Apple suffers second rating downgrade in tough start to 2024

Apple has been grappling with a demand slowdown since early last year and forecast holiday-quarter sales below Wall Street estimates.

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Govt may amend IT Act to add new rules for AI, GenAI models

The amendments to the IT rules are likely to mandate that GenAI platforms which use artificially intelligent algorithms or language models to train their machines are free from “bias” of any kind.

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India's space startups report success of in-orbit experiments onboard ISRO's POEM

ISRO's PSLV Orbital Experimental Module (POEM) enables in-orbit scientific experiments using the spent PS4 stage as an orbital platform.

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Catamaran president Deepak Padaki sees startup valuations falling further

In an interview with ET’s Beena Parmar, Deepak Padaki, who joined Catamaran Ventures last August, also talks about its investment exits, deal sizes and corporate governance at startups. Edited excerpts:

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Apple hits seven-week low after Barclays downgrade

Barclays is the second brokerage to have the equivalent of a "sell" rating on the stock, which now has its most number of bearish recommendations in at least two years, per LSEG data.

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More startups want to ‘flip’ back to India; SoftBank’s returns from listed firms

Startups are moving their overseas holding entities to India ahead of their forthcoming public listings, especially in the fintech sector which is governed by the country’s central bank regulations.

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Meesho’s early backers eye new secondaries at $3-3.5 billion valuation

Norwest Venture Partners, WestBridge Capital are among entities said to be in talks to pick up stake in ecommerce firm Meesho. The development underscores the growing trend of secondary share sales in late-stage firms.

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