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Subscribe to enjoy similar stories. A United Arab Emirates state-backed company is in talks to invest in OpenAI as part of a multibillion-dollar fundraising round for the startup behind ChatGPT. MGX, which the U.A.E.

Subscribe to enjoy similar stories. Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. The Cabinet announced a slew of schemes ahead of crucial assembly polls, and the price of Brent crude oil fell below $70 a barrel for the first time since December 2021.

IT hardware manufacturers are urging the government to significantly reduce the five-to-six-month certification process for locally-made laptops and notebooks, which they say is hindering production ramp-up under the production-linked incentive (PLI) scheme for IT hardware. Industry executives have informed the Ministry of Electronics and Information Technology (MeitY) about the extended timelines for acquiring BIS (Bureau of Indian Standards) certification. This is due to the mandatory separate tests for battery packs installed on laptops, after running viability tests for making the products with local contract manufacturers. “Currently, because of the requirements of acquiring testing certificates for individual components like the battery pack as well as the laptop as a whole, the whole process takes around 5-6 months, where the products themselves have a shelf life of 8-10 months,” a senior executive at a leading IT hardware brand told ET on condition of anonymity.

WhatsApp voice calling for businesses, GenAI integration, click-to-WhatsApp ads are the next big disruption which will “turbo-charge” the platform’s growth in India, Nikhila Srinivasan, VP Product Management at Meta told ET. After disrupting the SMS channel, WhatsApp is piloting calling functionality for large enterprises, which could cause a channel shift from IVR telephony currently used for customer services. “We look at it differently than traditional calling, and, by the way, calling is something which business users have been seeking from us for long,” Srinivasan said, explaining that WhatsApp users will be able to make outbound calls to customer service agents of businesses in the context of already active chat.

interest rate cut next week, after media reports suggested the decision would be a closer call for officials than previously thought. Traders raised bets back to 39% for a 50-basis point reduction on Sept. 18, according to LSEG data, from about 28% before articles in the Financial Times and Wall Street Journal appeared.

Check out the companies making headlines in extended trading:

The U.S. Federal Reserve's easing cycle will be «mild» by historical standards when it starts cutting rates at its September policy meeting, ratings agency Fitch said in a note.

traffic disruptions. The Meteorological Department has issued an orange alert for the next 24 hours, advising residents to «be prepared» for severe weather. This alert warns of possible disruptions in transport, including rail, road, and air travel, as well as potential power outages. The meteorological department forecasts light to heavy rain continuing in Delhi, with cloudy skies expected on Friday. The maximum temperature will be around 31°C, and the minimum will hover around 21°C. Winds are expected to blow at 25 to 35 km/h. While the rainfall will continue, it is expected to get lighter by the weekend. No rain is forecast from September 15-17, with only light rain expected on September 18.

Social Enterprise category focused on two critical issues plaguing society at large--waste management, which Saahas Zero Waste is trying to solve, and Haqdarshak, which aids citizens in accessing government schemes and benefits. The elite jury voted for Haqdarshak as the winner after two rounds of discussions, weighing in on both the nominees and how they are making an impact on society through their businesses. The Social Enterprise category recognises a startup that best embodies the ‘double bottomline’ model of combining profits and public good.

Kamala Harris has gained a lead over former President Donald Trump following their recent debate in Philadelphia. A new Reuters/Ipsos poll conducted shortly after the debate shows Harris with 47% support compared to Trump's 42%. The debate featured sharp exchanges and personal attacks. Harris questioned Trump's fitness for office and brought up his legal issues. According to the poll, 53% of voters believe Harris outperformed Trump, while 24% sided with Trump. A CNN flash poll indicated 60% of viewers felt Harris dominated the stage. Pundits have declared Harris the winner of the debate. Reuters reports that Harris «put Trump on the defensive with a barrage of attacks on his record and legal woes,» a view supported by 52% of poll respondents who felt Trump struggled to keep up.

Swiss bank accounts as part of an investigation into allegations of money laundering and securities forgery linked to the Adani Group, dating back as early as 2021, citing newly released Swiss criminal court records. However, the Adani Group has firmly rejected and denied the «baseless allegations» presented in the Hindenburg post. In their response, the Adani Group reiterated that their overseas holding structure is transparent, fully disclosed, and compliant with all relevant laws. They also clarified that they are not involved in any Swiss court proceedings, emphasizing that neither their group companies were mentioned in any such court documents nor have they received any requests for clarification. In a post on X on Thursday, the US short-seller said that the probe, which dates back to 2021, has shed light on financial practices involving opaque offshore entities tied to the Indian conglomerate.

interest rates, Goldman Sachs has jumped on the opportunity of predicting a handful of stocks that could end up giving brilliant returns right after the Fed comes to the implementation stage.

BEIJING — China's plan to boost consumption by encouraging trade-ins has yet to show significant results, several businesses told CNBC.

U.S. stocks rose closer to their all-time highs following a couple reports on the economy that came in close to expectations

US Presidential Elections 2024 is currently off the charts and the fact about who the favorite in this election race is, is still unknown, creating severe doubts in the hearts and minds of US investors. Legend has it that the stock markets in the United States hate uncertainty, and a similar condition is being observed in this election season as well, where the slightest development around the US election 2024 is changing the curves of the US markets.

recession in the United States, and the Federal Reserve is trying their best to halt it for as long as possible. Reports suggest that they have gone to the extent of planning an interest rate cut of 50 basis points for stopping the impending recession in its tracks. However, there are multiple other market factors in play, which could bring in a recession or an economic downturn, and the upcoming US elections 2024 could also be one of them.

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...

Last month, the Canadian Bankers Association (CBA) delivered an unusual submission to the House of Commons Standing Committee on Finance.

Kamala Harris has now been accused of donning James Bond-style gear during her latest appearance at the US Presidential Debate 2024, where she was simply outstanding in an open debate against her Republican adversary Donald Trump. It must be interesting to note that she gave Trump the taste of the same medicine that Joe Biden received during his Presidential Debate against Trump.

A strike by the 33,000 factory workers who assemble some of Boeing’s best-selling planes would come as another blow to a company whose bottom line and reputation have taken plenty of hits this year