Racing Financial News

By Adam Jourdan, Eliana Raszewski and Anna-Catherine Brigida

free trade, but are at a disadvantage in a new era of aggressive industrial policy. Industrialized nations such as the U.K. and Singapore lack the scale to compete against the biggest economic blocs in offering subsidies.

AI chatbots are also vulnerable to hacking. The hackers can misuse the generative AI technology to generate false information, biased information, induce fake narratives, pedal offensive information, etc. Responding to all such threats, the AI companies are participating in 20 hours at the DEF CON conference in Las Vegas, news platform SEMAFOR reported.

Boeing (NYSE:BA) is the front-runner to book an order for approximately 25 wide-body planes from IndiGo (NS:INGL), Reuters said in a report Monday.

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By Eliana Raszewski and Jorgelina do Rosario

State Bank of India (SBI) group are in the race to be elevated as managing director of the country’s largest bank, people familiar with the process said. The post fell vacant after former MD Swaminathan Janakiraman took over as deputy governor of the Reserve Bank of India (RBI) on June 26.

Blackstone has emerged the frontrunner to acquire Kims Healthcare Management (KHML), Kerala’s leading hospital chain, said two people aware of the development. The US private equity major is expected to acquire up to 75% holding in the hospital chain, valuing it at Rs 4,000 crore, they said. Initially, Blackstone is aiming to buy 55% stake held by existing investor True North along with 20% stake held by minority shareholders, they said. The deal is likely to be signed by mid-September. The management will remain the same, headed by founder Dr MI Sahadulla who along with his family holds about 25% stake in Kims, the sources said. Blackstone and Manipal Health Enterprises are the two contenders left in the race for Kims. Manipal was keen on acquiring up to 90% stake with Sahadulla to remain as a minority shareholder with 10% stake, people cited above said. Manipal Health Enterprises, Max Healthcare, Temasek-owned Sheares Healthcare, and global buyout funds Blackstone and CVC Capital were among half a dozen potential buyers in initial talks to acquire about 65-70% in Kims Health Management, ET first reported in December. Kims Health has four operational hospitals in Kerala — in Thiruvananthapuram, Kottayam, Kollam and Perinthalmanna — with a total capacity of 1,378 beds.

US wildfire in more than a century. Crews with cadaver dogs have covered just 3 per cent of the search area, Maui Police Chief John Pelletier said Saturday. «We've got an area that we have to contain that is at least 5 square miles, and it is full of our loved ones,» he said, noting that the number of dead is likely to grow and «none of us really know the size of it yet.» He spoke as federal emergency workers picked through the ashen moonscape left by the fire that razed the centuries-old town of Lahaina.

Chandrayaan-3 was launched on 14 July whereas Luna-25 took off on 11 August. Chandrayaan-3 is expected to land on the lunar surface around August 23 after completing a 40-day journey. On the other hand, Luna-25 is expected to land on the moon around August 21, two days ahead of Chandrayaan-3.

The newly released figure surpassed the toll of the 2018 Camp Fire in northern California, which left 85 dead. A century earlier, the 1918 Cloquet Fire broke out in drought-stricken northern Minnesota and raced through a number of rural communities, destroying thousands of homes and killing hundreds.

By Tim Reid

absentia and ex parte conviction of fugitives as part of an overhaul of the existing penal code that will go through the parliamentary process of approval. In the proposed changes, the government has included strict action for mob lynching and snatching, as well as a 10-year jail for sexual relations on false promise of marriage.Organised Crime Under the proposed changes, the government is looking to create a mechanism for ex parte trial and conviction of fugitives and absconders.

By Nate Raymond

Anusandhan National Research Foundation (NRF) Bill that aims to create a financially viable research ecosystem was tabled in Parliament last Friday. The proposal to create an NRF comes at a time when the world is witnessing rapid innovation in the development of AI-based systems, models and applications. Recent developments in superconducting under ambient conditions, too, throw open the possibility for further acceleration in areas such as quantum computing.

The Securities and Exchange Commission has not yet come to a decision on whether to approve the ARK 21Shares bitcoin ETF application, delivering another delay for the long-awaited product. 

GST) Council’s proposal to levy a 28% tax on the full value of deposits made by individuals to online gaming platforms, casinos, and horse racing clubs. According to a notification issued on Friday, the legislation will be effective from 1 October. Both Houses of Parliament have endorsed the Central Goods and Services Tax (Amendment) Bill, 2023 and the Integrated Goods and Services Tax (Amendment) Bill, 2023.

By now you must be aware of the AI market being on a steady rise and heralding global news headlines. 

As the Gamblefi narrative continues to gain traction in crypto markets, leading iGaming-themed coin Rollbit (RLB) has surged a jaw-dropping +104% in just 3-days as investors race to take position in the latest pump.

New Delhi: Parliament on Friday approved legislative changes required to implement the Goods and Services Tax (GST) Council's decision to ensure that 28% tax is paid on the full value of deposits made by players to online gaming platforms, horse racing clubs and to casinos from 1 October. The Lok Sabha and the Rajya Sabha approved the Central Goods and Services Tax (Amendment) Bill, 2023, and the Integrated Goods and Services Tax (Amendment) Amendment Bill, 2023, which will be brought into effect from October.

rape of minor may be given the maximum punishment of death sentence. These punishments are part of the three bills introduced by Union Home Minister Amit Shah in Lok Sabha on Friday. The crime of murder will invite death sentence or life imprisonment while those involved in rape shall be punished with minimum 10 years of jail or imprisonment for life and gang rape will invite at least 20 years of imprisonment or imprisonment for the remainder of that person's natural life. According to the bills, if a woman dies after the rape or it causes the woman to be in a persistent vegetative state, the convict shall be punished with rigorous imprisonment for a term which shall not be less than 20 years, but which may extend to imprisonment for life, which shall mean imprisonment for the remainder of that person's natural life, or with death. Whoever commits rape on a girl under 12 years of age shall be punished with rigorous imprisonment for a term which shall not be less than 20 years, but which may extend to imprisonment for life, which shall mean imprisonment for the remainder of that person's natural life, and with fine or with death. The bills introduced in Lok Sabha are Bharatiya Nyaya Sanhita (BNS) Bill, 2023; Bharatiya Nagarik Suraksha Sanhita (BNSS) Bill, 2023; and Bharatiya Sakshya (BS) Bill, 2023 that will replace the Indian Penal Code, 1860, Criminal Procedure Act, 1898, and the Indian Evidence Act, 1872 respectively.