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Markets take a breather before RBI policy announcement

Dec 7, 2023

New Delhi, Dec 7 (IANS) After a flat opening Nifty traded volatile on the weekly expiry and ended the session at 20,901.15 levels. On the other hand Bank Nifty took support near 46,500 and managed to close in green at 46,841.40 before the RBI's fifth monetary policy of the financial year 2023-24 on Friday, says Deven Mehta, Research Analyst, Choice…

Facebook, Instagram ‘breeding ground’ for child predators: US lawsuit

Dec 7, 2023

San Francisco, Dec 7 (IANS) Facebook and Instagram have become a "breeding ground" for child predators targeting children for human trafficking, grooming and solicitation, and certain child exploitative content is over "10 times more…

Business

SK hynix sets up new unit in charge of AI chip business

Dec 7, 2023

Seoul, Dec 7 (IANS) SK hynix, the world's second-largest maker of memory chips, said on Thursday it has set up a new unit charged with the artificial intelligence (AI) semiconductor-related business as part of its strategy to focus more on…

Business

AWG downgrades India again as lessors fail to get back planes from Go First

Dec 7, 2023

New Delhi, Dec 7 (IANS) Global watchdog group Aviation Working Group (AWG) downgraded India to "negative" from "positive" on Thursday as foreign lessors have not been able to get back their aircraft from Wadia group’s grounded airline Go…

Business

AMD launches new chips to run large language models in advanced GenAI era

Dec 7, 2023

San Francisco, Dec 7 (IANS) AMD has announced new accelerators and processors for running large language models or LLMs, as graphics chip maker Nvidia leads the generative AI chips race.The AMD Instinct MI300X chip offers industry-leading…

Business

Dunzo fails to pay Nov salaries to its present employees: Report

Dec 7, 2023

New Delhi, Dec 7 (IANS) Homegrown quick-grocery delivery provider Dunzo has failed to pay November salaries to its current employees, despite partnering with OneTap, a revenue financing firm, earlier this year, media report said on…

Business

Tata Power shares up 12 per cent after upgrade

Dec 7, 2023

New Delhi, Dec 7 (IANS) Tata Power is up 12 per cent in trade on Thursday after an upgrade by a brokerage. Tata Power is trading at Rs 329 on BSE up by 12 per cent.JM Financial Institutional Securities said in a research that Tata Power's…

Business

Big silence from insurance industry after cyclone Michaung flooded Chennai

Dec 7, 2023

Chennai, Dec 7 (IANS) The Indian insurance industry, including the sectoral regulator, is strangely silent on helping the policyholders affected by cyclone Michaung on the steps to be taken to prefer a claim – loss of property and life.…

Business

Govt going for vote on account on Feb 1, no big bang announcements: Sitharaman

Dec 7, 2023

New Delhi, Dec 7 (IANS) Finance Minister Nirmala Sitharaman has said that the upcoming Union Budget on February 1, 2024 to be presented in Parliament ahead of the Lok Sabha elections will not be a regular budget but only a vote on account…

Business

Low quality small and midcap stocks in bubble zone

Dec 7, 2023

New Delhi, Dec 7 (IANS) Weak (low growth plus low quality) mid Caps and small Caps are in bubble zone and caution is advised. Strong (high growth plus high quality) Mid Caps and Small Caps present an opportunity for long term investors,…

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