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ITC’s Market Capitalization Eroded by Rs 50,000 Crore in Two Days-thumnail

ITC’s Market Capitalization Eroded by Rs 50,000 Crore in Two Days

In recent trading days, the market capitalization (m-cap) of Fast Moving Consumer Goods (FMCG) giant ITC witnessed a significant erosion.

Business

Jul 25, 2023

Microsoft AI Bing chatbot is to be introduced in Google Chrome and Safari as well-thumnail

Microsoft AI Bing chatbot is to be introduced in Google Chrome and Safari as well

Microsofts AI-driven chatbot, Bing Chat is making its way onto platforms, like Google Chrome and Apples Safari expanding its reach beyond Microsoft browsers.

Artificial Intelligence

Jul 25, 2023

TSMC invests $2.9 billion in Taiwan chip factory due to AI boom-thumnail

TSMC invests $2.9 billion in Taiwan chip factory due to AI boom

Taiwanese chip giant TSMC (2330. TW), driven by a boom in demand for artificial intelligence, plans to invest roughly T$90 billion ($2.87 billion) in an advanced packaging facility in northern Taiwan, the company announced on Tuesday.

Artificial Intelligence

Jul 25, 2023

Reliance Jio’s upcoming upgraded JioBook laptop to be launched on 31st July-thumnail

Reliance Jio’s upcoming upgraded JioBook laptop to be launched on 31st July

Reliance Jio’s upcoming JioBook, expected to be released before July 31 is aimed at budget individuals seeking a laptop experience. It features 4G connectivity and an octa-core processor ensuring performance,

Industry

Jul 24, 2023

Argentina Nears Staff Level Agreement with IMF Amidst Financial Crisis-thumnail

Argentina Nears Staff Level Agreement with IMF Amidst Financial Crisis

In the midst of a severe financial crisis, Argentina is on the verge of finalizing a staff-level agreement with the International Monetary Fund (IMF) over a review of the country’s $44 billion loan with the institution.

Economy

Jul 24, 2023

Chinese Real Estate Industry Faces Deepening Crisis as Giants Struggle to Repay Debts-thumnail

Chinese Real Estate Industry Faces Deepening Crisis as Giants Struggle to Repay Debts

China’s real estate industry is experiencing a severe downturn, with stocks and bonds in the sector hitting eight-month lows. The country’s two largest developers, Country Garden and Dalian Wanda, are

Industry

Jul 24, 2023

Motion G; Singapore-based AI-driven generative engineering platform raises $16 mn-thumnail

Motion G; Singapore-based AI-driven generative engineering platform raises $16 mn

Motion G, a company based in Singapore recently secured $16 million, in funding through a funding round led by Episteme Inc. Their goal is to revolutionize the field of engineering by enhancing productivity through the use of machine learning, data science, AIGC, and digital twin technologies.

Artificial Intelligence

Jul 24, 2023

Byju’s financially stressed ed-tech firm vacates its largest office space in Bengaluru-thumnail

Byju’s financially stressed ed-tech firm vacates its largest office space in Bengaluru

Byjus, the leading educational technology company, in India, has made a decision to downsize its office space in Bengaluru as a cost-cutting measure due to funding delays. Additionally, they have

Education

Jul 24, 2023

Bitcoin regains $30,000; traders await Fed’s rate hike decision on 27th July-thumnail

Bitcoin regains $30,000; traders await Fed’s rate hike decision on 27th July

Cryptocurrency markets, in Asia, saw a mix of movements with Bitcoin bouncing above the US$30,000 support level before pulling while Ether climbed to US$1,900. Among the 10 cryptocurrencies, the Cardanos ADA token showed gains. The U.S. Investors are preparing for earnings reports. Keeping an eye on the rate hike during the Federal Reserves ‘ day meeting. The SEC’s ruling, on Ripple, is expected to face challenges. NFTs and U.S. Equity futures remained relatively stable in trading. The total market capitalization of cryptocurrencies reached US$1.20 trillion, accompanied by increased trading volume.

Business

Jul 24, 2023

Reliance Industries Shares Slump on Disappointing Profits Amid Concerns Over Key Businesses-thumnail

Reliance Industries Shares Slump on Disappointing Profits Amid Concerns Over Key Businesses

Shares of Reliance Industries (RELI.NS), India’s largest company by market capitalization, experienced a significant setback on Monday as the conglomerate reported a larger-than-expected drop in profit, leading to a nearly 3% decline. This comes on the back of a 3.1% slide in the stock on Friday, just before the release of the financial results. Earlier this month, the stock had rallied over 13%, reaching a record high before the demerger of Jio Financial Services last Thursday. The recent stock performance has raised concerns about the company’s flagship oil-to-chemicals (O2C) business, which had experienced record-high refining margins last year due to the surge in fuel demand following the post-pandemic recovery.

Business

Jul 24, 2023

India’s Media and Entertainment Industry: Bollywood, Digital Streaming, and Content Evolution-thumnail

India’s Media and Entertainment Industry: Bollywood, Digital Streaming, and Content Evolution

The Media and Entertainment (M&E) industry has experienced growth and transformation over the years. Factors such as internet access, economic growth, and increased consumer spending have played a role in its popularity.

Entertainment

Jul 24, 2023

US junk loan market hits by flurry of credit downgrades-thumnail

US junk loan market hits by flurry of credit downgrades

As rising borrowing costs put pressure on companies who are heavily indebted with floating-rate debt, the $1.4 trillion hazardous corporate loan market in America has been rocked by the largest

Finance

Jul 24, 2023


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