RAI Financial News
26.09 / 09:59
markets
Manufacturing
economy
RAI
rights
Interviews
Raghuram Rajan wants India to do more to create jobs and boost manufacturing
Raghuram Rajan said on Thursday. In an interview with PTI, Rajan further said the government's focus on production, whether it is goods or services is a good thing, but it is also important to do it the right way. Responding to a question on the Modi government's flagship initiative 'Make in India', he said, «I would say the intention is good. I think in some areas, we have done a lot, as I said, in infrastructure...we have done a lot that has been very useful». The Modi government's flagship initiative 'Make in India' was launched 10 years ago on September 25, 2014.
26.09 / 09:59
markets
Digital
Manufacturing
Experts
RAI
Pharmaceuticals
Sequent Scientific, Viyash Life Sciences explore merger worth Rs 7000-8000 cr
Sequent Scientific and Viyash Life Sciences are in talks for a potential merger worth Rs. 7000-8000 crore, according to people familiar with the matter. The former is listed and the latter unlisted. The two companies boards are likely to hold independent meetings to discuss the possibility of a deal in the coming weeks, according to the sources. There is no certainty a transaction will materialize, they said.
26.09 / 08:57
markets
Digital
Sustainability
Experts
RAI
Schools
6G coming soon in India? Telecom minister Scindia meets Bharat 6G Alliance's working groups
Telecom Minister Jyotiraditya Scindia on Thursday initiated a meeting with the seven working groups of the Bharat 6G Alliance, the minister said in a post on X (formerly Twitter). Hinting at the arrival of 6G in India, the minister wrote, «6G is India’s future! 6G is India’s potential!» «In line with PM Sh@narendramodi Ji’s vision to make Bharat a “telecom superpower”, glad to have initiated a meeting with the seven Working Groups of the Bharat 6G Alliance,» he further added.
26.09 / 08:57
markets
Reuters
CEO
RAI
reports
Department
'This is illegal': Elon Musk criticises OpenAI's shift to for-profit model
Microsoft-backed OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation that its non-profit board will no longer control, Reuters reported, a move which has rubbed Elon Musk the wrong way. Musk, who was among the founders of the artificial intelligence (AI) startup in 2015, took to X, to say, “You can’t just convert a non-profit into a for-profit. That is illegal,” after a user questioned OpenAI’s move.
26.09 / 05:23
markets
President
RAI
Inside
Updates
Vladimir Putin issues nuclear threats to the West following "massive" air assaults
Vladimir Putin issued a nuclear warning to the West on Wednesday concerning strikes on Russian territory from Ukraine. According to an updated nuclear doctrine, any attack on Russia by a non-nuclear nation supported by a nuclear power would be seen as a combined attack on Russia. Putin stated, «It is proposed that aggression against Russia by any non-nuclear state, but with the participation or support of a nuclear state, be considered as their joint attack on the Russian Federation.» He emphasized that Russia might use nuclear weapons if it detects a substantial launch of air and space attack assets, including aircraft, cruise missiles, and drones, crossing its borders.
26.09 / 05:13
markets
Citi
Digital
Experts
RAI
Residential sales dip across top cities during July-September quarter
Residential sales across the top cities stabilized in July-Sep quarter with sales declining to 11%, according to Anarock data. About 1,07,060 units were sold in Q3 2024 against 1,20,290 units in Q3 2023. However, sales continued to outstrip new supply in Q3 2024, reflecting continued health in the market. “Among the top 7 cities, MMR recorded the highest sales of 36,190 units, followed by Pune with 19,050 units. Cumulatively, the two western cities accounted for 52% of the total sales across the top 7 cities in Q3 2024. All the top cities individually recorded a dip in housing sales,” said Anuj Puri, chairman, Anarock group.
26.09 / 05:13
markets
Provident
security
RAI
social
travelers
International
Anand Mahindra fascinated by Noida capsule hotel after woman shares review. What the billionaire thinks
Anand Mahindra. Mahindra expressed his interest in the concept, noting that capsule hotels, first popularized in Japan, could be a great addition to India’s budget travel scene. He questioned his followers, asking if they would feel claustrophobic in such a small space, sparking a discussion about the idea’s viability in India. The woman, Somya, founder of The Modern Nomads, described her stay as a perfect solution for layovers in the NCR region. Living in Dehradun, Somya frequently travels internationally from Delhi, often arriving the night before her flight. She explained that staying with friends can be a distraction due to socializing, and hotels in the area are either too expensive or some budget hotels being of questionable quality. For her, the pod hotel was a more practical option, offering a private and affordable place to sleep before long international flights.
26.09 / 03:21
markets
President
RAI
information
reports
gatherings
Investigations
'Drunk' Secret Service agent under investigation for allegedly groping Kamala Harris’ staffer
Secret Service (USSS) has initiated an investigation into one of its agents after a reported incident involving a staff member of Vice President Kamala Harris. According to a statement from Harris' office, the incident occurred in a hotel room in Wisconsin while the team was scouting locations for future campaign stops. A spokesperson for the Secret Service confirmed that the agent has been placed on administrative leave during the investigation. «The US Secret Service Office of Professional Responsibility is investigating a misconduct allegation involving an employee,» the spokesperson stated, but did not disclose specific details regarding the incident.
26.09 / 03:21
markets
RAI
prevention
peace
25 people killed in days of clashes between Shiites and Sunni Muslims in Pakistan
Sunni Muslims over a lingering land dispute in northwest Pakistan, officials said Wednesday. The clashes — which started over the weekend in Kurram, a district in northwestern Khyber Pakhtunkhwa province bordering Afghanistan — continued on Wednesday. Officials said dozens of people from both sides have been wounded since Saturday. Kurram has been a scene of sectarian violence in recent years.
26.09 / 02:01
markets
Provident
Digital
Action
RAI
Features
US FTC announces crackdown on deceptive AI claims, schemes
artificial intelligence in deceptive and unfair ways. Three of the cases suspended operations at businesses that purported to help consumers generate passive income by opening e-commerce storefronts. The FTC also settled with a company called DoNotPay over its claim to provide automated legal services, and with Rytr, an AI writing tool that the agency said offered a feature that allows users to generate fake product reviews.
25.09 / 22:39
markets
Racing
Election
President
RAI
social
Headlines
Is Kamala Harris' campaign paying $700 a week to participate in protests? Here's what Trump is saying
Donald Trump is a frequent poster on Truth Social, and his followers blindly reshare his posts and it makes headlines almost instantaneously. However, what is not expected from a former US President and a running Presidential candidate is the fact that they take a call to share an unverified and baseless claim to take a dig at the Democrats.
25.09 / 22:39
markets
FIVE
Strategy
Align
Election
RAI
rights
US elections: Trump leading over Harris in Arizona as the VP is losing ground with Hispanic voters, says latest poll
Donald Trump is surging ahead against Kamala Harris, which is a breather for his campaign team, after some of the surveys majorly stated that Harris is ahead in the polls after the second Presidential debate.
25.09 / 20:35
markets
Digital
Election
Diablo
Experts
RAI
Diablo Immortal Season 31 Torment Upon Torment: All you may want to know
Season 31, titled "Torment Upon Torment," will begin on September 26, 2024. This new season offers players a fresh Battle Pass with additional challenges and rewards. Developers have also hinted at the return of Diablo, though details are still under wraps.
25.09 / 20:35
markets
Digital
economy
RAI
reports
Courts
Julie Chrisley sent to 7 years in jail. Here's what has happened
According to Associated Press, a three judge panel of 11th US Circuit Court of Appeals found some legal errors in Julie Chrisley’s sentence and sent her case to a lower court for resentencing. Following which, Julie Chrisley has been resentenced to a facility in Lexington which is in Kentucky until the year of 2032. Also Read: After real estate, another big crisis is looming in the Chinese economy — banking sector
25.09 / 19:25
markets
tennis
RAI
performer
Sporting
chess
After historic victory in Budapest, India's chess champions attract major talent agencies
“We want to onboard a few of these chess players in our roster. Ever since India hosted the Chess Olympiad in Chennai in 2022, there has been a massive boom in the sport,” said Rahul Trehan, chief executive of IOS Sports, which represents two-time Paris Olympics medallist Manu Bhaker, boxer Mary Kom and table tennis player Manika Batra, among others. The chess players shot to prominence after winning three team gold medals—in the open section, the women’s category and the overall section—in addition to four individual golds. The latter were won by D Gukesh, Arjun Erigaisi, Divya Deshmukh and Vantika Agrawal.
25.09 / 19:25
markets
Citi
Digital
Xbox
RAI
information
Starfield Shattered Space DLC: Check out release date, time, what to expect and preload details
Starfield Shattered Space DLC is set for release on September 30, 2024. Gamers can expect it to drop at different times based on their location.
25.09 / 19:25
markets
MET
economy
RAI
International
Pakistan says the IMF has approved a $7 billion loan
International Monetary Fund has approved a new $7 billion loan for cash-strapped Pakistan, authorities said Wednesday, more than two months after the two sides said they had reached an agreement. The loan — which Islamabad will receive in installments over 37 months — is aimed at boosting Pakistan's ailing economy, officials added. Prime Minister Shehbaz Sharif in a statement hailed the deal that his team had been negotiating with the IMF since June. He thanked Kristalina Georgieva, the head of the IMF and her team, for the approval.
25.09 / 17:47
markets
Target
Mobile
wellness
RAI
electronic
reports
PLI investment in mobiles, production exceed target: Secretary
S Krishnan said on Wednesday. Addressing reporters on the completion of 10 years of Make In India initiative, the official said the overall production of electronics in India has increased to Rs 9.52 lakh crore with an annual compounded growth rate of 17.4 per cent from Rs 1.9 lakh crore in 2014-15, he said. «If you look at what the PLI scheme has done in the mobile sector, the overall production we have reached is far in excess of the target. We have reached Rs 6.61 lakh crore is the total value of production, well above the target that has been set. The overall investment has been Rs 9,100 crore, which is again well above the target,» Krishnan said.
25.09 / 17:47
markets
Digital
Bill
Universities
RAI
International
There's nothing called a free UPI ride, banks among other intermediaries bear charges on every such transaction
UPI transaction. UPI is, thus, advantaged among digital payment methods like IMPS, NEFT, RTGS, and those involving debit and credit cards and prepaid payment instruments, which are chargeable. Questions remain over whether users or taxpayers should foot the UPI bill, and how these charges are to be structured.
25.09 / 15:19
markets
Provident
FIVE
security
Remark
RAI
Ex-CM Champai claims J'khand govt withdrew all his security vehicles, police deny charge
Champai Soren, who joined the BJP last month, on Wednesday accused the Hemant Soren government in the state of putting his life at risk by withdrawing all security vehicles assigned to him. The former Jharkhand Mukti Morcha (JMM) leader alleged that withdrawing his security vehicles was a political conspiracy. The state police, however, rejected the charge saying that five vehicles are still engaged with the security of the former chief minister who also enjoys the services of 63 police personnel. «The Jharkhand government withdrew all security vehicles assigned to me, putting my life at risk, under a political conspiracy. I am not afraid of this move. The people of Jharkhand would provide security to me,» Champai Soren told PTI.
25.09 / 15:19
markets
Digital
President
Experts
RAI
chess
AICF announces Rs 3.2 crore rewards for Olympiad-winning teams
Indian teams during a felicitation ceremony here on Wednesday. AICF president Nitin Narang made the announcement during the event. Each player from the winning teams will receive Rs 25 lakh, while the coaches of the men's and women's teams, Abhijeet Kunte and Srinath Narayanan, will be rewarded with Rs 15 lakh each. Grandmaster Dibyendu Barua, head of the Indian delegation, will receive Rs 10 lakh, and the assistant coaches will be rewarded Rs 7.5 lakh.
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