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TORONTO — October’s inflation rate fell to 3.1 per cent on a year-to-year basis — down from 3.8 per cent in September — mainly driven by lower gasoline prices, Statistics Canada reported on Tuesday.

Sam Altman will return to lead OpenAI less than five days after he was pushed out of one of the world’s most valuable startups, setting off a shock back-and-forth drama that transfixed Silicon Valley and the global AI industry.

Policy doubts Market expectations and Fedspeak have not aligned well after the interest rate pause. Federal Reserve officials have warned against assuming that the pause signals the end of the monetary tightening cycle. Yet, in the days after the Fed decision, expectations of lower rates have only become stronger.

₹12.3 trillion as of September. Crisil noted that strategic co-lending and debt capital funding would be crucial for NBFCs to secure stable funding. Meanwhile, RBI governor Shaktikanta Das said at an event on Wednesday that NBFCs should try to broadbase their funding sources and reduce overdependence on banks.

Bank of India (RBI) to be 6.5% for the current year, which is exactly where it was in the last ‘normal’ year before the pandemic (i.e. 2018-19). This begs the question that if GDP growth is back at pre-pandemic levels, why is the central government fiscal deficit much higher (5.9% target for 2023-24 versus 3.4%)? The need to lower the deficit is well known.

OpenAI, the startup behind artificial intelligence (AI)-based chatbot sensation ChatGPT, has reached an agreement with its ousted chief executive officer Sam Altman to bring him back to the company. The reconciliation, which comes barely five days after Altman's exit, is set to end the tenure of Emmett Shear who was given the top role two days ago. Shear, a former chief executive of Twitch, was announced as the interim CEO by OpenAI's embattled board on November 20.

The latest US inflation report, showing that price increases slowed in October, suggests that the economy just might get the ‘immaculate disinflation’ that everyone is hoping for: Inflation will fall to its pre-pandemic levels and remain there, and the US will avoid a recession. Allow me to make the pessimist’s case that we’re not out of the woods yet. The sunnier view does have a lot going for it.

Richard Liu, MD-Institutional Equities Research, JM Financial Institutional Securities, says “the way a lot of businesses are going about doing their business planning is that the endeavour is actually to grow faster than the GDP of the country. There are many categories of consumption, which are able to do that. If you are able to do that sustainably and profitably, that is where you have the winners.” Overall, from the investor's point of view, where does the interest lie and what is the view on India right now? The mood is bullish.

Punjab Police on Wednesday claimed to have averted planned targeted killings in the state with the arrest of three members linked to an ISI-controlled Pakistan-based terror module. Director General of Police Gaurav Yadav said three .30 bore pistols and five .32 bore pistols were recovered along with nine magazines and 30 live cartridges from their possession.

Narendra Modi on Wednesday accused the Congress of punishing Sachin Pilot after meting out the same treatment to his father Rajesh Pilot, saying anyone who speaks the truth in the party is shunted out of politics. «Whoever said or spoke anything in front of the Congress family...is as good as finished,» he said addressing a public meeting in Kotri of Bhilwara district, «Rajesh Pilot ji had once challenged this Congress family for good, but this family is such that after punishing Rajesh ji, they are bent upon punishing his son also,» Modi said.

trading session, the following five stocks witnessed a build of fresh long positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh long position or not. When the stock prices move up and open interest on the counter also moves upwards, it is taken as a sign of a long buildup.

BJP leader B S Yediyurappa on Wednesday accused the Congress of deceiving the people of Karnataka by not implementing its five pre-poll guarantees after coming to power. The former Karnataka CM also urged the people of Telangana not to fall for Congress party's «lies and empty promises». Addressing reporters here, he said 'Karnataka model' is Congress' election model in other states.

Siddhesh Mehta, Research Analyst, SAMCO Securities, says “if the investors are investing in the Tata Technologies IPO with the motive of listing gains, then they should not enter the IPO if there is a big gap up. But if they are entering with a long-term perspective, then the IPO is worth investing for the investors. The investors should not miss this opportunity.” What is your view on Tata Technologies? It is a must subscribe, but post that, is it a must buy even if there is a gap up listing? The Tata Technologies IPO garnered significant attention following the filing of its DRHP and today it has made its debut on Dalal Street. The earnings valuation is relatively cheap. We can also say that the IPO has an attractive and not an aggressive valuation. So, with a long-term perspective, we can subscribe to the IPO even after a big gap up because the Tata Group has its name as its legacy.

Kyle Sandilands and Jackie Henderson have officially signed a 10-year extension to their contract with ASX-listed media company ARN Media, in a deal that gives them a percentage of extra revenue and millions of shares as a bonus.

Law firm clients want to see partners doing legal work on deals, not just “turning up for closing dinners”, says new Hamilton Locke partner hire Andrew Vincent.

British hedge fund Bell Rock Capital Management did not meet the disclosure standards required by Australian investment laws during its activist campaign against Whitehaven Coal, according to the Takeovers Panel.

Sales of previously occupied U.S. homes slumped in October to their slowest pace in more than 13 years, as surging mortgage rates and rising prices kept many prospective homebuyers on the sidelines

The U.S. government has dealt a massive blow to Binance, the world’s largest cryptocurrency exchange

Las Vegas hotel union workers have overwhelmingly voted to approve their contract agreement with casino giant Caesars Entertainment

Read here: Q2 Results: Godrej Consumer, ITC, Dabur, Tata Consumer among top analyst picks After strong revenue growth momentum in FY22 and FY23, Axis believes IT services may face challenges on demand and margin fronts on account of the economic slowdown and macroeconomic uncertainties. It has a skeptical near-term outlook for North America (40 percent of revenue). It further pointed out that deal wins remained resilient even during the difficult times, which gives us confidence that automation spending will rebound strongly in two to three quarters.

Jefferies has upgraded Coal India (CIL) to buy following an investors call by the company on Tuesday. The US-based brokerage's optimism stems from the company's focus on volume growth, transformation in its coal evacuation infrastructure and employee reduction cost among other things. The stock was trading at Rs 333.50 on the NSE on Wednesday around 10:40 am, down by Rs 0.70 or 0.21% from the Tuesday closing price. Jefferies said in a note that Coal India's volume growth trajectory has improved and will likely sustain amid India's strong economic growth outlook and rising power consumption.