Nvidia pips Apple to be most-valued co
09 Nov
Business News

Nvidia pips Apple to be most-valued co

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Business new tamfitronics Nvidia Corp became the largest company in the world on Tuesday, surpassing Apple and underscoring just how dominant artificial intelligence has become on Wall Street.Shares rose 2.9% to over $139.9, resulting in a market capitalisation of $3.43 trillion, ahead of Apple at $3.38 trillion. Microsoft Corp, which Nvidia passed last month, has a market cap of nearly $3.1 trillion. Nvidia has soared more than 850% since the end of 2022. "Over the past several quarters, it has felt like people basically care about inflation numbers, job numbers, and Nvidia numbers," said Fall Ainina, director of research at James Investment Research. "Nvidia overtaking Apple in market cap not only conveys that it is the biggest beneficiary of the AI infrastructure cycle, but it suggests people expect the AI boom will continue." The...
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Three friends turn cold chain green
05 Nov
Business News

Three friends turn cold chain green

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Business new tamfitronics Shaivee Malik, Vivek Mahindrakar and Dharmik Bapodara first met at IIT Delhi. “I was doing my B Tech in production and industrial engineering, Vivek and Shaivee were doing B Tech in mechanical and biotechnology engineering respectively,” says Dharmik Bapodara. “I first met them when I joined the formula racing club of our college in my first year. We used to design, develop and test formula style single-seater electric race cars that would go 0-100 in just 3.5 secs!” “Back then we spent most of our time in the garage. We would even sleep there and directly go to classes in the morning,” says Bapodara. “The team used to run like a mini startup where students had to manage everything from funds and sponsors to recruitment, manufacturing and testing.”After graduation, the trio decided...
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CHENNAI GOES NORTH
05 Nov
Business News

CHENNAI GOES NORTH

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Business new tamfitronics Tidel Park, Pattabiram. Photo by C Suresh KumarIT, ITeS, GCC, fintech, deep-tech and startup companies are set to foray into one of the state’s oldest manufacturing hubs, north Chennai and Tiruvallur, so far known for petrochemicals, auto components, steel plants, heavy engineering and MSMEs. The state govt has announced a slew of initiatives such as TN Tech City at Madhavaram and Tamil Nadu Knowledge City at Uthukottai in Tiruvallur district. And, a 21-storey Tidel Park is nearing inauguration at Pattabiram near Avadi.State-owned Tidco, which is setting up TN Tech City, expects the facility to attract domestic and global investments of 33,610 crore over the next 20 years. Unlike the IT-focused tidel parks, the 150-acre tech city will support emerging technologies across sectors — IT, life sciences, aerospace and defence, space and...
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A retired squadron leader, a food truck, and hungry IIT-M students
05 Nov
Business News

A retired squadron leader, a food truck, and hungry IIT-M students

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Business new tamfitronics How did a retired IAF squadron leader end up running a food truck at IIT Madras? Hemanth Sudev, an electronics engineer from Thiruvananthapuram, joined Tata Elxsi and worked for a year in 2010. An MTech dream took him to a coaching institute in Hyderabad, where he came across various options to write entrance exams including those for armed forces.From his childhood he had heard stories of valour from a MIG 21 pilot who was his neighbour. He took the SSD exams and got selected as a short service commission (SSC) officer in 2011. He joined IAF’s helicopter stream at Leh, and later served in Ghaziabad, Delhi and Tambaram.“I always loved good food and my days in IAF took me to different places. I spent my free time searching for good food and...
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