Open Financial News

Reigning British Open champion Cameron Smith stepped onto the tee box of Royal Liverpool’s 17th hole during a practice round, and what he saw resembled an infinity pool. The view heading out toward the water, beyond the green, was gorgeous. The prospect of hitting a golf ball toward it was a nightmare.

Yatharth Hospital & Trauma Care Services will open for subscription on Wednesday, July 26. The three-day issue, which will close on Friday (July 28), includes a fresh share sale worth Rs 490 crore and an offer for sale (OFS) of 6,551,690 shares. The company filed its red herring prospectus (RHP) with the Securities and Exchange Board of India (Sebi) on Tuesday, July 18.

Oil prices slipped in early Asian trade on Thursday, extending the previous session's losses, as the dollar strengthened and on profit-taking after U.S. crude oil stocks fell less than expected. Brent futures dipped 14 cents, or 0.2%, to $79.32 a barrel by 0001 GMT, while U.S.

₹2,853 apiece on the NSE. Stay tuned to our RIL-Jio Financial Services Demerger Live blog for the latest updates.The record date for the Reliance-Jio Financial demerger is today, July 20, 2023.Jio Financial Services (JSFL) is going to be demerged from Reliance Industries (RIL) on Thursday (July 20).

Billionaire philanthropist MacKenzie Scott’s first open call for grants yielded 6,353 applications from nonprofits — meaning candidates have at least a 4% chance of being selected for a $1 million grant

Authorities in South Africa say a suspected underground gas explosion during Johannesburg’s evening rush hour ripped open roads and flipped more than 20 cars in South Africa’s biggest city

schools shut on 20 July owing to the heavy rains in the state and the warning by the weather department that the rains may continue on Thursday. "In view of the continuous rains in Mumbai, considering the safety of the students, the Municipal Corporation has declared a holiday for tomorrow, 20th July, for primary, secondary, and higher secondary schools (Nursery to Class 12) of all management in the Mumbai Metropolis," said Brihanmumbai Municipal Corporation (BMC). The State Disaster Management Unit of Thane, Palghar, Raigad, Ratnagiri, and Sindhudurg districts have also decided to keep the schools shut on Thursday.

RIL-Jio demerger: The National Stock Exchange (NSE) will conduct a special pre-market session on July 20 for Reliance Industries Ltd on account of demerger of its financial services business into Reliance Strategic Investments Limited. The Bombay Stock Exchange (BSE) also announced that Jio Financial will be added to 18 of the S&P BSE indices, including the S&P BSE Sensex, starting July 20 for a period of three days - on account of Reliance Industries being a part of the special pre-open session.

By Bansari Mayur Kamdar and Johann M Cherian

British spies are already using artificial intelligence to hamper the supply of weapons to Russia, the head of Britain’s MI6 agency said Wednesday, predicting that Western spies will increasingly have to focus on tracking the malign use of AI by hostile states. In a rare public speech, Richard Moore also urged Russians who oppose the invasion of Ukraine to spy for Britain, saying others had already done so since the war began.

  Leslie D'Monte The Generative AI race just got hotter with Meta releasing the second version of its free open-source large language model, Llama 2, for research and commercial use, thus providing an alternative to the pricy proprietary LLMs sold by OpenAI like ChatGPT Plus and Google Bard while giving a boost to open source LLMs. Developers began flocking to LLaMA--Meta’s open-source LLM that was released in February (https://ai.meta.com/blog/large-language-model-llama-meta-ai/). Researchers made more than 100,000 requests for for Llama 1, according to Meta.

Meta CEO Mark Zuckerberg and his Microsoft counterpart Satya Nadella have joined forces to introduce the world to Llama 2 (Large Language Model), the next generation of AI. What makes this collaboration even more intriguing is the decision to release Llama 2 as an open-source technology. This new partnership between Meta & Microsoft was announced by Zuckerberg in a power-packed Instagram post. The picture shared on Zuckerberg's handle captured the two tech titans dressed in blue, smiling for the camera as they celebrated the collaboration. His post read, «Today, we're open sourcing Llama 2 with our preferred partner @microsoft. This gives researchers and businesses access to build with our next generation large language model as the foundation of their work. Grateful to Satya and our teams for making this happen.»

Reliance Industries stock on Thursday, on account of the demerger of the financial services business of the company.RIL has fixed July 20 as the record date to determine eligible shareholders for the allotment of shares of the demerged entity. Under the demerger scheme, RIL shareholders will get 1 share of the demerged entity Reliance Strategic Investments for every 1 share held by them in the conglomerate. In RIL, the NSE will conduct a special pre-open session from 9 AM to 10 AM.

Over the next few weeks, a whole host of Zellers pop-ups are expected to appear inside Hudson’s Bay stores in five provinces by Aug. 11.

top ten companies to watch out today, L&T Finance Holdings, Bank of Maharashtra, Hatsun Agro Products, Finolex Industries, Can Fin Homes, Century Textiles and Industries, Alok Industries, Mastek, Tata Communications, Tata Coffee will be in focus as they report June quarter earnings on Wednesday.Asian equity markets witnessed an upward trend as stocks followed the rally from the US market, while the New Zealand dollar appreciated due to moderating inflation.Markets in Japan, South Korea, and Australia saw a rise in stocks at the opening of the trading session. However, futures for Hong Kong stocks showed a downward trend, while those for the US remained largely stable.

Big Tech firms Meta and Microsoft have teamed up to launch Llama 2, an open-source large language model from Meta that will feature on Microsoft’s Windows and cloud computing platform Azure.

Celebrate best in class and recognize the women excelling in the wealth management industry at the annualInvestmentNewsWomen to Watch Summit & Awards.

Reliance Industries Ltd’s demerged entity Jio Financial Services will temporarily enter the blue-chip indices NSE Nifty 50 and BSE Sensex on 20 July. NSE will conduct a special pre-open auction session for the Mukesh Ambani-led RIL stock, following the financial services arm spin-off, to determine RIL stock price without the demerged unit. Jio Financial Services will also join 18 other NSE indices such Nifty 100, Nifty 200, Nifty 500, Nifty Energy, and Nifty Oil & Gas until it is listed on the bourses for trading.

McDonald's has found itself in the news for all the wrong reasons after shocking allegations by more than a hundred current and ex-staff at the fast-food chain's UK outlets of a «toxic culture of sexual assault, harassment, racism», BBC reported on July 18. Members of the staff are «being groped and harassed almost routinely», a BBC investigation revealed. Some of these workers are as young as 17, the report said.

Mutual Fund announced the launch of three open-ended exchange-traded funds (ETFs) DSP S&P BSE Sensex ETF, DSP Nifty Private Bank ETF, and DSP Nifty PSU Bank ETF. These ETFs offer investors opportunities to invest in the Indian markets, private sector banks, and PSU banks respectively.

Download the App to get 14 days of unlimited access to Mint Premium absolutely free! Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!