Country's largest IT firm, Tata Consultancy Services (TCS) is working to build its own ChatGPT-type tool, The Economic Times (ET) has reported. Chief operating officer of the company, N Ganapathy Subramaniam said that TCS will use it for enterprise code generation.

The development work has begun only recently and TCS is looking to collect large amounts of internal code, data, and resources. TCS already maintains a large repository of such data.

Shares of ABB India gained 4 per cent to hit a new high of Rs 3,606.35 in Thursday’s intra-day trade, after the company recorded highest-ever order growth in the January-March quarter (Q1CY23) in last 5 years and 5 quarters.

Thus far in calendar year 2023 (CY23), the stock outperformed market as it surged 34 per cent, as against 0.22 per cent rise in the S&P BSE Sensex.

ACC, FSN E-Commerce Ventures (Nykaa), HDFC Asset Management (HDFC AMC), Muthoot Finance and Indus Towers are likely to get removed from the Nifty 100 index—an index of 100 large listed firms. Meanwhile, Jindal Steel and Power, Punjab National Bank, TVS Motor, Tube Investments and Zydus Lifesciences are expected to get added to the index. Union Bank of India is also a likely candidate for addition.

Interestingly, 8 Nifty 100 constituents are in the deletion zone.

LIC Bima Ratna Plan is a life insurance policy offered by the Life Insurance Corporation of India (LIC) to provide individuals with savings and financial security. This non-participating and non-linked individual life insurance plan is available through the corporate agents, brokers, Insurance Marketing Firms (IMF), and Common Service Centers (CSC) of LIC.

The policy offers several features that are designed to meet the needs of policyholders.

Two militants were killed in an encounter with security forces in the Baramulla district of Jammu and Kashmir on Thursday, police said.

Acting on specific input about the presence of militants in the Wanigam Payeen Kreeri area of Baramulla district in north Kashmir, security forces launched a cordon and search operation there early Thursday morning, a police official said.

The World Bank's board of governors on Wednesday elected former Mastercard CEO Ajay Banga to a five-year term as president, ushering in an Indian-born finance and development expert to revamp the lender to tackle climate change and other global crises.

Banga, 63, was nominated for the post by US President Joe Biden in late February and was the sole contender to replace departing World Bank chief David Malpass, an economist and former US Treasury official who served in the Trump administration. He starts the new job on June 2.

Rail Vikas Nigam Ltd. (RVNL) became the 13th Central Public Sector Enterprise (CPSE) to get the Navratna status. It was in 2014, when Engineers India Ltd. Was conferred with Navratna status.

Earlier, RVNL was in the Miniratna category – I and a schedule ‘A’ CPSE under Ministry of Railways which recorded an annual turnover of Rs 19,381 crores and net profit of Rs 1087 crores for the year 2021-22.

Merchant commerce platform Pine Labs announced the acceptance of the digital Rupee on its PoS (point-of-sale) terminals in partnership with ICICI Bank. The technology integration between the two entities will now support Digital Rupee acceptance at Pine Labs’ point-of-sale terminals across key retail outlets in Mumbai and Bengaluru.

Pine Labs’ execution of the Digital Rupee payment process is completely digital via dynamic QR (quick response) built within its smart Android PoS terminals.

IT workers union National Information Technology Employees Senate (NITES) on Tuesday urged industry body NASSCOM to create helplines against increasing recruitment frauds and issue advisories to IT companies for creating awareness against fraudsters.

NITES in a letter to NASSCOM sai the increasing number of frauds and scams are targeting thousands of fresher’s and experienced employees in the IT sector.

Ola Electric, India’s largest electric vehicles company, has wrested 40 per cent of the EV scooter market by selling its highest-ever monthly sales in April, of over 30,000 units.

With this, the company secured the number one position on the sales for the eighth consecutive months.

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