Here's a rundown of 11 significant news stories to keep you in the know:
NSE
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Nifty 50 hits record high - Reliance, ITC, ICICI Bank among top contributors
The Nifty 50 index hit an all-time high of 18,908 in today's trading session. The index crossed its previous record high of 18,887.6, which it had made on December 1 last year. Since then, it has taken 142 trading sessions for the index to hit a new record high.
With this, the Nifty 50 index has now gained over 2,000 points in three months. The index has been in an uptrend ever since it reversed from its recent swing low of 16,828 on March 20 this year.
Indian markets have had a bull run like no other in the last 23 years
Want to learn artificial intelligence? These IITs are offering courses
Artificial intelligence (AI) is always in the news now with everyone betting big on it. AI jobs are also high in demand. In last few months, job platform Fiverr saw a 1,400 percent increase in demand for services connected to AI.
A recent report by TeamLease also pointed out that there were 45,000 AI job openings in India alone as of February 2023, with data scientists and machine learning (ML) engineers among the most sought-after careers.
Alphabet-owned Google is going for a fresh round of job cuts at mapping app Waze as it merges the app's advertising system with Google Ads technology, the search engine announced on June 27.
"In order to create a better, more seamless long-term experience for Waze advertisers, we've begun transitioning Waze's existing advertising system to Google Ads technology. As part of this update, we've reduced those roles focused on Waze Ads monetization," Google, which acquired Waze for about $1.3 billion in 2013, said.
As many as 58 stakeholders from across the country have written to the Secretary of the Ministry of Corporate Affairs, Dr Manoj Govil, over their exclusion from the consultations on the Digital Competition Bill.
The stakeholders have urged the MCA to hold an "open consultative public engagement process" while drafting the Digital Competition Bill, which is understood to be in the final stages. The think tanks and consumer advocacy organisations that have written to the government include the Cyber Cafe Association of India (CCAOI), Internet Society of India, India Internet Foundation (IFF), and Consumer Unity and Trust Society (CUTS International) among others.
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