Top Losers in Today's Trading Session - 9th September 2024

The article highlights the exciting advancements in science driven by machine learning. We are witnessing a transformation in how discoveries are made, from predicting diseases like Alzheimer’s to designing custom drugs tailored to individuals. As data grows exponentially, traditional methods struggle to keep up, but machine learning algorithms have emerged as powerful tools to analyze vast information. Breakthroughs, such as DeepMind’s AlphaFold2 predicting protein structures, showcase the impact of these technologies in diverse fields. While machines excel at pattern recognition, human creativity and intuition remain vital in framing scientific questions and interpreting findings.

Apple is in the spotlight as it prepares to announce its results amid concerns about delays in new AI features and the impact of U.S.-China tariffs. The company, which produces 90% of its products in China, has seen its shares drop over 16% this year, losing more than $600 billion in market value. To counter potential tariffs, Apple is shifting some iPhone production to India. While the demand for the iPhone 16e is strong in India, Apple is facing challenges, including a delay in upgrading Siri and a decline in iPhone shipments in China. Analysts predict a modest revenue growth of 4.2% for Apple in the upcoming quarter.

The race for practical quantum computers is heating up among tech giants and investors, with the U.S. currently leading but facing challenges from China. Companies like PsiQuantum, Atom Computing, and Rigetti Computing are emerging as key players in this exciting field. PsiQuantum aims to create a one-million qubit machine using light technology, while Atom Computing plans to launch a commercial quantum computer in partnership with Microsoft by 2025. Other startups, like IQM and Pasqal, are also innovating in quantum computing. The competition is fierce, and the future of technology may depend on who cracks quantum computing first.

Summer travel is exciting, but forgetting essentials can turn fun into stress. To enjoy smooth vacations, whether at the beach or on a road trip, tech gadgets are crucial. Noise-canceling headphones can help you relax during flights, while a portable power bank keeps your devices charged. For road trips, a car phone mount and dash cam ensure safety and convenience. At the beach, a solar power bank and UV sanitizer box help you stay connected and clean. With smart water bottles for hydration tracking and kid-friendly headphones for children, your summer adventures can be hassle-free and enjoyable.

Apple is shifting some of its iPhone production from China to India, which raises questions about U.S. trade policies under President Trump. While moving production to friendly nations like India seems beneficial, Trump's recent tariff announcements create uncertainty. Despite a surge in imports from Vietnam, the administration desires more manufacturing in the U.S. However, returning iPhone assembly to America could lead to higher prices and challenges in finding workers. As geopolitical tensions rise, Apple’s decision is influenced by more than just tariffs, highlighting the complexities of global supply chains.

In Varanasi, around 150 Blinkit gig workers went on strike to demand fair pay and better working conditions. They want an end to mandatory work hours, a minimum wage increase, and cotton uniforms for the summer. Instead of addressing their concerns, Blinkit management blocked their work IDs, claiming it was due to the strike. The workers also reported being pressured to sign agreements that limit their rights to protest in the future. They are determined to continue their fight for better treatment and are standing firm against the company's actions.

Akshaya Tritiya is a special day in India when people believe that investments will always grow in value. The name "Akshaya" means something that never diminishes, so many choose to buy gold, silver, or even start new businesses on this auspicious occasion. The day is linked to several legends, including one where Lord Kuber, the god of wealth, was appointed to protect heavenly riches. Another story involves Lord Krishna granting Draupadi the magical Akshaya Patra, which never runs out of food. Besides shopping, many visit temples, engage in spiritual activities, and donate to the needy, believing these actions bring good fortune.

Three major economies—the United States, European Union, and United Kingdom—are working to create a reliable supply chain in India as part of trade agreements. India is seen as a cost-effective option with skilled labor and resources, attracting multinational companies to establish manufacturing bases. Indian Commerce Minister Piyush Goyal is currently on a visit to strengthen trade ties, with talks focused on Free Trade Agreements (FTAs). Recent discussions highlight India's potential as a hub for active pharmaceutical ingredients and innovations in the semiconductor industry. Negotiations on these agreements are progressing well, with expectations to finalize them by the end of the year.

Infosys, one of India’s leading IT companies, has let go of 195 trainees at its Mysuru campus for not passing an internal assessment test. This decision has raised the total number of terminations to around 800 since February. Many of these trainees experienced long onboarding delays, having waited over 2.5 years for jobs. To support the affected individuals, Infosys offers upskilling programs in collaboration with UpGrad and NIIT, alongside other assistance like one month's salary, travel help, and counseling. Despite the layoffs, Infosys plans to hire 20,000 freshers this fiscal year, indicating a cautious optimism for future growth.

Mother Dairy has increased milk prices by up to ₹2 per litre, starting April 30, due to rising procurement costs. The company’s official stated that these costs have surged by ₹4-5 per litre recently, largely because of the early summer heat. Mother Dairy, which serves around 35 lakh litres of milk daily in the Delhi-NCR region, is focused on balancing the needs of both farmers and consumers. Just a month ago, they introduced 'Promilk', a high-protein milk product to combat protein deficiency in India. With 40 grams of protein per litre and fortified with vitamins, Promilk aims to meet the nutritional needs of many Indians.

Mr. Trump's confidence in winning against China may be misplaced. Chinese companies have learned to endure harsh competition and political challenges since joining the World Trade Organization. While American businesses face new disruptions, China shows resilience. Despite tariffs and threats from the U.S., Chinese firms continue to thrive, as seen in the booming antibiotic production. As both nations navigate this trade tension, the impact on consumers varies. While some imports are exempt from tariffs, disruptions could lead to empty shelves in America. Ultimately, America's aggressive tactics may backfire, leading to self-inflicted pain rather than victory.

Vaibhav Suryavanshi, a 14-year-old cricket prodigy, made headlines by becoming the youngest player to score a century in the Indian Premier League (IPL). His remarkable feat was celebrated by Rajasthan Royals coach Rahul Dravid, who stood up from his wheelchair to applaud the young talent. Suryavanshi's explosive batting helped his team chase down a daunting target of 210 runs in just 16 overs, showcasing his immense skill. The victory not only brightened the Royals' playoff hopes but also created a memorable moment for cricket fans at the Sawai Maan Singh Stadium in Jaipur.

The Reserve Bank of India (RBI) has announced a significant change for banks and financial companies. Starting May 1, 2025, all such entities must use the PRAVAAH portal to submit applications for licenses and approvals. This user-friendly online platform, launched in May 2024, aims to streamline the application process and enhance transparency. Despite its success, with around 4,000 applications already submitted, some institutions were still relying on outdated methods. By making PRAVAAH mandatory, the RBI hopes to speed up processing times and improve the overall efficiency of regulatory approvals.

A recent terror attack in Pahalgam, Jammu & Kashmir, claimed the lives of 26 people, mostly tourists, escalating tensions between India and Pakistan. Following this tragedy, Pakistani troops have violated the ceasefire along the Line of Control for five consecutive nights. The Indian Army reported unprovoked firing from the Pakistani side in areas opposite Kupwara, Baramulla, and Akhnoor, prompting a swift and measured response from Indian forces. The situation remains tense, with New Delhi urging all Pakistani nationals who entered India through the Attari border to leave by May 1.

Akshay Kumar's film Kesari 2 is experiencing ups and downs at the box office. After a strong second weekend, the movie faced challenges on Monday, despite offering a Buy One Get One free ticket promotion. However, film analyst Taran Adarsh believes that discounted tickets on Tuesday and a holiday on Thursday will boost earnings. Based on the life of Indian barrister C Sankaran Nair, who fought for justice after the Jallianwala Bagh massacre, Kesari 2 has received positive word-of-mouth. In its 11 days, the film has collected ₹68.4 crore in India and ₹105 crore worldwide.

The 2025 Canada Election has resulted in Mark Carney, the Liberal leader, likely returning as prime minister, but it's still uncertain if he will have a majority government. Millions of Canadians cast their votes on Monday, and the polls closed at 7:45 am IST. Early trends show the Liberals leading with 146 seats, while Conservatives have 106. The winning party will face significant challenges, including managing the cost of living crisis and handling US President Trump's tariff threats. With record voter turnout, this election marks a critical moment for Canada’s future.

Gold prices have taken a dip as easing trade tensions between the U.S. and its partners have reduced its appeal as a safe investment. Investors are keenly awaiting U.S. economic data to understand future policies from the Federal Reserve. Treasury Secretary Scott Bessent mentioned that India is likely to be among the first to finalize trade deals with the U.S., which could further improve market conditions. Despite positive signs, economists warn of a potential recession, raising concerns over the impact of tariffs on business sentiment. Long-term trends suggest that gold prices may continue to rise due to economic uncertainties.

Union Minister Piyush Goyal has embarked on a pivotal two-day visit to London, focusing on enhancing trade and investment ties between India and the UK. His discussions with industry leaders, including Martin Gilbert of Revolut, highlighted the vast potential of India’s fintech sector and the need for global partnerships to foster innovation. Goyal's meetings extended to the Gems and Jewellery industry, emphasizing sustainable practices and growth opportunities. He also engaged with an Indian business delegation to explore collaboration avenues, while efforts to relaunch Free Trade Agreement negotiations between the two nations are underway, aiming for mutual prosperity.