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Gujarats Top Companies Reach Rs 14.7 trillion in Cumulative Value Hurun India 500

The 2023 Burgundy Private Hurun India 500 lists at least 31 of the most valuable firms in India, with a combined valuation of Rs 14.7 trillion, in Guj

The 2023 Burgundy Private Hurun India 500 lists at least 31 of the most valuable firms in India, with a combined valuation of Rs 14.7 trillion, in Gujarat. With a valuation of Rs 2.6 trillion, Adani Enterprises holds the top spot, followed by Adani Green Energy, Adani Ports, and Adani Special Economic Zone. Adani Group firms had a 50% decline in value throughout the review period. Still, following a Supreme Court verdict, they significantly increased. Gujarats newcomers are primarily in the healthcare industry, with Torrent Pharmaceuticals leading. Meanwhile, 25 enterprises, led by ITC, with a combined worth of Rs 10.9 trillion, are in West Bengal. Rs 22 trillion is contributed by 61 enterprises in Karnataka, including 35 startups, with Infosys leading the way. Furthermore, Tamil Nadu is home to 42 significant businesses with a cumulative value of Rs 10 trillion, led by Cholamandalam Investment and Finance Company. Read More..

B2B Tech News | 2 months ago      

Nvidia Surpasses Amazon in Market Capitalization, Hits Record High

With a record high of $734.96 on Monday, Nvidia momentarily overtook Amazon.com Inc. in market capitalization. With a total market value of $1.82 tril

With a record high of $734.96 on Monday, Nvidia momentarily overtook Amazon.com Inc. in market capitalization. With a total market value of $1.82 trillion, it is just short of Alphabet, the company that owns Google, at $1.87 trillion. This placed Nvidia at number four on the list of the most valuable American firms. The last time Nvidias valuation exceeded that of Amazon was in 2002. Following Amazons impressive Christmas quarter sales, investors anxiously anticipate Nvidias quarterly earnings on February 21. The companys stock has increased 47% this year due to anticipation of strong demand for its generative AIsupporting technologies. Nvidias stock has surged due to its emphasis on AI, positioning it as the bestperforming of the "Magnificent Seven" firms. Read More..

B2B Tech News | 2 months ago      

Paytm Faces Allegations and Investor Withdrawal Following RBI Action

A Mumbai grocery shop switches to cash payments in response to the Reserve Bank of Indias order to cease operations of its banking division for regula

A Mumbai grocery shop switches to cash payments in response to the Reserve Bank of Indias order to cease operations of its banking division for regulatory noncompliance, raising doubts about the future of the widely used digital service Paytm. With 330 million customers, Paytm is accused of financial crimes, a claim it refutes. The RBIs decision causes investor withdrawal and affects small firms that rely on Paytm for transactions. While founder Vijay Shekhar Sharma is trying to contain the damage, continued legal issues raise questions about corporate governance in Indias IT industry. The situation raises concerns about the effectiveness of regulatory monitoring in wellknown companies and management boards. Read More..

B2B Tech News | 2 months ago      

Bitcoin Surges Past $50,000 on Impending Rate Cuts and ETF Approval

Thanks to the approval of U.S. ExchangeTraded Funds ETFs that follow its price and hopes of imminent interest rate reduction, Bitcoin surged beyond $5

Thanks to the approval of U.S. ExchangeTraded Funds ETFs that follow its price and hopes of imminent interest rate reduction, Bitcoin surged beyond $50,000 and reached its highest level in almost two years. The cryptocurrency reached $49,899 at lunchtime on Monday, up 16.3% year. The jump was driven by increased inflows into BTC spot ETFs after the SEC approved the first U.S. spot bitcoin ETFs on January 10. Estimates of the significant inflows that analysts anticipate into these ETFs range from $10 billion to $100 billion. Aside from waiting for judgements on Ether ETF applications that are still pending, investors are also looking forward to the April "halving" of bitcoin, which will signal essential turning points in the development of the cryptocurrency industry. Read More..

B2B Tech News | 2 months ago      

Investors Seek Next NVIDIA in Arm Holdings Amid AI Chip Demand Boom

Arm Holdings options trading has been frantic due to the boom in Artificial Intelligence AI equities, which has caused its shares to rise by 80% since

Arm Holdings options trading has been frantic due to the boom in Artificial Intelligence AI equities, which has caused its shares to rise by 80% since Wednesday. The demand for the companys AI chip design technology, along with its optimistic quarterly projection, has caused a spike in options volume that has surpassed the daily typical trading volume by ten times before the results announcement. According to analysts, investors are looking for the "next NVIDIA," this belief has been fueled by Nvidias impressive 220% increase in value over the last year. Record 600,000 contracts were traded in Arm on Monday alone. The most active contracts were call options, with share prices climbing above $185 by Friday. Read More..

B2B Tech News | 2 months ago      

U.S. Government Accountability Office Reveals Data Breach Affecting 6,000 Employees

A data breach that affected over 6,000 current and former workers was revealed by the U.S. Government Accountability Office GAO and was reported by CG

A data breach that affected over 6,000 current and former workers was revealed by the U.S. Government Accountability Office GAO and was reported by CGI Federal, a division of CGI Inc. The hack last month revealed names, social security numbers, addresses, and some financial information of workers between 2007 and 2017. Although the hack used a weakness in an outside platform, particulars have not been made public. Renowned for its cybersecurity services, CGI government has contracts with many government agencies, including IT protection. The FBI and the cybersecurity organisation in charge of safeguarding government networks have yet to respond to requests for comment. Read More..

B2B Tech News | 2 months ago      

Generative AI and Deepfakes Fuel Surge in Romance Scams, Tenable Report Finds

Cybersecurity professionals advise with great caution as Valentines Day draws near romantic scams are common in India, where an astounding 66% of peop

Cybersecurity professionals advise with great caution as Valentines Day draws near romantic scams are common in India, where an astounding 66% of people fall prey to online dating fraud. In 2023, 43% fell for AI speech frauds, which cost 83% of their money. Tenables analysis reveals how con artists combine conventional methods with cuttingedge technology, such as deepfakes and generative AI. The majority, 69%, find distinguishing between natural and synthetic voices difficult. Celebrity impersonations are becoming more common, especially with older audiences. Unknowingly, social media sites like Facebook help to spread these frauds. Tenables Chris Boyd advises being cautious, particularly in private interactions when security is at risk. Older widows and other vulnerable people are often targeted. To counteract these ruthless manipulations, the study emphasises closely examining requests for funding and doublechecking media sources. Read More..

B2B Tech News | 2 months ago      

Unico Housing Finance Chooses Oracle Cloud Infrastructure for Innovative Housing Loan Technology

Oracle Cloud Infrastructure OCI and Unico Housing Finance in India have teamed to simplify home financing options for underprivileged populations. OCI

Oracle Cloud Infrastructure OCI and Unico Housing Finance in India have teamed to simplify home financing options for underprivileged populations. OCIs sturdiness, security, and scalability complement Unicos goal of expediting house loan approvals and filling the gap in the affordable housing market. Unico will use OCI services such as Oracle Base Database, Autonomous Data Warehouse, and Analytics Cloud to improve productivity and data security. OCIs CEO Babu Vellingiri emphasised the companys tenacity in fulfilling requests for home loans. Oracles package, which includes Fusion Cloud Financials and FLEXCUBE, helps Unico achieve its growth goals. Oracle Indias Shailender Kumar stressed the importance of OCI in facilitating safe and economical operations, which supports Unicos goal of fulfilling the dreams of underprivileged people to become homes. Read More..

B2B Tech News | 2 months ago