by Editor | Jul 26, 2024 | Business, Economy, News
San Francisco: ChatGPT maker OpenAI has announced its foray into the search market dominated by Google, with launching SearchGPT which is an AI-powered search engine offering real-time access to information across the web.
OpenAi said it is first launching the search engine with a small group of users and publishers to get feedback.
“While this prototype is temporary, we plan to integrate the best of these features directly into ChatGPT in the future,” said the company.
SearchGPT is designed to help users connect with publishers by prominently citing and linking to them in searches.
You’ll be able to ask follow-up questions, like you would in a conversation with a person, with the shared context building with each query.
“Responses have clear, in-line, named attribution and links so users know where information is coming from and can quickly engage with even more results in a sidebar with source links,” said OpenAI.
The company said it will keep improving the experience in areas like local information and commerce.
by Editor | Jul 26, 2024 | Business, Economy, News
San Francisco: Meta-owned WhatsApp has reached 100 million users in the US, said its CEO Mark Zuckerberg. This is the first time the social media company has revealed its US figures for the WhatsApp service.
Globally, the popular mobile messaging service has over 2 billion users.
Earlier this month, WhatsApp rolled out a new feature that will help users stay safe in group messaging.
According to the company, this has already started rolling out to users and will be available to all users in the coming weeks.
This includes who added you, how recent the group was created, and who created it. From there, you can decide whether to stay or leave the group and review some of the safety tools available to stay safe and secure on WhatsApp.
The platform is also reportedly working on a new feature to bring a ‘communities tab’ to iPad.
It is also working on a new in-app dialler feature that will allow users to make calls directly from the app.
by Editor | Jul 26, 2024 | Business, Economy, News
Mumbai: Equity market benchmark indices Sensex and Nifty rebounded in early trade on Friday after staying on the back foot for the past five straight sessions, helped by value buying at lower levels and rally in blue-chips Infosys, Tata Consultancy Services and Reliance Industries.
The 30-share BSE Sensex climbed 235.23 points to 80,275.03 in early trade. The NSE Nifty went up 86.6 points to 24,492.70.
From the Sensex pack, Bharti Airtel, Tata Steel, Infosys, JSW Steel, Bajaj Finance, HCL Technologies, Tata Consultancy Services and Reliance Industries were the biggest gainers.
Tech Mahindra, HDFC Bank, Nestle and Maruti were among the laggards.
The unique feature of the bull market in India is its ability to climb all walls of worry. The market dismissed all concerns relating to elections, the Budget and the correction in the mother market US. The buy on dips strategy which has played out well in this rally continues to hold good, said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
In Asian markets, Seoul, Tokyo, and Hong Kong were trading higher while Shanghai quoted lower.
The US markets ended mostly lower on Thursday.
Global oil benchmark Brent crude climbed 0.19 per cent to USD 82.53 a barrel.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,605.49 crore on Thursday, according to exchange data.
“The US economy’s 2.8 per cent growth in Q2 confirms it won’t slip into recession, and we expect the Federal Reserve to start cutting interest rates by September due to easing inflation,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.
After a sharp fall in intra-day trade on Thursday, the BSE benchmark managed to recover some of the lost ground to settle 109.08 points or 0.14 per cent lower at 80,039.80.
The NSE Nifty dipped 7.40 points or 0.03 per cent to 24,406.10.
by Editor | Jul 26, 2024 | Business, Economy, News
Forex traders said foreign fund outflows from Indian equities following the government’s decision to hike the tax rate on capital gains weighed on the local currency and restricted the upmove.
At the interbank foreign exchange market, the local unit opened at 83.72 against the American currency, then rose to 83.69 against the American currency, registering a rise of 9 paise from its previous close.
On Thursday, the rupee dropped by 7 paise to close at an all-time low of 83.78 against the US dollar.
“The rupee remains under significant pressure, hovering near all-time low levels. This strain is due to the government’s recent decision to hike the tax rate on capital gains, sparking major outflows of Foreign Institutional Investments (FIIs).
“However, the Reserve Bank of India (RBI) has been actively capping the downside, preventing further depreciation by maintaining the rupee at around 83.75,” CR Forex Advisors MD Amit Pabari said.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was at 104.30, lower by 0.05 per cent.
Brent crude futures, the global oil benchmark, rose 0.18 per cent to USD 82.52 per barrel.
In the domestic equity market, the 30-share BSE Sensex was trading 291.71 points, or 0.36 per cent higher at 80,331.51 points. The broader NSE Nifty was up 114 points, or 0.47 per cent, to 24,520.10 points.
by Editor | Jul 26, 2024 | Business, Economy, News, Technology
New Delhi: In yet another success story of India’s local manufacturing push, iPhone maker Apple has achieved record exports numbers in the April-June quarter in the country, reaching around $3.8 billion.
Riding on the government’s production-linked incentive (PLI) scheme, Apple reached a new all-time high in the Q1 FY25, according to industry data, as manufacturers continue to look at the ‘China + 1 business strategy’ to avoid investing only in the neighbouring country and diversify business into other territories.
In the last fiscal (FY24), the Cupertino-based tech giant saw its sales hitting new highs amid increased manufacturing and a growing premiumisation trend.
The tech giant saw robust around $8 billion sales in India in the last fiscal — a nearly 33 per cent surge (on-year).
The growth came amid the premiumisation trend that has solidified in the world’s second-largest smartphone market.
According to industry estimates, iPhone shipments are projected to increase by over 20 per cent this year on the back of domestic manufacturing support and strong distribution.
by Editor | Jul 26, 2024 | Business, News, Technology
New Delhi: Amid the changing landscape where cyber-criminals use novel methods to steal personal data, the Digital Personal Data Protection (DPDP) Act, 2023 upholds individuals’ rights to safeguard their data, incorporating established principles for its protection, the government has said.
According to Ministry of Electronics & IT, these principles include obtaining consent for lawful and transparent use of personal data, limiting its use to specified purposes, minimising data collection to necessary levels, ensuring data accuracy and timely updates, restricting storage duration to the required period, implementing robust security measures, and enforcing accountability through penalties for breaches and data adjudication.
The Act also imposes stringent protections on personal data transfers, as exemplified by the Reserve Bank of India’s directive under Section 10(2) and Section 18 of the Payment and Settlement Systems Act, 2007, mandating the storage of payment system data within India.
“These provisions underscore the Act’s commitment to robust data protection standards and restrictions on personal data transfers, which remain in effect under its framework,” said the IT Ministry.
As the country continues to harness the benefits of digital transformation, maintaining stringent data protection standards will be crucial in fostering trust, resilience, and sustainable growth in its digital economy.
The country has emerged as a global leader in the digital landscape, with more than 936 million Internet subscribers.
Keeping such a staggering figure in mind, the Indian Computer Emergency Response Team (CERT-In) has registered several cases of cybercrimes during the last three years.
The Centre has also established the Indian Cyber Crime Coordination Centre (14C) to enhance the coordinated response of law enforcement agencies to cybercrimes.
The government launched the ‘Citizen Financial Cyber Fraud Reporting and Management System’ to facilitate the immediate reporting of financial frauds and prevent fund siphoning by fraudsters.
