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Google’s artificial-intelligence push is turning into a reputational headache. Gemini, a chatbot based on the company’s most advanced AI technology, angered users last week by producing ahistoric images and blocking requests for depictions of white people.

With clouds looming over the commercial real estate market, sales of non-traded real estate investment trusts started 2024 with a downturn, as widely expected, with last month’s non-traded REIT fundraising and sales by financial advisors down 47% compared to January 2023, according to new research by Robert A. Stanger & Co. Inc., which tracks sales of illiquid alternative assets.

Sebi's proposal of allowing mutual fund houses to have a single fund manager to oversee commodity and foreign investments is aimed at reducing the cost of managing the fund, a top official of Anand Rathi Wealth said on Tuesday. Sebi, on Friday, came out with a consultation paper proposing measures to support ease of doing business for Mutual Funds (MFs). In the draft paper, the regulator suggested appointing a single fund manager for domestic and overseas/commodity funds, relaxation of nomination requirement for joint holders and streamlining of prudential norms for passive schemes with respect to exposure to a single issuer within the AMC's group companies. This came after the Finance Minister in the FY24 Budget made an announcement to simplify, ease and reduce cost of compliance for participants in the financial sector through a consultative approach.

CBI director to file a status report in the Embraer aircraft deal corruption case, noting the probe is not complete even after seven years and no purpose will be served to proceed with the trial with a «half-baked case». The agency had filed a charge sheet against arms dealers Arvind Khanna, advocate Gautam Khaitan and businessman Anup Gupta on June 1 last year in the corruption case where kickbacks to the tune of USD 5.76 million were allegedly paid to swing a three-aircraft deal with the DRDO in favour of the Brazilian firm. The court had taken cognisance of the charges against the accused last year, but the trial could not proceed because the CBI did not apprise the court of how much more time was required to conclude the investigation. Underlining that the investigation is not complete even after seven years of registering the case, special judge Gaurav Rao said, «Let a detailed report be filed by the IO (Investigating Officer), duly forwarded by the Director CBI, as to how much time he requires to conclude the investigation as the reports already filed so far are almost verbatim of the previous reports.»

By James Davey

Bristol Myers Squibb aims to expand its research and development presence in India and expects its newly inaugurated Hyderabad facility to become its largest unit outside the U.S. by 2025, CEO Christopher Boerner said on Tuesday. The $100-million facility, inaugurated by Boerner on Monday, is expected to employ over 1,500 employees and will be used to enhance its drug development through the use of digital technologies and artificial intelligence, he said in his keynote speech at the BioAsia conference. Bristol Myers also operates a research and development centre in Bengaluru in partnership with the Biocon Group's Syngene International.

₹567.95. Meanwhile, it has rallied 364 percent in the last 3 years and 416 percent in the last 5 years. An investment of ₹1 lakh in this stock a year ago would have turned into ₹3.54 lakh today.

The captivating trajectory of Tom Steyer’s journey deserves an introduction, especially for those who may not be acquainted with his diverse and accomplished career. Steyer’s tenure at Farallon Capital is truly remarkable. This company rapidly solidified its position as a formidable presence in the industry. 

TV advertising is touted to touch Rs 9872 crore in 2026, up from Rs 4586 crore in 2023, on the back of growing connected TV (CTV) penetration, says a GroupM report titled 'The Changing Landscape of Indian Television'. Addressable TV refers to content that is consumed across on-demand, linear, and live streaming. The report highlighted that the total number of CTV households is expected to grow by 32% to reach over 45 million households by the end of 2024. Furthermore, the report adds that there has been a 117% growth in the number of unique CTV devices from 2022 to 2023.

Reuters, citing Spain's Higher Council for Scientific Investigation (CSIC) said on Sunday, “This discovery demonstrates for the first time that the Highly Pathogenic Avian Influenza virus has reached Antarctica despite the distance and natural barriers that separate it from other continents." CSIC further added that the presence of the virus was confirmed on Saturday in samples of dead skua seabirds that were found by Argentine scientists near the Antarctic base Primavera. Also Read: Bird Flu Outbreak: WHO issues warning after H1N1 strain infects cats in countries.

LinkedIn's new AI feature will make it easier to draft your first message According to the LinkedIn's latest ‘Workplace Learning Report’, companies in India are focussing on enhancing employees’ skills for greater confidence and job security by offering online training and development programmes. As many as 54% of the firms are providing opportunities for hands-on experimentation with Gen AI tools.

tobacco sales for future generations, the government said, even while researchers and campaigners warned of the risk that people could die as a result. Set to take effect from July, the toughest anti-tobacco rules in the world would have banned sales to those born after Jan.

Remote work opportunities for high-wage earners have fallen since the third quarter of 2022, according to a report by Ladders, a career site for professionals in North America. Such listings for jobs that pay at least $200,000 declined to about 1 in 10 by December from 3 in 10 at the end of 2022. And hybrid work listings have also dropped dramatically, to about 3% from 16% at the beginning of 2023. The trend was similar in both technology and non-technology sectors.

equity mutual funds have given mind-boggling returns of over 100 times when held since inception. A lumpsum investment of Rs 1 lakh (which wasn't a small amount in those days) would have turned you into a crorepati in 2-3 decades, an analysis by ETMutualFunds showed. HDFC ELSS Tax saver, the topper in the list, offered 23.71% since its inception. A lumpsum investment of Rs 1 lakh in the scheme would have now been Rs 3.79 crore. The scheme has completed 27.93 years of existence in the market.

Pranav Gundlapalle, Senior Research Analyst, Sanford C Bernstein, says from the bottom that we saw, what is driving the Paytm stock up is incremental news flow confirming that all the problems are restricted to Paytm Payments Bank Ltd (PPBL) and One 97 Communications will continue its UPI payments which is anyway 70% of the payment volumes. As long as that gets resolved and remains unimpacted, there is a significant upside from here. What is it that you make of this last salvo by Vijay Shekhar Sharma stepping down? Pranav Gundlapalle: I think it is again an attempt to distance the 197 entity from the PPBL entity. So in the spirit of maybe being late is better than never, there is an attempt to set that up as an independent entity with limited linkages to One 197 Communications. I think that is the objective.

rural poverty declining to 7.2% from 25.7% in 2011-12 and urban poverty down to 4.6% from a decade ago period, according to the new Household Consumption Expenditure Survey data. SBI Researchers estimated the new poverty line or the basic level of consumption required was Rs 1,622 for rural areas and Rs 1,929 for urban areas. “Rural Poverty has thus staged a significant 440-basis point decline since 2018-19 and Urban Poverty a 170-basis point decline post pandemic….This indicates that many

Sensex dropped 352.67 points to close at 72,790.13, while the Nifty 50 declined 90.65 points, or 0.41%, to settle at 22,122.05. Nifty 50 formed a small negative candle on the daily chart, which indicates follow-through weakness post new high formation. “The market is still placed in a broader range movement and one may expect buying to emerge from the lower levels.

Sensex dropped 352.67 points, or 0.48%, to close at 72,790.13, while the Nifty 50 declined 90.65 points, or 0.41%, to settle at 22,122.05. “Globally investors would take cues from macro data releases lined up during the week. Overall, we expect the market to consolidate at higher zones while following global trends," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

Day trading guide for Indian stock market today: On account of weak global market sentiments, the Indian stock market ended lower on Monday. The Nifty 50 index lost 90 points and closed at the 22,122 level, the BSE Sensex dipped 352 points and ended at the 72,790 mark whereas the Bank Nifty index corrected 235 points and closed at the 46,576 level.

Russia is close to creating cancer vaccines, says President Putin Animal studies are completed successfully, with clinical trials planned. The IIT-Madras researchers are currently working on addressing the safety and cost issues which are major challenges in the existing cancer medicines.

Indian Oil State-run Indian Oil has cancelled the tender for setting up the first green hydrogen plant at the company's Panipat Refinery and Petrochemical Complex in Haryana.