Sunday, September 27
India is a "super important" market for AMD and the largest telco Reliance Jio is among the customers using the graphic processing units (GPUs) in its data centres, a senior official has said. The company, which has around 8,000 employees here, considers India as a key hub from an engineering perspective, officials have said. Speaking to PTI on the sidelines of the Advancing AI event organised by the company recently, AMD General Manager for Data Center GPU business unit Andrew Dieckman spoke about the work with Jio. "So we've deployed a fairly significant POC (proof of concept) with them that we're working on. And we are working on some future deployment plans that are yet to be announced in the future," he said, adding that Jio is an "important partner" for the company in India. Earlier,
Mumbai: Gold, which has surged more than 40% over the past one year in dollar terms, might be close to its peak in the current upcycle, several economists and researchers said, pointing to immediate downside risks for the safe-haven asset that had benefited from unsettled geopolitics and central bank buying to hit pricing records since the Covid shutdowns.Citi, Motilal Oswal and a research unit of Fitch Ratings - BMI - are among those suggesting an end to the gold rally, as global macroeconomic conditions that had hitherto burnished its safe-haven allure change to bullion's relative disadvantage. Citi predicts gold's possible return to $2500 to $2700 an ounce by the second half of 2026, while Motilal says annual gains beyond 32% are rare. The Fitch unit says downside pressures are building
Mumbai: The monthly advance-decline ratio (ADR) for all BSE-listed stocks was above one in June for the fourth consecutive month. Analysts said it indicates improving investor confidence. This, amid a revival in the IPO market and broad-based buying, is expected to propel the markets to a new peak in near term. The last time the ADR was consecutively above one was between April 2023 and January 2024 for 10 consecutive months."The ADR remaining over one consistently is a sign that the bullish momentum is back as benchmark indices are trading above key moving averages while the mid-cap and small caps are in an upward trajectory as well," said Rajesh Palviya, head of technicals and derivatives, Axis Derivatives. "The VIX has meanwhile remained comfortable below 14."Palviya said the overseas i
An obscure provision in the budget reconciliation bill just passed by the Senate could expand access to private school education; help the wealthy offload stocks without paying capital gains taxes; and make DOGE — if it had feelings — cry at its inefficiency. The policy would allow donors who give to an eligible scholarship-granting organization to be reimbursed dollar-for-dollar in the form of a tax credit up to $1,700 (down from $5,000 in earlier drafts). Families making up to three times the average income would be eligible for these scholarships, which is to say, most families with school-age children. For the many kids who are stuck in subpar schools, any additional money could be a lifeline. As I’ve written before, school choice is associated with improved student outcomes, inc
