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The world’s richest one per cent contributed as much carbon as the five billion people who comprise two-thirds of the globe’s poorest in 2019, which could spell out dire consequences in less than a decade, according to a new report.

Bank of India (RBI) issued two important directives that will have far-reaching consequences for the personal loan segment. One, it asked the country’s largest consumer goods financier Bajaj Finance Ltd to stop lending through two of its loan products. Two, it increased the risk weights— the money set aside by banks and non-banking financial companies (NBFCs) for loans to cover credit risk—in the personal and retail loan categories to 125% from the earlier 100%.

After experiencing its sharpest weekly decline since July last week, the US dollar kicked off the new week by sustaining its downward trajectory.

₹10.64 trillion, more than double the original estimate, with costs averaging ₹31.6 crore per km, primarily due to an increase in input prices and land acquisition cost, rating agency Icra Ltd. said in a report on Monday. With the revised expense plan for Bharatmala Phase-I awaiting the approval of the Union cabinet, there has been marked slowdown in the awarding of new projects.

Oil and Natural Gas Corporation Ltd ) gained up to 1.1% in intraday trades on Monday, the day when benchmark indices traded in the red. The Brent crude prices also have been softening. Analysts nevertheless maintain a positive outlook for upstream oil producers and expect stable net realisations for ONGC.

Iran denied Israeli claims that it was involved in the seizure of a British-owned and Japanese-operated cargo ship in the southern Red Sea by Yemen's Houthis, Foreign Ministry Spokesperson Nasser Kanaani said on Monday at a press conference. On Sunday, Israel said the incident was an «Iranian act of terrorism» with consequences for international maritime security. The Houthis, an ally of Tehran, have been launching long-range missile and drone salvoes at Israel in solidarity with the Palestinian Hamas militants fighting in the Gaza Strip.

(Reuters) -Australia's second-largest telco Optus' Chief Executive Officer Kelly Bayer (OTC:BAYRY) Rosmarin has resigned, its parent Singapore Telecommunications said on Monday, days after a network-wide outage left nearly half the country without phone or internet for 12 hours.

₹7,300 crore collectively. But a more interesting bunch of at least nine new-age tech startups is polishing its offerings, preparing to tap the markets after next year’s general election. FirstCry, Oyo, Lenskart, Swiggy, PayU, MobiKwik, Infra.Market, OfBusiness and PhonePe are among the new-age tech startups looking to raise over $2 billion in 2024 (around ₹16,600 crore at the current exchange rate), bankers and company executives said.

NEW DELHI : The Centre is exploring options such as increasing the deposit acceptance limit for eligible non-banking finance companies (NBFCs), introducing deposit insurance and creating a specific liquidity window for NBFCs, according to two officials. The goal is to lower funding costs, enabling NBFCs to offer loans to crucial sectors such as agriculture and micro, small, and medium enterprises, at more affordable interest rates, they added. Besides agriculture, MSMEs are a cornerstone of the Indian economy, contributing 30% to gross domestic product, 45% to manufacturing output, and 48% to exports.

Israel said on Sunday that Yemen's Houthis had seized a British-owned and Japanese-operated cargo ship in the southern Red Sea, describing the incident as an "Iranian act of terrorism" with consequences for international maritime security. The Houthis, an ally of Tehran, have been launching long-range missile and drone salvoes at Israel in solidarity with the Palestinian Hamas militants it has been battling in the Gaza Strip since Oct 7. Last week, the Houthi leader said his forces would make further attacks on Israel and they could target Israeli ships in the Red Sea and the Bab al-Mandeb Strait. There was no immediate comment from the Houthis on Sunday. Israeli Prime Minister Benjamin Netanyahu's office said a ship — which it did not name — had been seized, and stressed that Israel was not involved in its ownership, operation or the make-up of its international crew. «There were no Israelis on the ship,» it said. «This is another Iranian act of terrorism that represents an escalation in Iran's belligerence against the citizens of the free world, with concomitant international ramifications vis-a-vis the security of global shipping routes.» The Israeli military said in an earlier statement the ship seizure took place in the Red Sea.

Thor 5. So far, there are four Thor films which are «Thor: The Dark World», 'Thor', «Thor: Ragnarok», and «Thor: Love and Thunder».

The head of project development at Hancock Prospecting has taken aim at “onerous and overreaching” conditions imposed on a delayed West Australian mine, and claims the state’s environmental agency wrongly double-counted emissions from a planned iron ore project.

deal with General Motors will raise pay across the industry, force automakers to absorb higher costs, and help reshape the auto business as it shifts away from gasoline-fueled vehicles. Workers at Stellantis, the maker of Jeep, Dodge, and Ram vehicles, voted 68.8% in favor of the deal. Their approval brought to a close a contentious labor dispute that included name-calling and a series of punishing strikes that imposed high costs on the companies and led to significant gains in pay and benefits for UAW workers.

decision to dismiss Sam Altman as CEO and remove him as a director, sources told Bloomberg. The investors and Altman were both blindsided by the removal, the report added. Some investors, including Thrive Global, are also reportedly engaging in discussions with OpenAI’s largest shareholder Microsoft Corporation, as per sources the report added.

animated musical, Trolls Band Together, is set to hit theaters on November 17, anticipating a successful Box Office run during the pre-holiday weekend. For those who prefer the comfort of home, wondering when it will be available for streaming on Peacock? The expected streaming release on Peacock is projected for January 2024. Universal films typically migrate to streaming services 45 days after their theatrical release, but this duration may extend up to 120 days for major successes.

Amidst the excitement, a viral video featuring spiritual leader Sadhguru has caught the attention of cricket enthusiasts. Shared on Sadhguru's social media platforms, the video captures a curious individual seeking a tip for the Indian Cricket Team to secure victory in the finals. In his characteristic style, Sadhguru delivered a simple yet profound message: “Don’t try to win the Cup, just hit the damn ball! If you think of this 1 billion people baying for the Cup, you will miss the ball, or if you think of all the other fanciful things that will happen if you win the World Cup, the ball will knock off your wickets.” Sadhguru emphasized the essence of focusing on the basics, stating, «So, how to win this World Cup? Don’t think about that.

ChatGPT-maker OpenAI as chief technology officer (CTO), has been appointed as the company's interim CEO with immediate effect as the company seeks a permanent replacement. Murati's appointment comes after OpenAI in a recent statement announced the departure of co-founder and CEO, Sam Altman. The company said an internal review highlighted Altman's lack of consistent transparency in communications with the board of directors.

Kristalina Georgieva said on Friday this week's meeting between U.S. President Joe Biden and Chinese President Xi Jinping is a badly needed signal that the world needs to cooperate more.

The 4% rule, which states that you can safely withdraw 4% of your retirement savings each year and adjust for inflation, has been the gold standard for retirees asking how to make their money last until they die. However, with the Fed holding interest rates artificially low for years, the rule has been put into question with some stating it should be 3% or even lower. Now, Morningstar is telling retirees that «The 4% rule may finally hold true as a safe starting withdrawal rate when considering a 30-year time horizon.» This is the firm's highest safe withdrawal percentage since it started the research in 2021. The firm's findings suggest that new retirees using the rule have a 90% probability of still having funds remaining after the 30-year period.

The United States National Institute of Standards and Technology (NIST), under the Department of Commerce, has taken a significant stride towards fostering a safe and trustworthy environment for Artificial Intelligence (AI) through the inception of the Artificial Intelligence Safety Institute Consortium (“Consortium”). The Consortium's formation was announced in a notice published on November 2, 2023, by NIST, marking a collaborative effort to set up a new measurement science for identifying scalable and proven techniques and metrics. These metrics are aimed at advancing the development and responsible utilization of AI, especially concerning advanced AI systems like the most capable foundation models.

Liverpool legend Jamie Carragher has voiced his skepticism over Everton's 10-point deduction, stating that the punishment «doesn't feel right» in light of the lenient sanctions imposed on the big six clubs involved in the failed European Super League (ESL) breakaway. Everton's relegation battle has intensified after an independent panel confirmed the 10-point deduction for breaching profitability and sustainability rules. The club, which now finds itself in the relegation zone, posted financial losses exceeding the Premier League's permitted threshold of £105 million over a three-year period.