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Sell ​​after quarterly results in Tata Motors, should you invest in Rakesh Jhunjhunwala’s preferred stock?

Tata Motors Stocks: Legendary investor Rakesh JhunjhunwalaTata Motors shares in the portfolio are being sold on May 19…

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Sell ​​after quarterly results in Tata Motors, should you invest in Rakesh Jhunjhunwala's preferred stock?

Tata Motors Stocks: Legendary investor Rakesh Jhunjhunwala Tata Motors shares in the portfolio are being sold on May 19. Tata Motors shares have fallen 4.5 percent to Rs 312 today. Whereas it closed at Rs 332 on Tuesday, the day of the quarterly results. In fact, Tata Motors has incurred a loss of Rs 7,585 crore in the March quarter. At the same time, the management has said that due to the second wave of Corona, once again deteriorating situation can affect the business. This has disturbed the sentiment of investors. However, some brokerage houses are still positive about the stock outlook.

Rakesh Jhunjhunwala has more than 4 crore shares

Tata Motors is also among the stocks of choice of Rakesh Jhunjhunwala. Last year, he invested heavily in Tata Motors due to the company’s growth outlook. Currently, he has a 1.3 percent stake in this auto company. Rakesh Jhunjhunwala owns 42,750,000 shares of Tata Motor, with a current value of Rs 1,346.6 crore.

Losses decreased in March quarter

Tata Motors incurred a loss of Rs 7,605 crore in the March quarter. While the expert had expected the company to turn a profit in the March quarter. However, this deficit is less than the year-ago quarter. Tata Motor had a loss of Rs 9,894 crore in the same quarter a year earlier. The company’s revenue grew 41.7 percent to Rs 88,628 crore in the March quarter. Whereas in the same quarter last year, the company’s income was Rs 62,492 crore.

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In the entire financial year ended in March 2021, Tata Motors’ has suffered a net loss of Rs 13,395 crore. During its last financial year i.e. FY 2019-20, companies incurred a loss of Rs 11,975 crore. Indian business has been better than expected. But JLR’s business performance has been lower than expected. Management has made a cautious commentary on JLR and Indian business.

covid-19’s impact on business

Tata Motors Management has once again expressed concern over the deteriorating situation due to the second wave of Corona. This may affect the business of the company. So far in the first quarter of FY 2022, the second wave of corona virus has shown an impact on India volume. About 80 percent of the dealerships have been closed during this period. Sales have fallen by 50 per cent in April. In May 2021, worries have increased. This may affect the performance ahead of the company.

What to say about a brokerage house

Brokerage house Motilal Oswal has set a target of Rs 400, recommending buying in the stock. According to the brokerage, Kovid 19 is a concern but in the near term, the company will benefit from macro recovery, company specific volume / margin drivers. Brokerage house CLSA has also given a buy rating in Tata Motors shares and has set a target of Rs 450. While Goldman Sachs has suggested a sale in Tata Motors. The target for the stock has been reduced to Rs 254.

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At the same time, UBS has set a target of Rs 360, giving a neutral rating on Tata Motors. Whereas Nomura has advised Tata Motor to reduce yoyers and has set a target of Rs 313. Brokerage house CITI has given a buy rating and set the target for the stock at Rs 395.

Manvendra Chaudhary, with over 5 years of professional experience as CEO of Unique News and Megalent Marketing, shares insights on life, business, and health for your success.

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More Trouble For Microsoft, OpenAI: Eight US Newspaper Publishers File Lawsuit For Copyright Infringement

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More Trouble For Microsoft, OpenAI: Eight US Newspaper Publishers File Lawsuit For Copyright Infringement

Trouble for Microsoft and OpenAI over copyright infringement is not coming to an end, as they face several lawsuits for violating copyrights.

On Tuesday, eight US newspaper publishers sued Microsoft for illegally reusing articles in AI products.

The 98-page long lawsuit further accused the tech companies of attributing erroneous information to the publishers.

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The eight newspapers that have filed the lawsuits include the New York Daily News and the Chicago Tribune.

They allege that OpenAI’s ChatGPT used their copyrighted articles to perfect its language models without permission.

The lawsuit was filed in a New York federal court on Tuesday. The publishers claim that OpenAI’s large language models, GPT-2 and GPT-3, were perfected using datasets containing text from their newspapers.

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The language models are designed to produce text based on human inputs and reproduce copies of the publishers’ works. Microsoft has been indicted for using newspapers for its Bing search index but seldom provided links to the original articles. Four months ago, The New York Times also filed a lawsuit against OpenAI, accusing the tech giant of using data from its past content. It also asked for consent for usage, criticizing the use of full article excerpts in chatbot responses.

The latest lawsuit filed by the eight news outlets also demanded consent and fair value for using their content to perfect the AI language models. The lawsuit alleged that the AI tools literally regurgitate their content without directing users to the content source.

The lawsuit filings stated, “This lawsuit arises from defendants purloining millions of the publishers’ copyrighted articles without permission and without payment to fuel the commercialization of their generative artificial intelligence products, including ChatGPT and (Microsoft’s) Copilot.”

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The eight newspapers that instituted the lawsuits are as follows:

  • The New York Daily News and The Chicago Tribune, both owned by Alden Global Capital
  • The Orlando Sentinel
  • The Sun Sentinel
  • The San Jose Mercury News
  • The Denver Post
  • The Orange County Register
  • The St. Paul Pioneer Press

OpenAI’s Response

OpenAI did not directly respond to the accusations but stated that it takes great care to support the news and media outlets. It also stated it is in continuous partnerships and conversations with various news outlets around the world to explore new opportunities, discuss problems, and seek out solutions.

Microsoft also stated that OpenAI has entered into fruitful partnerships with a number of publishers, which includes The Financial Times, The Associated Press, Spanish conglomerate Prisa Media, and Germany’s Axel Springer.

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Alan Patricof Net Worth 2024: How Much is the American Investor Worth?

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Alan Patricof Net Worth 2024: How Much is the American Investor Worth?

Who is Alan Patricof?

Alan Patricof is a prominent figure in the American investment landscape, renowned for his contributions to venture capital. With a career spanning over four decades, Patricof has been instrumental in shaping the growth of numerous global companies, including America Online, Apple Computer, and Audible. His legacy extends beyond business, with involvement in community organizations and government initiatives.

Alan Patricof Career

Alan Patricof’s career in venture capital began in the industry’s early days. He founded Patricof & Co. Ventures Inc., a precursor to Apax Partners, one of the world’s leading private equity firms. Later, he established Greycroft Partners, focusing on early and expansion-stage investments in digital media. Throughout his career, Patricof’s vision and leadership have played a pivotal role in advancing the venture capital field.

Alan Patricof’s Net Worth

As of May 3, 2024, Alan Patricof’s estimated net worth stands at over $1 million. His wealth is derived from various investments, including holdings in Boston Properties Inc. and successful ventures in digital media. Despite humble beginnings, Patricof’s entrepreneurial spirit and strategic acumen have propelled him to financial success.

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Alan Patricof Age

Born in 1934, Alan Patricof is currently in his late eighties. Despite his advanced age, he remains active in the business world, leveraging his wealth of experience to mentor emerging entrepreneurs and drive innovation.

Alan Patricof Family: Wife and Children

Alan Patricof has been married to his wife Susan for over 48 years. Together, they have three children and seven grandchildren. Family holds great importance to Patricof, and he credits his upbringing and heritage for shaping his values and work ethic.

Alan Patricof Height and Weight

While specific details about Alan Patricof’s height and weight are not readily available, his stature in the investment community is undeniable. Patricof’s impact transcends physical measurements, as he continues to leave a lasting legacy in venture capital and philanthropy.

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Also Read: Mike Markkula Net Worth 2024: How Much is the Former CEO of Apple Worth?

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Net Worth

Stephen M. Ross Net Worth 2024: How Much is the Chairperson of The Related Companies Worth?

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Stephen M. Ross Net Worth 2024: How Much is the Chairperson of The Related Companies Worth?

Who is Stephen M. Ross?

Stephen M. Ross, the Chairperson of The Related Companies, is a distinguished figure in the real estate sector, renowned for his significant contributions and profound impact. Born on May 10th, 1940, in Detroit, Michigan, Ross embarked on his journey into real estate at a young age, demonstrating remarkable diligence and entrepreneurial spirit. Despite initially pursuing a career as a tax attorney, Ross soon discovered his genuine passion for real estate investment, laying the foundation for his illustrious career.

Stephen M. Ross Career

Ross’s career trajectory is marked by pioneering ventures and transformative projects. In 1972, he founded The Related Companies, which initially focused on subsidized low and moderate-income apartments. Over the years, Ross transitioned to higher-profile projects, including the iconic Hudson Yards development, valued at over $7 billion. His visionary approach and strategic partnerships have cemented his reputation as a prominent figure within the real estate industry.

Stephen M. Ross Net Worth

As of 2024, according to Celebrity Net Worth, Stephen M. Ross’s net worth stands at an impressive $10 billion, solidifying his status as one of the wealthiest individuals globally. Ross’s wealth accumulation is attributed to his unparalleled success as a real estate mogul, with an estimated annual income of nearly $700 million derived from royalties on his diverse property holdings. His continued involvement in the real estate sector, with ongoing projects in New Jersey and Florida, further contributes to his substantial net worth.

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Stephen M. Ross Age

Currently, Stephen M. Ross is 83 years old, born on May 10th, 1940. Despite his age, Ross remains actively engaged in his professional pursuits, demonstrating resilience and dedication to his craft.

Stephen M. Ross Family: Wife and Children

Ross’s personal life is characterized by familial bonds and enduring relationships. He is happily married to Kara Ross and is the proud father of four children. Ross’s commitment to family values underscores his holistic approach to life and business.

Stephen M. Ross Height and Weight

Physically, Stephen M. Ross stands at a height of 6 feet 2 inches (1.88m) and maintains a healthy body weight of around 72 kg. Despite his busy schedule, Ross prioritizes his health and well-being, engaging in activities such as volleyball and tennis.

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Also Read: Dave Ramsey Net Worth 2024: How Much is American Radio Personality Worth?

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