECHNICAL AND DERIVATIVES, ANGEL ONE Where is Nifty headed? Throughout the last week, the Nifty encountered resistance around the 19,850-19,900 zone, near the previous swing high.

After-Hours Stock Movers:

The profligate Trudeau government is proposing a tax reform to ensure fair tax contributions from all, but in reality it’s nothing more than a stealth tax hike designed to fill government coffers at the expense of Canadian charities. The tax grab is coming by way of proposed changes to the alternative minimum tax (AMT), and the country’s donors and charity fundraisers are upset.

The decentralized exchange protocol recovered the funds following a security attack last week.

Google has issued a warning to users with dormant accounts — sign in by the end of the week or face potential deletion. The tech giant's updated policy, announced earlier this year, targets accounts inactive for over two years, citing security vulnerabilities tied to outdated passwords and lacking security measures. Accounts categorized as «inactive» are susceptible to being erased starting Friday.

Bank of India (RBI) introduced an incremental cash reserve ratio (ICRR). About ₹1.1 trillion withdrawn through it turned the market around. From a state of surplus liquidity, the system now tends to be in a state of deficit on several days, exhibiting some curious tendencies.

TD Cowen analysts raised the price target on Textron (NYSE:TXT) to $88 from $86 per share in a note Monday, maintaining an Outperform rating on the stock.

National Skill Development Plan, said people familiar with the development. It will help map human resource requirements in each district of the country which will form the basis for setting up skilling targets under the fourth-phase of the flagship skilling scheme, Pradhan Mantri Kaushal Vikas Yojana (PMKVY 4.0), they said. The move signals a strategic shift since targets have so far been based on sector-wise demand, said a senior government official. «The idea is to expand outreach of the Skill India Mission and ensure employment generation even at the district level and below while also preventing large-scale migration to urban centres for work,» said the official, who did not wish to be identified. The proposed plan will focus on aspects including labour market and skill gap analysis, mapping demand for skilled workforce in the formal sector and employment generation capacity in each district. The demand and supply map of skilled manpower at the district level will then be used to formulate dedicated district plans that will flow into the state skill development plans, officials said. The Ministry of Skills Development and Entrepreneurship (MSDE) is gearing up to launch the fourth phase of the flagship skilling scheme, which is yet to secure the cabinet's approval. However, the government has moved ahead with the first round of financial sanctions under the scheme, said one of the officials.

higher emissions by 2030 if they continue with the business-as-usual approach instead of cutting carbon dioxide and greenhouse gas emissions by 50% of 2019 levels by end of decade, according to a new blog by International Monetary Fund researchers before United Nations Climate Change Conference or Conference of the Parties of the UNFCCC 2023 or CoP28 summit. The researchers highlighted that countries would fall woefully short of the 50% target even if they were to follow their nationally determined contributions.

Telsey Advisory Group expects Costco (NASDAQ:COST) to post a solid November sales report after the close on Wednesday, November 29, the firm said in a note Monday.

Nirmala Sitharaman said on Monday, describing exchange rate fluctuations and high-interest rates as downsides for the Indian economy. Speaking virtually at the India Global Forum held in the UAE, Sitharaman said high-interest rates, especially in advanced countries, “will have a bearing on investments into India." “The domestic market and our macroeconomic fundamentals are fairly well-rooted. India is comfortably placed because of our stable policy and predictable tax domains, but factors outside are not in our control," Sitharaman said.