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chatbots struggle with customer service as businesses invest billions in AI solutions
Businesses are projected to invest heavily in AI chatbots, with banks alone expected to spend $18.4 billion by 2028. While these chatbots excel at handling simple queries, they struggle with complex issues and nuanced conversations, often frustrating users who find it difficult to reach human agents.In the startup arena, Chinese firm Zhipu AI has launched AutoGLM Rumination, a free AI agent that outperforms competitors in speed and efficiency, amid a surge of AI product releases in China. Meanwhile, significant developments include SpaceX's establishment of a Starlink ground station in Vietnam and Qualcomm's acquisition of MovianAI to boost its generative AI capabilities.
ev two-wheeler registrations surpass one lakh in march with bajaj and tvs leading
In March, electric two-wheeler registrations in India surpassed the 100,000 mark, marking a significant milestone for the industry. Bajaj and TVS Motor continue to lead the market, showcasing their dominance in the growing EV segment. This surge reflects the increasing adoption of electric vehicles among consumers.
Indian auto stocks poised for growth amid potential government wage hikes
Indian automakers are set to benefit from anticipated government wage hikes, with Goldman Sachs projecting a 14%-19% increase for 5 million employees following the 8th Pay Commission. This boost, alongside tax savings post-FY26 budget, is expected to drive demand in the auto sector. Key beneficiaries include Eicher Motors, TVS Motor, Maruti Suzuki, and Uno Minda, with respective share price movements of 13.3%, 3%, and 9.7% in 2025, while the Nifty auto index has declined by 4.5%.
Dubai startup aims to commercialize smart contact lenses by 2026
Dubai-based startup Xpanceo is set to commercialize smart contact lenses, unveiling five prototypes at the Mobile World Congress Barcelona. With plans to deliver an upgraded prototype by 2026, the company aims to integrate features like hormone and glucose tracking, leveraging advancements in academic research and securing $40 million in funding. In contrast to Mojo Vision, which pivoted to micro-LED technology after raising over $150 million, Xpanceo has made significant progress with less capital.
India's electric two-wheeler sales surpass one million in 2024
India's electric two-wheeler sales surpassed 1 million units as of November 2024, marking a significant milestone driven by festive demand and discounts from major manufacturers. Despite a 15% month-on-month decline in November to 1.18 lakh units, overall sales increased by 37% year-on-year. October saw a remarkable 54% growth in registrations, with notable performances from companies like TVS and Bajaj.
quarterly earnings reports reveal mixed results across various sectors
The Q2 earnings season for FY25 is underway, with major companies like Apollo Hospitals, Kansai Nerolac Paints, and Trident set to release their results. While many firms have reported, the overall corporate earnings scorecard has been weak, with only 62% meeting or exceeding profit expectations, particularly in the consumption sector. Notably, GAIL's earnings missed expectations due to lower gas trading margins, while Power Grid's profit remained flat year-on-year.
Q2 earnings season underway with major companies reporting financial results
The Q2 earnings season is in full swing, with major companies like TCS, HCL Technologies, and Infosys having reported their results. Today, firms including Maruti Suzuki, Adani Enterprises, and Cipla are set to announce their earnings. Notably, Honeywell Automation and Godrej Agrovet reported profit declines of 5.6% and 7.8%, respectively.
Q2 2024 earnings season gains momentum with major companies reporting results
Major companies including Coal India, JSW Steel, DLF, and Interglobe Aviation are set to release their Q2 earnings reports today, joining a wave of firms that have already reported results. Notable performances include Reliance Industries with a profit decline of 4.8%, while HCL Technologies and TCS reported profit increases of 10.5% and 5.0%, respectively. ICRA's profit rose by 15.6% to Rs 36.72 crore, and Oracle Financial Services Software saw a significant profit increase of 38.4% to Rs 577.70 crore.
TVS Motor focuses on value over discounts in electric two-wheeler market
TVS Motor Company will not engage in price wars to gain market share in the electric two-wheeler segment, despite competition from rivals like Bajaj Auto and Ola Electric. CEO K N Radhakrishnan emphasized a focus on providing value rather than discounts, highlighting a significant increase in sales following the launch of the 2.2 kWh battery variant of the TVS iQube.
pharma sector faces growth slowdown while domestic market thrives
Pharma giants are experiencing a slowdown in earnings growth, primarily due to their reliance on the US generics market and a lack of major drug launches. Companies like Cipla, Dr Reddy's, and Aurobindo Pharma face challenges from rising competition and impending patent expirations, while midcap firms focused on the domestic market continue to thrive without the same pressures.
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