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capital on Monday due to tepid demand from local jewellers and retailers. The precious metal of 99.9 per cent purity had closed at Rs 74,350 per 10 grams in the previous session on Friday. Silver also tumbled by Rs 1,700 to Rs 85,500 per kg due to reduced offtake by industrial units and coin makers, according to the All India Sarafa Association.

education to Indian students for overseas studies, the trust was spending for the charitable purpose of education outside India since the loan was given for spending on education outside India. Therefore, tax exemption was denied to the trust in respect of such loan scholarships given to students.

Worries of being uprooted from their jobs have returned for Laura Dodson and other federal workers, who have long been the economic backbone of the nation’s capital and its suburbs

Artificial intelligence is beginning to allow many employers to automate functions long performed by human workers

Raamdeo Agrawal, Chairman & Co-Founder, Motilal Oswal Group, says there is no quick and easy money in the market. There is a very patient money and there are tonnes of it. But it is not quick money. If you want to turn your Rs 1 crore into Rs 10 crore in 10 years, it is possible. But if you want to turn Rs 1 crore to Rs 2 crore in the next year, that is very tough. You might even lose your 1 crore. Buffett has given a template to the world. Buy a good business run by a decent manager at a fair price. Let us take Raamdeo Agrawal’s portfolio versus Rakesh Jhunjhunwala’s portfolio versus Nemish Shah's portfolio versus Prashant Jain’s portfolio – the big investors. All of them endorse Buffett’s philosophy. But there is nothing in common as far as selection of stocks is concerned. Raamdeo Agrawal: Of course. There are so many good companies. So, everybody approaches good stock portfolios. If there are 100 good stocks, some 20-25 will go to Rakesh, another 25 will go to Nemish bhai, and some 15-20 will come to me or like that. It will get distributed. Some overlap is always there.

Banijay Asia plans to invest $50 million (over Rs 400 crore) in a «first-of-its-kind» reality series tentatively titled 'Race to Space', making it India's most expensive television show, sources close to the development said. The investment will cover the licensing fee to the US-based Space Exploration and Research Agency (SERA) as well as production and talent costs, they added. Industry watchers said 'Bigg Boss Hindi', hosted by Bollywood star Salman Khan, is currently the country's most expensive non-fiction show, with budgets exceeding Rs 150 crore. «Given the scale and scope of the project, this is not just a documentary series or just a reality series — it is a 'space programme',» Banjay Asia CEO Deepak Dhar said. The new reality format will revolutionise competitive reality television and rekindle interest in space exploration, he added. Expressing optimism about the show's success in India, SERA co-founder Joshua Skurla cited the interest in last year's Chandrayaan-3 moon landing live-stream.

northern India. Air pollution is back on the agenda. Last week, the Supreme Court criticised air pollution boards of Delhi/NCR, Punjab and Haryana for being 'ineffective' due to inadequate staffing.

Sudha Murthy on Sunday said although she has read a book set in Parliament way back in the 1980s, about Shyama Prasad Mukherjee, since so much has changed about India and the Parliament since then, that she would not mind writing about it. «Although, I have to finish my term as a Rajya Sabha member first, before I could attempt to do that,» said Murthy on Sunday. Murthy was in conversation with fellow author and actor Twinkle Khanna, at the celebration of the launch of her 300th book title — and 46th book — 'Grandpa's Bag of Stories' here. The event was organised by Bengaluru-based Lit Spirit Foundation. But in her immediate list of wishes is a book on 'shlokas' that her grandfather used to recite, she said.

Wipro Ltd, and Tech Mahindra Ltd have had new bosses within the last two years, whereas Parekh has been at the helm for more than six years and CVK for nearly eight. TCS, India’s largest IT services company, entrusted K. Krithivasan with the top job in June 2023 after Rajesh Gopinathan, who had steered the company for slightly more than six years since February 2017, stepped down.

imports of goods such as umbrellas, toys, certain fabrics, and musical instruments are severely hurting MSMEs as many of these products are also made by domestic businesses, according to think tank GTRI. The report said that during January to June 2024, India exported goods worth only USD 8.5 billion, while imports stood at USD 50.4 billion, resulting in a trade deficit of USD 41.9 billion. This low export and high import makes China India's largest trade deficit partner. «China accounts for 29.8 per cent of India's industrial goods imports. India must invest in deep manufacturing to cut dependence on import of critical industrial products from China,» Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said.

From California to Israel, companies are aiming to grow cocoa beyond the tropics in a bid to buffer chocolate's key ingredient from climate change

marmoset monkeys, native to South America, use specific vocal calls, known as «phee-calls,» to identify and communicate with each other. The study, which adds to existing knowledge of animal communication, was conducted by a team from the Hebrew University of Jerusalem and published in the journal Science. This finding follows earlier research that showed wild African elephants also use name-like calls to address individuals. David Omer, lead researcher from the Hebrew University of Jerusalem, explained that the study recorded natural conversations between pairs of marmosets and interactions between monkeys and a computer system. The researchers found that marmosets specifically used «phee-calls» to address individual members of their group, and these calls were correctly perceived and responded to by the intended recipients. «They (the monkeys) also perceived and responded correctly to calls that were specifically directed at them,» the authors wrote.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

We all had a curious fascination about the sky, stars and astronomy in general before we even knew what astronomy was. Even though ten or twenty years back the resources to get a better understanding about them were limited, it’s not the same case now.

sugar stocks listed on the BSE, 35 closed higher on Friday. Shares of Triveni Engineering jumped 8.6%. EID Parry, Balrampur Chini, Shree Renuka Sugars, Dalmia Bharat Sugar, DCM Shriram, Avadh Sugar & Energy and Dhampur Sugar Mills gained between 1.9% and 7.5% on Friday. The government's notification removes the limit that exists on the diversion of sugar for ethanol production. «Since ethanol is a high-yielding product, this removal of cap would help the sugar mills and distilleries to manufacture more ethanol and improve their revenue mix directly, which will improve cash flows and stabilize the sugar industry,» said T Manish, research analyst, Samco Securities.

equity indices closed at all-time highs on Friday tracking continued gains in the rest of Asia, the market ending on a positive note in August after witnessing sharp swings for most of the month. The Nifty gained 0.3%, or 83.95 points, to close at 25,235.9. The Sensex rose 0.3%, or 231.16 points, to close at 82,365.77. Analysts expect the indices to gain up to another 2% on technical factors but warn against betting on one-sided moves in the near term amid continued concerns that parts of the market might be overheated. The outcome of the rate-setting meetings of US Fed and the Bank of Japan scheduled in September will determine the market direction next month.

funding plans, OpenAI has tapped political veteran Chris Lehane as its vice president of global policy. Lehane held a similar role at Airbnb and served in the Clinton White House as a lawyer and spokesperson who specialized in opposition research. He earned a reputation as «the master of disaster» during his time working for President Bill Clinton. As OpenAI has built increasingly powerful artificial intelligence technologies, it has warned of their potential danger, and it is under pressure from lawmakers, regulators and others across the globe to ensure that these technologies do not cause serious harm. Some researchers worry that the AI systems could be used to spread disinformation, fuel cyberattacks or even destroy humanity.

Artificial intelligence researchers said Friday that they have deleted more than 2,000 web links to suspected child sexual abuse imagery from a database used to train popular AI image-generator tools

Many of today’s middle-class workers are hoping to work past age 65 or never retire – plans that for over half of them are unlikely to pan out.

Bitcoin trails traditional assets in August as the month draws to a close, hampered by ebbing liquidity and lingering worries that governments may sell from their stockpiles of the cryptocurrency.

The Economist has adjusted SIPRI’s estimates for military purchasing-power parity (PPP), with help from Peter Robertson, a researcher at the University of Western Australia. This makes defence budgets comparable with America’s: pay is adjusted for wage differences and operating costs for general price levels. (Equipment costs are left the same, as much of the kit is imported, and its relative quality is hard to judge.) The adjustments show that Ukraine’s budget increases (though not its total budget) will stretch further than Russia’s, for example, even though its budget grew at a slightly slower rate in nominal terms (see chart 1).