President Financial News

It’s been quite a week for ChatGPT-maker OpenAI — and co-founder Sam Altman

Nissan will invest $1.4 billion to update its factory in northeast England to make electric versions of its two best-selling cars

Thanksgiving might guess it was all about worshipping a bird. Turkeys appear to be raised just for this occasion, much as Aztecs (who also valued turkeys) raised children destined for sacrifice. Devotees go to extremes to ensure they get a turkey.

The fate of as many as 1,862 candidates will be sealed by over 5.25 crore eligible voters in the state, of which nearly 33% are under the age of 30. Polling will be held in 199 out of the 200 constituencies from 7am to 6pm amid tight security arrangements. Due to the death of Congress candidate and sitting MLA in Karanpur Gurmeet Singh Koonar, voting in the constituency has been adjourned.

National Advisory Council (NAC) was 'uncharitably caricatured' as a 'separate power centre' when it functioned purely as an 'advisory body to the Prime Minister', the former Congress President Sonia Gandhi has said in an essay in an upcoming book. She adds that this was ironic given that NDA has openly been taking directions from the 'unelected and unaccountable' RSS. «It is extremely ironic that the NAC was vilified, when the current National Democratic Alliance (NDA) government has routinely deposed before, and taken direction on policy and legislation from the unelected and unaccountable Rashtriya Swayamsewak Sangh (RSS), most visibly in September 2015 when Union ministers gave detailed presentations explaining their policies, and south their 'marg darshan' (guidance), as Prime Minister Narendra Modi put it», Gandhi writes in her essay titled- Enhancing People's Rights and Freedoms- The NAC revisited. She also holds forth that the NAC's role was limited to submitting recommendations to the PM and the final decision was left to the discretion of the Union government.

Kamareddy assembly constituency, located around 120 kms away from Hyderabad, has become the hotspot of this election in Telangana, as it is witnessing a triangle battle among BRS supremo and chief minister K Chandrashekhar Rao, his challenger A Revanth Reddy who is the state Congress president, and BJP's local heavyweight K Venkata Ramana Reddy. The chief minister had surprised many when he chose Kamareddy as his second seat in addition to his sitting Gajwal seat in the Siddipet district. A new dimension was added when sitting MP Revanth Reddy, fashioning himself as Congress' chief ministerial counter to Rao, too entered the fray — in addition to Kodangal in the Vikarabad district — thus making the Kamareddy contest a CM vs a wannabe CM.

MEXICO CITY/COPENHAGEN (Reuters) — A Danish fund will invest $10 billion in a development hub in southern Mexico to produce green hydrogen for ships and to replace fossil fuel use, Mexican President Andres Manuel Lopez Obrador said on Friday.

FSID) within the Indian Institute of Science (IISc) has announced the launch of the Centre of Data for Public Good (CDPG). The Centre is dedicated to advancing research, innovation, collaboration, and best practices in the realm of data science, analytics, and policy to address critical societal challenges, IISc said in a press release.

AAP lawmaker Raghav Chadha, who had challenged his indefinite suspension from Rajya Sabha, after it was informed that there was some development on the issue. A bench of Chief Justice DY Chandrachud and justices JB Pardiwala and Manoj Misra listed the matter for hearing on December 1 after Solicitor General Tushar Mehta, appearing for the Rajya Sabha Secretariat, said that discussions are on in the matter.

The self-proclaimed ‘home of hybrids’ has picked up advisors managing almost half a billion dollars for Osaic.

Stuart Seldowitz, former National Security Council advisor to ex-US President Barack Obama, has been arrested in New York City on charges related to the harassment of a street vendor. Viral videos captured Seldowitz making Islamophobic remarks against a halal food cart worker in Manhattan. In a display of solidarity, people gathered outside the vendor's cart, purchasing food to support him.

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Droupadi Murmu on Friday said it is the duty of civil servants to respond promptly to the grievances of the people besides adopting innovative measures beneficial for citizens. Addressing a group of officer trainees who had called on her at the Rashtrapati Bhavan here, the president said the feedback of the public on various government schemes and projects is now considered very important for an efficient and accountable administration. At a time when people can post their grievances instantly on social media, the need to use updated governance tools and advanced technology for service delivery to people has increased manifold, she said.

Calcutta High Court on Friday upheld a single bench order allowing a public meeting to be organised by BJP and addressed by Union Home Minister Amit Shah on November 29 here. The division bench presided by Chief Justice T S Sivagnanam dismissed an appeal by the West Bengal government, challenging the November 20 order of the single bench.

European Union’s $100-billion scientific research program, called Horizon Europe.Trudeau offered little detail about Canada’s participation in the pact this evening as he welcomed the top two heads of the EU to Newfoundland and Labrador’s capital city of St. John’s for the 19th EU-Canada Summit.Trudeau also said during his opening speech that Canada has worked out a deal to build water bombers and ship them to the EU, after both regions faced devastating forest fires this past summer.European Council President Charles Michel says the two-day summit comes at a difficult geopolitical time, as war continues in Ukraine and Israel and Hamas fight in the Gaza Strip.He says the unrest underscores a need for Canada and the EU, two long-standing allies, to work together on issues from peace and security to fighting climate change.Trudeau is expected to hold formal meetings on Friday with Michel and European Commission President Ursula von der Leyen.Ottawa and Brussels started negotiations a year ago on Canada joining the Horizon Europe scheme, with the initial goal of signing an agreement this past spring that would be in place this calendar year.The program has seen countries such as New Zealand and Israel sign up for research projects partially funded by the EU, involving themes like the digital industry, health care and climate innovation.Entrepreneurs from the St.

As businesses and governments adopt net-zero strategies, it is imperative for the industry to develop resilient solutions and construct infrastructure capable of withstanding the repercussions of climate change. Simultaneously, these initiatives should remain economically-viable investments. The reevaluation of how we plan, create, and manage our infrastructure is a vital component of this undertaking. Infrastructure is critical in influencing our cultures, economics, and environment. Rethinking infrastructure systems is a critical step towards creating a net-zero and sustainable future.

Reserve Bank of India (RBI) has recently increased the risk weights on unsecured consumer loans like credit cards by 25 percent for both banks and Non-Banking Financial Companies (NBFCs). Unsecured loans are those that are not backed by any collateral, such as personal loans or credit card debt. The RBI's order requires the lenders to put in place additional security measures to protect consumers from fraud and identity theft.

IIFL Finance Limited, which is one of India’s largest non-banking financial companies, today said that leading rating agency CRISIL has upward revised its outlook to ‘Positive’ from ‘Stable’. The agency has also reaffirmed the long-term rating at ‘CRISIL AA’ and short-term rating at ‘CRISIL A1+’. In the rating rationale released by CRISIL Ratings said, “The outlook revision reflects the strengthening market position of IIFL Finance group and the expected sustained improvement in its profitability.

By Joe Cash

Singapore’s blockchain-powered private markets exchange, ADDX, has listed a deep-value equity fund managed by Aggregate Asset Management (AAM) to its platform.

By Laurie Chen