Chinese smartphone maker Xiaomi has received over 75,000 orders for its electric sedan, the SU7, and plans to deliver over 10,000 units in June. The company aims to deliver more than 100,000 units of the SU7 by 2024 and will focus on the Chinese market for the next three years. Xiaomi’s car, which is inspired by Porsche and is cheaper than Tesla’s Model 3, has sparked a price war in the electric vehicle market in China. Xiaomi’s founder, Lei Jun, has invited global talent to join the company’s car-making team. You Can Read Full News By Clicking On Below Link.
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Shares of Tata Consultancy Services (TCS) rose after the company announced its profit for the quarter ended March 2024. TCS reported its highest EBIT margin in three years and a record-breaking $13.2 billion in deal wins. Brokerage firms JPMorgan, Goldman Sachs, and UBS have all given positive ratings and raised their price targets for TCS stock. TCS management is cautious about potential risks but…
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Vodafone Idea, a struggling telecom company, is raising funds through a Follow-On Public Offer (FPO) to improve its financial situation. The company aims to enhance its market position, strengthen its 4G services, and prepare for the upcoming 5G rollout. The FPO will open on April 18 with a price range of ₹10-11 per share. Vodafone Idea has been losing subscribers while its competitors, Reliance Jio…
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Geopolitical tensions between Israel and Iran could impact the Indian stock markets on Monday. Investors are concerned about the escalating tensions and the impact on oil prices. While the rising volatility is manageable if other countries don’t get involved, any further escalation could have serious consequences. Iran recently launched a drone attack on Israel, marking the first direct attack…
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Department of Telecommunications (DoT) is speeding up the process of giving a license to Elon Musk’s Starlink satellite unit before his visit to India. The DoT may issue a letter of intent and trial spectrum to Starlink for satellite communication services. The government is discussing security concerns. Starlink provides high-speed internet connections and wants to pilot its services in India…
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Shares of Bharti Hexacom, a subsidiary of Bharti Airtel, had a successful debut on the stock market with a 32.4% premium. The IPO raised ₹4,275 crore, making it India’s biggest public issue in a year. The IPO had strong subscription figures, with institutional investors subscribing 48.57 times their allocation. Bharti Hexacom offers fixed-line telephone and broadband services in Rajasthan and…
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Bill Gates, the founder of Microsoft, used to work long hours and didn’t believe in taking breaks or vacations. However, as he got older and became a father, he realized that this intensity wasn’t always necessary. He advises people to be easy on themselves and not feel guilty for cutting themselves some slack. Gates also emphasizes the importance of asking for help and learning from others…
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A Whistleblower named Sam Salehpour, who worked at Boeing, claimed that there are problems with the safety of Boeing’s 787 Dreamliner planes. He said that parts of the planes are not properly fastened together and could break apart during flights. The US air safety body, the FAA, is investigating these claims. Salehpour also said that he faced threats and exclusion from meetings when he raised…
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Cathie Wood’s Ark Investment Management has invested in OpenAI, a leading artificial intelligence company. Ark’s venture fund has put $54 million into OpenAI, which is at the forefront of AI advancements. Brett Winton, Ark’s Chief Futurist, believes that foundation model-type companies like OpenAI could command a market cap of $16 trillion by 2030. OpenAI has raised significant funds…
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In April, Digi Yatra is expected to be introduced at 14 additional airports.
April 12, 2024 1:03 amDigi Yatra, a contactless system using facial recognition technology, is set to be expanded to 14 more airports in India by the end of April. The system allows for seamless movement of passengers at various checkpoints. Currently, there are nearly 5 million users. Efforts are also being made to make the system more user-friendly and discussions are ongoing to make it available for international travelers…
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Is Elon Musk's AI company, xAI, having trouble getting enough money to compete with OpenAI?
April 12, 2024 1:03 amElon Musk’s AI startup, X.AI Corp., is looking to raise $3-4 billion in a funding round that would value the company at $18 billion. The pitch deck highlights Musk’s success at Tesla and SpaceX, and mentions the use of data from Musk’s social network, X, to train AI chatbots. The funding round details are still unknown and subject to change. X.AI is aiming to compete with Microsoft-backed…
...Read MoreFind out the current prices for gold and silver on April 12, 2024.
April 12, 2024 1:03 amGold and silver prices increased on April 12. Gold futures reached ₹72,423 per 10 grams, while silver futures were at ₹83,867 per kg on the Multi Commodity Exchange. In international markets, gold prices rose due to geopolitical tensions, reaching a record high. Spot gold was at $2,386.38 per ounce, and spot silver was at $28.66 per ounce. The prices of gold and silver in major Indian cities on April…
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Tech entrepreneur Bryan Johnson has shared pictures of his transformation over six years, claiming that he has reversed his epigenetic age by 5.1 years through an anti-aging regime. The regime, called Project Blueprint, involves consuming over 100 supplements a day and following a strict diet. Johnson has also made a part of his diet regime, called the “Blueprint stack,” available for…
...Read MoreUS regulators are investigating Morgan Stanley's wealth division. Here's what we know so far.
April 12, 2024 12:47 amMorgan Stanley’s wealth management arm is being investigated by regulators, including the US Securities and Exchange Commission and the Office of the Comptroller of the Currency. The probe is looking into whether the bank properly investigated clients, their wealth sources, and their financial activities. Regulators are also focusing on the bank’s international clients. Morgan Stanley’s…
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Tesla is reportedly in talks with Reliance Industries for a possible joint venture to set up its operations in India. The discussions have been ongoing for over a month, and while the exact role of Reliance is not clear, it is expected to help establish the manufacturing facility and ecosystem for Tesla in India. Tesla has committed $2 billion for its plans in India and is considering locations like…
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According to a report, TCS, has hired over 10,000 new graduates from the best engineering colleges.
April 12, 2024 12:45 amTata Consultancy Services (TCS) has hired over 10,000 freshers in its recent recruitment drive. The IT company is increasing its hiring in hopes of a demand revival this year. TCS announced that tests will be held on April 26 for three categories of roles, with different salary packages. Colleges are optimistic about their students’ placement prospects with TCS. Earlier, TCS had announced plans…
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Adani Green Energy is investing ₹1.5 lakh crore to build a renewable energy park in Khavda, Gujarat. The park, spread over 538 square kilometers, will generate 30 GW of clean electricity. The area has ideal conditions for solar and wind energy, but lacks infrastructure and is located near the Pakistan border. Adani group has built colonies for workers, desalination plants, and other utilities. The…
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Calcutta High Court has ruled that Hindustan Unilever Ltd (HUL) cannot use the ‘Glow & Handsome’ mark for its men’s care products, following a case filed by Emami Ltd. The court has given HUL one month to comply with the order. HUL is reviewing the decision and planning its response. The dispute arose when HUL rebranded its men’s fairness cream to ‘Glow & Handsome’…
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DGCA is asking airlines when they plan to start following the new rules for their crew members.
April 11, 2024 1:26 pmDirectorate General of Civil Aviation (DGCA) has asked airlines to provide a timeline for implementing revised flight duty time rules for crew members. This comes after the Delhi high court requested a tentative implementation date for the revised norms. The new rules would increase rest duration for pilots, but were deferred earlier. The DGCA had stated that the revised rules were in line with international…
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Tesla CEO Elon Musk has confirmed his visit to India and expressed his excitement to meet with Prime Minister Narendra Modi. Musk’s visit is expected to take place in the last week of April, and he may be accompanied by other company executives. This visit comes after the Indian government announced a new electric vehicle policy, offering import duty concessions to companies investing at least…
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Goldman Sachs is predicting that China's manufacturing sector will grow even more in the future.
April 11, 2024 1:26 pmGoldman Sachs has raised its outlook for China’s economic growth this year due to stronger-than-expected factory activity. The bank now predicts that China’s economy likely expanded at a 7.5% annualized pace in the first quarter, higher than their previous estimate of 5.6%. They also revised their 2024 growth forecast to 5%, in line with Chinese policymakers’ target. The positive…
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