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Will mid and specialized IT companies pay more as the sector makes a comeback ? 6 Mid sized IT stocks with upside potential of upto 41%
It was after a long period of time that IT stock made a comeback on Friday as reflected in the top gainers list which was dominated by IT stocks. Now the question is whether it is another false start or the Q1 results from TCS and HCL tech are reflecting the fact that the street has been more pessimistic on the sector than it was required. The answer to this would be clear in another couple of days, but the way they have been performing, there is a higher probability of it being more sustainable this time. The fact is IT companies are one of most researched companies in India. But the focus of that research is largely on TOP 5 five companies. While the fact is that the Indian IT sector is far bigger than just these companies. There are many niche areas where mid and small cap IT companies have been able to make their mark and a distinction needs to be made when looking at the sector and probably because the are not over owned by large institutional investor.
Samsung India research unit adds Hindi to Galaxy AI, ramps up tech for rest
Samsung's cutting-edge Hindi AI model for Galaxy AI integrates colloquialisms, conversational speech data, and English word mix handling. The development showcases meticulous attention to detail, ensuring a seamless user experience. This advancement underscores Samsung's commitment to linguistic innovation and diverse language support, setting a new standard in AI technology.
Auto industry body seeks cut in two-wheeler GST; SIAM suggests three-level slabs based on fuel types
Society of Indian Automobile Manufacturers (Siam) has requested a reduction in GST rates on two-wheelers in India. They proposed different slabs for different types of two-wheelers to lower the rates. Siam also wants the removal of the 3% cess on high cubic capacity bikes.
Most phones sold online end up in grey market
A New Delhi-based retailer aware of the practice said the aggregators, or “cutters”, have hundreds of user accounts on online platforms, operated by a network of young people under their employment who place orders from different accounts to work around platforms’ restrictions on the number of units a customer can buy in one transaction.
Strong hybrids need to replace ICE models and not EVs: Maruti Suzuki executive
Maruti Suzuki India executive emphasizes strong hybrids over fossil fuel-powered models and pure electric vehicles (EVs) for auto industry sustainability.
Investing is an infinite game and you cannot play it with a finite mindset; learn to think long term: Utpal Sheth
Utpal Sheth envisions India's terminal value in 2024 as a continuation of the structural and secular bull market, with a higher probability of success. He emphasizes the long-term perspective and the ongoing evolution of India's market positioning within the global landscape. Sheth also talks about terminal value investing, where they are pursuing a very different value.
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India needs open-source AI models for cultural and linguistic representation: IBM
This comment comes as IBM on Tuesday open-sourced a group of its most advanced and performant language and code Granite large language models.
Meghalaya State Council address the need for framework to protect catchment areas from further degradation
Meghalaya State Council on Climate Change & Sustainable Development discussed amendments to the Meghalaya Protection of Catchment Areas Act, 1990 to protect critical areas from degradation. The meeting under Chief Minister Conrad K. Sangma focused on leveraging community institutions for climate action, highlighting the development of a GIS-based technology platform for village-level interventions.
Google I/O 2024: From Gemini 1.5 Pro, Project Astra to Trillium, ET brings you the low down
Gemini 1.5 Pro, with a one million token long context window, is now available with Gemini Advanced in 35 languages, the company announced at Google I/O, its annual developer conference on Tuesday.
Google unveils Trillium chip; Gemini 1.5 Pro with 2M tokens made available for developers
Google parent Alphabet on Tuesday unveiled a product called Trillium in its artificial intelligence data center chip family that it says is nearly five times as fast as its prior version.
Walmart to lay off hundreds of corporate staff, relocate others, source says
Workers at the U.S. retail giant's smaller offices in Dallas, Atlanta and Toronto are being asked to move to other central hubs such as Walmart's corporate base in Bentonville, Arkansas, as well as Hoboken, New Jersey, or Sunnyvale, California, the source told Reuters. Walmart will close those smaller hubs later this year, the source added.
Eye on AI: Apple’s chip game, Meta's GenAI tools for advertisers and other top developments
Apple integrates AI features into data centres and new iPad Pro. Meta launches enhanced generative AI tools. OpenAI joins C2PA steering committee. US lawmakers introduce bill on AI models export control. Microsoft and OpenAI fund AI literacy for voters.
US overtakes China as Germany's top trading partner
The United States surpassed China as Germany's top trading partner in Q1, with trade totaling 63 billion euros, compared to China's just under 60 billion euros. This shift is attributed to the robust U.S. economy, declining trade with China, and structural changes in production. Germany aims to reduce dependence on China but faces uncertainties with potential policy changes.
Indian gig workers toil at frontlines of AI revolution
Akash and Ikshita engage in online work. Gig workers in India train AI models through microtasks. India emerges as a data annotation hub with a potential $8.22 billion global market and a million-strong workforce by 2028.
Systemising the game
MeitY's AI advisory ignited debates on regulating AI. SROs, endorsed by RBI for fintech sector, are crucial. Online gaming sector under GoI's scrutiny. Skill vs chance, clear guidelines, and international regulatory examples are key for effective governance.
Triple blow of demonetisation, GST, unplanned Covid lockdowns decimated MSMEs in TN: Congress
Congress general secretary Jairam Ramesh said that before the BJP came to power, Tamil Nadu boasted a thriving ecosystem of more than 10 lakh Micro, Small, and Medium Enterprises (MSMEs), more than any other state.
'Someone in Garage': Google CEO Sundar Pichai reveals what scares him the most
Google CEO Sundar Pichai, in a recent talk at Stanford, emphasized AI's transformative potential and Google's commitment to fostering innovation. He expressed concern over startup disruption, stressing the need for risk-taking and recognition of effort within Google's vast workforce. Pichai cited Google Glass as an example and expressed excitement about the multimodal capabilities of Google's language model, Gemini, envisioning its power for future innovation.
ETtech Explainer: Is Apple’s ReALM better than OpenAI’s GPT-4?
Apple discussed its large language model (LLM) Reference Resolution As Language Modeling (ReALM) and how it can “substantially outperform” OpenAI’s GPT-4. Apple said that while LLMs are extremely powerful for a variety of tasks, their use in reference resolution, particularly for non-conversational entities, remains underutilised.
Election Commission acts swiftly on violations ahead of Lok Sabha polls
The Election Commission directed the removal of unauthorized political ads, swiftly transferring officials, and enforcing the model code of conduct. With the MCC now in effect, the EC aims to ensure fair play, particularly regarding the conduct of the party in power. The cVigil app has been instrumental in reporting violations, reflecting the EC's commitment to maintaining the integrity of the electoral process. The challenge lies in curbing surrogate violations and maintaining the decorum of political discourse amidst heightened campaigning.
Automakers embrace sustainability: Shift towards recycled materials, biodegradable parts for new models
Corporate-run scrap yards are coming up, creating a new industry of sorts of recyclable parts, while component manufacturers are replacing metal and plastic with innovative biodegradable material. Take Gurgaon-based Paracoat Products, which makes parts that dampen noise, vibration and harshness (NVH) in automobiles. Typically, such parts are made of plastic or wood. Now, the company is experimenting with jute sticks.
ETtech Explainer: All you wanted to know about Nvidia’s Blackwell AI chip
Nvidia highlighted that Blackwell chips enable organisations to develop and operate real-time generative AI on trillion-parameter large language models while reducing costs and energy consumption by up to 25 times compared to its predecessor.
Hoping for business as usual: A period of relative peace has given new hopes to Kashmir’s business landscape
Amjad Shah, proprietor of cotton processing unit in Tral, Pulwama district, frequently visits Inox Cinema Complex in Srinagar with his family. The Valley has become peaceful, witnessing a boom in sectors like tourism and construction since the scrapping of Article 370. The Valley's traders are happy now. Tourism in J&K has shown resilience. The Gulmarg hotel project is being revived.
IOC scraps maiden green hydrogen tender after bidders cry foul, move court
Industry players cited tender document skewed in favour of IOC’s JV with L&T & Renew Power; 50 prospective bidders participated in pre-bid meet but eventually opted out, only 1 bid submit by IOC’s JV co. In a cancellation corrigendum issued on February 21, IOCL said, the tender stands cancelled. The company did not reply to an email sent till press time.
OpenAI unveils Sora to make videos from text: Check features, other details
OpenAI has unveiled 'Sora', an AI model that converts text prompts into realistic videos. It can generate complex scenes, understand language, and convert still images to videos. Access has been granted to researchers, artists, and filmmakers for evaluation and feedback.
Shifting gears to a luxury EV may come at a heavy price
Luxury carmakers like BMW Group India are struggling to achieve price parity between electric vehicles and internal combustion engine (ICE)-powered models due to high import taxes and low sales volumes. However, in the mass car market, price parity is expected soon due to declining battery prices and softening demand.
Best-Selling Remote Control Helicopters in India
Choosing the best remote control helicopter that suits your child’s liking and your pocket can be a difficult task. In a market full of products claiming to be the best but failing to prove their durability, it's crucial to find a place where you can put your trust in the right hands. With our list of top rated remote control helicopters, you're right where you need to be!
Where to invest within the pharma theme? Industry expert Kewal Handa answers
Indian per capita income increase will lead to increased spending on healthcare and medicines, including both generic and non-generic products. The generic market is attractive, projected to be around $600 billion in 2030. MNCs focus on proprietary products, taking advantage of improved GDP and per capita income. Indian companies are engaged in complex generics and biosimilars research, with potential for huge benefits. Patent expirations in 2025 will create opportunities for Indian companies.
India Inc sets up transformation offices to guide complex projects
"For a large-scale transformation exercise, it's not just a technology question. There is an organisation question, there is an operations question and there is a business model question. A central office is needed to make sure all these aspects are coordinated and aligned and that the transformation is accelerated," said Parijat Ghosh, managing partner at Bain & Company's India offices.
Google introduces Gemini as its largest, most capable AI model
Starting today, Google said Bard will use a fine-tuned version of Gemini Pro which will be available in English across 170 countries and territories, including India.
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