Driving Innovation: How Generative AI is Transforming Indian IT

February 12, 2024/

In the bustling landscape of Indian IT firms, generative AI emerges as a beacon of promise, propelling innovation and efficiency across various sectors. With the top 10 IT companies in India actively delving into approximately 450 generative AI projects and Proof of Concepts (PoCs), it’s evident that the industry is embracing this transformative technology wholeheartedly. In a recent conversation with AIM, Partha DeSarkar, Group CEO at Hinduja Global Solutions (HGS), shed light…

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Smallcap Surge: Highlights from Last Week’s Stock Market Performance

February 12, 2024/

Last week witnessed an impressive surge in smallcap stocks, with over 25 companies experiencing double-digit rises in their stock prices, ranging from 20% to 65%. Despite a marginal weekly decline in the benchmark BSE Sensex, the broader S&P BSE Smallcap index soared to a fresh record high of 46,821.39, driven by notable gains in select stocks. Leading the pack were companies like Olectra Greentech, Balaji Telefilms, and Jaiprakash Power, whose stellar performances…

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Roller Coaster Ride: Railway PSU Stocks Witness Sharp Decline Amid Disappointing Q3 Results

February 12, 2024/

Railway Public Sector Undertaking (PSU) stocks, once heralded as high-wealth creators, faced a steep decline in today’s trading session following the release of disappointing financial results for the December quarter. Among them, Indian Railway Finance Corporation (IRFC) bore the brunt, experiencing a sharp drop of 13.5% to ₹133 per share. The decline was triggered by the company’s weak performance in the third quarter of fiscal year 2023-24. Despite a modest 8.42% year-on-year…

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Beyond Food Delivery: Exploring Zomato’s Diverse Revenue Streams

February 12, 2024/

While Zomato is widely recognized for its food delivery services, the company’s revenue streams extend far beyond mere meal deliveries. With a keen focus on diversification and innovation, Zomato has tapped into various avenues to bolster its revenue and solidify its position in the market. One notable aspect of Zomato’s financial landscape is its significant “other income,” which comprises various sources beyond its core operations. This diversified income stream reflects the company’s…

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Entrepreneurs Impress Sharks on Shark Tank India with Interview Hosting Platform Pitch

February 12, 2024/

In a recent episode of Shark Tank India, two entrepreneurs showcased their interview hosting platform, seeking Rs 1.5 crore in exchange for a 1% equity stake, valuing their company at Rs 150 crore. Initially, their pitch captivated all five sharks, but the negotiations took an unexpected turn when Namita Thapar withdrew from the discussions, citing philosophical differences with their idea. The entrepreneurs received a pleasant surprise when Deepinder Goyal discovered that his…

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Banking Sector Divergence: PSU vs Private Banks

February 12, 2024/

The recent performance of banking stocks has taken an intriguing turn, with notable divergence observed following the Reserve Bank of India’s (RBI) Monetary Policy announcement. While PSU stocks like State Bank of India (SBI), Bank of Baroda, and Punjab National Bank (PNB) surged on February 8, other public sector banks and major private players like Kotak Mahindra Bank, ICICI Bank, and Axis Bank faced significant declines. The deviation in performance, according to…

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Revitalizing Salem: The Rise of the Food Street Project

February 12, 2024/

The Salem Corporation is embarking on an exciting new venture to enhance the city’s culinary landscape with the introduction of a food street near Pallapatti Lake. With an estimated cost of ₹3 crore and a projected completion timeline of six months, this ambitious project promises to rejuvenate the area and offer a vibrant dining experience for residents and visitors alike. The inception of the Food Street Project by the Union Health Ministry…

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reMarkable: Redefining Note-Taking with a Distraction-Free Tablet Experience

February 12, 2024/

In a world dominated by flashy gadgets and constant connectivity, reMarkable stands out as a beacon of simplicity and focus. This premium electronic paper tablet, hailing from Oslo, Norway, offers a unique proposition that sets it apart from traditional high-end tablets in the market. Bharath Shenoy, a senior analyst at technology research firm IDC India, aptly describes reMarkable’s positioning as “very interesting.” Unlike its counterparts, reMarkable prides itself on being a simple,…

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JSW Group’s Ambitious Move Towards Electric Vehicles and Battery Manufacturing in Odisha

February 11, 2024/

The JSW Group’s recent collaboration with the Government of Odisha marks a significant milestone in India’s journey towards electric mobility and sustainable energy solutions. Through a Memorandum of Understanding (MoU), JSW Group has committed to establishing an Integrated Electric Vehicles and EV Battery Manufacturing Project in Cuttack and Paradip, Odisha. This ambitious project encompasses the development of a 50 GWh EV battery plant, electric vehicles (EVs), a Lithium refinery, Copper smelter, and…

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Tower Semiconductor Proposes $8 Billion Chipmaking Plant in India

February 11, 2024/

In a significant development for India’s semiconductor industry, Israeli chipmaker Tower Semiconductor has put forth a proposal to establish an $8 billion chip manufacturing plant in the country. The Indian Express reported this groundbreaking initiative, highlighting Tower Semiconductor’s intent to manufacture 65 nanometre and 40 nanometre chips within India. These chips are anticipated to find applications across various sectors, including automotive and wearable electronics. The proposal, if accepted by the government, holds…

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