International Financial News

Delta Flight 604 catches fire after landing at Seattle-Tacoma International Airport on Monday, May 6. (Credit: Port of Seattle/SEA Airport/LOCAL NEWS X/TMX)

Ken Griffin, founder and CEO of Citadel, said he remains skeptical that artificial intelligence could soon make human jobs obsolete as he sees flaws in machine learning models applied in certain scenarios.

The Fertilisers and Chemicals Travancore Ltd.(up 3.55%), Mangalore Chemicals & Fertilizers Ltd.(up 3.51%), Chambal Fertilisers & Chemicals Ltd.(up 3.23%), National Fertilizers Ltd.(up 2.98%), Rama Phosphates Ltd.(up 2.91%), Rashtriya Chemicals & Fertilizers Ltd.(up 1.98%), Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(up 1.93%), Zuari Agro Chemicals Ltd.(up 1.69%), Paradeep Phosphates Ltd.(up 1.63%) and Madras Fertilizers Ltd.(up 1.40%) stood among the top gainers.

Nashik (Maharashtra) [India], July 9: KBC Global Ltd ( Previously known as Karda Construction Limited ) BSE - 541161, a prominent player in the construction and real estate development sector has handed over possession for 100 plus residential cum commercial units in its various ongoing projects in Nashik, Maharashtra. The group has handed over possession for total of 109 units from April 2024. Company handed over 76 units of Hari Kunj Mayflower Project, 19 units of Hari Krishna Phase IV projectOut of the total units handed over during the period, the company has handed over possession of 76 units of the project Hari Kunj Mayflower (MAHARERA Reg no: P51600020249), a residential cum commercial project situated at Karmayogi Nagar, Nashik ,Maharashtra - 422 009.

IPL 2024 season.In an earlier interaction with The Times of India, Ruturaj had talked about the things he learned from MS Dhoni. He said, "Being neutral is something that I have learnt from Mahi bhai.

telecom companies, among the fiercest price warriors, have finally seen the light. They are raising tariffs, hoping Indians hooked on to prodigious amounts of data at dirt cheap rates won't be able to kick their browsing habit. It is a calculated gamble by Reliance Jio, Bharti Airtel and Vodafone Idea to raise revenue per subscriber to fund network expansion.

Domestic smartphone brand and contract manufacturer Lava International plans to decouple its production arm from the company to onboard business from other handset brands and help meet targets under the production-linked incentive (PLI) scheme for smartphones. But the company, which has never been able to meet its PLI smartphone targets since the scheme began in 2020-21, is hopeful of a turnaround in its manufacturing fortunes with the upcoming incentive package for component production, head of manufacturing, Sanjeev Agarwal, told ET. «Lava's performance in the ongoing PLI scheme is an internal concern, and we are working on plans to bridge the gap,» Agarwal said. The company veteran added that the challenge was to increase production by Rs 500 crore every year by either growing Lava's market share or supporting manufacturing for other brands.

test cricket to six or seven teams and using the 20-overs format as the vehicle to spread the game were some of the views aired at a symposium organised by the Marylebone Cricket Club (MCC) on Sunday. Test cricket's dwindling appeal outside India, England and Australia has coincided with the proliferation of lucrative T20 leagues across the world. Although test cricket at the top level still often produces drama, the brevity and action-packed nature of 20-overs cricket has quickly made it the preferred format for the game's new fans.

transformer market is on track for a significant surge, projected to reach $38.9 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.1%, driven by technological advancements and increasing electricity demand. The growth in renewable energy, particularly in solar and wind power, is significantly boosting demand for 100-500 MVA transformers. Moreover, the Indian government initiatives aimed at grid upgrades and the integration of cutting-edge technology are propelling the power transformer industry forward.

UPI to pay in Paris' Galeries Lafayette. India's Unified Payments Interface (UPI) has marked a significant expansion with its launch at the Galeries Lafayette flagship store on Haussmann Boulevard in Paris. Following a successful introduction at the iconic Eiffel Tower earlier this year, this move aligns with Prime Minister Narendra Modi's vision to internationalize UPI, an instant payment system developed by the National Payments Corporation of India (NPCI) in 2016. The Indian Embassy in France announced on Thursday, «On July 3, 2024, UPI became operational at the flagship store of the world-renowned Galeries Lafayette in Haussmann, Paris. This extends the acceptance of UPI in Paris following its successful debut at the iconic Eiffel Tower.»

Mint, Pawan Kumar Goenka, chairman of Centre-affiliated space activity body Indian National Space Promotion and Authorization Centre (In-Space), said that the body has, as per the norm with government agencies, submitted its demand from the industry with the finance ministry. While In-Space or Goenka did not comment on what demands have been put forth, industry stakeholders said that the upcoming Union Budget is likely to include “strategic incentives that boost domestic demand generation—including funds to incubate new ventures, and direct government agencies to be customers to the industry," a senior government official with direct knowledge of the matter said.

Eton Solutions, a cloud-based software services firm for family offices, has announced Infosys founder NR Narayana Murthy’s family office investment firm Catamaran Ventures as the launch customer to roll out its flagship platform AtlasFive to Indian investment firms. “Catamaran will use AtlasFive platform to streamline its investment portfolio management and enhance operational planning, reporting and compliance,” Eton Solutions said in a statement.

The Internal Revenue Service has begun an eight week awareness campaign to ensure that tax professionals are protecting themselves and their clients against identity theft.

hacker gained access to the internal messaging systems at OpenAI last year and stole details about the design of the company's artificial intelligence technologies, the New York Times reported on Thursday. The hacker lifted details from discussions in an online forum where employees talked about OpenAI's latest technologies, the report said, citing two people familiar with the incident.

Marriott International sees India as a significant market for branded residences and plans to launch a dozen projects in the next few years, including a property in Gurugram that will be the biggest Westin Residences project in the world, a top executive said. The Gurugram property, with an investment of more than Rs 5,600 crore, will be developed in phases with local developer Whiteland Corporation and will encompass an area of 6 million square feet, Trinh Quynh Phuong, vice president of mixed-use development for Asia Pacific at Marriott International, told ET. «In terms of hotel development, our second biggest market in Asia Pacific is India, and that's why we want to grow the branded residences market here as well. We believe this is the right time to enter India, as every project launched by a reputable developer is seeing a very good absorption rate,» Phuong said.

The US ETFs market saw significant inflows in the first half of 2024, with June alone seeing $81 billion in new investments, according to a new report by National Bank of Canada.

Two astronauts who should have been back on Earth weeks ago say they're confident that Boeing's space capsule can return them safely

South Korea's government has announced it will abandon its plan to suspend the licenses of striking junior doctors to resolve the country’s long medical impasse

PTI had earlier reported that Narang was in race to become the CDM of the Indian contingent.Six-time world champion Mary Kom had resigned from the position in April, saying she was left with no choice but to step down owing to compelling personal reasons.

rains in Mumbai wreaked havoc on transportation, impacting not only roads and railways but also air travel. Operations at Chhatrapati Shivaji Maharaj International Airport (CSMIA) were significantly disrupted, leading to the diversion of 27 flights and the cancellation of over 50 others. The primary cause of the disruption was heavy rainfall and low visibility, which forced the suspension of runway operations from 2:22 am to 3:40 am on Monday, August 7, 2024. Following the resumption of operations, CSMIA prioritized incoming flights, resulting in potential delays for departing passengers. «The airport is currently working to accommodate the diverted flights and any additional schedule changes caused by the weather event,» a CSMIA spokesperson said.

Indian Space and Research Organisation (ISRO) Chief S Somnath as saying that Prime Minister Narendra Modi can be the candidate for India's first manned space mission, Congress leader Jairam Ramesh took a dig at the PM on Thursday stating that before he goes into space, the «non-biological» PM should go to Manipur. Taking to 'X', Ramesh, on July 4, wrote, «Before He goes into space, the non-biological Pradhan Mantri should go to Manipur.» The media report has quoted ISRO Chief S Somnath as saying that PM Modi can be the candidate for India's first manned space mission, 'Gaganyan', which is slated to be launched in 2025.