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TCS Shares Drop Over 3% Amid Tata Sons Offer to Sell Stake

Tata Consultancy Services TCS saw a more than 3% decrease on March 19, with shares falling as low as Rs 4022 intraday. Tata Sons, which purportedly of

Tata Consultancy Services TCS saw a more than 3% decrease on March 19, with shares falling as low as Rs 4022 intraday. Tata Sons, which purportedly offered to sell 2.34 crore shares in Indias largest IT services company, is most likely the cause of this fall. During the day, almost 2.2 crore shares, or 0.6% of the stock, were exchanged at an average price of Rs 4,043. TCS shares were down about 3% at Rs 4,032.50 on the National Stock Exchange NSE as of 927 a.m. TCS is now Indias second most valuable listed business, having a market valuation of over Rs 15 lakh crore. As of December 31, 2023, promoters held 72.41% of the shares, while Tata Sons held 72.38%. Sharekhan made an offer to "buy" recommendation for TCS, setting a target price of Rs 4,750, citing the companys robust domain expertise, expansive geographical presence, and potential for sustained revenue growth driven by significant deal wins and rebounding demand in critical sectors such as BFSI. Read More..

B2B Tech News | 1 years ago

Investor Interest Surges in AIThemed ExchangeTraded Funds ETFs

ExchangeTraded Funds ETFs with an Artificial Intelligence AI theme have become extremely popular due to the increased interest in AI. This has given i

ExchangeTraded Funds ETFs with an Artificial Intelligence AI theme have become extremely popular due to the increased interest in AI. This has given investors more opportunities to profit from this rapidly developing technology. The funds span from those with several prominent AI beneficiaries to others focusing on more specialised areas such as robotics and audio production. As of February, the total assets of AIthemed ExchangeTraded Funds ETFs in the US were $6.88 billion, a notable rise from $2.55 billion the previous year. This pattern is consistent with earlier waves of investor enthusiasm for disruptive technology. Notably, Nvidias shares are still attracting attention, making it a focal point in the AI investing environment. Smaller ETFs have also increased significantly, suggesting that investors interest in AIrelated assets is growing. Although some investors concentrate on established AI leaders like Nvidia, others seek exposure to emerging areas expected to benefit from AI t Read More..

B2B Tech News | 1 years ago

Chinese and Angolan Presidents Meet in Beijing, Strengthen Bilateral Ties

During their meeting in Beijing, Chinese President Xi Jinping greeted Angolan President Joao Lourenco as an old friend of China. Xi emphasised that Ch

During their meeting in Beijing, Chinese President Xi Jinping greeted Angolan President Joao Lourenco as an old friend of China. Xi emphasised that China and Angola have a longstanding and mutually beneficial relationship and that their cooperation is an example of winwin and SouthSouth cooperation. The two presidents talked further about improving trade and economic cooperation while expressing thanks for the assistance. During the meeting, they also declared that the bilateral ties will now be elevated to a comprehensive strategic cooperative partnership. Read More..

B2B Tech News | 1 years ago

EU Unveils $8 Billion Aid Package for Egypt to Address Economic Pressures and Migration Concerns

To ease economic strains and resolve worries about increased immigration to Europe, the European Union has proposed an $8 billion aid package for Egyp

To ease economic strains and resolve worries about increased immigration to Europe, the European Union has proposed an $8 billion aid package for Egypt. The agreement, which aims to strengthen collaboration between the EU and Egypt, consists of grants and loans spread over three years. It seeks to fortify Egypts borders, especially with Libya, and support the countrys hosting of Sudanese refugees. Egypt has traditionally been a destination or a hub for migration. Still, the agreement raises questions about human rights, with civil society organisations calling on EU leaders to confront Egypts limitations on the media. EU representatives defend the alliances by pointing to initiatives to improve local and migrant circumstances. Read More..

B2B Tech News | 1 years ago

Fujitsu Discloses Major Cybersecurity Breach, Customer Data Compromised

Major international IT services firm Fujitsu revealed a severe cybersecurity incident involving compromised systems infested with malware and stolen c

Major international IT services firm Fujitsu revealed a severe cybersecurity incident involving compromised systems infested with malware and stolen client information. The company, wellknown for its wide range of products and close relationships with the Japanese government, found malware on corporate PCs, which resulted in the unauthorised deletion of files holding private client data. Although Fujitsu immediately isolated the compromised systems and increased monitoring, inquiries are still being conducted to ascertain the full scope of the hack and data espionage. Fujitsu contacted the authorities and is getting ready to send out individual letters to concerned consumers even though there has been no known abuse of client data. This incident comes after another hack in May 2021, when critical data was compromised due to unauthorised access to government offices using Fujitsus ProjectWEB application. The business implemented security protocol enhancements and vulnerability fixes in Read More..

B2B Tech News | 1 years ago

Super Micro Computers S&P 500 Inclusion Boosts AI Server Market Prospects

Strong links with Nvidia and AMD enable Super Micro Computer, a recent addition to the S&P 500, to quickly introduce solutions for the generative AI i

Strong links with Nvidia and AMD enable Super Micro Computer, a recent addition to the S&P 500, to quickly introduce solutions for the generative AI industry. Super Micro has a competitive advantage because of its proximity to these chip vendors, which allows it to get AI chips early for testing. Analysts point out that the corporation can produce, build, test, and ship servers in weeks, assuming parts are available. With anticipated doubled sales and tripledigit growth, Super Micros market value has increased to $60 billion. If future earnings fall short of projections, the stocks high pricetoearnings ratio might become problematic. Moreover, Super Micros liquid cooling technology meets the growing need for effective cooling in data centres using AI chips sustaining its competitive edge in AI servers is still a challenge. Read More..

B2B Tech News | 1 years ago

STEAG Indian Army Establishes Elite Unit for Researching Future Communication Technologies

The Signals Technology Evaluation and Adaptation Group STEAG is an elite organisation of the Indian Army that conducts research and evaluations of cut

The Signals Technology Evaluation and Adaptation Group STEAG is an elite organisation of the Indian Army that conducts research and evaluations of cuttingedge communication technology for military applications. To improve defence capabilities, this unit will investigate cuttingedge technologies, including Artificial Intelligence AI, machine learning, 5G, 6G, and quantum technologies. Evaluation of a broad spectrum of wired and wireless systems, such as electronic exchanges, mobile communications, Software Defined Radios SDR, and Electronic Warfare EW systems, is part of STEAGs mandate. It wants to establish itself as a leading company at the forefront of technical innovation in the military sector by promoting cooperation with academics and businesses to find and create specialised solutions for defence applications. Read More..

B2B Tech News | 1 years ago

Alphalake AI Launches AlphaUID Validator to Tackle Fraudulent Activities in Indian Insurance Sector

The AlphaUID Validator, the most recent invention from Alphalake AI, is intended to strengthen verification procedures and fight financial deceit and

The AlphaUID Validator, the most recent invention from Alphalake AI, is intended to strengthen verification procedures and fight financial deceit and fraudulent insurance claims, which are especially common in the Indian insurance industry. According to studies, there has been a notable increase in fraudulent activities due to reduced restrictions and greater digitalization. To combat this, the AlphaUID Validator uses proprietary algorithms to quickly verify users using the government of Indias Aadhar Unique ID. This technologically advanced solution protects data integrity and security while expediting authentication and guaranteeing timely resolutions. The objective of Alphalake AI is to enable companies to proactively combat fraudulent activity and improve customer confidence in the everchanging digital insurance market. Read More..

B2B Tech News | 1 years ago

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