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News on Medial
Trade setup for Tuesday: 15 things to know before opening bell
Money Control
·
1y ago
Medial
The market is expected to continue its upward momentum with the formation of a Bullish Hammer candlestick pattern and strong intraday trend reversal. The Nifty 50 may face resistance at 22,200-22,300, but if it surpasses 22,300, it could reach 22,500-22,600. Support levels are at 22,000-21,900. The Bank Nifty also showed bullish signs with support at 47,300 and a potential relief rally towards 48,480-48,500. The Nifty Put-Call ratio increased to 0.97, indicating a bullish sentiment. Earnings results are expected from companies such as Bharti Airtel, Shree Cement, and DLF.
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Micron starts mass production of its memory chips for use in Nvidia's AI semiconductors
Economic Times
·
1y ago
Medial
Micron Technology has commenced mass production of its high-bandwidth memory semiconductors for use in Nvidia's latest AI chip. Micron claims that its HBM3E will offer 30% lower power consumption compared to its competitors, making it desirable for generative AI applications. This development has led to a surge in Micron's shares before the opening bell. Nvidia plans to incorporate the HBM3E chip in its next-generation H200 graphic processing units, set to be shipped in Q2 2022, replacing the current H100 chip. The rising demand for high-bandwidth memory chips for AI applications has also boosted investor confidence in Micron's growth potential.
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Volunteer at All Stage in Boston in July | TechCrunch
TechCrunch
·
2m ago
Medial
TechCrunch All Stage in Boston is seeking volunteers for its July 15 event, offering a unique behind-the-scenes experience in organizing tech events. Volunteers will help with various tasks like registration, directing attendees, and event setup. This opportunity provides valuable industry exposure and includes perks such as access to workshops, a ticket to All Stage before or after shifts, and a pass to the upcoming Disrupt event in San Francisco. Applications close on July 1.
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Did Amazon break India's competition law? We will know soon
Livemint
·
10m ago
Medial
India's Competition Commission is set to issue a notice to Amazon for alleged violations of competition law. The investigation wing of the commission has confirmed charges of anti-competitive behavior by Amazon Seller Services. The Commission will grant Amazon a hearing before issuing the final order with penalty, which could be up to 10% of the company's global turnover. The case is based on a complaint filed by a trade association in 2020, which prompted the commission to order an investigation. A similar case against Flipkart is also in progress. Experts emphasize that the high penalty should be applied judiciously to maintain market dynamism and encourage healthy competition.
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Samsung Galaxy M55, Galaxy M15 launched in India: Know prices, specs and more
Livemint
·
1y ago
Medial
Samsung has launched the Samsung Galaxy M55 and Galaxy M15 smartphones in the mid-range segment. The Galaxy M55 comes with a 6.7-inch FHD+ AMOLED display, Snapdragon 7 Gen 1 SoC, 8GB or 12GB RAM options, and a triple camera setup. It is priced starting at Rs. 26,999. On the other hand, the Galaxy M15 features a 6.5-inch FHD+ AMOLED display, MediaTek Dimensity 6100+ chipset, 4GB or 6GB RAM options, and a triple camera setup. Its price starts at Rs. 13,299. Both smartphones are available for purchase in India.
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‘Close to the finish line’: Top US official signals major trade breakthrough with India
Business Today
·
2m ago
Medial
India is nearing a major trade agreement with the United States, as indicated by White House economic adviser Kevin Hassett. Describing the deal as "close to the finish line," both nations have engaged in high-level negotiations aiming for an interim agreement before July 9, preceding the end of a 90-day reciprocal tariff pause. The U.S. is reviewing offers from about 15 countries, shifting towards selective, incentive-driven deals rather than broad tariffs.
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OpenAI introduces Voice Engine: Know how it can clone voices
Livemint
·
1y ago
Medial
OpenAI has unveiled its latest innovation, Voice Engine, a technology that can replicate a person's voice with remarkable accuracy using only 15 seconds of recorded speech. OpenAI has chosen to limit the release of Voice Engine to a select group of early testers due to concerns about potential misuse. The company prioritizes ethical considerations, requiring testers to obtain consent before impersonating individuals and disclose the use of AI-generated voices. OpenAI's cautious approach aligns with its previous practices and trademark filings suggest further expansion into the speech recognition and digital voice assistant market.
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Petty, old outstanding tax demands not withdrawn? Know what to do next | Simply Save
Money Control
·
1y ago
Medial
The Income Tax (I-T) department in India has introduced a new facility on its portal, enabling taxpayers with long-standing disputes over petty tax demands to check if these have been withdrawn. The move follows the Finance Minister's announcement to withdraw such demands dating back to the 1960s. The demands to be withdrawn include those less than INR 25,000 ($344) before 2009-10 and those less than INR 10,000 between 2010-11 and 2014-15. Taxpayers can access the waiver information through the I-T portal, but some doubts remain about the process and what to do if demands continue to be outstanding.
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Switzerland greenlights India-EFTA mega trade pact; sets stage for October rollout
Economic Times
·
25d ago
Medial
Switzerland has finalized the ratification of a major trade agreement with India and the European Free Trade Association (EFTA), which includes Iceland, Liechtenstein, and Norway. This Trade and Economic Partnership Agreement aims to reduce trade barriers, foster sustainable trade practices, and increase Swiss exports to India. Expected to be operational in October, the pact promises a USD 100 billion investment in India and aims to create one million jobs over 15 years.
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RateGain Expands ESOP Pool, Allots Shares Worth INR 4.5 Cr
Inc42
·
1y ago
Medial
Traveltech startup RateGain has allocated 23,880 equity shares to employees under its ESOP 2015 plan and 36,024 equity shares under the Stock Appreciation Rights Scheme – 2022. The newly-allotted ESOPs are valued at around INR 4.49 crore ($612,000) based on the stock's opening price on Tuesday. RateGain reported a significant increase in its net profit, reaching INR 146.39 crore ($19.9 million) in FY24 from INR 68.40 crore ($9.3 million) in the previous fiscal year.
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Register alternate bank accounts: BSE to investors on Paytm Bank deadline
Inshorts
·
1y ago
Medial
BSE on Tuesday issued an advisory for investors who have registered only Paytm Payments Bank accounts with their trading members. It has advised such investors to add additional bank accounts with other banks to avoid any impact on their securities market transactions. This comes ahead of the RBI's March 15 deadline to impose restrictions on the payments bank.
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