window._wpemojiSettings = “baseUrl”:”https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72×72\/”,”ext”:”.png”,”svgUrl”:”https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/svg\/”,”svgExt”:”.svg”,”source”:”concatemoji”:”https:\/\/www.uniquenewsonline.com\/wp-includes\/js\/wp-emoji-release.min.js?ver=6.5.2″; var breeze_prefetch = “local_url”:”https:\/\/www.uniquenewsonline.com”,”ignore_remote_prefetch”:”1″,”ignore_list”:[“\/wp-admin\/”]; https://www.uniquenewsonline.com/wp-content/plugins/breeze/assets/js/js-front-end/breeze-prefetch-links.min.js https://www.uniquenewsonline.com/wp-includes/js/jquery/jquery.min.js https://www.uniquenewsonline.com/wp-includes/js/jquery/jquery-migrate.min.js https://www.uniquenewsonline.com/wp-content/plugins/wp-automatic/js/main-front.js Cropin Technology, a Google-backed agritech company, has unveiled an open-sourced micro-language model named ‘akṣara’ for climate-smart agriculture in the Global South. This model aims to empower underserved farmers by providing frugal and scalable AI solutions for the agriculture sector. The ‘akṣara’ AI model will initially cover nine crops in the Indian subcontinent, compressed into 4-bit for environmental sustainability. Krishna Kumar, Founder and CEO of Cropin, highlighted the significance of domain-specific AI models in attracting investments for transforming food systems and revolutionizing tech-driven farming practices. With over 5,000 question-response pairs specific to agriculture, the ‘akṣara’ model is fine-tuned to provide insights into modern farming practices, accurate information, and farm advisories. Cropin aims to bridge the gap caused by environmental challenges and limited technological advancements in the agriculture sector. The company plans to expand the ‘akṣara’ model to include more crops, geographic locations, and use cases to support agronomists, agri-scientists, field staff, and extension workers in multiple languages. This open-source initiative is expected to bring about a new era of tech-driven farming, empowering farmers with valuable insights and resources for improved productivity and profitability. Hewlett Packard Enterprise (HPE) has introduced ‘Made in India’ servers to meet the increasing demand of customers in the country. The company’s plan, announced last July, aims to produce $1 billion worth of servers in the first five years. With support from the government’s PLI programme, HPE is working with VVDN Technologies to manufacture servers in Manesar, Haryana. This move reflects HPE’s commitment to supply chain diversification and bolstering local expertise in line with the ‘Atmanirbhar Bharat’ initiative. SVP and MD at HPE India, Som Satsangi, expressed gratitude towards the government and stated, “Their vision in introducing the Production Linked Incentive (PLI) programme has been instrumental in encouraging OEMs like us to establish a manufacturing footprint in India.” The collaboration with VVDN Technologies has led to the establishment of a state-of-the-art manufacturing facility in Manesar, Haryana, which is now fully operational. Puneet Agarwal, CEO of VVDN Technologies, highlighted, “Together, we are establishing advanced manufacturing capabilities in India that reflect our commitment to local expertise and an Atmanirbhar Bharat.” HPE’s initiative to manufacture servers locally aligns with its goal of supply chain diversification and resiliency. The company is also exploring opportunities for deeper localization by leveraging VVDN’s backward integration capability and expanding its range of products manufactured in India. Gold prices surged on the Multi Commodity Exchange (MCX) amid escalating tensions between Iran and Israel, driving up demand for the safe-haven asset. Gold futures for June 5, 2024, reached Rs 72,813 per 10 grams on the MCX, up 0.74% from the previous day. In the international market, prices rose by 0.16% to $2,386.8 an ounce in New York. Retail gold prices in India surpassed Rs 73,000 for 10 grams of 24-carat gold, with Delhi prices at Rs 73,310 and Mumbai at around Rs 73,160. The recent conflict between Iran and Israel has prompted investors to move towards safe-haven assets. Colin Shah, MD of Kama Jewelry, stated, “The price trend of gold breaching new highs due to the conflict has led investors to withdraw from riskier avenues and reinvest in gold.” Navneet Damani of Motilal Oswal Financial noted that gold and the dollar index are currently moving in tandem, emphasizing the market’s focus on geopolitical tensions over interest rate changes. Jewellery exports from India may also slow down due to higher crude prices and tensions, affecting sentiment in international markets. This shift towards gold is driven by concerns surrounding the escalating conflict between Iran and Israel. Mumbai, April 16 (IANS) – The BSE Sensex is facing a significant dip of over 300 points on Tuesday amid ongoing geopolitical tensions, with the index currently at 73,040 points and down by 358 points. The market is apprehensive about the possibility of Sensex falling below the crucial 73K mark if the trend continues. IT and financial sectors are witnessing a downtrend, with major players like Infosys, Bajaj Finserv, Indusind Bank, Ultratech Cement, and L&T experiencing a decline of more than 1 per cent. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, highlighted that economic and geopolitical concerns are likely to exert pressure on the markets in the short run. According to Vijayakumar, the rise in US bond yields poses a threat as it diminishes the likelihood of rate cuts by the Federal Reserve this year. The surge in bond yields has a negative impact on high-risk assets such as equities, potentially leading to an increase in Foreign Institutional Investor (FII) selling in emerging markets like India. Elaborating on the geopolitical aspect, Vijayakumar pointed out, “The market is more concerned about the geopolitical issue. Israel military chief’s statement that ‘there will be a response to Iran’s attack on Israel’ has increased the probability of escalation of tensions in the Middle East. This is likely to keep the markets weak in the near-term.” In light of the current market scenario, investors are advised to closely monitor developments while considering accumulating high-quality large-cap stocks on corrections. Vijayakumar suggested that corrections in the market will make valuations of large-caps more reasonable, particularly in sectors like banking, IT, autos, capital goods, oil & gas, and cement. Additionally, with metal prices showing stability, metal stocks are expected to exhibit resilience in the market.
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