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Subscribe to enjoy similar stories. The founder of Chinese artificial-intelligence star DeepSeek has rejected proposals to make quick money from his programs, telling prospective investors that he wants to keep the science-project ethos that brought him global renown. Overwhelmed by millions of users, DeepSeek’s chatbot has frequent service hiccups, and authorities around the world are restricting its use over data-security concerns.

Subscribe to enjoy similar stories. Tribunals were meant to be India’s answer to an overburdened judicial system—a fast-track mechanism to resolve disputes efficiently outside the traditional civil court structure. However, the idea of tribunals being a faster and better alternative to court cases has not worked out as expected.

Subscribe to enjoy similar stories. Prince Pipes & Fittings, India’s fifth-largest plastic pipe manufacturing company, reported a decline in its third-quarter earnings due to decreased sales volume, inventory losses, and a weak demand environment. Consequently, the stock has halved in the last one year, and fallen 35% so far in 2025.

Subscribe to enjoy similar stories. IndusInd Bank Ltd’s shares dropped to their lowest in nearly three years after the Reserve Bank of India cut the lender’s proposed three-year extension for managing director and chief executive officer Sumant Kathpalia to one year. This isn’t the first time RBI has disagreed with banks on the tenure of their top chief.

large language model of its own, named FoxBrain. According to a report in The Wall Street Journal, the company designed the model for internal use initially. FoxBrain can perform functions such as data analysis, mathematics, reasoning and code generation. Foxconn said Nvidia has supported the model through its Taiwan-based supercomputer and technical consulting, enabling successful model training.

Subscribe to enjoy similar stories. IndusInd Bank’s stock closed nearly 4% lower on March 7, 2025, marking its fourth consecutive session of decline. The sharp fall came in the wake of two major developments—the Reserve Bank of India (RBI) approving Sumant Kathpalia’s reappointment as CEO for just one more year instead of the three-year tenure sought by the bank, and reports that Nippon Life Insurance Co.’s India unit, Reliance Nippon Life Insurance, is considering acquiring a minority stake in the lender.

mutual funds invest most of their corpus in the large and mid cap stocks. As per the Sebi mandate, these schemes are open-ended equity schemes that invest a minimum of 35% of total assets in large cap companies, and a minimum of 35% of total assets in mid cap stocks. However, this definition does not tell the whole story about the large & mid cap category. Consider this: The 35% mandatory investments in mid cap stocks make them risky. However, they are less risky than pure mid cap schemes that invest around 65% in mid cap stocks. Also, the 35% investments in large cap investments offer them some stability. But they are riskier than pure large cap schemes. Then there is the question of the remaining 30% of the corpus. The fund manager has the option to decide where the money will be invested. If he thinks the large cap space is attractive, he may invest in large cap stocks. If he thinks mid cap and small cap stocks are poised to take off, he may invest in them. As you can see, these investments may increase or decrease the risk in these schemes.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.Bank Nifty Today Live Updates: At current prices Bank Nifty, faces the below Resistance and Support levels As of the last trading day, the Bank Nifty closed at 48,627.70. This closing price reflects the performance of the banking sector, showcasing either growth or decline compared to previous sessions.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.Nifty 50 Today Live Updates: At current prices Nifty 50, faces the below Resistance and Support levels On the last trading day, the Nifty 50 closed at 22,544.70. This figure reflects the index's performance on that day, indicating market sentiment and trends among the top 50 companies listed on the National Stock Exchange of India.

global trade war led investors to safe havens, lifting the yen and the Swiss franc. Markets have been fixated on simmering trade tensions across the world as U.S. President Donald Trump slapped tariffs on top trading partners only to delay some of them for a month amid growing signs and fears of the U.S. economy slowing down.

Lenskart cofounder and CEO Peyush Bansal has stood out for building an omni-channel retail business in a competitive eyewear sector. The Gurgaon-based company managed to balance rapid scale with operational performance, growing to more than 2,500 stores in India and Southeast Asia, while keeping losses in check. “Businesses need to be built around a purpose and a mission, and sitting with India Inc’s top bosses, my belief has been further reinstated today,” said Bansal, who was adjudged the Entrepreneur of the Year at the ET Awards. “We are driven by the purpose of giving vision to people and I believe if you stay close to those values, rest everything will fall in place,” Bansal said, adding that the recognition takes the expectations from the company higher.

Rohit Sharma’s journey as India’s white-ball captain has been nothing short of extraordinary. At this moment, no proof is needed to claim that. India have been crowned as Champions for the record third time, and Hitman deserves all the appreciation for this one. While no one can erase the harsh memories of November 19, 2023, where India lost the ODI World Cup to Australia, Sharma, led India to a T20 World Cup victory in June last year and now it's the Champions Trophy. With multiple ICC trophies, Asia Cup titles, and record-breaking performances, he has now cemented his place as one of India's greatest leaders in limited-overs cricket.

The Ballad of Wallis Island is an upcoming comedy directed by James Griffiths. Carey Mulligan plays a lead role in the film, which focuses on a musician facing unexpected challenges during a performance on a remote island. The movie is scheduled for release on March 28, 2025.

Nana Patekar and Gadar 2 director Anil Sharma’s son, Utkarsh Sharma, is making its digital debut nearly three months after its big-screen run. Fans who missed the film in theatres can now stream it from the comfort of their homes.

Amit Shah on Sunday laid the foundation stone of the Rs 316.82 crore 'Para High Performance Centre' in Gandhinagar virtually and reiterated India's resolve to host the 2036 Olympics. He said 10 big stadiums are going to be built at the Sardar Patel Sports Complex, located next to the Narendra Modi Cricket Stadium, he said. «India has resolved to hold the 2036 Olympic Games in these 10 complexes. Gujarat has already started preparations for this event,» Shah said. The Para High Performance Centre will play an important role in providing world-class training to Gujarat's para athletes through excellent infrastructure for state-level, national-level and international competitions, Shah said.

Subscribe to enjoy similar stories. Bengaluru: Artificial intelligence, or AI, won’t take away your job. But someone using AI tools might.

Subscribe to enjoy similar stories. The National Pension System (NPS) is among two key retirement schemes in India. The other one is the Employee Provident Fund (EPF), which employees and employers are required to contribute to mandatorily.

Subscribe to enjoy similar stories. When Unilever made its surprise announcement last week that it would replace chief executive officer (CEO) Hein Schumacher, the board was about as blunt as boards tend to get in a corporate press release. “While the Board is pleased with Unilever’s performance in 2024, there is much further to go to deliver best-in-class results," said Unilever chairman Ian Meakin in the announcement.

This 'mini-World Cup' clash pits two of the most consistent yet often unlucky teams in ICC tournaments. Both nations are desperate for success after recent near-misses in major ODI finals—India falling short in the 2017 Champions Trophy and the 2023 World Cup, while New Zealand suffered heartbreaking defeats in the 2015 and 2019 World Cups. Adding some intrigue to the match is India's campaign, which has been slightly clouded by accusations of an “unfair advantage” due to all of their matches being scheduled at a single venue.

Subscribe to enjoy similar stories. Each year, the Pickle Factory Dance Foundation—an artist-led not-for-profit in Kolkata— creates homes for dance in repurposed spaces. This annual event celebrates its fifth season this year.

Michael Sheen has hit headlines for paying off 900 people’s debt after Tata Steel shut down its last blast furnace in Port Talbot. As per a BBC report, the ‘Twilight’ actor embarked on a mission to alleviate financial burdens by establishing a company dedicated to purchasing and erasing debt for 900 individuals in South Wales. His philanthropic initiative is the focus of an upcoming Channel 4 documentary titled Michael Sheen’s Secret Million Pound Giveaway, scheduled to premiere next week. The program aims to shed light on how banks and financial institutions often exploit economically disadvantaged individuals for profit. Sheen disclosed that he remained unaware of the specific identities of those whose debts he cleared, knowing only their geographical location and the type of financial obligation they held. He emphasized, «I would never know who they are. Even now, I still don't know their identities.» Using £100,000 of his personal savings, the actor successfully established a debt acquisition company, which enabled him to purchase £1 million worth of outstanding loans. Initially unfamiliar with the intricate workings of the debt industry, Sheen admitted, «At first, I had no understanding of how this unusual system operated, but it felt like the right thing to do.»