The global economy is currently facing uncertain times, amid bank collapses and job cuts at major US-headquartered corporations. India’s chief economic advisor, V Anantha Nageswaran, recently stressed the need for corporations, households and investors to maintain a margin of safety in these volatile times.
Key indices Nifty50 lowered over 50 points to trade below 17,100 levels. The S&P BSE Sensex declined over 300 points to trading around 57,911 levels in march. Markets inched lower in trade as Nifty Midcap 100 and Nifty Smallcap 100 fell up.
The current market price (CMP) of the index is 393.75, and it has been trading in a narrow range between 389 to 402. A bullish breakout is expected if the index closes below the support level of 389.
The summer is drawing close, and air conditioners are flying off the shelves. India, part of the Japanese conglomerate Hitachi, wants to make most of it.
New features include AI Prompts, chatGPT, and chatSonic. Users can shorten a long confusing text or explain it to them. The new features will help generate ideas, summaries, translations, and itineraries.
The new centre, spread over 18.55 acres, will look after emerging requirements of the and the financial sector. The central bank highlighted the need to augment the RBI’s existing computing infrastructure and to support the same through cutting edge facilities for research.
The new data centre and the training institute spread over 18.55 acre, when commissioned, will cater to emerging requirements of the Reserve Bank and the financial sector. The chief secretary to Government of Odisha and other senior officials were present on the occasion.
The current market price of index is 12,141.95. Support level for this index is expected to be in the range of 11,800-12 000. A technical rebound may be expected shortly in the index and its components.
Nifty has closed above its 5 days EMA, which is the first sign of trend reversal. Traders advised to go long with 16,900 stoploss in the Nifty. FII’s have been heavily short in index future for last two months.
The total market cap of the crypto assets, at $1.16 trillion, was the highest since June 2022. Many observers see this as a watershed moment in crypto's evolution as an asset class. Several major global banks have collapsed.
The key benchmark indices started Tuesday's session on firm ground tracking positive global cues. The BSE Sensex opened 250 points higher at 59,913, and the NSE Nifty50 gained 65 points to reach right above 17,050.
Scientists from the intergovernmental panel on (IPCC) said it faces high risk of climate change’s impact in the form of heat waves and cyclones. The money for climate finance should come as a grant rather than debts and loans.
The 5G smartphone market is expected to grow by over 60 per cent in 2023. The premium smartphone market in india is projected to increase by more than 30 per cent, he said.
A contact's profile photo has been added to the top of messages for android. It is the same image that appears in the main list of conversations. The company is now emphasising that shortcut by showing their profile pictures.
Indices Nifty50 tumbled over 250 points or 1.6 per cent to hit an intra-day low of 16,828 levels, whereas the S&P BSE crashed over 900 points or 1.5 per cent. All sectors, on the other hand, plunged in the sea of red, with the PSU Bank, and Metal indices declining up to 3%.
The study titled Pathways to Atmanirbhar Bharat also notes India's energy needs an investment of USD3 trillion in the coming decades. It says that achieving energy independence will generate significant economic, environmental, and energy benefits.
The number of unemployed will increase by over 2 to 8 million by 2022-23. The upcoming torrent of is the direct outcome of a self-inflicted conscious decision.
The new recently played songs toggle can be found in Settings > Downloads and storage for those with a Premium subscription. It is independent of the existing smart downloads feature, which goes up to 500 songs and is based on music deemed to be favourites.
A $2.9 billion bailout package for the country is set to be approved on monday. The package will include budgetary support to the government, he added.
Mercedes-Benz India is delaying some of the launches due to supply chain constraints. The company had planned to launch ten new products this year. It is pushing it to the second and third quarters of 2023 (calender year)
OneWeb is one step away from completing its constellation of over 600 low earth orbit satellites. The company has launched internet from space services in countries located above 50 degrees north latitude. This last launch with ISRO/NSIL will mark over 600 satellites in space.
The video unblur tool will make the users' videos crisp and clear, reports 9To5Google. The tool leverages the machine learning capabilities of the Tensor chip to sharpen photographs.
The embassy in Islamabad has asked the embattled country to loosen forex restrictions which pose a hurdle in coal imports due to which Chinese power plants in Punjab, Balochistan and Sindh are not working optimally. Embassy said the urgent messages from China were conveyed to the planning commission on March 13, 2023.
The OECD has revised upwards its growth estimate for India by 20 basis points to 5.9 per cent for FY24. In the December quarter of FY23, the economy grew 4.4 per cent year-on-year. The grouping of rich nations said more positive signs have started to appear in the global economy.
A 50-billion-franc credit line from the Swiss National Bank to Credit Suisse helped it mitigate a collapse in investor confidence. A proposed merger with UBS Group AG was turned down by both entities. Investors will be keenly tracking the Federal Reserve's monetary policy announcement next week.
More than 200 cases across india at the end of february, which rose to 618 as of March 16. A total of 3038 laboratory confirmed cases of various subtypes of Influenza including H3N2 have been reported till 9 March 2023.
The total crypto market cap jumped from $922 billion on march 10 to $1.1 trillion on Friday. The price of was up 33 per cent in the last week and was trading at $26,421. Ethereum was up 23 per cent during the same period, trading at $1,728. It was Bitcoin's Layer-2 scaling solution Stacks (STX) that saw a huge surge of 50 per cent.
Education remains an important factor for development, but most children across the country do not have access to quality education, MLA said on friday. We need to start thinking about raising our voice to face the challenges in our country.
Pact with the IMF would open up access to other financing avenues for Pakistan. The country needs to repay about $3 billion of debt by June, while $4 billion is expected to be rolled-over.
Key indices Nifty50 climbed over 100 points to trade above 17,100 levels. The S&P BSE Sensex advanced over 400 point to trade around 58,078. India VIX meanwhile slipped over 5 per cent.
The 365 Copilot is integrated in the productivity apps, including Word, Excel, PowerPoint, Outlook, and Teams.COpilot in Excel helps synthesize and manage the inbox to allow more time to be spent on actually communicating.
The feedback unit was allegedly doing political snooping, officials said. The agency has booked sisodia, a 1992-batch IRS officer and retired CISF DIG.
In the first two months of 2023, the retail sales growth was only matching the expected percentage and real estate investment falling further. The investment in fixed assets (excluding rural households) reached 5,357.7 billion yuan, up by 5.5% year on year, 0.4 percentage points higher than that of the year 2022.
Retail sales rose 3.5% from the same period last year, figures show. Industrial output growth accelerated to 2.4% in the two-month period. Jobless rate rose to 5.6% following the Lunar New Year holidays.
A third-party evaluation is being carried out by the Indian Institute of Public Administration (IIPA) to identify the hurdles in its implementation. The scheme was launched in February 2019, with workers in the age group of 18-40 years and a monthly income is Rs 15000 or less, and not under the ambit of other social security schemes.
The company plans to launch its first internet satellites to space in the first half of 2024. The satellites will be the first of over 3,000 satellites the technology giant will launch in low-Earth orbit.
A book of loans held by Silicon Valley Bank (SVB), a subsidiary of the defunct SVB Financial Services Group. The loan portfolio is seen as an attractive buy and was not a contributing factor in the bank run that caused SVB's demise, the report said.
The collapse of the Silicon Valley Bank (SVB) last week has sent shockwaves across the globe. Major US lost nearly $90 billion in value, bringing their loss over the past three trading sessions to nearly $190 billion. The slide took place even when news of fresh financing failed to reassure investors.
VCs and founders are getting a lesson in interest rate and duration risk. The collapse could have a massive impact on how the startup ecosystem operates.
The benchmark 30-share BSE tumbling nearly 900 points to close at 58,237.85 points. The total market valuation of BSE-listed companies stood at Rs 2,58,56,295.60.
The benchmark Sensex shed 897 points, or 1.5 per cent, to end the session at 58,238, its lowest close since October 14. The index is now down eight per cent from its record high of 63,284 logged on December 1. India Vix Index shot up 21 per cent to 16.22, indicating nervousness among investors.
A decline in US bond yields increases the appeal of higher-yielding fixed-income assets in emerging markets, such as india. The most liquid Indian 10-year bond settled at a 7.36 per cent yield, against 7.43 per cent at close on Friday.
A 6000mAh battery and powerful 5 nm Exynos chipset are expected to be launched. The device is expected to start selling across the country later this month.
China's new premier said achieving the five per cent target for the slowing down is not an easy task. He drew on folklore to demonstrate the country's resilience in the face of difficulties. But he concedes the faces challenges.
A total of 3,038 cases of various subtypes of influenza have been reported till March 9 by the states. This includes 1,245 cases in January; 1,307 in February and 486 cases till march 9. The data, however, reports a combination of respiratory ranging from Covid-19 virus, swine flu (H1N1), H3N2 and the seasonal Victoria and Yamagata lineages of influenza B viruses, as responsible.
The tech giant's first object tracker, Galaxy SmartTag, was released in 2021, reports SamMobile. The company has not released an updated version of the device in the two years since it was first introduced.
The partnership between the two countries has reached the first milestone in a short span of one year from signing of the MoU in March 2022. The partnership will seek to build new supply chains underpinned by critical processed in Australia.
GPT-4 will be unveiled at an event called "AI in Focus -- Digital Kickoff" the multimodal models of the LLM could pave the way for video production and other types of content.
The meeting took place on Friday, the prime minister's office said. The meeting also took place with several ministers besides holding meetings with Commerce and Industry minister Piyush Goyal.
The two countries announced the start of the US- Strategic Trade Dialogue and an agreement on semiconductors. The dialogue adds momentum to the work being done under the iCET, said USIBC president Atul Keshap.
The total pension assets under management under the national pension system rose to 624.81 lakh as of March 4th 2023 from 508.47 lakh on March 5, 2022. The number of subscribers under various schemes under the National Pension System (NPS) rose to 6.24 crore as of march 31 last year, the total number of NPS subscribers was 5.20 crore.
ChatGPT is now available in Azure OpenAI service for preview. Developers can integrate custom (AI) experiences directly into their own applications. Customers can now access this preview at $0.002/1k tokens.
Stock investors' wealth eroded by more than Rs 2.67 lakh crore in early trading on Friday. The key indices Sensex and Nifty were deep in the red, reflecting weak investor sentiment.
Chat platform is updating its 'Clyde' bot using OpenAI technology. The new bot will answer questions and have extended conversations with users and their friends. You can even have Clyde start a thread for a group of friends to hang out.
Equity benchmark indices are likely to extend previous session's losses on Friday. The SGX Nifty index may open over 100 points lower in Asia-Pacific. Nikkei 225, Topix, the S&P 200 index lost over 1% each.
Experts forecast 2023 to be stable with value-driven growth for the Indian telecom market compared to 2022. The global telecom market closed 2022 with a 9.7 per cent decline in revenue in the same period over the previous year.
Experts believe the valuation gap could remain at current levels and may not reach the levels seen last year, given near-term uncertainties. The market will look at the trajectory of rate hikes and the monsoon, experts say.
