Indian stock market is trading on a positive note with Sensex is up 107.89 points or 0.27 percent, at 40,553.04. The Nifty, on the other hand, has added 34.60 points and is trading at 11,956.10. Among the sectors, Nifty Auto along with the metal index gained over a percent each. The top gainers from the metal space included SAIL, Jindal Steel & Power, Tata Steel, JSW Steel and MOIL while from the auto space, the top gainers included Bharat Forge, MRF, Maruti Suzuki, Motherson Sumi Systems, Tata Motors and Ashok Leyland. The stocks which gained the most with respect to volumes on the NSE are Vikas Proppant & Granite which was trading with volumes of 1,442,307 shares, compared to its five day average of 475,105 shares, an increase of 203.58 percent. VA Tech Wabag spiked over 13 percent after surge in volumes. It was trading with volumes of 108,415 shares, compared to its five-day average of 11,634 shares, an increase of 831.85 percent. The other movers included NBI Industrial … [Read more...] about Stock Buzzers: VA Tech Wabag, BF Utilities share price surge 10-13% with spike in volume
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This is the first installment in The Design of Y2K , a series telling the stories behind the most influential products of the late 1990s and early 2000s. advertisement advertisement “I’ll be honest, and this is a funny story to tell. Initially in design, we didn’t want the chin.” Today, Paul Pierce is a distinguished designer at Motorola. But 15 years ago, he was on the original design team of the Razr—the impossibly thin phone that would go on to change everything—and he wasn’t so sure about how it was shaping up. Specifically, he wasn’t sure about that big chin. Before the Razr was released in 2004, phones had evolved into chunks of expensive plastic. Whether it was the Nokia 3310 candy bar, or some silver-sprayed clamshell phone from Sanyo or Samsung, the devices were positioned as functional technologies. And as technology evolved—with the introduction of bigger, color screens and cameras—they kept … [Read more...] about The secret history of the Motorola Razr, the first great phone of the millennium
I doodle a quick sketch on my iPhone. I hit a button, and it’s floating in front of me as a bright pink Post-it. I grab the note, then toss it 15 feet where it sticks to the wall next to a giant mood board of images and notes. My colleagues–one real, one a hologram beaming here from 2,000 miles away–nod in approval, as I’ve taken them both by surprise. advertisement advertisement “I didn’t even tell you how to do that!” says Jinha Lee, from underneath his Microsoft Hololens headset. I’d just spoiled one of the best bits of Lee’s demo all by myself. But that’s how good Spatial, the new augmented reality conference room app he’s developing, is. You stop thinking that you’re wearing bulky AR hardware, you stop considering the things you can or can’t do–and you just do what comes naturally. Spatial should be the worst kind of startup. It’s just coming out of two years of stealth development … [Read more...] about Video conferencing sucks. Could “augmented” meetings replace it?
From opening a bank account or buying an insurance policy to fighting cancer or even buying a pair of shoes, we are increasingly being helped or influenced by artificial intelligence (AI). In Mumbai, designers Falguni and Shane Peacock used AI to create their latest collection. In Bengaluru, a startup is using AI to improve detection of breast cancer and also make treatment cheaper. And in the Tata Motors plant in Pune, a robot is skilled enough to do 30 different tasks — that's artificial intelligence again.The world around is changing much faster than we can imagine, and this six-part series goes behind the scenes to understand how. Part I dealt with AI's impact on the auto sector, Part II on insurance segment, while Part III dealt with medical diagnostics. Today, we look at how artificial intelligence could be a threat to independent financial advisors.Robo-advisers are nothing but financial planning through artificial intelligence. … [Read more...] about AI disruption: Is robo-advisory a threat to financial planners?
A sharp slide in rupee has prompted mutual fund managers to bet on export-oriented sectors such as information technology and pharmaceuticals.The rupee has fallen over 15 percent against the dollar so far this year and is currently trading at 73.43 against the dollar. The currency is down 8.3 percent year on year, which means the depreciation is at a five-year high.Krishna Sanghavi, head-equities, Canara Robeco Mutual Fund believes companies in export-oriented sectors will benefit from the rupee's depreciation. “We are positive on IT and pharma because of improving business outlook and benefits of rupee depreciation," he says.Close Echoing Sanghavi’s view, LIC Mutual Fund’s Chief Investment Officer Sarvana Kumar says, “Pharma and IT companies are likely to report better earnings and an improvement in their profit margins.”Himadri BuchAssistant Editor|Moneycontrol.com AMFI monthly report: Outflows from credit risk funds rise, inflows … [Read more...] about MF Wrap: Rupee fall brings back IT, pharma sectors in favour for mutual funds