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Mint breaks down why India is unhappy with the Chinese vessel making its way through the Indian Ocean to the Maldives. On Monday, news surfaced that a Chinese research vessel, Xiang Yang Hong 3, will be visiting the Maldives in the coming weeks. The vessel had earlier requested permission to visit Sri Lanka but this was denied.

Going to School, a not-for-profit education trust, brought together twenty-three women entrepreneurs from marginalised communities in Mumbai and Bengaluru to present startup ideas that can help address climate change.The initiative, named Pitch It, is akin to the popular show, Shark Tank which involved startups and entrepreneurs pitching their business models before industry veterans to onboard them as investors.With the guidance of the Youth Venture Fund, the project has J.P. Morgan offering support by creating a pipeline of skilled women entrepreneurs and Deutsche Bank providing access to startup grants.

rupee was largely flat on Wednesday despite broad weakness in its Asian peers, with traders expecting the local currency to trade in a tight range through the day.

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government will marginally bring down the gross borrowing to Rs 15.3 lakh crore in FY25, as it pegs the fiscal deficit at 5.5% of the GDP in the interim budget, SBI researchers said Wednesday. “We believe in FY25, net market borrowing of the Centre will be around Rs 11.7 lakh crore, and with repayments of Rs 3.6 lakh crore, gross borrowings are expected to be at Rs 15.3 lakh crore. However, the Government will adjust in switches, and this could adjust gross borrowings lower than Rs 15 lakh crore,” the researchers said. They also noted that there might be adjustments to the fiscal deficit in July when the new government releases its full budget. “The final budget to be presented in July could set it at a lower level of 5.3%-5.4% depending on GDP numbers that will be released in May 2024,” it said, noting that government will continue to rely on small saving schemes for financing of fiscal deficit. The government has set a target of bringing down the fiscal deficit to 4.5% of GDP by FY26. “It can give a hard push to Sukanya Samriddhi Yojana through encouraging fresh registrations in a mission drive mode, allowing one-time registrations for all leftover cases up to 12 years,” they said. SBI researchers noted that the government will likely be able to achieve its fiscal deficit target of 5.9% in FY25.

State-backed Russian hackers breach Microsoft's email system, says tech giant According to a report by The Information, Microsoft has formed a new team to develop conversational AI that requires lower processing power compared to OpenAI's technology. The report also notes that Microsoft has moved several top developers from its research group to the new-Gen AI team.

₹8,680 crore, which is less than one percent of the industry's total equity Assets Under Management (AUM), highlighted brokerage house Fisdom Research in a recent note. In the note, Fisdom Research has delved into the mutual fund landscape, examining which Asset Management Companies (AMCs) maintain Zee Entertainment in their portfolios and those that have chosen to remain underweight in the wake of these developments.

Netflix registered its third-consecutive quarter of accelerating subscriber growth in the final three months of 2023, closing out a comeback year that included a crackdown on viewers freeloading on the video-streaming service and a smattering of price hikes.

Buy or sell stock: Birlasoft shares witnessed strong buying interest during ealy morning deals at the Indian stock market. The multibagger IT stock opened upside and went on to touch an intraday high of ₹814.90 apiece on NSE within a few minutes of stock market's opening bell. However, Birlasoft share price missed by a whisker to breach its lifetime high of ₹817.90 per share.

Google is now adding 3 new generative AI-powered features to its Google Chrome web browser for Mac and Windows to make searching the web easier, safer and more accessible. Also Read | Gmail's new AI-backed feature will allow you to draft an email using just your voice. Here's how it works While informing about the new features in a blogpost, Google wrote, “We're introducing experimental generative AI features to make it even easier and more efficient to browse — all while keeping your experience personalized to you." Google Chrome's 3 new Gen AI features: The new feature automatically suggests and creates tab groups based on the tabs that are open.

Pramod Amthe, Head Of Institutional Equity Research at InCred Capital believes there could be a muted allocation for the infra sector in the Budget, but there could be announcements for the next five years which can provide the roadmap for the sector. He expects the government to focus on defence, new energy incentives and EVs (electric vehicles). In an interview with Mint, Amthe also shared his views on markets and his expectations from the Q3 earnings of Nifty companies.

OpenAI's ChatGPT and Google's Bard, which can perform a variety of tasks with a single text prompt, these fears have become even more profound. What's more worrying is that even the creators of these technologies, such as OpenAI's Sam Altman, have previously suggested that the job market is unlikely to stay the same as generative AI technology improves.

A rapidly changing global environment, certainly, can impose a strategic necessity in reinventing bilateral, regional, and global relationships. At the same time, the evolving nature of foreign policy itself constantly reassesses relationships to maximize national interest. In other words, the forging and enhancement of relationships is not solely driven by externally imposed compulsions.

Netflix has registered its third-consecutive quarter of accelerating subscriber growth in the final three months of 2023

The Maldives government has confirmed giving clearance to a Chinese ship to dock in its port, a move which could further irk India with whom the tiny archipelago nation is involved in a diplomatic spat

Joe Biden won an unusual Democratic write-in vote in New Hampshire's primary election on Tuesday, an important display of political strength, despite his name not being on the ballot. Edison Research projected Biden the winner over two Democrats whose names were actually on the ballot — U.S. Representative Dean Phillips of Minnesota and self-help author Marianne Williamson.

selloff that sent benchmark indices tumbling 1.5%, reflecting the impact of persistent stock sales by overseas funds amid hardening bond yields in the US, the world's biggest market for pricing both debt and risk assets alike.

Want to take exposure to a sector which grows much faster than GDP

India remains the top choice for Japanese manufacturing firms looking to invest abroad, Itagaki Shinichi of the state-owned Japan Bank for International Cooperation (JBIC) said in an interview. Itagaki, who directs JBIC’s strategic and geopolitical research, said political pressures and negative images had made China less attractive for Japanese firms, benefiting India. Itagaki said the proportion of Japanese companies with business plans in India has jumped from around 35% in 2021 to 45.8 in 2023, according to a JBIC survey of Japanese manufacturing enterprises conducted in 2023.

Shares of companies with higher foreign ownership have slumped of late as renewed outflows from overseas investors have put the spotlight on these stocks. With the deadline for foreign portfolio investors (FPIs) to comply with the beneficial ownership norms around the corner, analysts said sentiment in several such stocks is jittery.

In another pro-tech initiative, the United Arab Emirates (UAE) President Sheikh Mohamed bin Zayed Al Nahyan has announced the creation of an Artificial Intelligence and Advanced Technology Council (AIATC).