DELPHI INFORMATION SYSTEMS INC
South Korean firm HyVision System inks deal with Karnataka to build plant near Foxconn facility in Bengaluru
South Korean HyVision System signed an agreement with Karnataka on Friday to allow the company to build a factory for camera inspection machines. This unit will be near the Foxconn facility, which is close to Bengaluru's Kempegowda International Airport in Devanahalli.
Persistent shares surge 3% post acquisition. Ticks all right boxes, says ICICI Securities
Persistent Systems' shares skyrocketed to a record high after sealing a deal to acquire Starfish Associates, boosting their AI offerings.
There is a rebound in FMCG today, IT stocks could be next, don't write them off: 10 IT stocks with upside potential of up to 43%
It is not only that nifty it has been changing color in every second day, In the last two days FMCG stocks have seen a strong price action and a couple of up-grades have also come. There is literally a 360 degree change in the narrative about the sector and its fortune that was being heard . What happens in reality will be known later but this just highlights two things. First a business which has survived for long, there are phases where they are ignored by the street and then make sudden come back, just due to reason that they have size. Second, never write off a good balance sheet. Now the same thing applies to the IT sector, they have been ignored by the street for a good reason, lower growth and business challenges which AI is bringing to table. But the fact is that they also have strong balance sheets and the fact that they cater to demand where the market size is big and is global in nature and have a track record of adapting well to changes.
US is slowing AI chip exports to Middle East by Nvidia, AMD
In October, the Commerce Department added much of the Middle East to chip export restrictions that originally focused on China and a handful of other foreign adversaries. That meant companies needed a special US government license to ship cutting-edge semiconductors and chipmaking tools to countries such as Saudi Arabia and the UAE.
Stocks in news: LIC, Vedanta, IRCTC, RITES, NALCO, Adani Energy Solutions, Timken, CMS Info Systems
India's largest life insurer Life Insurance Corporation of India on Monday reported a net profit of Rs 13,782 crore for the quarter ended March 31, 2024, which was up by 4.5% over Rs 13,191 crore reported in the corresponding period of the last financial year. The company board has declared a final dividend of Rs 6 per share.
Here's what every key witness said at Donald Trump's hush money trial
Key witnesses in Donald Trump's trial, such as Hope Hicks and Robert Costello, provided insights into the events following the 'Access Hollywood' leak. Testimonies also included details from Trump's lawyers and associates.
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Writing is easy, not living: Challenges in implementing family business constitutions
Numerous families face difficulties in actualizing the principles outlined in the document into practical, everyday reality. We discuss here the key challenges encountered in implementing a family business constitution.
Apple will revamp Siri to catch up to its chatbot competitors
Introduced in 2011 as the original virtual assistant in every iPhone, Siri had been limited for years to individual requests and had never been able to follow a conversation. It often misunderstood questions.
India Inc hunts for new cyber warriors
Corporate India is actively seeking cybersecurity professionals amidst rising concerns over data breaches, evolving regulatory requirements, and the emergence of advanced artificial intelligence platforms. To address vulnerabilities in security controls and processes, companies are bolstering their cybersecurity teams across various domains.
A cyberattack on a big US health system diverts ambulances and takes records offline
A cyberattack on the Ascension health system in the U.S. disrupted medical services, diverted ambulances, and blocked online access to patient records. The attack affected hospitals across 19 states and the District of Columbia. Patients reported missed medical appointments, including CT scans and mammograms, and difficulties refilling prescriptions. Ascension confirmed the incident as a cybersecurity issue but did not specify if it was a ransomware attack. The health system advised patients to bring medical information to appointments and disclosed that downtime procedures would be in place for some time.
Tesla ramps up job cuts in China as sales slowdown bites
Tesla Inc. is escalating job cuts in China to regain market share, with layoffs extending to various departments at its Shanghai plant. The company faces challenges amid a global EV demand slowdown, intense competition, and shrinking market share. Despite layoffs, Tesla secured approval for its driver-assistance system in China.
Time to unlink size and agility: 6 not-so-large IT stocks operating in niche areas with upside potential of up to 53%
Over the years, there has been some change in how the street looks at IT stocks, but somehow, still there is a perception that large cap companies like TCS, Infy and Wipro, are the ones which give all the indication of what is happening in the IT space. But the reality has been very different. Especially in the last five years, since the time ML and cloud and other speciality segments have come in the software segment. There have been smaller companies which operate in specialized areas who have been able to show much stronger growth at a time when Infy and Wipro’s of the world are under pressure in terms of growth.
India Inc embracing neurodiversity at workplace
Corporate India promotes neurodiversity by hiring individuals with autism, dyslexia and ADHD. Companies like SAP, EY, Publicis Sapient, Accenture, Wells Fargo lead in creating inclusive workplaces, offering tailored programmes, and specialized hiring initiatives.
India Inc On The Move 2024: Accelerating smart and sustainable manufacturing across sectors
India Inc On The Move 2024 event in Chennai discussed the future of the Indian manufacturing sector, emphasizing sustainable practices, electronics manufacturing, technology's role in growth, and the importance of Industry 4.0 adoption for GDP contribution.
Apple is in talks to let Google’s Gemini power iPhone generative AI features
The two companies are in active negotiations to let Apple license Gemini, Google’s set of generative AI models, to power some new features coming to the iPhone software this year. Apple also recently held discussions with OpenAI and has considered using its model, according to the people.
Google ties up with ECI to prevent spread of false information
Google has partnered with the Election Commission of India to prevent the spread of false information during the general elections. They are implementing transparent advertising policies, rolling out content labels, and restricting election-related queries to combat misinformation. Google is committed to providing reliable information and preventing deceptive AI-generated content.
China EV makers woo buyers with in-car beds, kitchens and drones
Chinese carmakers are adding innovative features to electric vehicles, including Xpeng's G9 SUV with a sleeping kit, Geely's Galaxy E8 sedan with a vibration feature, Li Auto's L-Series SUV with a rear-mounted kitchen, and BYD's Yangwang U8 with a drone. China-made vehicles prioritize technology and connectivity preferences.
For moderate risk takers with long-term perspective: 5 midcap stocks with up to 47% upside potential
As the Dalal street continues to be in party mode with minor correction and sectoral profit booking taking place, staying bullish would appear to be the most logical thing at this point of time. Why fight against a trend? While staying bullish, just add an element of caution. When we use the word caution, we mean stay with quality and especially if one is increasing exposure in midcap at this point of time. Use more stringent filters to pick stocks and cut the element of noise from investing. Quality stocks pay both in bullish and bearish markets conditions.
For moderate risk takers with long-term perspective: 5 midcap stocks with up to 47% upside potential
As the Dalal street continues to be in party mode with minor correction and sectoral profit booking taking place, staying bullish would appear to be the most logical thing at this point of time. Why fight against a trend? While staying bullish, just add an element of caution. When we use the word caution, we mean stay with quality and especially if one is increasing exposure in midcap at this point of time. Use more stringent filters to pick stocks and cut the element of noise from investing. Quality stocks pay both in bullish and bearish markets conditions.
A CEO's to-do list before implementation of AI in the organisation
The buzz around artificial intelligence (AI) and generative AI continues to grow, with many organizations offering AI solutions across multiple sectors. Leaders must make critical decisions about implementing AI and crafting a GAI strategy, while also considering ethical use, security measures, and employee skills.
Making bad blood good: How conflicts within family businesses can be resolved before they turn toxic
Many landmines are rooted in the realm of relationships. The normal tendency is to go into an 'avoidance mode' rather than taking the bull by the horns. To ensure healthy functioning, it is crucial to address these issues. By paying attention to root causes of conflicts, many potential dangers can be mitigated.
India Inc eagerly awaits Finance Minister's February 1 Budget for growth boosting measures
India Inc wants Finance Minister Nirmala Sitharaman to announce more measures in her interim Budget for fiscal 2024-25. Industry also calls for increased capital expenditure outlay. Sitharaman had indicated that it would be a vote-on-account. Expectations include reduced customs duty on medical device imports. The forthcoming budget is viewed as pivotal for Geographic Information Systems (GIS).
Google DeepMind scientists in talks to leave and form AI startup
The team has held discussions with potential investors about a financing round that may exceed €200 million ($220 million) — a large sum, even for the buzzy field of AI.
Samsung bets on Google-powered AI features in smartphone revamp
At its Unpacked conference Wednesday in San Jose, California, Samsung unveiled the Galaxy S24, S24+ and S24 Ultra phones, which all add AI tools based on the Gemini technology from Alphabet Inc.’s Google. The devices can live-translate phone calls, transcribe voice recordings, summarize web articles, fix handwriting and use generative AI to fill in parts of photos.
Accelerating the ESG revolution: Brookfield Properties leads the way for India Inc
Brookfield Properties and The Economic Times have launched the Earth Forward: ESG Dialogues series in Bengaluru, New Delhi, and Mumbai. The series aims to facilitate discussions on sustainable strategies across various sectors.
Why has TOMY International recalled its Boon Highchairs: Model numbers, and key information
TOMY International Inc. has issued a product recall for its 'Boon Flair & Flair Elite highchairs out of safety concerns. These highchairs, which are suspected to have a detachment issue, were distributed in both the United States and Canada.
US Defence Secretary Lloyd Austin arrives in India on two-day visit
US Defence Secretary Lloyd Austin arrived in India to discuss strengthening bilateral defence cooperation, the transfer of critical technologies and ways to expand India-US global strategic partnership. Discussions will cover General Electric's proposal to share technology with India for fighter jet engines and New Delhi's plan to procure 30 MQ-9B armed drones at a cost of over $3bn from US defence major General Atomics Aeronautical Systems. India has been looking to manufacture jet engines in the country. The defence and strategic ties between the two countries have been on an upswing in the last few years after landmark defence pacts were signed.
Nexus or Icebreaker? These two global money transfer ideas deserve a shot
The European payment system recently did a trial linkup with Malaysia and Singapore under the Bank for International Settlements’ Nexus protocol, designed to transfer funds between bank accounts in different countries under 60 seconds. Meanwhile, the monetary authorities of Israel, Norway and Sweden have tested a separate BIS-backed initiative that achieves the same goal of fast cross-border retail payments. Project Icebreaker uses central bank digital currencies, or CBDCs, instead of bank accounts.
Twitter says leaked user data not due to flaw in its platform
Twitter Inc said Wednesday that an alleged data leak purporting to contain more than 200 million names and email addresses of its users wasn't the result of exploiting any technical flaws on its platform.
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