Bhumika Singh
Stability AI has provided an early glimpse of its latest generative AI model, Stable Diffusion 3.0, designed for creating text-to-image outputs. This new model represents a significant leap forward in the company’s ongoing efforts to refine image generation capabilities, marking an evolution from previous releases. Over the past year, Stability AI has continually improved its … Read more
BASF to Close More Plants Amid Rising Costs The chemical giant is struggling with increased energy prices and cost pressures. Now, it plans to shut down two production plants for a weed killer. This is not the first cutback in BASF’s network. The chemical company BASF is closing more production plants due to cost pressures. … Read more
A barrel (159 liters) of North Sea Brent crude for July delivery was priced at 83.22 US dollars. This was 12 cents more than the previous evening. The price for a barrel of the American West Texas Intermediate (WTI) variety, meanwhile, rose by about one dollar to 78.88 dollars. However, due to the holiday, this … Read more
The Nifty 50 index saw a positive start on Monday, May 27, with a slight increase of 0.21%, reaching 23,005 points after opening. This marks a turnaround from the previous session, where the index dropped by 1.64%, indicating the market’s recent struggle to establish a consistent trend. Over the past week, the Nifty 50 has … Read more
In the first quarter, the net earnings of Germany’s largest companies have decreased. The auto industry, with a significant multi-billion-dollar drop, is primarily responsible. However, one sector stands out positively. Stagnation in Germany and minimal growth in Europe are reflected in the financial statements of major publicly traded companies: According to Handelsblatt calculations, the 40 … Read more
Uneven Economic Indicators but Favorable Inflation Data Economic indicators have been showing mixed signals. However, favorable inflation data this week has significantly increased the likelihood of two interest rate cuts by the end of the year. Despite this, a new record high for gold prices remains within reach. John Williams, the President of the New … Read more
Oil prices saw a modest increase in early trading on Tuesday. A barrel (159 liters) of North Sea Brent crude for June delivery was priced at $87.36 in the morning, marking a rise of 36 cents from the previous day. Meanwhile, the price for a barrel of West Texas Intermediate (WTI) from the US climbed … Read more
The Indian economy is anticipated to experience a growth of 7.3 percent in the fiscal year 2023-24, slightly higher than the 7.2 percent recorded in the previous year. This growth is primarily attributed to the strong performance seen in mining, quarrying, manufacturing, and certain service sectors. According to the initial advance estimates released by the … Read more
Office space leasing in six major Indian cities experienced a 2% uptick, reaching 13.2 million square feet during the July-September period, as reported by Colliers India. This surge was primarily fueled by a substantial increase in demand in Hyderabad. Colliers India, a real estate consultant, released key data for the third quarter of the 2023 … Read more