India Financial News

Nouriel Roubini said that the advancements in artificial intelligence will fundamentally transform the world. While recent years have seen a significant focus on Generative AI, Roubini believes there is much more to come. He said that the next phase of AI will involve a convergence of software and hardware, with advancements in robotics and automation playing a crucial role in this evolution. Highlighting the matter of leveraging AI tech, the economist noted that the pace of tech revolution appears to be very very fast. He also said that misinformation, disinformation and deepfakes continue to remain a challenge.

Bihar Chief Minister Nitish Kumar as President of the Janata Dal (United) (JD(U)). The court found no substantial reason to interfere with the election results and deemed the petition to be without merit. This decision upholds Nitish Kumar's position as the party president. The bench of Justice Pushpender Kumar Kaurav in an order passed on August 29, noted that the reliefs sought by the petitioner, fall wholly outside the ambit of the inquiry contemplated under Section 29A of the RP Act. As elucidated in the preceding discussion, the principles established in the case of Sadiq Ali (supra) do not support the reliefs sought in this writ petition.

Indian IPO market has witnessed a notable upswing recently, driven by strong market sentiments and robust macro environment. In the upcoming week, two companies are gearing up to launch their IPOs, one in the mainboard and the other in the SME segment. In the mainboard segment, the public offer of Gala Precision Engineering will open for subscription next week, while Jeyyam Global Foods will unveil its IPO for investors in the SME space.

Reasons to buyReasons to avoidThe BST Back Support Gym Cycle with Seat Twister is designed to provide comfort and support during workouts. It features a back support seat and a twister for added flexibility.

Dr S Jaishankar said at the ET World Leaders Forum referring to the challenges that the world faces in today's time. Jaishankar explained that there are different forms of risks that pose a threat to the globe, including pandemics and climate change. In a conversation with ET's Pranab Dhal Samanta, Jaishankar said that risks are coming out of changes happening in the world. With respect to the emerging risks, the EAM said that every government today is constantly and cautiously assessing risks. These risks also expand to the global supply chain, he added.

Vivo T3 Pro vs OnePlus Nord CE 4: Which the best 5G phone to buy under ₹25,000?According to a report from 91Mobiles, the Vivo T3 Ultra is set for an imminent launch in India and could be unveiled sometime in the month of September. Notably, if the report turns out to be true, it will be the first Ultra device in Vivo's T series lineup.Vivo T3 Ultra is said to feature a 1.5K 3D curved AMOLED display with a peak brightness of 4,500 nits, similar to the display on the Vivo T3 Pro.In terms of optics, the smartphone could come with a Sony IMX 921 primary sensor with OIS.

₹790 to ₹900, SBI AMC from ₹1,650 to ₹2,300 and Nayara Energy from ₹415 to ₹700, Patwari said, highlighting data from Wealth Wisdom of India's website. “The PRIMEX 40 Private Market Index of India has gained almost 65% in a year, compared to a 26% increase in the S&P BSE Sensex and 30% in the Nifty 50 as of 29 August," he said. PRIMEX 40 is Wealth Wisdom's proprietary index, which includes companies in the private market that are leaders in their respective sectors.

Paralympics in Paris with four Indian athletes — Avani Lekhara, Mona Agarwal, Preethi Pal and Manish Narwal — bagging medals. Reigning Paralympic champion Avani Lekhara struck gold in the women's 10m air rifle final at the Paris Paralympics on Friday. Mona Agarwal secured the bronze medal in the same event. In the 100m T35 event, Preeti clinched third place, winning the bronze medal with a time of 14.21 seconds. Manish Narwal earned the silver medal in the men's 10m air pistol SH1 category, accumulating 234.9 points despite initially dropping to sixth place during the competition.

equity indices closed at all-time highs on Friday tracking continued gains in the rest of Asia, the market ending on a positive note in August after witnessing sharp swings for most of the month. The Nifty gained 0.3%, or 83.95 points, to close at 25,235.9. The Sensex rose 0.3%, or 231.16 points, to close at 82,365.77. Analysts expect the indices to gain up to another 2% on technical factors but warn against betting on one-sided moves in the near term amid continued concerns that parts of the market might be overheated. The outcome of the rate-setting meetings of US Fed and the Bank of Japan scheduled in September will determine the market direction next month.

Colombo Security Conclave (CSC) on Friday signed the Charter and the MoU for the Establishment of the CSC Secretariat in the Sri Lankan capital eyeing to create stability in the Southern and Western Indian Ocean region amid growing strategic interests of big powers and terrorism in the region. The Signing Ceremony was hosted in Colombo by the Government of Sri Lanka. Ajit Doval, National Security Adviser, Lt. Col (Retd), Ibrahim Latheef, National Security Advisor of Maldives; Haymandoyal Dillum, High Commissioner of Mauritius to Sri Lanka and Sagala Ratnayake, National Security Advisor to the President of Sri Lanka signed the documents on behalf of the respective Member States.

cyclone «Asna,» a deep depression over the Arabian Sea, causing heavy rains in Gujarat, is likely to move West-Northwest over the Northeast Arabian sea and away from the Indian Coast during the next 24 hours. Additionally, the IMD stated that the deep depression has been moving at a speed of 14 km per hour with a latitude of 23.6° N and a longitude of 66.4°E, 250 km West of Naliya in Gujarat, 160 km South-South West of Karachi in Pakistan, and 350 km East- Southeast of Pasni in Pakistan. Earlier on Friday, IMD scientist Ramashray Yadav said that Ahmedabad and Gandhinagar would receive light to moderate rains.

April Fool and the 1965 classic Waqt, featured the elegant-looking Standard Herald. Sadly, its launch coincided with labour troubles at the plant and a decline in demand. By this time the founder had handed over the running of the company to his granddaughter’s husband, C.V.

Adani Group can double its debt exposure to the domestic capital markets to 10% of the conglomerate's total loans so long as the instruments used to raise funds mature within five years, said the group's chief financial officer, Jugeshinder Singh. Indian capital markets currently account for about 5% of Adani Group's total outstanding borrowings, or ₹12,404 crore, as of March-end, 2024.

Mint. Earlier, the Central Consumer Protection Authority (CCPA), a regulatory body established under the Act, had helped facilitate refunds totalling ₹1,453 crore on air tickets booked via travel aggregators such as Yatra, MakeMyTrip, ClearTrip, EaseMyTrip, Ixigo and Thomas Cook, as Mint reported on 10 March.

Digital infrastructure firm Black Box is looking for partnerships or mergers and acquisitions to enter the Indian market, which is the most lucrative data centre opportunity for the next three to five years, said Sanjeev Verma, a wholetime director of the Essar Group subsidiary. The systems integrator serves top tech companies in more than 35 countries. It offers data centre services, along with connectivity and networking infrastructure. The company is aiming to achieve $2 billion in revenue in the next four years, Verma said.

Driven by rapid urbanisation, mushrooming of shopping malls and surge in spending, tier II-III towns have seen a significant increase in manpower demand, said Yeshab Giri, chief commercial officer, operational talent solutions, at Randstad India, a talent management company. Cities such as Jaipur, Indore, Ahmedabad, Coimbatore, Lucknow, Vadodara, Surat, Bhubaneswar, Bhopal, Chandigarh and Vizag are witnessing 25-30% more demand than the previous festive season, he said. «Currently, ecommerce and logistics firms in tier II-III cities are hiring approximately 65% of the overall talent,» said Lohit Bhatia, president, workforce management, at Quess Corp. Metros and other tier I cities traditionally see a greater spurt in festive demand, he said.

Infosys has asked about 1,500 students from the April 2022 batch having offer letters to appear for two rounds of pre-training. Of the total, India’s second-largest software services company has given September 2 as the joining date to only about 115 students, while the rest remain in a state of flux about their job prospects. Hiring worries at Infosys underscore a broader squeeze in recruitment in the technology sector due to factors such as economic uncertainties and increasing automation. Indian IT firms are under pressure from students, public outcry and worker unions over the onboarding delays. In July, Infosys had called all the selected students for a mandatory virtual pre-training programme for 24 days. Following this, another self-learning module-based pre-training was organised for some students in August which resulted in joining dates allotted to the 115 students. For the remaining students, there is limited clarity on the assessment and confusion of login credentials to some students for the second pre-training round. There have been no rejection letters yet, multiple people including the students told ET.

cyber security firms have shown interest in the government’s Rs 10,000 crore graphics processing units (GPUs) procurement tender, central to India’s Artificial Intelligence Mission. Nvidia, Intel, Advanced Micro Devices, Qualcomm, Microsoft Azure, Amazon Web Services, Google Cloud and Palo Alto Networks were among the scores of companies that attended a pre-bid meeting on Thursday. The ministry of electronics and information technology (MeitY) termed the participation “exceptional” and said it will extend the last date for bids by two weeks from the date of publication of clarifications to the tender. It got around 500 suggestions on the tender from those who attended the meeting, said MeitY additional secretary Abhishek Singh. Also present at the meeting were representatives from Yotta, L&T, E2E, Tata Communications and Vigyanlabs, among others.

The quarterly figure was in line with an ET poll median estimate of 6.85%, slipping from 7.8% in the last quarter of FY24 and 8.3% in the year before. The Reserve Bank of India (RBI) had forecast 7.1% growth for the quarter. However, gross value added, which strips out indirect tax and subsidies, is estimated to have grown 6.8% compared with 6.3% in the preceding quarter. «India was the fastest-growing major economy in the June quarter. Data shows better alignment between demand and supply sides of the economy in the quarter,» said chief economic adviser V Anantha Nageswaran.

Verlinvest, investment vehicle of the Belgian family behind the world’s largest brewer, AB-Inbev, is poised to invest Rs 200 crore (about $24 million) in Blue Tokai Coffee Roasters, at a Rs 1,200-crore ($143 million) valuation — double that from a year-and-a-half ago, said people in the know. Existing investor Hemendra Kothari’s family office and Anicut Capital are also expected to join the homegrown specialist coffee chain’s Rs 250-crore round, with the residual amount comprising a mix of primary and secondary sale of shares, the people said. The round will be the 11-year-old company’s largest raise, as a battle brews between some of India’s top business houses and upstarts.

India as road accidents. Despite a decline in road crashes globally, India's numbers are on the rise — it accounts for 6% globally, with a 10% increase over 2019. Which is why road transport minister Nitin Gadkari's concern over these numbers are more than understandable.