Extreme Financial News

The rapid growth in short-dated options that have become popular with hedge funds and retail traders alike is now spreading beyond stocks into other asset classes.

InterGlobe Aviation Limited, the parent company of IndiGo, Monday said the airline has introduced an AI chatbot 6Eskai to elevate its customer service experience. The Gurgaon based low-cost airline said the internally developed AI chatbot has shown promising early results by making booking process simpler with the use of natural language conversations resulting in a 75% reduction in customer service agent workload.

By Lucia Mutikani

₹15 crore from MI for the all-cash trade deal. On being announced as GT skipper, 24-year-old opener Gill said in a statement, as quoted by NDTV, "I am delighted and proud to assume the captaincy of Gujarat Titans and thank the franchise for their trust in me to lead such a fine team. We have had two exceptional seasons and I keenly look forward to leading the team with our exciting brand of cricket." Following Pandya's exit, Gill was the obvious choice for the skipper post, considering he scored 890 runs, second to only Virat Kohli's record of 973.

rainfall increases under global warming, according to a study published Monday that signals a future of more frequent catastrophic floods unless humanity curbs greenhouse emissions. It comes as countries prepare to meet at the COP28 summit in Dubai beginning later this week, amid fears it could soon be impossible to limit long-term warming to the 1.5 degrees Celsius scientists say is necessary to curb the worst effects of human-caused climate change. Researchers from the Potsdam Institute of Climate Impact Research (PIK) looked at the intensity and frequency of daily precipitation extremes over land in 21 «next generation» climate models used by a UN body in its global assessments. They then compared the changes projected by the models with those observed historically, finding that nearly all climate models significantly underestimated the rates at which increases in precipitation extremes scaled with global temperature rise. «Our study confirms that the intensity and frequency of heavy rainfall extremes are increasing exponentially with every increment of global warming,» said Max Kotz, lead author of the paper published in the Journal of Climate. The changes track with the Clausius-Clapeyron relation in physics, which established that warmer air holds more water vapor.

The following is an excerpt from «This week, your wallet,» an audio program produced by CNBC's Personal Finance team. Listen to the latest episode here . [Editor's note: Audio clip begins at the 2:33 minute mark.]

Alia Bhatt has become the recent subject of a deepfake video, where her facial features have been incorporated into the original footage of another woman. The manipulated clip shows the woman making various gestures on camera.

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sticky funds, which include the corpus owned by sovereigns, pension managers, global central banks, and majority state-owned foreign entities, continue to put money into Indian equities despite the circumspect approach toward local risk assets by a section of investors based at global financial hubs. The share of such funds in the total overall FPI equity portfolio reached a record high of 25% in October 2023, data from NSDL showed. This would mean 10% of the free float market capital is held by sticky funds domiciled overseas.

smartphone maker Realme said it had shipped more than 200 million phones since it was established a little over five years ago, most of them outside China, with data showing it was the fifth fastest smartphone maker to achieve this milestone. Realme, owned by Chinese consumer hardware giant BBK Electronics which also owns the Oppo and Vivo brands, said it had reached the 200 million mark in the second quarter.

KYIV (Reuters) -President Volodymyr Zelenskiy on Sunday thanked Ukraine's military for fighting Russian attacks and its rescue services for tackling the consequences of extreme winter weather that he said had deprived about 400 settlements in 10 regions of power.

By Jamie McGeever

MUMBAI : Asset allocation in equities should reflect the changes in market conditions. Unfortunately, a lot of investors have misinterpreted this as selling when the market goes up and buying when the market goes down," says Nimesh Chandan, chief investment officer, Bajaj Finserv Mutual Fund. The asset management firm was in the news recently for launching a balanced advantage fund (BAF), a type of hybrid mutual fund that invests in a mix of equity and debt securities.

Bihar Chief Minister Nitish Kumar on Sunday defended his fresh pitch for special category status, stressing that in addition to own expenses, states were saddled with a sizeable share of cost of central schemes. Kumar said this at 'Bhim Sansad' here, a public meeting organised by the JD(U) on the occasion of Constitution Day, in the honour of Babasaheb Bhim Rao Ambedkar.

Hamas says one of its top commanders has been killed in the war with Israel. The militant group announced the death of Ahmed al-Ghandour on Sunday, without saying when or where he was killed.

UN climate talks, there have been mounting concerns regarding the implications that global warming is having on people's health. The World Health Organization (WHO) underscores the urgency, citing extreme heat, air pollution, and the surge in deadly infectious diseases as critical threats to human well-being. Central to the WHO's assertion is the necessity to cap global warming within the confines of the Paris Agreement, limiting the rise to 1.5 degrees Celsius.

Quran more important than the law of the land to leave the country. The leader of the Freedom Party (PVV) in the Netherlands, likely to be the next prime minister of the Netherlands, was heard saying so in an unverified video. “I have a message for all the Muslims in the Netherlands who do not respect our freedom, our democracy and our core values, who find the rules of the Quran more important than our secular laws," he purportedly said.

Yarlung Tsangpo, known as the Brahmaputra in India. There have been reports that China has plans to divert the Yarlung River by way of construction of South-North Diversion Project by constructing 1,000 km canal. Since people in both Arunachal and Assam are heavily dependent on the Brahmaputra river for their quotidian water needs, the diversion of lean season flows will affect their day to day existence and the flora, fauna and the river ecology of the region.

Milky Way. The particle was spotted by a cosmic ray observatory in Utah’s West Desert known as the Telescope Array and has been nicknamed as 'Amaterasu' particle after the sun goddess in Japanese mythology. According to the journal Science, the Telescope Array, which started operating in 2008, has observed more than 30 ultra-high-energy cosmic rays but none bigger than the Amaterasu particle.

cricket team ever to wear Indian colours. Nevertheless, the team that played so horribly at Ahmedabad last Sunday was definitely one of the best Indian XIs to play in a World Cup. I would have backed this Indian team to beat this Australian team in a World Cup final in any other stadium in India, or in JoBurg, or even in Perth.

ICC) event ever, there is a sense of confidence in cricket’s health. But, look a little deeper and you start to doubt your hypothesis. While the games involving India were watched by millions, what about the games that didn’t involve India? How many fans watched the brilliant Australia-South Africa semi-final? India — or more specifically, it’s fans and market— is cricket’s biggest strength.