Is India ready for the AI revolution? The rapid advancements in artificial intelligence, from generative AI tools to sophisticated machine learning algorithms, are transforming industries across the nation. From fintech's burgeoning use of AI-powered fraud detection to the agricultural sector's embrace of precision farming technologies, the impact is undeniable. This week saw a major breakthrough in indigenous 5G technology development, signaling India's growing prowess in the global tech landscape. But alongside this progress comes the crucial discussion surrounding data privacy, cybersecurity, and the ethical implications of AI deployment. How will India navigate these challenges and harness the transformative power of technology for inclusive growth? Explore the latest developments in Indian tech, from the rise of digital payments to the burgeoning startup ecosystem, and discover how innovation is shaping the nation's future. Stay informed with Abtak.com – your gateway to understanding the tech revolution reshaping India.
, /PRNewswire/ -- Canaan Inc . (NASDAQ: NASDAQ:CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that the Company will participate in the following investor conferences in . Canaan's management plans to host one-on-one meetings with institutional investors at the conferences. For more information about the conference or to schedule a one-on-one meeting, please contact your representative at each institution or contact the Company at IR@canaan-creative.com. About Canaan Inc. Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Canaan has extensive experience in chip design and streamlined production in the ASIC field. In 2013, Canaan's founding team shipped to its customers the world's first batch of mining machines incorporating ASIC technology in bitcoin's history under the brand name Avalon. In 2019, Canaan completed its initial public offering on the Nasdaq Global Market. To learn more about Canaan, please visit https://www.canaan.io/. Safe Harbor Statement This announcement contains forward ˆ'looking statements. These statements are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward ˆ'looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Canaan Inc.'s strategic and operational plans, contain forward ˆ'looking statements. Canaan Inc. may also make written or oral forward ˆ'looking statements in its periodic reports to the U.S. Securities and Exchange Commission ("SEC") on Forms 20 ˆ'F and 6 ˆ'K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Canaan Inc.'s beliefs and expectations, are forward ˆ'looking statements. Forward ˆ'looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward ˆ'looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition and results of operations; the expected growth of the bitcoin industry and the price of bitcoin; the Company's expectations regarding demand for and market acceptance of its products, especially its bitcoin mining machines; the Company's expectations regarding maintaining and strengthening its relationships with production partners and customers; the Company's investment plans and strategies, fluctuations in the Company's quarterly operating results; competition in its industry; and relevant government policies and regulations relating to the Company and cryptocurrency. Further information regarding these and other risks is included in the Company's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Canaan Inc. does not undertake any obligation to update any forward ˆ'looking statement, except as required under applicable law.
New Delhi [India], January 8 (ANI): The upcoming union budget 2025-26 should focus on giving personal tax relief to common taxpayers by raising the basic exemption limit in the new tax regime from Rs 3 lakhs to Rs5 lakhs and reducing tax rates, suggests global consulting and professional services firm Ernst & Young India (EY India). EY India also asks for deferring tax deduction at source (TDS) on PF interest rate (above 2.5 lakhs) until the withdrawal stage to reduce compliance burden. In the previous budget TDS rate rationalization was undertaken to a certain extent. To further simplify th ...Read More >
Mumbai, June 2 (SocialNews.XYZ) Shares of Piccadily Agro Industries Limited, the Haryana-based distillery best known for its award-winning 'Indri' single malt whisky, have nosedived more than 40 per cent so far this year. On Monday, the company's share price further dropped by 1.67 per cent, or Rs 9.70, during the intra-day trade, adding to the downward momentum. While the shares had shown some short-term recovery -- rising 1.82 per cent over the past five trading days and gaining 7.31 per cent over the last month -- the longer-term picture remains bleak. In the past six months, the stock h ...Read More >
BENGALURU, India, June 5, 2025 /PRNewswire/ -- Marriott India proudly achieved its ambitious goal for World Environment Day 2025, a commitment to plant 100,000 trees across its extensive portfolio of over 150 hotels nationwide. This significant undertaking marked a powerful escalation of Marriott India's dedication to sustainability and ecological restoration, building upon the success of its previous environmental initiatives. This landmark endeavor was built upon the successful foundation of last year's 'Two Trees per Room' initiative, launched on World Environment Day 2024. That program, a ...Read More >
IREDA plans to raise Rs 5,000 crore through a QIP, setting the floor price at Rs 173.83 per share. The initiative supports growing green energy financing demands. The board and shareholders had earlier approved the move, with possible discounts and non-dilution commitments outlined. State-run Indian Renewable Energy Development Agency Ltd (IREDA) has established the floor price for its qualified institutional placement (QIP) at Rs 173.83 per equity share, aiming to raise approximately Rs 5,000 c ...Read More >
, /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WiMi) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that they are exploring a blockchain sharding storage model optimized specifically for the storage needs of multi-view data. Sharding storage is an advanced architecture in blockchain technology that divides the blockchain network into multiple independent "shards," with each shard responsible for processing and storing a portion of the data. This approach can significantly improve the scalability and processing speed of t ...Read More >
SHANGHAI, Dec. 02, 2024 (GLOBE NEWSWIRE) -- MultiMetaVerse Holdings Limited (NASDAQ: MMV) (MMV or the Company), a leading animation and entertainment company for young consumers in China, today announced that it has signed a definitive share exchange agreement (the Share Exchange Agreement) with the shareholders (the Transferors) of Bowong AI Limited (Bowong Cayman), which, after a series of restructuring transactions, is expected to indirectly hold 100% equity interests in Bowong Technology (Shenzhen) Co., Ltd. (Bowong Technology). Bowong Technology is a company equipped with cutting-edge tec ...Read More >
CHENNAI: Hyundai Motor Group has partnered with three Indian Institutes of Technology (IITs) to establish a collaborative research system in the fields of batteries and electrification. The three institutes are IIT Madras, IIT Delhi and IIT Bombay. The Hyundai Centre of Excellence (CoE), which will be set up on IIT Delhi campus, will operate through sponsorships from Hyundai Motor Group. The primary objective of the Hyundai CoE is to take the lead in driving advancements in batteries and electrification, specifically designed to meet the unique requirements of the Indian market. Hyundai Mo ...Read More >
Brookfield India Real Estate Trust's Rs 2,800- crore QIP has drawn interest from institutional investors such as India's biggest insurer Life Insurance Corporation of India (LIC), World Bank arm IFC and mutual funds such as ICICI Prudential MF and SBI MF, sources told Moneycontrol. The Canadian investment firm Brookfield-backed firm's QIP, with a base issue size of Rs 2,800 crore, saw a 2x demand from investors, the sources said. "This is the first time LIC and IFC have invested in a REIT in In ...Read More >
New Delhi [India], May 28: What happens when Pi Network (PI) market analysis shows stalled momentum and the Shiba Inu (SHIB) trend shift reveals a massive 74% drop in whale activity? Traders start looking elsewhere, and fast. Both coins are holding their ground but not showing the kind of breakout signs needed for big upside in the short term. Meanwhile, one new name is building pressure for a major move: BlockDAG. The most popular cryptocurrency presale right now is entering its final countdown. BDAG Countdown Begins: Special price Ends June 13 as Exchange Listings + Testnet Push Price Rebou ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin (BTC) remains range-bound in the mid-$100,000s, showing no clear directional bias. However, the Hash Ribbons indicator is now flashing a fresh buy signal, suggesting that the top cryptocurrency may be gearing up for its next upward move. According to a recent CryptoQuant Quicktake post by contributor Darkfost, Bitcoin's Hash Ribbons are signalling a potential prime buying opportunity for the leading digital asset. This signal coincides with Bitcoin's hashrate reaching n ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. As political tensions between US President Donald Trump and Elon Musk escalated yesterday, the Bitcoin (BTC) market experienced a sharp shift in sentiment, with the funding rate on Binance flipping from positive to negative within hours. According to a CryptoQuant Quicktake post by contributor Darkfost, BTC funding rates on Binance have once again turned negative, even as the top cryptocurrency continues to trade above the $100,000 mark at the time of writing. The analyst attr ...Read More >
Bitcoin World - Let me start by saying that I made over $30,000 in passive income last month. I know, that sounds crazy, right? But I promise you it is 100% real. I used to think that making money while you sleep was something only the super wealthy or tech savvy could do. But it turns out it is totally possible, and I'm here to tell you how I did it," said Dennis. Dennis has been installing photovoltaic panels for three years, and five years ago he asked his wife a question: "Do we really have to work ourselves to death?" She simply responded: "That's life." "To be honest, it was frustratin ...Read More >
As a part of the new agreement between Mazagon Dock and BEML, Mazagon Docks will make facilities available to BEML's research team in exchange for their technical support to design and manufacture strategic equipment, reported PTI. The government-owned BEML Ltd. (formerly known as Bharat Earth Movers Ltd) announced on Wednesday, November 27, that it has signed an agreement with Mazagon Dock Shipbuilders to develop technologies for the marine industry, news agency PTI reported. According to the company statement cited by the agency, the company aims to leverage the opportunity to expand its e ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Trump and Musk's most "hot" alliance, the breakup is also the most "hot" and spectacular: on Thursday, the two were almost completely torn apart in a live broadcast similar to a reality show. Musk called him "ungrateful" and Trump described him as "crazy". As soon as the news came out, it immediately caused a sharp drop in the stock and crypto markets. ETHRANSACTION reminds cryptocurrency holders to convert their cryptocurrencies into investment plans as soon as possible (to av ...Read More >
Policy 2 min read Cryptocurrencies hamper financial stability: RBI RBI Governor Sanjay Malhotra expressed concerns about cryptocurrencies, citing potential risks to financial stability and monetary policy. While the Supreme Court urged the Centre to formulate clear regulations, India is currently developing a discussion paper on cryptocurrencies, with an inter-ministerial group examining global norms. Mumbai, RBI Governor Sanjay Malhotra on Friday said the central bank is concerned about cryptoc ...Read More >
Bhubaneswar: Revenue minister Suresh Pujari on Saturday said Odisha would not be allowed to follow the lawless path in sand operations like it is in Bihar and West Bengal, while responding to the recent assault of an additional tehsildar in Kaptipada block, Mayurbhanj district, by the sand mafia. He promised stringent action against the sand mafia regardless of their connections, while speaking to mediapersons here on Saturday."The Kaptipada incident represents a serious escalation in conflict between law enforcement and the sand mafia. The attack on officers performing their enforcement dutie ...Read More >
Chicago Rivet & Machine Co. (NYSE American: CVR) has announced a reduced quarterly dividend of $0.03 per share, down from the previous $0.10 per share, payable on December 20, 2024, to shareholders of record as of December 5. The reduction reflects prudent financial management amidst challenging market conditions, including a decline in demand from automotive customers. While the company continues to implement performance-enhancing initiatives, macroeconomic headwinds are expected to persist into 2025. The Board of Directors will evaluate future dividends based on profitability, cash requireme ...Read More >
For investors, this means that any profits made from selling cryptocurrencies will now be subject to capital gains tax.Source : Ewan Kennedy/Unsplash The Income Tax Appellate Tribunal (ITAT) in Jodhpur has provided much-needed clarity on the taxation of cryptocurrencies in India. The ruling recognises cryptocurrencies as capital assets, setting a framework for how profits from their sale are taxed, especially for transactions made before the Government introduced specific guidelines for Virtual ...Read More >
New Delhi, Jan 22 (PTI) Water purifier company Kent RO Systems Ltd has filed preliminary papers with markets regulator Sebi seeking approval to float an initial public offering (IPO). The issue is completely an offer of sale (OFS) of 1 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Tuesday. Also Read | Ladki Bahin Yojana January 2025 Instalment Date: When Will Women Beneficiaries Receive INR 1,500 in Maharashtra?. Promoters Sunita Gupta, Mahesh Gupta, and Varun Gupta are offloading shares in the OFS. Overall, promoters hold 99.77 per cent sta ...Read More >
AHMEDABAD: Homegrown pharma major, Zydus Lifesciences Limited, on Tuesday reported a 17.3% rise in consolidated net profit for FY 2025 at Rs 4,525.5 crore, up from Rs 3,859.5 crore in the previous year, driven by strong US and India sales. The board recommended a final dividend of Rs 11 per equity share, subject to shareholder approval at the AGM on 12 August 2025.For the March quarter (Q4), net profit fell marginally by 1.0% to Rs 1,170.9 crore from Rs 1,182.3 crore a year earlier, impacted by a one-time loss of Rs 220 crore. Adjusted for this, net profit rose 18% year-on-year to Rs 1,390.5 c ...Read More >
Silchar: Assam chief minister Himanta Biswa Sarma on Friday visited the flood-ravaged districts of Hailakandi and Sribhumi in the Barak Valley. He assured affected residents of providing timely disbursement of rehabilitation grants and swift repair of damaged infrastructure.This marks Sarma's second visit to the flood-hit region within four days, underscoring the gravity of the situation. Speaking to the media in Sribhumi after inspecting multiple relief camps, the CM said, "Flood-related problems may persist till July. I will return before Durga Puja to ensure that roads and infrastructure ar ...Read More >
TURFAN, China, Nov. 26, 2024 /PRNewswire/ -- On November 21, Turfan Power Grid applied "one-click smooth control" technology for the first time to complete the 10-kV glorious line and forward line closed-ring load transfer operation. This "one-click smooth control" was successfully applied, marking a new level in the digitalization of the power grid. The distribution network "one-click smooth control" technology realizes the one-click start of the operation steps and the automatic sequential execution of the operation process by setting the switch operation order in the distribution automatio ...Read More >
Bengaluru, India (OTE) - Leveraging Infosys Topaz and Google Cloud technology, the center of excellence will foster co-innovation to deliver transformative AI-powered solutions Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced the launch of a Google Cloud center of excellence, powered by Infosys Topaz, to foster enterprise AI innovation. The center will serve as a catalyst for co-creation and help businesses harness the power of generative AI to achieve transformative growth. Infosys and Google Cloud share a s ...Read More >
Mumbai, Dec 18 (PTI) Equity benchmark indices Sensex and Nifty stayed on the back foot for the third straight session on Wednesday as investors offloaded utility, capital goods and metal stocks amid foreign fund outflows. Besides, investor sentiment remained subdued ahead of the outcome of the US Federal Reserve's policy meeting, scheduled for Wednesday, traders said. The 30-share BSE benchmark tumbled 502.25 points or 0.62 per cent to settle at 80,182.20, taking its downtrend to the third day. During the day, it tanked 634.38 points or 0.78 per cent to 80,050.07. As many as 2,563 stocks de ...Read More >
India Budget: The Union Budget 2025-26 should prioritise giving tax relief to common taxpayers by raising the basic exemption limit in the new tax regime from ₹3 lakh to ₹5 lakh and lowering tax rates, according to Ernst & Young India (EY India), a global consulting firm. EY India also recommended delaying the tax deduction at source (TDS) on provident fund (PF) interest above ₹2.5 lakh until the withdrawal stage to reduce the compliance burden on taxpayers. Also Read: India to simplify decades-old income tax filing rules in Budget In the last budget, some TDS rate rationalisation was intro ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. After days of fluctuating around the $105,000 range, Bitcoin appears to be succumbing to pressure from bears and profit-taking from traders. The most recent 24 hours were marked by Bitcoin losing its hold on the $105,000 price level, crashing until it rebounded at a lower support range around $101,000. However, technical analysis of Bitcoin's daily candlestick timeframe chart shows that this price level is increasingly under threat, and a formation is currently in place that co ...Read More >
William B. Roberts, a director at Consumer Portfolio Services, Inc. (NASDAQ:CPSS), recently sold a substantial amount of company stock. According to a Form 4 filing with the Securities and Exchange Commission, Roberts offloaded a total of 30,000 shares over several days, with transactions occurring on November 14, 15, and 18. The shares were sold at prices ranging from $10.37 to $10.49, generating proceeds of approximately $313,000. Following these sales, Roberts retains ownership of 770,078 shares of the company. Each sale was executed at a weighted average price, with the shares being sold ...Read More >
SSAB, a Nordic and US-based steel company, along with its subsidiary Ruukki Construction, has announced a donation of roofing products and steel to aid in the reconstruction of war-damaged buildings in Ukraine. This philanthropic effort is in collaboration with the nongovernmental organisation OperationAid, focusing on the Mykolaiv region's urgent rebuilding needs. The donation includes approximately 3,000m² of colour-coated steel for roofing, manufactured at Ruukki's plant near Ukrainian capi ...Read More >
New Delhi, Dec 13 (PTI) Brookfield India Real Estate Trust has raised Rs 3,500 crore by selling units to institutional investors through QIP issue mainly to reduce debt. In a regulatory filing on Friday, the company said it has successfully completed a capital raise of Rs 3,500 crore through a qualified institutional placement (QIP) of units. The issue was launched on December 9. Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for December 13, 2024 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game. The issue saw strong demand from long-term invest ...Read More >
Mumbai, Dec 13 (PTI) Benchmark indices Sensex and Nifty slumped on Friday morning dragged down by metal stocks, foreign fund outflows and weak global cues. The 30-share BSE benchmark Sensex tumbled 1,207.14 points to 80,082.82 in the late morning trade. The NSE Nifty tanked 367.9 points to 24,180.80. Among the 30-share Sensex blue-chip pack, JSW Steel, Tata Steel, IndusInd Bank, Bajaj Finserv, Axis Bank, Larsen & Toubro, ITC and Mahindra & Mahindra were the biggest laggards. Bharti Airtel and Hindustan Unilever were the gainers. Foreign Institutional Investors (FIIs) offloaded equities wor ...Read More >