Beyond Financial News

Subscribe to enjoy similar stories. Future computer chips may be able to help ease the alarming energy demands of generative artificial intelligence, but chip makers say they need something from AI first: a slowdown in the sizzling pace of change. Graphics processing units so far have dominated the bulk of training and running large-scale AI models.

JK Lakshmi Cement (JKLC), one of India’s leading cement manufacturers, has renewed its partnership with cricketing icon Rohit Sharma as its brand ambassador for the fifth consecutive year. This continued collaboration highlights the alignment of shared values between JKLC and Rohit Sharma, with both symbolising excellence, strength, and reliability. Rohit Sharma, known for his leadership and consistent on-field performance, perfectly embodies the core attributes that define JKLC. His enduring association with the brand has resonated strongly with both consumers and stakeholders, further strengthening JKLC's presence in the market. Commenting on the renewal, Arun Shukla, President and Director of JK Lakshmi Cement, said, “Rohit Sharma’s exceptional talent and achievements have made him a beloved figure across India and beyond. His association with JK Lakshmi Cement has enhanced our connection with consumers. We are excited to continue this journey and aim for even greater success together. Rohit's ambitious spirit reflects our product’s promise of durability and reliability. Together, we strive to build not just structures, but lasting relationships with our customers."

Subscribe to enjoy similar stories. Earlier this month, the ₹9,300 crore Raymond Group announced plans to demerge into three separate entities: Raymond Ltd, Raymond Lifestyle, and Raymond Realty. As part of the demerger plan, the company intends to list all three companies over time.

«Only the large companies like NTPC, Tata Power with a strong balance sheet or NHPC, JSW Energy, they can only support this kind of incremental capex which are required beyond 2032, close to 4 lakh, 5 lakh crore kind of opportunity,» says Rupesh D Sankhe, Elara Capital. To begin with, there is debate out on the street whether this IPO of NTPC Renewables is the best thing to do or is it the right time to do or not? What is your take on the same? Rupesh D Sankhe: If you look at their capacity addition target by 2032, it is close to 60 gigawatt capacity. So, current operational capacity is just 3.2 gigawatt and they cannot support more than 2 gigawatt per annum. So, definitely the incremental cash flows will come at around 2,500. It will not add significant growth in their capacity addition for next two to three years.

Subscribe to enjoy similar stories. A major market correction is unlikely unless an unforeseen global event occurs beyond anyone’s control, according to Anuj Kapoor, MD & CEO of Private Wealth and Alternatives at JM Financial. “If investors wait for a correction beyond 5-10%, they might be left waiting for a long time," he said.

large language models (LLMs) and artificial intelligence is finding early adoption in the fast-growing wealthtech sector in India. As tech startups in this sector are looking to go beyond robo advisory and algorithm-based trading which have already become the norm, innovative founders are experimenting with advanced AI models like ChatGPT to find better ways of processing market information and servicing clients. “We have built an AI-powered recommendation engine, and it is reaching a level of efficiency where it is possible to provide services through voice-based commands from users. We are incorporating generative AI into various processes, including prospect identification, recommendations, and content dissemination for learning and development for our advisors,” said Manu Awasthy, chief executive officer of Centricity. Centricity will have a 20-member team dedicated to working on various generative AI tools, Awasthy added. Lightspeed India Partners backed Centricity primarily caters to the investment needs of high-net-worth individuals.

Corporate Outbound Expert Tanmay Pendse appealed to the government to frame «specific policies» that will help in tackling such situations. «We are training people for the last 15-16 years and through the management activities, we make sure that such sessions are included which helps in reducing the stress...After employees reach home they should spend good time with their family and stay away from mobile phones...I appeal to the government to come up with a specific policy so that these kind of situations can be tackled. Yoga sessions should be started in every organization...,» Pendse said.

Two asteroids are set to glide past Earth on September 24, 2024. Among them, one stands out due to its massive size of 120 feet. Asteroid 2024 RO11: This asteroid is approximately 120 feet in diameter, about the size of a small airplane. NASA estimates that the closest it will come to Earth during its flyby will be around 4,580,000 miles.

income tax refund for the income tax return (ITR) filed this year i.e., FY 2023-24 (AY 2024-25). But can an individual ask for an income tax refund from the Income Tax Department for excess tax paid in the past year? Such a situation may arise if a taxpayer received excess income from an organisation in a previous year and paid income tax accordingly. However, now the organisation wants the excess payment returned.

Dara Shukoh, the favorite son and favored successor of the Mughal Emperor Shahjahan who built the Taj Mahal.It was the last text he wrote, published in 1655 circa, which led to his humiliation, defeat and eventual death. He was tortured and beheaded for blasphemy by his brother Aurangzeb, because of his “Confluence of two seas”, where he attempted to bring together Hinduism and Islam.

Nearly 138,000 platform beds sold at major retailers including Amazon and Walmart are being recalled across the U.S. and Canada

Subscribe to enjoy similar stories. High net-worth individuals (HNIs), who have historically taken a conservative approach, are increasingly diversifying their portfolios beyond traditional asset classes and fixed-income instruments. Factors such as rising incomes, evolving financial markets, technological advancements and changing market dynamics are driving this trend.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Subscribe to enjoy similar stories. For gig workers, earnings could spike this festival season as online retailers and quick commerce platforms to delivery firms go beyond usual incentives to bolster workforce to meet the rush. On offer: daily bonuses, overnight payouts, additional reward for 100% attendance, and mobile phones to motorbikes for top performers.

police complaint on Wednesday and held massive protests against BJP leaders, including Union minister Ravneet Singh Bittu, over their statements against Lok Sabha Leader of Opposition Rahul Gandhi. The protesters shouted slogans, burned effigies, stood on barricades while protesting against the BJP as the police tried to control the crowd. The protest against Bittu extended beyond the national capital, with party members staging demonstrations across the country. Congress leader and Rajya Sabha MP Ajay Maken filed a police complaint against Bittu, Delhi BJP leader Tarvinder Singh Marvah, Shiv Sena's (Shinde) Sanjay Gaikwad, and Uttar Pradesh minister Raghuraj Singh.

Pune has sparked a debate on social media about toxic work culture. Anna Sebastian Perayil passed away on July 20, four months after joining EY as a chartered accountant. The debate began after a letter from Perayil's mother, Anita Augustine, went viral in which she addressed EY India chairman Rajiv Memani and blamed «the workload, new environment, and long hours» for her daughter's tragic demise. In a heart-wrenching letter to the global accounting giant, Anita blamed “four months of EY’s callous attitude” for her daughter's death. Anna Sebastian Perayil had joined the company in March.

Bombay High Court said on Wednesday that if the use of loudspeakers and sound systems beyond permissible noise levels was harmful during the Ganesh festival then it also has the same effect during the Eid-e-Milad-un-Nabi processions. A division bench of Chief Justice D K Upadhyaya and Justice Amit Borkar made the remark while hearing a bunch of public interest litigations (PILs) seeking a ban on the use of «DJs», «dance» and «laser lights» during the Eid-e-Milad-un-Nabi processions. The petitions urged HC to direct the civic bodies and police to refrain from granting permission for the use of such high-decibel sound systems. The PILs claimed that neither the Quran nor the Hadith (holy books) prescribes the use of DJ systems and laser lights for the celebration.

Government scientists and artificial intelligence experts from at least nine countries and the European Union will meet in San Francisco after the U.S. elections to coordinate on safely developing AI technology and averting its dangers

Subscribe to enjoy similar stories. Supply-side forces had driven India’s annual inflation to a high of 6.0% and 6.4% in 2020-21 and 2022-23 respectively, amid pandemic-led supply chain disruptions, high commodity prices, sticky service-sector pressures and elevated core inflation. Headline inflation has since drifted lower, notwithstanding sequential swings around the monsoon months and on weather-related triggers.

Fed rate cut is directly targeted at battling the inflation levels in the United States, and also halt the recession in its tracks, but there is still some more insight needed as to how much the move will affect the markets beyond the US. There are chances that the global markets will resonate the impact of the Fed rate cut, and countries like China, which exports heavily to the United States, could be among the ones most affected by the call.

The Stanley Cup champion Florida Panthers are extending their operating agreement with Broward County for five more years, ensuring that the team remains in the market through 2033 and likely well beyond