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NSE, BSE to conduct special trading session on Saturday, May 18: Check timings and key details

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The domestic markets will remain open for a special trading session in the equity as well as equity derivative segments on Saturday, May 18. However, the bourses will not open during regular trading hours but will remain open for a short duration of two trading sessions.

A special trading session will be held to check the disaster preparedness of the exchanges in case of any major disruptions.

The National Stock Exchange of India (NSE) and BSE informed in separate circulars that the special live trading session is taking place to check the preparedness of market intermediaries in case a major disruption occurs or the primary site shows failure.

Trading will be conducted in two sessions, the first one lasting for 45 minutes, beginning at 9:15 am and concluding at 10 am, while the second one spanning over an hour, from 11:30 am to 12:30 pm.

Both stock exchanges said that an intraday switchover will be conducted from the primary site (PR) to the disaster recovery (DR) site during the special live trading session tomorrow in the equity and equity derivatives segments.

Further, the pre-open period for the first session will be from 9 am to 9:08 am, while the pre-open and closing time for the second session will be at 11:15 am and 11:23 am, respectively.

All traders must note that any open orders that are not executed by the end of the first session will not be moved to the next session and will be cancelled, according to the bourses.

During the special trading session on May 18, traders will be allowed to place on delivery trades, and no intraday trading will be allowed, while new positions will not be placed through the Margin Trading Facility (MTF).

Also, all securities, including the ones available in the derivative segment, will have limits set at an upper circuit band of 5%, with no ‘flexing of securities or futures contracts’ permitted in this trading session.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Jennifer Lopez and Ben Affleck reportedly heading for divorce

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Jennifer Lopez and Ben Affleck are facing relationship problems again, with reports suggesting the couple is heading for divorce. According to In Touch Weekly, Affleck has already moved out of the house he shared with J-Lo.

Ben Affleck has hit a breaking point with Jennifer Lopez and has moved out of the home they share, the magazine reported quoting a source. “The writing is on the wall — it’s over. They’re headed for a divorce – and for once, [Ben’s] not to blame!” the source told the magazine.

The high-profile couple rekindled romance and got married in 2022, roughly 18 years after their much-publicised breakup in 2004. They are now reportedly planning to sell their dream home soon. The reasons for their alleged split remain unclear as of now, but sources indicate that differences in personality and control issues may have led to the current situation.

The Gone Girl actor is focused on his work and his kids now; he has already moved out, and they’ll likely have to sell the dream house they spent two years searching for, the source said. They’ll never stop loving each other, but “she can’t control him, and he can’t change her,” the source claimed.

The rumours of their split came after Jennifer Lopez liked an ‘unhealthy’ relationship post on Instagram that read, “You cannot build a healthy relationship with someone who lacks integrity and emotional safety.” The post further mentioned, “doesn’t respect your time,” lacks “communication skills and doesn’t have a strong sense of self.”

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Additionally, the couple has not been seen together for almost 47 days, with Lopez currently in New York promoting her upcoming movie, Atlas, and Affleck busy shooting for his new project, The Accountant 2. Lopez recently attended the Met Gala 2024, but Affleck wasn’t present there either, further fuelling speculation about their status.

Back in January 2004, the couple parted ways months before they were to get married. In June of the same year, the singer-actress exchanged vows with Marc Anthony, and the pair welcomed twins Emme and Max Muñiz in 2008. Three years later, in 2011, they announced separation.

Affleck, on the other hand, married Jennifer Garner in June 2005. They welcomed three kids, Violet, Fin, and Samuel, before separating in 2015. The couple’s divorce was finalised in 2018.

After being on vacation and spotted together frequently in 2021, Lopez and Affleck got married in Las Vegas in July 2022.

Lopez previously talked about sharing their love story in the documentary “The Greatest Love Story Never Told” at an event in Los Angeles and described the challenges of bringing her husband into the project.

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Meet Prafulla Dhariwal, the Indian brain behind OpenAI’s GPT-4o

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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OpenAI CEO Sam Altman was all praises for Indian prodigy Prafulla Dhariwal and has credited him for the launch of the company’s latest flagship AI model — GPT-4o.

GPT-4o, wherein the ‘o’ stands for omni, was unveiled earlier this week at the AI startup’s Spring Update online event. Dhariwal is said to be the mastermind behind this project.

He leads the Omni team at OpenAI, while GPT-4o marks the company’s first foray into natively multimodal models.

“GPT-4o (o for “omni”) is the first model to come out of the omni team, OpenAI’s first natively fully multimodal model. This launch was a huge org-wide effort, but I’d like to give a shout-out to a few of my awesome team members who made this magical model even possible,” Dhariwal wrote on social media site X.

In reply, Altman said the project would not have been possible without Dhariwal.

“GPT-4o would not have happened without the vision, talent, conviction, and determination of @prafdhar over a long period of time. that (along with the work of many others) led to what I hope will turn out to be a revolution in how we use computers,” he said.

GPT-4o would not have happened without the vision, talent, conviction, and determination of @prafdhar over a long period of time. that (along with the work of many others) led to what i hope will turn out to be a revolution in how we use computers. https://t.co/f3TdQT03b0

— Sam Altman (@sama) May 15, 2024

Who is Prafulla Dhariwal?

Dhariwal, who has emerged as the leading force behind GPT-4o, has seen several remarkable accomplishments in his journey so far.

Back in 2009, the Indian government presented him with the National Talent Search Scholarship. In the same year, he also won a gold medal at the International Astronomy Olympiad in China.

Dhariwal has won gold medals at the International Mathematical Olympiad and the International Physics Olympiad in 2012 and 2013, respectively.

Besides his other accomplishments, Dhariwal has had a remarkable academic record as well. Dhariwal reportedly scored 295 out of 300 in the physics-chemistry-mathematics (PCM) group in his Class XII.

Further, he excelled in multiple entrance exams, securing 190 in the Maharashtra Technical Common Entrance Test (MT-CET) as well as 330 out of 360 in the Joint Entrance Exam (JEE-Mains).

In 2013, Dhariwal was honoured with the annual Abasaheb Naravane Memorial Prize instituted by the Maharashtra State Board of Secondary and Higher Secondary Education (MSBSHSE).

Later on, Dhariwal pursued a Bachelor’s in Computer Science (Mathematics) from the Massachusetts Institute of Technology (MIT) and graduated from there in 2017 with a perfect GPA of 5.0/5.0.

Earlier, Dhariwal had multiple short stints and worked as a software engineering intern at Pinterest, besides being the quantitative analyst intern at the DE Shaw Group. He also worked as an undergraduate researcher at the Centre for Brain, Mind and Machines along with the Computer Visions Group at MIT.

He joined OpenAI as a research intern in May 2016. Soon after, Dhariwal grew up the ranks as a research scientist at the company. He has been credited as one of the co-creators of GPT-3 along with DALL-E 2, a text-to-image platform, music generator Jukebox and reversible generative model Glow.

Also Read: Google is taking on OpenAI’s GPT-4o model with Project Astra: Watch to find out how

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Many pyramids in Egypt, Giza were built along crucial branch of River Nile: Reveals study

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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A long-standing question that has troubled researchers is why many of the great Pyramids in Egypt and monuments in Giza were built along an isolated strip of land on the Sahara Desert? The climate along the location was inhospitable. But a new study suggests that the River Nile once flowed near these pyramids, facilitating the landmark construction of these iconic structures.

The study, published in the journal Communications Earth and Environment on Thursday provided possible answers with the help of satellite imaging. It has found new evidence regarding a dried-up branch of the Nile that once weaved through the landscape in a more suitable climate.

The study suggests that dozens of Egyptian pyramids across the 64-km-long range rimmed the waterway, which includes the complex in Giza. This waterway allowed the workers to transport the material, including stones, to build these monuments, the study noted.

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Eman Ghoneim, who is the lead author of the study and is professor and director of the Space and Drone Remote Sensing Lab at the University of North Carolina Wilmington’s Department of Earth and Ocean Sciences said, “Even though many efforts to reconstruct the early Nile waterways have been conducted, they have largely been confined to soil sample collections from small sites, which has led to the mapping of only fragmented sections of the ancient Nile channel systems”.

He noted that this was the first study that provided the first map of the “long-lost ancient branch of the Nile River”.

The study suggests that drought, accompanied by seismic activity that tilted the landscape, was most likely the reason behind the river drying up over a period of time and ultimately being filled with silt, which removed most traces of it.

Also read: 2,000-year-old ancient artifacts unearthed in Sundarbans

Ghoneim and her team have referred to this extinct branch of the Nile River as ‘Ahramat’ — the Arabic term for pyramids.

The author claimed that the ancient waterway might have been around 0.5 kilometres wide, having a total depth of at least 25 meters, which is similar to the contemporary Nile.

Ghoneim said the large size and extended length of the Ahramat branch as well as its proximity to the 31 pyramids within the study area “strongly suggests a functional waterway of great importance”.

This river might have played a major role in Egyptians’ transportation of the enormous amount of building materials and labourers that were required for the construction of the pyramids, she added.

The study further demonstrates how several pyramids in the study area have a “causeway, a ceremonial raised walkway, that runs perpendicular to the course of the Ahramat Branch and terminates directly on its riverbank,” she noted.

Ghoneim and her team have based their conclusions on data from satellites which send radar waves to penetrate the Earth’s surface and further detect hidden features. Also, they relied on sediment cores and maps from the year 1911 to further uncover and trace the imprint of the ancient waterway.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Bengaluru records 172 dengue cases in 13 days, BBMP to use COVID-19 mist cannons to kill mosquitoes

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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After battling a severe water crisis situation, India’s tech hub Bengaluru is now witnessing a rise in dengue cases, forcing the civic body to put precautionary measures in place to contain the spread of the vector-borne disease.

Between May 1 and 13, Karnataka’s capital city recorded a total of 172 dengue cases, as per the data shared by the Bruhat Bengaluru Mahanagara Palike (BBMP).

While observing the National Dengue Day on Thursday, May 16, BBMP Special Commissioner (Health) Suralkar Vikas Kishor attributed the spurt in cases of dengue to the recent rains in the city, reports said.

Kishor said that the state health department has constituted four teams for each ward to spray insecticides and carry out fogging.

Mist cannon machines, procured around three years ago to spray disinfectants in crowded places in the city to stop the spread of COVID-19, will be put to use to control the outbreak of dengue in the city, reports said.

Lying idle for some time now, these mist cannons have been repurposed to function as fogging machines as the authorities look forward to containing the spread of dengue. The mist cannons have been deployed to eight BBMP zones.

“Insecticides will be mixed with water and diluted in order to ensure that there are no effects on humans, yet they will be able to kill the target,” officials informed.

Moreover, the BBMP will carry out awareness programmes in wards about mosquito-borne diseases along with other activities.

“As Bengaluru has started to receive rainfall, BBMP will work towards clearing stagnant water,” Kishor informed.

As part of the initiative, the ASHA workers, primary health centre staff as well as Namma Clinic doctors have been visiting various places to detect dengue cases in slums and other places.

Moreover, several social media platforms and leaflets are being used by the authorities to spread awareness against dengue, while announcements are being made on loudspeakers by people manning the BBMP garbage collection vehicles across all the wards in the city.

Here are a few steps to keep yourself safe from the spread of dengue:

1. Make sure you remove stagnant water from containers, flowerpots and other areas to prevent mosquito breeding.

2. Before moving out of your homes, apply mosquito repellents to exposed skin or consider wearing long-sleeved clothes.

3. You can also consider installing screens or closing the doors and windows to keep mosquitoes out of your home, especially after sunset.

4. While sleeping, use mosquito nets.

5. Stay aware of various dengue symptoms like high fever, severe headache and others.

6. Once you detect these symptoms, immediately seek medical advice.

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

World Hypertension Day 2024: Know the condition and symptoms; rising cases in India

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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World Hypertension Day is observed annually on May 17 to create awareness about the causes, prevention and treatment of this condition. Hypertension, also known as high blood pressure, is when the pressure in your blood vessels is higher than 120/80 mmHg.

Although the disease is common, it can be dangerous if not treated on time. The day also highlights the prescribed treatment to reduce hypertension and its complications.

Most people with the condition don’t feel any symptoms. However, some may get headaches, blurred vision, chest pain, and other symptoms. A regular check-up is the best way to know the blood pressure level.

According to the WHO, nearly 46 per cent of adults are unaware of hypertension. As a result, it is critical to raise awareness of the condition worldwide. If the disease is left untreated, it can lead to serious health problems like cardiovascular diseases (CVDs), such as heart attacks and strokes, and even premature death.

The first World Hypertension Day was observed on May 14, 2005, by the World Hypertension League (WHL). Since 2006, the day has been marked on May 17 of every year as World Hypertension Day.

Hypertension: prevalence in India

According to recent epidemiological studies, hypertension is increasing in India rapidly among urban and young populations.

The Fifth National Family Health Survey (NFHS-5) and Indian Council of Medical Research-INDIAB surveys have reported that there are substantial geographic variations in hypertension prevalence, with greater prevalence in more developed states and districts of the country.

According to the WHO, nearly 63 per cent of total deaths in India are due to non-communicable diseases, of which 27 per cent are attributed to cardiovascular disease, which affects 45 per cent of people in the 40–69 age group.

The most important risk factor for cardiovascular diseases is high blood pressure. Furthermore, it remains poorly controlled due to poor follow-up, inadequate primary care, and low awareness of hypertension.

The 2019–2020 National Family Health Survey (NFHS-5) reported that age-adjusted hypertension was higher in men (24.5 per cent) than women (20.0 per cent) — an increase from 19 per cent and 17 per cent, respectively, in the 2015–16 round.

However, the disease can be prevented and treated by regular monitoring of blood pressure and by following a healthy lifestyle.

According to the WHO, the government of India launched the Indian Hypertension Control Initiative (IHCI) to fast-track access to treatment services to meet the target of a 25 per cent reduction in the prevalence of hypertension.

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

IMD predicts ‘severe heatwave’ in parts of north India from May 18-20, monsoon advances in south

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The India Meteorological Department (IMD) has forecast severe heatwave conditions over major parts of northern India, including Delhi and Punjab.

In its forecast on Friday, 17 May, the weather department noted, “Heatwave conditions are very likely in isolated or some pockets over Rajasthan, Punjab, Haryana, and Uttar Pradesh during 17-21 May; north Madhya Pradesh during 18-21 May. Severe heatwave conditions are also very likely in some parts of west Rajasthan during 17-21 May; Punjab, Haryana-Delhi during 18-21 May.”

Furthermore, heatwave conditions are very likely in isolated pockets over the state of Gujarat from 17-18 May, Bihar from 17-19 May, Jharkhand from 18-21 May; Gangetic West Bengal on 18 and 19 May, and Odisha from 19–21 May, it stated.

Moreover, hot and humid weather is likely to prevail over Sub-Himalayan West Bengal on Friday.

In addition to the heatwave, an intense cyclone is expected in the Bay of Bengal by 23rd May. This cyclone is likely to impact Odisha, Maharashtra, and Gujarat between 23-27 May. According to Mumbai Nowcast, models are predicting heavy rains for Gujarat and Mumbai around 28 May.

Over the next few days, the maximum temperatures are expected to cross the 40-degree Celsius mark in parts of Delhi, Haryana, Punjab, and West Rajasthan from Friday to Monday, 20 May.

On Thursday, the maximum temperatures were recorded in the range of 43-46 degrees Celsius at most places in Rajasthan, south Haryana, Gujarat, and Uttar Pradesh, as well as some places in Bihar and Madhya Pradesh. The temperatures recorded were above normal by 2-4 degrees Celsius over these regions, the IMD said.

Heatwave conditions in a specific area are not determined by high temperatures but by abnormalities in temperature.

Monsoon update

According to the weather department’s latest bulletin, the Southwest Monsoon is likely to advance into the South Andaman Sea and some parts of the Southeast Bay of Bengal and Nicobar Islands around 19 May.

It has predicted widespread light to moderate rainfall accompanied by thunderstorm, lightning, and gusty winds ranging between 40-50 kmph over Tamil Nadu, Puducherry and Karaikal, Kerala and Mahe, Lakshadweep, and south Karnataka during the next seven days.

Further, isolated light to moderate rainfall accompanied by thunderstorm, lightning, and gusty winds ranging between 30-40 kmph is expected over coastal Andhra Pradesh and Yanam, Telangana, and Rayalaseema over the next week.

“Isolated very heavy rainfall is very likely over Tamil Nadu, Puducherry and Karaikal during 17-21 May; Kerala and Mahe and South Interior Karnataka during 18-21 May. Isolated extremely heavy rainfall is also very likely over Tamil Nadu and Kerala on 20 May,” it added.

In the northeast region of the country, isolated heavy rainfall is expected over Sikkim on 19 and 20 May, Arunachal Pradesh from 17-19 May, and Assam and Meghalaya from 17-20 May.

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Endurance Technologies surges 14% after net profit in March quarter increases over 50%

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Endurance Technologies surged over 14% on Friday, May 17, after the company’s profit surging more than 50% in the fourth quarter compared to the previous year.

The auto ancillaries company reported a 54% growth in its net profit for the March quarter compared to ₹136.4 crore in last year.

The company’s revenues surged by 20% to ₹2,648.7 crore in the fourth quarter from last year’s ₹2,234.3 crore.

Endurance Technologies’ earnings before interest, taxes, depreciation and amortization (EBITDA) or operating profit grew 37% to ₹389.3 crore in the March quarter from ₹285.3 crore in the year-ago period. Its margin improved to 14.5% from 12.8% in the year-ago period.

Reacting to the positive development, shares of Endurance Technologies rose as much as 14.4% in morning deals to an intra-day high of ₹2,317.5 on the BSE. However, the stock pared early gains to trade 10.73% higher at ₹2,245.45 apiece on the BSE at 10:15 am.

The company shared a positive outlook, with the order book expected to grow further. There are ₹1,840 crore worth of requests for quotes under discussion, and FY24 orders surged to ₹1,199 crore, a 28% year-on-year increase, the company informed the stock exchanges.

The company projects new order ramp-up to reach ₹920 crore in FY24, ₹1,580 crore in FY25, ₹2,380 crore in FY26 and ₹2,690 crore in FY27.

Endurance Technologies, based in Aurangabad, Maharashtra, specialises in supplying components for two-wheelers and three-wheelers in India and automotive parts in Europe.

In April, Endurance Technologies announced a ₹63.1 crore investment to expand its production of aluminum die casting and machining for automotive components. This decision highlights the company’s dedication to addressing the increasing market demand in the automotive sector.

In February, Executive Director and COO Ramesh Gehaney predicted that Maxwell Energy Systems, the company’s latest acquisition, will achieve positive EBITDA by the first quarter of FY25. About 38% of Endurance Technologies’ business comes from its major partnership with two-wheeler leader Bajaj Auto.

Also Read: Dixon Tech shares rally 10% after Morgan Stanley’s upgrade; Why is the brokerage positive on it?

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Jeff Bezos’ Blue Origin to resume space tourism programme with six-person crew on May 19

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Space technology firm Blue Origin, owned by billionaire Jeff Bezos, is resuming its space tourism programme with a six-person crew on May 19. The company announced that it will mark the launch of its seventh manned flight after  gap of two years.

In a post on social media platform X, the company said that the NS-25 mission will commence from Launch Site One at around 08.30 CT (1330 GMT).

NS-25 is targeting liftoff from Launch Site One on Sunday, May 19. The launch window opens at 8:30 AM CDT / 13:30 UTC. Learn more about the symbolism embedded in our New Shepard #NS25 mission patch: https://t.co/KbAJkbRTvj pic.twitter.com/glgDfGS96Q

— Blue Origin (@blueorigin) May 14, 2024

According to Reuters, the New Shepard rocket, which transports people and cargo to the edge of space on brief flights, was been grounded following an unmanned mission that failed in September 2022, within minutes of takeoff from Texas, requiring the rocket’s capsule containing NASA tests to carefully eject mid-flight.

In line with Blue Origin’s findings, the US Federal Aviation Administration wrapped up its assessment of the company’s New Shepard investigation last year.

Also read: Meet Gopi Thotakura, set to be the first Indian space tourist

According to Reuters, Blue Origin had to implement 21 remedial measures, including “organisational changes” and an overhaul of the engine. The May 19 launch will mark the revival of Blue Origin’s space tourism programme.

New Shepard will travel for 11 minutes past the Kármán line, which is the internationally recognised border of space located around 100 kilometres (62 miles) above mean sea level.

Once beyond the line, a pressurised crew capsule with six seats that are environmentally regulated detaches from the craft and uses a parachute to return to Earth.

According to Forbes, this would raise Blue Origin’s total number of persons successfully launched into space to 37.

On its website, Blue Origin described the New Shepard vehicle as their completely autonomous, reusable suborbital rocket system designed for human flight. Live coverage of the launch will start 40 minutes before launch time on the Blue Origin website.

According to reports, the NS-25 mission crew members participated in Blue Origin’s on-site astronaut training programme in Guadalupe Mountain range in Texas.

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The crew members who participated in flight simulations and learned about the spacecraft’s safety features, zero-g procedures and other topics during the two-day programme at Astronaut Village.

According to an official announcement, the May 19 crew list consists of Mason Angel, Kenneth L. Hess, Gopi Thotakura, Sylvain Chiron, Carol Schaller, and retired Air Force Captain Ed Dwight.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow