Zomato shares may go up to ?250, says UBS citing 'underappreciated' growth & margin potential; Why India’s AI revolution has lessons for the world
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TCS CEO says AI to be the 'X-factor' on determining how fast clients start spending
Tata Consultancy Services Ltd. (TCS), the Tata Group IT services giant, has a $900 million pipeline for Artificial Intelligence and Generative AI, its management told CNBC-TV18 in a post-earnings interaction on Monday, April 15.
Both TCS CEO K Krithivasan and COO N Ganapathy Subramaniam agreed to the fact that AI will be the 'X-Factor' in determining how fast clients start spending again.Subramaniam said that AI is seen both in the positive and negative context. "Everyone is looking at AI for internal use," he said, adding that if AI is used for customer-facing solutions, there are two things the company will have to tackle. "One, we have to make it responsible and, two, if regulations come in, how will it get rolled back."
Battery maker’s shares give over 100% return in a year, analyst further raises target price by 30%
The shares of battery maker Exide Industries can rise significantly over the next decade as the firm could become a leading player in battery cell localisation, global brokerage Morgan Stanely said in a brokerage note.
The analyst has raised its target price on Exide Industries shares by over 30% to ?485 from ?373 earlier with an overweight rating. This implies a potential upside of 22% from the last closing price of ?397.70 on April 12.The battery maker’s stock has remained in focus this year and has given a return of 23% year-to-date as against benchmark Sensex which has risen 2.7% during the period. In the past year, it has made investors 111% wealthier whereas Sensex has gone up 24% during the period.
Zomato shares may go up to ?250, says UBS citing 'underappreciated' growth and margin potential
Brokerage firm UBS expects food delivery giant Zomato Ltd.'s share price to rise as high as ?250 over the next 12 months. However, this isn't the highest target for the stock on the Street. Brokerages like ICICI Securities (?300) and JM Financial (?260) have targets higher than UBS for Zomato's shares.
Of the 28 analysts that track Zomato, 24 maintain a "buy" recommendation on the stock, while four have a "sell" rating.
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Apple’s iPhone shipments plunge 10% as Android rivals rise
Apple Inc.’s iPhone shipments were down nearly 10% in the first quarter of the year, losing ground as the broader smartphone industry rebounded, according to market tracker IDC.
The global mobile market rose to 289.4 million handsets shipped, marking a 7.8% rise from a year ago. Samsung Electronics Co. regained the top spot. Budget-focused brand Transsion jumped 85% in shipments, while Xiaomi Corp. bounced back to close the gap on second-place Apple.
Why India’s AI revolution has lessons for the world
India is already a driving force of innovation in Asia and a global centre of technology talent. Now, the world’s largest democracy is on the brink of an artificial intelligence (AI) revolution, which promises to propel the nation forward as a leader in technology. This pivotal moment holds lessons for the rest of the world.
India’s unique digital transformation journey
India’s 1.4 billion people are exceptionally optimistic about AI. In our ?(Microsoft's) recent study, 90% of people we surveyed say they already use it, and the vast majority think it will make life more convenient (79%) and enable career development (76%).?
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Lok Sabha election 2024 — what are the contrasting themes of NDA and I.N.D.I.A campaigns
On Friday, April 19, 2024, the first batch of the nearly 97 crore voters entitled to elect a new government in the country will be speaking through the ballot. This, in effect, will herald the start of the great Indian electoral race which will culminate on June 4, when votes will be counted.
Precisely two days ahead of Friday, campaigning for the first round will end bringing down the curtains on the initial bouts of? wordy duel between contestants of different parties. In modern times, campaigning is no longer confined to the traditional methods adopted when the country voted for the First Lok Sabha in 1951-52.
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The rise of non-influencers
As the founder of a beauty brand, I've had the privilege of collaborating closely with individuals from editorial backgrounds and influencers to promote my products.
However, I've recently noticed an intriguing trend on social media — the emergence of a new type of influencer. These individuals don't fit the traditional mould of "expert" with an editorial background or "celebrity." Instead, they are everyday people, just like you and me, who have boldly chosen to pivot in their careers, driven by a passion for their chosen niche.
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BharatPe co-founder Ashneer Grover set to re-enter fintech with ZeroPe app
BharatPe co-founder and former managing director Ashneer Grover is preparing his second coming in the fintech arena with an app for medical loans called ZeroPe.
ZeroPe, which is still in testing mode, has been developed by Third Unicorn, according to its Google Play Store listing.Third Unicorn was founded by Grover after his exit from BharatPe and launched a fantasy gaming platform, called CrickPe, in 2023.The ZeroPe app will offer instant pre-approved medical loans of up to Rs 5 lakhs in partnership with Delhi-based Non-Banking Financial Company (NBFC) Mukut Finvest. The service can only be availed at partnered hospitals, the ZeroPe app website says.
MobiKwik's Pocket UPI: How to make payments without linking bank accounts?
Fintech merchant company MobiKwik has recently unveiled its latest innovation — Pocket UPI. This feature aims to revolutionise the way users manage their finances and conduct Unified Payments Interface (UPI) transactions, the company said.Pocket UPI offers users the ability to make UPI transactions instantly through their MobiKwik wallets without the necessity of linking their accounts to any bank accounts — with just a taps on their smartphones.
Users can open the MobiKwik app and either create a new account or log in to the existing account using your credentials. They can add funds by using a debit/credit card, or through other available payment methods.
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Byju’s India CEO Arjun Mohan resigns, founder Byju Raveendran to lead daily operations
Beleaguered edtech giant Byju’s announced the exit of CEO Arjun Mohan on April 15 amid a major reorganisation. Founder and Group CEO Byju Raveendran will now spearhead day-to-day functioning as the firm looks to streamline operations.
“The changes follow an extensive seven-month operational review and cost optimisation exercise led by outgoing Byju’s India CEO Arjun Mohan. Mohan will now transition to an external advisory role, lending his deep edtech expertise to the company and its founders during this transformation phase,” the company said in a statement.
Lost your pet? Here's how Swiggy's 'Pawlice' feature can help
Swiggy, the popular food delivery platform, on Friday, April 12, rolled out a new feature on its app aimed at aiding pet owners in finding their missing pets. The feature, named "Swiggy Pawlice," allows users to report a lost pet directly through the Swiggy app.
This comes a day after the National Pet Day, on April 11, when the food- delivery platform launched the Swiggy Paw-ternity Policy for its employees under which all full-time staffers who are or want to become pet parents will be able to avail of a few additional leaves.
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