Reports Financial News

artificial intelligence’s impact on our public consciousness better than leading dictionary publishers Collins naming the abbreviation of the term — ‘AI’ — as their word of the year. Yet, we are still only at the advent of this technology revolution. With many rapid developments in GenAI tech, tools and proof of concepts, 2024 is poised to be the year of acceleration.

The 'before' picture would show you an oversized individual, while the 'after' picture would feature the same person but with a perfect physique, thanks to whatever potion or gym was being advertised. Or, you could have an acne-scarred face magically transformed into a blemish-free one. No prizes for guessing what the messaging was all about. It's a bit like that when it comes to reading the tea leaves regarding the economy in 2024.

media and entertainment. Incredible stories from across India, connectivity and access like never before, innovation in filmmaking— there hasn’t been a more perfect time for storytellers and the audience. Today, India stands only second to China in the volume of digital media consumption, as per the EY-Ficci 2023 report.

(Reuters) -Reckitt Benckiser Group's Mead Johnson Nutrition (MJN) is voluntarily recalling select batches of Nutramigen Powder from the U.S. market due to a possibility of contamination with Cronobacter sakazakii bacteria in product sampled outside the United States, the Food and Drug Administration said on Sunday.

New Delhi: India is considering proposals to connect Bangladesh’s strategically important Matarbari port to northeastern states, according to people aware of the matter. Bangladesh expects to boost exports once the country’s first deep sea port is built at Matarbari with assistance from Japan. The port will enhance exports to Southeast Asia, and other Asian markets, and improve its capability to handle cargo from international markets.

(Reuters) — U.S. singer, dancer and «American Idol» star Paula Abdul filed a lawsuit accusing British television executive Nigel Lythgoe of sexually assaulting her when they worked together on two popular talent shows, according to court documents.

Xi Jinping Sunday said China's "reunification" with Taiwan is inevitable--striking a stronger tone than last year--while addressing the nation in a speech marking the New Year, ahead of the general elections in the Chinese-claimed island to elect a new leader, Reuters reported. Beijing claims Taiwan to be its "sacred territory".

Zomato said on Sunday that it received notices from the tax authorities in Delhi and Karnataka over alleged short payment of goods and services tax in 2018 amounting to Rs 4.2 crore. The company will appeal against the tax demand notices, Zomato said in a filing with stock exchanges.

recurrent bans on the movement of old petrol and diesel vehicles imposed by the local authorities to contain air pollution. Replacement demand for vehicles in the NCR has shot up by 30%, outpacing a 22% increase reported countrywide, they said. This has come along with a marked shift away from diesel to more environment-friendly options like CNG, electric and strong hybrid vehicles. The share of diesel in new car sales in the NCR declined to 5.8% this fiscal year from 7.5% in FY23 and 8.8% in FY22.

terrorists were killed in clashes with the security forces in two separate incidents in Pakistan, the army said on Sunday. During the conduct of an intelligence-based operation on the night of December 30-31, five terrorists «were sent to hell» following intense clashes between troops and the militants, according to the Inter-Services Public Relations (ISPR), the media wing of the army. The terrorists' hideout was also busted and a cache of arms, ammunition and explosives was recovered, it said, adding that a sanitisation operation was being carried out to eliminate other terrorists in the area.

Shiv Sena (UBT) leader Sanjay Raut on Sunday said there is no tussle among Maha Vikas Aghadi (MVA) allies over the sharing of seats for the upcoming Lok Sabha elections. He also said there is a «good understanding» between the Uddhav Thackeray-led party and leaders of Congress in the Centre and Maharashtra. Speaking to reporters in Pune, Raut also said winnability will be the criterion in picking candidates, the remarks coming days after his «Shiv Sena (UBT) will contest 23 out of 48 Lok Sabha seats in Maharashtra» caused heartburn in Congress.

(Reuters) -Russia on Sunday said it attacked military facilities in the Ukrainian city of Kharkiv overnight, including a hotel housing military commanders and «foreign mercenaries», in response to Ukraine's strikes on Belgorod the previous day.

By Andrea Shalal

By Cynthia Kim, Josh Smith and Jack Kim

Maharashtra on Sunday recorded 131 fresh COVID-19 cases after testing 12,405 samples at a positivity rate of 1.05 per cent, the state health department said. No fatalities are reported. A day earlier, the state had logged 172 COVID-19 infections.

assault and intentional insult on a complaint by a Bulgarian woman, who had joined the company as a flight attendant, an official said on Sunday. The police have said that they can only investigate the matter and submit a report to the high court for now.

commercial ships in the Red Sea, the top commander of US naval forces in the Middle East says, even as more nations join the international maritime mission to protect vessels in the vital waterway and trade traffic begins to pick up. Since Operation Prosperity Guardian was announced just over 10 days ago, 1,200 merchant ships have traveled through the Red Sea region, and none had been hit by drone or missile strikes, Vice Adm. Brad Cooper said in an Associated Press interview, although the US military said that one ship reported being struck by a missile late Saturday.

2024 with a fireworks display in Auckland on Monday. The fireworks illuminated the cloudy night sky and were accompanied by a laser light and animation show. Here's how some other places and people around the world were bidding farewell to 2023 and welcoming the New Year.

Who in finance is getting the biggest bonuses this year?

Air India on Sunday expressed «concern» over the Tata Group-owned airline's alleged threat to the cockpit staff with «appropriate measures» if pilots report sick for duty. In a communication to Air India senior vice president for flight operations Manish Uppal on Sunday, Indian Pilots Guild (IPG) and Indian Commercial Pilots Association (ICPA) said that reporting illnesses without the «fear of reprisal» is in the interest of flight safety.

Bollywood actor, producer and entrepreneur John Abraham has purchased a bungalow built over nearly one-fifth of an acre land parcel on tony Linking Road in Mumbai’s Khar locality for over Rs 70.83 crore. The bungalow, 372 Nirmal Bhavan, boasts an expansive total built-up area of 5,416 square feet, spanning across the ground floor and two additional levels. Notably, the actor has acquired this property through a transaction involving a total of 10 sellers, all of whom are members of the same family. The buyer has paid stamp duty of nearly Rs 4.25 crore for the registration of the deal that was concluded and registered on December 27, showed the documents accessed through IndexTap.com. It remains unclear whether the actor intends to embark on a redevelopment project for the property situated on the lively street or if the plan involves renovating the existing structure for personal residence. Currently, the actor resides at ‘Villa in the Sky', a 4,000-sq-ft sea-facing penthouse located on the 7th and 8th floors of a residential complex in Bandra west. Apart from his career in Bollywood, according to media reports, John is known as an astute investor who has invested in various businesses, including internet services, food and beverage, community, fitness, and lifestyle. The actor is also owner of two sports teams-- Guwahati-based NorthEast United, a professional football team in the Indian Super League; and Delhi Waveriders, a professional hockey team that plays in the Hockey India League. ET’s email query to Abraham’s team remained unanswered until the time of going to press. Real estate continues to stand out as a top choice for investments among high-net-worth individuals.