NOT Financial News

₹16,000 crore to markets watchdog Sebi to refund investors. Now with the death of its founder Subrata Roy, the Centre seems to be weighing the option of transferring the corpus to the Consolidated Fund of India. A report in The Economic Times on Monday said that the government was looking at the legality of transferring the funds to the consolidated fund with few investors coming forward to claim money even after a decade.

Flair Writing IPO: The initial public offering (IPO) of Flair Writing Industries Limited has opened today and the book build issue will remain open for bidding till 24th November 2023. The stationary brand has fixed Flair Writing IPO price at ₹288 to ₹304 per equity share. The public issue worth ₹593 crore is proposed for listing on BSE and NSE.

Sitharaman on Tuesday said food certification should be done only by governmental agencies, and not by non-governmental organisations. In a press conference, replying to a query on the Uttar Pradesh government banning the production, storage, distribution and sale of food products with halal certification, she said it is not right for any organisation other than the government ones to give certification.

OpenAI, Microsoft Corp. said it would hire Sam Altman to lead a new artificial intelligence research team. It was a stunning turn for Microsoft, which had bet big on OpenAI and its former chief executive officer, Altman.

Fashion behemoth Nike has pre-launched new RTFKT Dunk Genesis sneakers that do not require an expensive NFT to buy.

Delhi's air quality deteriorated over night and the main factor responsible for the worsening condition of Delhi's air pollution is being cited to stubble burning ahead of winters. On Tuesday the Supreme Court of India rapped the Aam Aadmi Party (AAP) -led Punjab Government for not taking strict action and observed that farmers are being made a villain as they are not being heard in the court.

(This is a developing story. Check back for more details.)Milestone Alert!Livemint tops charts as the fastest growing news website in the world

IREDA IPO: The initial public offering (IPO) of Indian Renewable Energy Development Agency (IREDA) has hit Indian primary market today and it will remain open till 23rd November 2023 i.e. Thursday this week. The PSU has fixed IREDA IPO price band at ₹30 to ₹32 per equity share and the book build issue is proposed for listing on BSE and NSE.

Country singers, romance novelists, video game artists and voice actors are appealing to the U.S. government for immediate relief from the threat that artificial intelligence poses to their livelihoods

Toymakers are tweaking original classic games or coming out with new ones that embrace an audience that’s been around for a while: people over 65 years old

World Cup 2023 on Sunday, cricket legends, fans and social media users expressed support and appreciation for the unit, with many calling it just a bad day at work. Many people took to social media to share heartfelt notes for Team India, consoling them and expressing their ardent support for the team. Sachin Tendulkar called it Team India's "hard luck" and said, "just one bad day in an otherwise sterling tournament can be heartbreaking.

Arsene Wenger says «it's possible» to develop Indian football «in the very short time» and he cannot imagine the sport evolving without the involvement of the Asian country. The encouraging words from the former Arsenal manager came ahead of the Indian team's World Cup Qualifier against Qatar on Tuesday. Wenger, who is currently the chief of global football development, FIFA, visited the All India Football Federation (AIFF) headquarters on Monday and had an interaction with the heads of a select group of academies from across the country.

RBI has smothered the sector with, seeking higher risk weightage and capital provisioning. The myriad agents who process loan documents saw brisk work. Television advertisers saw hectic action.

ChatGPT parent OpenAI as Chief Executive Officer, despite various rounds of discussions with the Board, The Independent has reported. Instead, Emmett Shear – co-founder of Twitch, will take over as Interim CEO, it added. The report quoted co-founder and board director Ilya Sutskever telling staff on November 19 that Altman would not be back.

World Cup final defeat, India head coach Rahul Dravid needs time to reflect on his future with the national team even as his his two-year contract ended on Sunday. India lost the World Cup title clash to Australia by six wickets and with this assignment, 'Mr Dependable's contract with the BCCI has ended officially. The issue has not yet come up for discussion within the BCCI even though Dravid has guided the team to two ICC tournament finals and one semi-final in his two-year stint.

Xabi Alonso has always done things at his own speed. As a player, it was his coolness, his control, his capacity to wait until precisely the right moment that made him one of the finest midfielders of his generation. As he contemplated the idea of becoming a coach, he saw no reason to change.

Mint had reported earlier after speaking with several consultants including Aon, Mercer and Willis Towers Watson (WTW) that Indian companies are likely to offer median increments of 9-10% this time, with macroeconomic pressures pushing companies to be more prudent. In fiscal year 2023 (FY23), the median remuneration had risen 9.5% on average, the highest since FY20 (9.7%), a Mint analysis of Sensex companies showed. However, in 2019-20 (before covid), the average annual inflation was far lower, at 4.8%.

World Cup trophy, here Wednesday. The Australians once again showed what meticulous planning and ruthless execution is all about, chasing 241 in just 43 overs with Travis Head (137 off 120 balls) once again proving to be India's nemesis.

SEATTLE, WA : In May, Sam Altman, co-founder and chief executive officer of Microsoft-backed OpenAI who was fired on Friday, had stirred a hornet’s nest, commenting on India’s attempt to develop a generative artificial intelligence (AI) tool like ChatGPT, terming it “hopeless", while responding to a question by Rajan Anandan, the managing director of Peak XV Partners, and a former head of Google India. Altman later clarified that his response was “…really taken out of context! (and that the)...question was about competing with us with $10 million (as opposed to $100 million), which I do think is not going to work..." That said, India does not have a semiconductor fab to build chips required to power a large language model (LLM) or LLM-powered chatbot.

World Cup 2023: Australia defeated India by 6 wickets to lift the ICC World Cup trophy at Narendra Modi stadium on Sunday. The victory of the Kangaroos came as a major disappointment for Indians who were praying hards for team India's victory.

India should become a middle-income country and then push to make INR (rupee) a hard currency, and till then, it must promote the settlement of global trade in the local currency, think tank GTRI said on Sunday. Global Trade Research Initiative (GTRI) said that transforming a currency into a hard currency is a complex process that hinges on several pivotal factors. Firstly, economic stability is paramount; a country must exhibit low and stable inflation, consistent growth, and a balanced trade environment.