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Markets expected to consolidate due to elevated valuations

Dec 17, 2023

New Delhi, Dec 17 (IANS) Geojit Financial Services Head of Research Vinod Nair has said a near-term consolidation in the market is expected due to elevated valuations, concerns over El Nino, and a slowdown in world GDP."The market surged to new highs, buoyed by positive indicators from both domestic and global fronts. Robust domestic industrial…

Wealthy, white men have exclusive access to OpenAI’s tech: Report

Dec 17, 2023

San Francisco, Dec 17 (IANS) Sam Altman-run OpenAI has come under fire for a 'glaring lack of diversity' and its new board now consists of just three white men, triggering debate over OpenAI's mission to "benefit all of humanity".According…

Business

Hyundai Motor joins UAE’s sovereign wealth fund for eco-friendly mobility

Dec 17, 2023

Seoul, Dec 17 (IANS) Hyundai Motor, South Korea's top carmaker, said on Sunday it will join hands with the United Arab Emirates' sovereign wealth fund as part of efforts to strengthen its presence in the eco-friendly and future mobility…

Business

Lab-grown diamonds add glitter to booming gems and jewellery business

Dec 17, 2023

New Delhi, Dec 17 (IANS) India has been a big foreign exchange earner from IT and IT services. Our leading companies were earlier targeted as body shopping outfits and many thought that they would wind up post Y2K. Nothing of that sort…

Business

‘I am all over the place’: Rajeev Chandrasekhar on whether he uses ChatGPT, Bard

Dec 17, 2023

New Delhi, Dec 16 (IANS) Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar, when asked how much he used different AI tools such as OpenAI's ChatGPT and Google's Bard, said that he was all over the…

Business

Dharavi project was awarded to Adani Group through fair, open, internationally competitive bidding…

Dec 17, 2023

Mumbai, Dec 16 (IANS) The Dharavi project was awarded to the Adani Group through a fair, open and internationally competitive bidding process, the spokesperson of Dharavi Redevelopment Project Pvt Ltd (DRPPL) said in a statement.“It is…

Business

YouTube adds song play counts, AI playlist art creator in Music app

Dec 16, 2023

San Francisco, Dec 16 (IANS) Google-owned YouTube has added play counts for every song in its Music app and broadened the availability of the generative AI creator for playlist art. Users will now see the play count for every track when…

Business

Pakistan’s inflation rate at six-month high of 43%

Dec 16, 2023

Islamabad, Dec 16 (IANS) Pakistan’s weekly inflation rate remained at a six-month high of 43.16 per cent in the week ending December 14, as soaring food prices continued to squeeze consumers, a media report said.The main drivers of the…

Business

Talent is much more fundamental challenge in AI: Rajeev Chandrasekhar

Dec 16, 2023

New Delhi, Dec 16 (IANS) Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar on Saturday said technological talent, not chip-driven compute power, is the key to India's progress in artificial intelligence…

Business

PLI Scheme turns out to be a game changer for manufacturing sector

Dec 16, 2023

New Delhi, Dec 16 (IANS) The Production Linked Incentive (PLI) Scheme, launched by the Narendra Modi government in March 2020, has turned out to be a game changer in giving a big push to India’s manufacturing sector, employment generation…

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