Amaravati, March 31 (IANS) Affirming that the future belongs to quantum computing, Andhra Pradesh Chief Minister N. Chandrababu Naidu on Tuesday said that the state has set the target of manufacturing quantum computers at Amaravati Quantum Valley in two years.Addressing a roundtable conference on the Quantum Hardware Manufacturing Ecosystem at the Amaravati Quantum Valley (AQV), Naidu said the state’s objective is not to import quantum computer hardware, but to manufacture it right here within…
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Mumbai, March 27 (IANS) Indian stock markets ended sharply lower on Friday, snapping a two-day winning streak, as uncertainty around ongoing talks between the United States, Israel and Iran unsettled investor sentiment.The benchmark indices saw heavy selling pressure throughout the session. The Nifty fell 2.09 per cent, or 486.85 points, to close at 22,819.60. Similarly, the Sensex dropped 2.25 per cent, or 1,690.25 points, to settle at 73,583.22.Commenting on Nifty outlook, experts said that te…
Mumbai, March 25 (IANS) Indian stock markets ended higher for the second straight session on Wednesday, supported by easing oil prices and positive global cues. Investor sentiment improved after US President Donald Trump reiterated that talks are ongoing to bring an end to the conflict in the Middle East.The benchmark indices saw strong gains, with the Nifty rising 1.72 per cent, or 392.70 points, to close at 23,306.45.The Sensex also advanced 1.63 per cent, or 1,205 points, to settle at 75,273….
Mumbai, March 22 (IANS) HDFC Bank emerged as the biggest loser among India’s most-valued companies last week, with its market valuation plunging by over Rs 56,000 crore, even as the broader stock market remained largely flat with a negative bias.India’s equity markets witnessed a cautious week, with five of the top-10 most-valued companies together losing over Rs 1 lakh crore in market capitalisation.The decline was led by HDFC Bank, whose valuation dropped sharply by Rs 56,124.48 crore to R…
New Delhi, March 17 (IANS) IT stocks came under selling pressure on Tuesday, emerging as the top dragger among sectoral indices amid rising concerns over the impact of generative artificial intelligence on traditional revenue streams.The Nifty IT index declined as much as 2.59 per cent to 28,288, hitting an intra-day low, with all constituents of the index falling by up to around 7 per cent.Meanwhile, the Nifty traded with high volatility, while weakness was also seen in PSU Bank and FMCG indice…
Mumbai, Feb 25 (IANS) Indian stock markets ended slightly higher on Wednesday, even though they gave up most of their early gains during the day. Heavyweights like Reliance Industries and State Bank of India put pressure on the indices, while buying in metal and IT stocks helped limit the losses.The Nifty closed 57.85 points, or 0.23 per cent, higher at 25,482.50. The Sensex ended up 50.15 points, or 0.06 per cent, at 82,276.07.Analysts said that the 25,400 level is acting as immediate structura…
Mumbai, Feb 20 (IANS) Earnings of Nifty 50 companies showed a year‑on‑year contraction in the December quarter for the first time in 13 quarters, even as top-line growth returned to double digits, as per industry data.Excluding banks, financial services and oil and gas firms, aggregate revenue rose 10 per cent in the quarter — the first double‑digit increase since the March 2023 quarter but aggregate profits dipped due to one‑time accounting impact of India’s new Labour Codes.Operati…
New Delhi, Feb 19 (IANS) Sam Altman, CEO of OpenAI, on Thursday said that with the ‘OpenAI for India’ initiative, they are working together to build the infrastructure, skills and local partnerships needed to build “AI with India, for India, and in India”.At the ‘India AI Impact Summit 2026’ here, the US-based ChatGPT maker launched the nationwide initiative with leading Indian partners to expand access to AI and unlock its economic and societal benefits in the world’s largest democrac…
Washington, Feb 19 (IANS) Brazilian President Luiz Inacio Lula da Silva’s visit to India for the ongoing AI Impact Summit, followed by a full-fledged state visit, signals a deliberate attempt by the two largest democracies of the Global South to elevate ties beyond multilateral coordination and into a deeper economic and strategic partnership, a senior US-based economist working on India-Brazil ties has said. “This Brazil visit is very significant,” said Dr Anit Mukherjee, Senior Fellow at ORF A…
Amaravati, Feb 13 (IANS) Andhra Pradesh Chief Minister N. Chandrababu Naidu said on Friday that Telangana’s objection to the Polavaram-Nallamala Sagar Link Project is unjustified. Speaking in the Assembly session during the discussion on the motion thanking the Governor’s address, he said every year, 3,500 TMC of Godavari floodwaters go waste into the sea. The state government is planning to divert 200 TMC to Nallamala Sagar.As Telugu states, both should utilise water judiciously. Obstructing …