Country Financial News

By Edward McAllister

(Reuters) — Agence France-Presse (AFP) said on Wednesday it filed a lawsuit in Paris against Elon Musk's X social media platform, formerly known as Twitter, accusing it of failing to discuss potential payment for the distribution of the news agency's content.

New Delhi: Stainless steel consumption in India grew by nearly 10% during the past fiscal year, reaching 4 million tonne, as per data unveiled by the Indian Stainless Steel Development Association (ISSDA). Data released by the industry body indicates that India's per capita stainless steel consumption advanced from 2.5 kg to 2.8 kg, driven by heightened demand for the eco-friendly metal in sectors such as Railways, process industries, and ABC (architecture, building and construction).

Delhi Metro Rail Corporation (DMRC) Thursday extended the Unified Payments Interface (UPI) option for payments at ticket vending machines (TVMs) and ticket/customer care counters across its network to streamline the ticketing services and providing a digital and seamless mode of travel. The initiative is focused on contributing to the vision of Digital India, the DMRC said in a tweet.

import restrictions on laptops, tablets, and certain types of computers, citing security concerns and the desire to boost domestic manufacturing. This measure will not only limit the influx of these products from countries like China and Korea but also require importers to obtain government permission or licenses for inbound shipments. As per a government notification, the import of restricted items will be allowed only against a valid license.

ease of doing business and living in the country, a top government official said on Thursday. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said that Parliament passed a bill which seeks to promote ease of business by decriminalising minor offences through amendments in 183 provisions of 42 Acts. «We will do this in the future as well...We intend to follow with an inter-ministerial working group which will look at other provisions where further simplification, rationalisation or decriminalisation is possible and we are intending to do the same exercise at the state level by providing guidance to the states as well,» he told reporters here.

By Michelle Nichols

Investing.com — Crude oil prices rebounded Thursday after the previous session’s sharp losses, as worries over tight global supplies offset the hit to risk sentiment caused by the downgrade of the U.S. credit rating.

Investing.com — Shares in Oatly Group (NASDAQ:OTLY) rose in early U.S. trading on Thursday after the alternative milk brand said a range of its products will be available on Amazon (NASDAQ:AMZN) in several western European countries.

IPO) of Concord Biotech will open for public subscription on August 4 and close on August8. Ahead of the issue opening, the company's shares commanded a premium of Rs Rs 325 in the unlisted market. The company is one of the leading global manufacturers of select fermentation-based APIs (F-APIs) across immunosuppressants and oncology with market share of over 20% by volume in 2022.

Miss Venezuela title holder, died of injuries from a car accident in Florida in July, 2023. She was 26. Ariana Viera's mother Vivian Ochoa revealed to Telemundo31 that her daughter fell asleep while driving, as she was tired. Ironically, the beauty queen had earlier posted a video of her own funeral on her social media in May 2023. «Recording myself for my future funeral because it's always me who takes the videos no one takes them of me,» she had said in the caption of the Instagram video.

By Alex Lawler

bill in parliament that authorities say is needed to better regulate the activities of big tech firms in the world's most populous country. The bill is meant to limit cross-border transfers of data, penalise companies for data breaches, and provide a framework for setting up a data protection authority to ensure compliance.

Rajya Sabha on Thursday passed a bill that replaces the existing legislation which governs the registration of print and publishing industry in the country. The Press and Registration of Periodicals Bill, 2023 was passed by a voice vote. Replying to the discussion on the bill, Information and Broadcasting Minister Anurag Thakur said this will lead to ease of doing business for media and publishing companies, simplify the process of registration and decriminalise several colonial-era penal provisions.

manufacturing sector to achieve sustained growth of 7-7.5 per cent until 2030, Chief Economic Advisor V Anantha Nageswaran said. In an S&P Global report titled 'Look Forward: India's Moment', Nageswaran said that manufacturing should be a key growth area given the country's comparative advantage in terms of skilled labour, improved physical infrastructure, well-established industrial ecosystem and large domestic market.

Sunrun (NASDAQ:RUN) shares are up over 8% premarket Thursday after topping second-quarter consensus earnings expectations.

artificial intelligence (AI). Its sophisticated capabilities amplified concerns about AI becoming so advanced that soon we would not be able to control it. This even led some experts and industry leaders to warn that the technology could lead to human extinction. Other commentators, though, were not convinced. Noam Chomsky, a professor of linguistics, dismissed ChatGPT as «hi-tech plagiarism». For years, I was relaxed about the prospect of AI's impact on human existence and our environment. That's because I always thought of it as a guide or adviser to humans. But the prospect of AIs taking decisions — exerting executive control — is another matter. And it's one that is now being seriously entertained. One of the key reasons we shouldn't let AI have executive power is that it entirely lacks emotion, which is crucial for decision-making. Without emotion, empathy and a moral compass, you have created the perfect psychopath. The resulting system may be highly intelligent, but it will lack the human emotional core that enables it to measure the potentially devastating emotional consequences of an otherwise rational decision.

LiveMint, “The moment we have been waiting for the past few years has finally arrived! The much-anticipated privacy bill (referred to as Digital Personal Data Protection Bill, 2023), was tabled in the Parliament on Thursday, August 3rd, 2023. Once enacted, it will enable individuals (referred to as Data Principals) to govern their own personal (digital) data and will drive enterprises (referred to as Data Fiduciary) to process the personal data of individuals lawfully, for specific purposes only.

India will participate in Ukraine peace talks to be hosted by Saudi Arabia on Aug. 5 and 6, a foreign ministry spokesperson said during a news briefing on Thursday. Saudi Arabia has invited Western nations, Ukraine and some major developing countries to discuss the peace plan proposed by Ukrainian President Volodymyr Zelenskiy earlier this year.

New Delhi: Gasoline consumption increased 19.7% during the June quarter compared to the same period of last year to a provisional assessment of 9.377 million tonne, minister of state in the ministry of petroleum and natural gas Rameswar Teli said. In a written reply in the Lok Sabha, the minister said, to meet the growing energy demands, Indian refineries presently have a refining capacity of 253.9 million tonnes per annum (MTPA).

New Delhi: India reported 77 new covid cases in the past 24 hours, pushing up marginally the number of active cases to 1,533 from 1,474 the previous day, the health ministry said in an update on Thursday. Total reported cases, since the pandemic hit in early 2020, has surpassed 4.50 crore to date. while death toll stands at 531,918.