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India's telcos have set 3-year deadline to grab a 10% share of all future 6G-related global patents filings and also make a sixth of contributions towards development of global telecom standards. The proposal came up during a meeting of the telecom department's advisory panel with telcos that was chaired by communications minister Jyotiraditya Scindia Friday. «India has already taken various initiatives like launch of Bhart6G Vision and Bhart6G Alliance, patent and IPR support framework, commissioning of testbeds, and the country can aspire for achieving 10% of all 6G patents and 1/6th contributions to global standards promoting India's needs,» the communications ministry said in a statement Saturday.

“The time has come for policy to adjust,” Fed Chair Jerome Powell told an annual gathering of global policymakers and economists in Jackson Hole, Wyoming, all but committing the US central bank to lowering rates when officials meet in September.

drone strike in northwestern Syria on Friday killed a Saudi militant from an al-Qaida-linked group as he was riding on a motorcycle, the U.S. military and a war monitor said. The strike in the Jabal al-Zawiya area of the opposition-held Idlib province was carried out by a U.S.-led coalition that was established years ago to fight the militant Islamic State group. The U.S. military has carried out a series of attacks over the past several years targeting al-Qaida-linked militants in northwestern Syria.

Meta said on Friday it had identified possible hacking attempts on the WhatsApp accounts of U.S. officials from the administrations of both President Joe Biden and former President Donald Trump, blaming the same Iranian hacker group revealed earlier this month to have compromised the Trump campaign. In a blog post, the parent company of Facebook, Instagram and WhatsApp described the attempt as a «small cluster of likely social engineering activity on WhatsApp» involving accounts posing as technical support for AOL, Google, Yahoo and Microsoft. It blocked the accounts after users reported the activity as suspicious and had not seen any evidence suggesting the targeted WhatsApp accounts had been compromised, it said.

stabbing attack at a festival on Friday night in the western German city of Solingen, police said. They said that at around 10 p.m. (2000 GMT) a single, unidentified man attacked multiple people and that the perpetrator was still at large. «It tears my heart apart that there was an attack on our city. I have tears in my eyes when I think of those we have lost,» Solingen Mayor Tim-Oliver Kurzbach said in a statement. «I pray for all those who are still fighting for their lives.»

India's flexible inflation targeting has been a useful tool to deal with unexpected shocks of various kinds, said Jayanth Varma, the Monetary Policy Committee's (MPC) consistent dissenter who attended his last meeting as an external member in August. Since his first meeting at the Reserve Bank of India's rate-setting panel four years ago, Varma's view on interest rates and monetary policy stance has diverged from the consensus opinion. At a time of accommodative monetary policy after the pandemic outbreak, Varma had argued for normalizing the policy stance.

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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...

Chair Jerome Powell said the time has come for the Federal Reserve to cut its key policy rate, affirming expectations that officials will begin lowering borrowing costs next month and making clear his intention to prevent further cooling in the labor market.

Congress high command threw its weight behind Karnataka chief minister Siddaramaiah over land allotment controversy and termed it as a BJP plot to destabilise the state government. Siddaramaih and deputy chief minister DK Shivakumar travelled to Delhi on Friday afternoon for a meeting with Congress president Mallikarjun Kharge, Rahul Gandhi and senior party leaders to discuss political developments in Karnataka. This was their second visit to Delhi within a month. Emerging from the meeting, Congress general secretary Randeep Surjewala told reporters that this was BJP's ploy to target their "Dalit chief minister". «We stand behind our chief minister and stand united,» said Surjewala. The meeting came amid a controversy over land allotments in Mysuru to Siddaramaiah's wife. On August 16, Karnataka Governor granted sanction to three private individuals to file a police complaint against the CM and others.

Starbucks' incoming CEO Brian Niccol will have more power than his predecessor. Niccol, who is leaving Chipotle Mexican Grill, will become CEO and chairman the moment he joins Starbucks on September 9. By contrast, Laxman Narasimhan spent more than five months as the CEO-in-training under company patriarch Howard Schultz and he never took on the board chairman position. Only after an intense period of shadowing Schultz did he gain the ability to set the company's strategy. The vastly different handovers underscore the two executives' contrasting resumes-Narasimhan had no restaurant experience while Niccol has spent 20 years as a leader at Chipotle and Yum! Brands.

index provider FTSE on Friday announced changes to its All-World Index where 13 Indian stocks were included. The index saw the most number of additions from India followed by six stocks from Taiwan, two from Korea and Hong Kong and one from Australia. The inclusions were Bank of Maharashtra, Bharat Dynamics, Central Bank of India, Cochin Shipyard, Endurance Technologies, Escorts Kubota, GE T&D India, Hitachi Energy India, Housing And Urban Development (HUDCO), IRB Infrastructure Developers, KEI Industries, Lloyds Metals and Energy and Motilal Oswal Financial Services.

Oil prices rose more than 1% on Friday as U.S. Federal Reserve Bank Chair Jerome Powell signalled interest rate cuts would be among the central bank's priorities in the coming months. Brent crude futures rose by $1.27, or 1.63%, to $78.49 a barrel at 9:50 a.m. CDT (1450 GMT), while U.S. West Texas Intermediate (WTI) crude futures rose $1.33, or 1.81%, to $74.34.

Federal Reserve Chair Jerome Powell said on Friday «the time has come» for the U.S. central bank to cut interest rates as rising risks to the job market left no room for further weakness and inflation was in reach of the Fed's 2% target, offering an explicit endorsement of an imminent policy easing. «The upside risks to inflation have diminished. And the downside risks to employment have increased,» Powell said in a highly anticipated speech to the Kansas City Fed's annual economic conference in Jackson Hole, Wyoming. «The time has come for policy to adjust. The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks.» Referencing the two goals that the Fed is tasked by Congress to achieve, Powell said his «confidence has grown that inflation is on a sustainable path back to 2%,» after rising to about 7% during the COVID-19 pandemic, while unemployment is increasing.

mutual funds have filed draft documents with Sebi in the last one week to launch eight new funds. Axis Mutual Fund has filed draft for two funds, WhiteOak Capital Mutual Fund, Groww Mutual Fund, ICICI Prudential Mutual Fund, Edelweiss Mutual Fund, LIC Mutual Fund, and 360 One Mutual Fund have filed for one fund each.

target for monetary policy rather than switching to core inflation, external members of the central bank's rate panel told Reuters. A suggestion was made in the government's official annual economic report last month to target inflation excluding volatile food prices, which are driven more by supply shortages. The idea has ignited a debate in India over the appropriate target for monetary policy. India adopted the inflation targeting framework in 2016, setting a 4% headline inflation target for the central bank's rate setting panel.

Fed Chair's speech at Jackson Hole Symposium, where investors will look for cues on rate cut trajectory in the near future. US Fed chair Powell will speak at the event later on Friday, addressing central bankers across the world at 10 am Eastern Daylight Time (EST). In India, this comes to about 7:30 pm Indian Standard Time (IST).

Australia's Federal Court ruled on Friday that the operator of the Kraken crypto exchange failed to comply with the design and distribution obligations for its margin trading product, Australia's corporate regulator said. Bit Trade Pty is the operator of the Kraken crypto exchange, one of world's largest cryptocurrency exchanges, in Australia. In September 2023, the Australian Securities and Investments Commission (ASIC) initiated civil proceedings against Bit Trade alleging that Bit Trade, a subsidiary of U.S. Payward Incorporated, failed to make a target market determination for the product before offering it to customers, despite being notified of concerns.

silver September futures contracts were trading at Rs 83,979/kg, up by 0.29% or Rs 243. Prices of gold have dipped by Rs 400/10 gm in the last 3 days while silver has fallen by Rs 750 per kilogram.

«The S&P is still above 5600, has rebounded almost every single thing that it has lost that day. So, I think the more that we get clarity on this type of data, then the more that we are going to see markets factor in more than 100 basis rate cuts by the end of the year,» says Nadia Elbilassy, Sr Market Analyst, Equiti Group. Now, dovish minutes really coming in from the Fed, decreased risks to inflation, labour markets are also at a better place is a sense that seems to be coming out. So, are the markets then factoring in one cut and what do you really make of the minutes? Nadia Elbilassy: Yes, markets are pricing in by 60% that we are going to see a 25 basis point rate cut in September and 30% 50 basis point. So, there is still a division, but it is definitely lower than the past few months, especially after the very weak NFP payrolls that we saw.

FSN E-Commerce Ventures, the parent company of the beauty brand Nykaa, have recently seen a sharp rally as the stock surged 20% in one month, of which 11% surge took place in just the last week. Investor enthusiasm was also fueled after the company reported a Rs 13.64 crore profit in the first quarter ended June 2024, displaying a 152% YoY jump. The revenue from operations for the reporting quarter stood at Rs 1,746.11 crore, which was also up by 23% from Rs 1,421.82 crore reported in the corresponding quarter of the previous financial year.