Nvidia breaks Meta's record with a $277 billion surge in single-day value; These mutual fund houses currently hold the highest number of Paytm shares
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Nvidia breaks Meta's record with a $277 billion surge in single-day value
Nvidia Corp.’s surge to an all-time high is the biggest single-session increase in market value in history, besting Meta Platforms Inc.’s historic gain just three weeks ago.
Shares of the chipmaker jumped 16% Thursday, adding about $277 billion in market capitalization and bringing its total market value near $2 trillion. The addition eclipsed the $197 billion gain made by Facebook-parent Meta at the start of the month.
BYJU's founder & board to skip Friday EGM meet, call it 'procedurally invalid'
Education technology firm BYJU's on Thursday (February 22) termed the extraordinary general meeting (EGM), called by shareholders who collectively hold more than 32% stake in the company, procedurally invalid.
"This EGM is procedurally invalid, contractually in contravention of our AOA and SHA, legally on the wrong side of the Companies Act, 2013," a BYJU's spokesperson said in a statement.
Also, BYJU's said founder Byju Raveendran and other board members will not attend the EGM and that if it is still summoned, it will not have the required quorum and cannot proceed to discuss or vote on the agenda.
Joe Biden says if Donald Trump wins, reporters fearing jail plan to flee the US
President Joe Biden told donors at a fundraiser Thursday that he heard from journalists who were planning to flee the US if Donald Trump was reelected because they feared being jailed.
Biden acknowledged former network news anchor Katie Couric, who was attending the event in California as a guest, and warned about the possibility of a Trump victory in an expected rematch this November.
“Katie, there’s two of your former colleagues — not at the same network — that have told me personally, that if he wins they’re going to have to leave the country because he’s threatened to put them in jail,” Biden said.
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Adobe introduces AI assistant beta for Reader and Acrobat platforms
Adobe, on Wednesday (February 21), launched an artificial intelligence (AI) assistant in beta for its Reader and Acrobat platforms, that offers instant summaries, answers questions, and helps format information for sharing. It's like having a helpful assistant right in your document software.
By tapping into the power of generative AI, Adobe aims to unlock untapped value within the vast repository of approximately three trillion PDFs worldwide.
Google halts Gemini's image generation of people over racial accuracy concerns
Alphabet Inc.’s Google said it will pause the image generation of people for Gemini, a powerful artificial intelligence model, after criticism about how it was handling race.
“We’re already working to address recent issues with Gemini’s image generation feature,” Google said in a post on X on Thursday. “We’re going to pause the image generation of people and will re-release an improved version soon.”
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How're these innovative financing help fighting superbugs
Today, the emergence of superbugs has captured the global spotlight, signalling a critical and growing concern in the medical community and beyond. Superbugs are germs such as bacteria, viruses, fungi, and parasites that have evolved to survive drugs that are developed to eliminate them.
This phenomenon, known as antimicrobial resistance (AMR) or drug resistance, represents a huge hurdle in modern medicine. It makes standard treatments ineffective and turns what were once easily treated infections into serious health threats.?
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Why ESOP exacts a cost though it remains an excellent employee retention tool
Employees’ Stock Option Plan (ESOP) might have had its origins in the US IT sector but it had long ago penetrated the Indian IT sector as well so much so that stories of Infosys’ drivers and peons striking it rich have come to sound old and dated.? It is back in the news because recently a relatively low-profile company Coforge had to increase the ESOP pool by 1.9 million shares after presumably exhausting them.??
ESOP as an employee retention tool has been traditionally associated with higher echelons of a company where normally key talent resides but Infosys showed that it can be democratically offered across the board including to the rank and file.?
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Mutual fund investors to receive dividends on these schemes tomorrow
Canara Robeco Mutual Fund, Franklin Templeton Mutual Fund, Nippon India Mutual Fund and Aditya Birla Sun Life Mutual Fund have announced dividends in select schemes. The record date for the same is February 23, 2024.? This date serves as a crucial cut-off point for determining the list of investors eligible to receive dividends.
In case of Canara Robeco Mutual Fund, dividends will be given on Canara Robeco ELSS Tax Saver Reg-Income Distribution Cum Capital Withdrawal (IDCW) Fund and Canara Robeco ELSS Tax Saver Direct-IDCW Fund.
These mutual fund houses currently hold the highest number of Paytm shares
The mutual fund industry’s shareholding in Paytm increased by 41% in January, 2024 from December 2023, data from Fisdom Research recently revealed. This upswing can be attributed to the addition of Paytm shares by mutual fund houses before the Reserve Bank of India (RBI) imposed operational constraints on Paytm Payments Bank, an affiliate of One 97 Communications Limited (OCL).
As of January 2024, the mutual fund Industry's cumulative exposure to Paytm stands at ?3,384 crore, as per the report.
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Dubai announces 5-year multiple-entry tourist visa for Indian travellers: Know details here
Dubai has introduced a Five-year multiple-entry visa to bolster travel between India and Dubai, highlighting its commitment to fostering sustained economic collaborations and encouraging tourism and business ties. This step ensures that the visa, issued within two to five working days upon receiving and accepting the service request, allows its holder to stay in the country for 90 days, extendable once for a similar period, with a total stay not exceeding 180 days in one year. Through this initiative, tourists can leverage multiple entries and exits, providing operational flexibility for business engagements, leisure travel, and seamless connectivity.
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