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The Newsom Administration released an insightful report in response to Governor Gavin Newsom's Executive Order from September 2023. This report focuses on the utilization and potential challenges of Generative Artificial Intelligence (GenAI) within the California state government. As the first in a series of planned publications, it marks a significant step in the state's journey to harness and regulate this emerging technology.

SRF Ltd. traded 0.28 per cent down in Friday's trade at 11:42AM (IST). Around 13,881 shares changed hands on the counter.

Sugar stocks continued to correct on Friday for the second day following the curbs by the government on ethanol production. Among the top losers were Shree Renuka Sugars which plunged over 7% in the opening trade amid high volumes, followed by Balrampur Chini, Rana Sugar, The Ugar Sugar Works and Dwarikesh Sugar, which lost up to 3%.

But was it liquidity alone that drove this rally in stocks or were there fundamental reasons as well backing them? One possible way to find this out would be to see the earnings performance of the companies. Data crunching done by ETMarkets showed that 23 companies reported atleast a double-digit year-on-year (YoY) growth in both revenue and profits for three consecutive quarters. And guess what? About seven of them have given multibagger returns year-to-date, and five of them have done that only in FY24. The seven ninjas of Dalal Street are Kaynes Technology, Neuland Laboratories, Wonderla Holidays, Elecon Engineering Co, Safari Industries, Sonata Software, Sanghvi Movers, and Power Mech Projects.

The NSE Nifty index was trading 77.65 points up at 20978.8, while BSE Sensex was up 271.67 points at 69793.36 at the time of writing this report. In the Nifty index, JSW Steel Ltd.(up 3.51 per cent), NTPC Ltd.(up 1.92 per cent), HCL Technologies Ltd.(up 1.77 per cent), Coal India Ltd.(up 1.51 per cent) and Hindalco Industries Ltd.(up 1.38 per cent) were among the top gainers.

HCL Technologies Ltd.(up 1.76 per cent), MphasiS Ltd.(up 1.5 per cent), LTIMindtree Ltd.(up 1.29 per cent), Persistent Systems Ltd.(up 0.81 per cent) and Infosys Ltd.(up 0.78 per cent) were among the top gainers. were the top losers on the index.

Tata Power Company Ltd. traded 0.93 per cent up in Friday's trade at 10:45AM (IST). Around 2,117,761 shares changed hands on the counter.

When employees at fashion giant Shein crowded into an elevator in the company’s Guangzhou office at the end of one workday this summer, no one took notice of Sky Xu. The quiet man in the corner was one of the wealthiest people in China, the driving force behind an app that has quickly become one of the top shopping destinations in the world—and the boss of everyone riding the elevator. With Xu that day was Frances Townsend, a senior adviser to Shein.

release of Google's new AI model Gemini, which has been in the works for some time. It provides credible competition to OpenAI's GPT-4. And when OpenAI releases GPT-5, Google is likely to launch ‘Gemini Ultra’, the most powerful version of its AI model.

household spending has increased for 58% of families, indicating a positive trend in consumption. However, while the overall score dipped slightly from last month, it remains at a healthy +50, showcasing the continued growth in household spending. Spending on essential items, such as personal care and household items, has increased for 49% of families.

EV battery space over the past few months. More so in recent days after the Indian government extended the PLI benefits for additional segments of batteries. The interest in the EV battery segment had also picked up pace after India discovered lithium reserves.

Canada's Immigration Minister, Marc Miller, announced a substantial increase in the financial criteria for international students applying for study permits, emphasising the government's commitment to safeguarding the integrity of the education system, CBC reported. Miller also issued a stern warning, threatening to «significantly limit visas» if provinces and educational institutions fail to take appropriate actions before the upcoming fall term. Do you meet the immigration criteria? Check here The decision also extends the temporary lift on the 20-hour work limit for international students, now extended until April 30, 2024. Miller outlined the government's concerns about potential abuse in the system, targeting both questionable employers and institutions that may not be providing a genuine educational experience, according to Canadian public broadcaster CBC. During a news conference, Miller expressed concerns about certain educational institutions operating as «puppy mills» and emphasised the need to address fraud and abuse within the system. He said, «There are, in provinces, the diploma equivalent of puppy mills that are just churning out diplomas, and this is not a legitimate student experience.» The increased financial requirement for prospective students will be raised to USD 20,635, doubling the longstanding USD 10,000 threshold.

Orchid Pharma with a buy rating, Prabhudas Lilladher has a buy rating on DMart, and a reduce rating on NOCIL. Motilal Oswal maintained a buy rating on Cholamandalam Investment & Finance Ltd. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Investec on Orchid Pharma: Buy| Target Rs 800 Investec maintained a buy rating on Orchid Pharma with a target price of Rs 800.

DLF Ltd. gained 1.24 per cent to Rs 656.8 in Friday's session as of 10:20AM (IST) even as the equity benchmark Sensex traded 300.57 points higher at 69822.26. Earlier in the day, the stock witnessed a gap up start to the session.

The Reserve Bank of India left the inflation aim unchanged at 5.4%. In the August policy, the RBI had raised its FY24 inflation forecast to 5.4% from 5.1%. The Reserve Bank of India's (RBI) Monetary Policy Committee unanimously decided to keep the repo rate- key lending rate- unchanged at 6.5% for the fifth time in a row.

Bharat Forge Ltd.(up 0.73 per cent), Tube Investments of India Ltd.(up 0.65 per cent), Balkrishna Industries Ltd.(up 0.44 per cent), Tata Motors Ltd.(up 0.18 per cent) and Eicher Motors Ltd.(up 0.11 per cent) were among the top gainers. Ashok Leyland Ltd.(down 0.56 per cent), Hero MotoCorp Ltd.(down 0.45 per cent), Bosch Ltd.(down 0.3 per cent), TVS Motor Company Ltd.(down 0.27 per cent) and Bajaj Auto Ltd.(down 0.24 per cent) were the top losers on the index.

Zee Entertainment Enterprises Ltd. traded 3.4 per cent up at Rs 280.75 at around 10:00AM (IST) on Friday. The stock had closed at Rs 271.5 in the previous session.

SK Ghosh, Group Chief Economic Advisor, SBI, says “if you look into the data of the US consumer spending and other data, labour markets are saying house prices are now declining in the US. Taking all these factors into account, I believe that possibly the slowdown in the global economy, specifically the US, at a rate which is larger than anticipated by the market would be the possible source of outside risk for the Indian economy.” What is your view on what is happening to the yield rates globally? 10-year yields are coming down from 5% plus to 4.2-4.3% thereabouts. What is the normalised level world should make do with? Do you think 4.2%, 4.3% is the new normal or is it headed lower? As we have said in our report recently, the outlook on the global economy so far is that the US could be spared a major recession and the growth has been very strong. But beyond these headline growth numbers, the US’ real economy numbers do not look so inspiring at this point of time. The payroll numbers have been revised downwards by eight times in nine months. There have also been some recession indicators showing that the US could be possibly on the verge of a significant slowdown. The only thing which is keeping the US economy headline growth strong is currently the excess savings of $1 trillion the US consumers have built up over the years.

interest rate has been pushed further, as the Reserve Bank of India (RBI) did not cut the repo rate. This is the fifth consecutive RBI Monetary Policy Committee meeting to keep the repo rate unchanged. This pause in repo rate increase started after a significant hike of 2.5% within a short span of 10 months during May 2022 to February 2023. Home loan borrowers have been going through one of the most testing times as they have to pay almost 20% higher EMI than what they were paying just two years ago. When can home loan borrowers expect the interest rate to fall and how can they make the best of any future rate cut?

While banks had raised their fixed deposit (FD) rates, the increases have not been close to the repo rate’s 2.5% rise. The RBI had raised its concerns about a shortfall in transmission in the interest rates. Banks have been facing tighter liquidity conditions and higher credit growth, which have also been pushing the rates up in the short term.

Liechtenstein, died “unexpectedly” at the age of 51 on Tuesday.The Princely House of Liechtenstein announced the sudden passing in a statement Wednesday. The cause of death was not revealed.Prince Constantin was seventh in line for the throne.The prince’s eldest brother, Hereditary Prince Alois, is first in line to succeed their father Hans-Adam II, the reigning Prince of Liechtenstein.