Stock Market Highlights, January 8, 2025: The benchmark equity indices showed great resistance on Wednesday as the BSE Sensex reovered around 650 points from its day's low to settle at 78,141.06, down

Stock market

The changes involve simplifying the language and rationalizing information by using formulas and tables, and won't include any adjustments to tax rates and policy, the people said

Nirmala Sitharaman, Sitharaman

Optimism on revenue growth based on projected improvement in technology spending in CY25

IT industry, IT companies, IT sector, Jobs, IT jobs

Chief of Air Staff Air Chief Marshal AP Singh carried out a comprehensive review of the overall combat readiness of the armed forces around the strategically-located Lakshadweep Islands during a two-day visit to the region that concluded on Sunday.
Air Chief Marshal Singh interacted with the air warriors at Minicoy Island and Kavarati Island, besides visiting various military establishments and interacted with the troops of the Indian Navy and the Coast Guard.
"During the interactions, the Chief of Air Staff underscored the need to stay ahead in the face of dynamic geo-political environment and also highlighted the IAF's pivotal role in addressing emerging contingencies," an official readout said.
It said he also stressed on the importance of maintaining a high state of readiness at all times.
"The Chief of Air Staff appreciated the professionalism of the forward deployed troops and exhorted them to be ever vigilant in safeguarding the security interests of the nation," the readout

Air Marshal AP Singh inspects the Guard of Honour, at Air Force Headquarters, in New Delhi on Wednesday. Air Marshal AP Singh took over as the new Vice Chief of Air Staff on February 1.

Tech giants are running out of data used to train AI systems. To overcome the problem, some companies are exploring new methods powered by 'synthetic data', write Cade Metz & Tripp Mickle

Artificial intelligence, AI

SBI report, released on Friday, claimed a decline in poverty ratio in rural areas

The latest HCES shows consumption inequality has declined in India. Does that mean income inequality has declined as well? slums poverty

Challenging the decision of the Biden Administration to investigate the activities of Indian billionaire Gautam Adani and his companies, an influential Republican lawmaker on Tuesday said such selective actions risk damaging critical alliance partners.
In a strongly worded letter to US Attorney General Merrick B Garland, Congressman Lance Gooden, member of the House Judiciary Committee, demanded answers on the Justice Department's selective prosecution of foreign entities and the potential harm such actions pose to US's global alliances and economic growth and that if there is any Geroge Soros connection to it.
The Department of Justice's selective actions risk damaging critical alliances with key partners like India, one of America's strongest allies in the Asia-Pacific region, Gooden said in his letter dated January 7.
Instead of pursuing cases with tenuous jurisdiction and limited relevance to US interests, the DOJ should focus on punishing bad actors at home, rather than chasing

Gautam Adani, Adani

Battery swapping will only increase the cost for a consumer to run the vehicle, say e2W players

electric two wheeler

In smaller Indian cities and towns, where opportunities for advancement are few and dwindling, the nounis emerging as something of a social and cultural phenomenon

Phone, social media, mobile phones

Samsung pre-reserve programme for the Galaxy S25 series. Amazon launches new Echo Spot. OnePlus 13 series launch. Panasonic OLED TV with built-in Fire TV. McAfee Deepfake Detector

Tech Wrap January 8

The Centre has informed the National Green Tribunal the 2023 flood forecast by the Central Water Commission was inaccurate due to the congestion in River Yamuna between Wazirabad and Okhla barrages.
The green body had taken a suo motu cognisance of a newspaper report and sought a response of the Union Ministry of Jal Shakti (MoJS), Central Water Commission (CWC) and others over the failure of the commission to predict Delhi witnessing its worst floods in 2023.
In 2023, Delhi witnessed one of its worst flood-like situations in several pockets due to heavy rains and over 25,000 people were evacuated from inundated areas.
The reply filed by the MoJS and CWC on January 4 said the high discharge downstream of Hathnikund Barrage created a flood situation in River Yamuna near Delhi.
"Due to this, the flow of the Delhi Railway Bridge (DRB) site increased continuously and crossed the previous high flow level (HFL) of 207.49 metre at 13:00 (1 pm) hrs on July 12, 2023, and achieved the highes

Yamuna, Delhi Yamuna, Water pollution

hBits, which facilitates fractional ownership of commercial real estate, has raised Rs 40 crore from investors to fund growth plan.
In a statement on Wednesday, hBits said it has raised Rs 40 crore in its Series A funding round from Capricon Realty Private Ltd, an entity of Thackersey Group.
The funds will be used to enhance hBits' AI-driven technology platform, expand its geographical presence, and bring curated, high-value investment opportunities to a wider audience, it added.
The Thackersey Group, with a rich legacy of over 150 years, has been a significant contributor to Mumbai's business and cultural fabric, spanning industries like textiles and real estate.
Raoul Thackersey of the Thackersey Group said, "We always believed in forward-thinking investments that shape industries and communities.
The SM REIT framework has the potential to democratise access to Grade-A commercial real estate for investors across the country, he added.
hBits platform enables individuals to own s

Funding among Indian startups declined by a marginal 7 per cent in the first nine months of 2024 to $7.6 billion from $8.2 billion during the same period last year.

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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Tech wrap Jan 8: Galaxy S25 pre-reserve, new Amazon Echo Spot, OnePlus 13

2023 Delhi floods forecast inaccurate due to Yamuna congestion: Govt to NGT

hBits raises Rs 40 crore in Series A funding to finance growth plans

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