North Korea threatened to enhance its nuclear capabilities and retaliate against the US and South Korea for allegedly planning an invasion This comes following the authorisation of joint nuclear deterrence guidelines by President Biden and South Korean President Yoon. The guidelines aim to strengthen their response to North Korea's nuclear arsenal. North Korea warned of severe consequences if its enemies continue provocative actions, emphasising the need to bolster its nuclear deterrent readiness.
President Joe Biden's administration and lawmakers from both parties have promoted stricter oversight of the tech industry recently. US antitrust authorities plan to investigate the roles of Microsoft, Nvidia, and OpenAI in the AI boom, with the Department of Justice probing Nvidia and the Federal Trade Commission scrutinising Microsoft and OpenAI partnerships.
In a significant relief for Mumbai residents, the new Goregaon-Mulund Link Road Project (GMLR) will be inaugurated by Prime Minister Narendra Modi on Saturday. This project is expected to cut travel time between the two areas to just 25 minutes. During his visit to Mumbai, Prime Minister Modi will also launch and dedicate various projects worth over Rs 29,400 crore at a ceremony at the NESCO Exhibition Centre in Goregaon.
ETMarkets highlighted eight stocks from the BSE200 that showed consistent price increases throughout these last five sessions.
Congress general secretary K C Venugopal accused the Modi government of targeting his phone with spyware. He vowed to oppose the breach of privacy, sharing Apple's warning message. Venugopal slammed the government for unconstitutional actions against political opponents, emphasising people's rejection of attacks on the Constitution. Apple's message detected ongoing global mercenary spyware attacks, cautioning targeted users in 98 countries. Venugopal said he would to fight against such breaches of privacy.
According to the Electric Power Research Institute, a nonprofit research firm, at 2.9 watt-hours per ChatGPT request, AI queries require about 10 times the electricity of traditional Google queries. Data centres have continuously grown for decades, but the growth in the still-young era of large language models has been exceptional.
The Centre expanded J&K Lieutenant Governor's powers over police, services, and prosecutions via a Home Ministry amendment to the Kashmir Reorganisation Act. Congress claims this delays statehood. Jairam Ramesh cited consensus for statehood post-2019 bifurcation and Article 370 abrogation. Supreme Court mandated Assembly elections by September 30, 2024 through new sections expanding the LG's remit.
A notice has been issued to a private firm in Gujarat's Bharuch district after a chaotic scene at walk-in interviews for 40 vacancies, where nearly 800 aspirants turned up, leading to a stampede-like situation due to mismanagement. The company conducted the recruitment drive without informing the employment office, prompting an inspection and the issuance of a notice by authorities,. It has sparked a political debate between Congress and BJP.
Himachal Pradesh Congress president Pratibha Singh claimed that anger among the electorate against Independent MLAs who vacated their seats to join the BJP led to her party's win in the Dehra and Nalagarh bypolls. The Congress won the Dehra assembly seat with Kamlesh Thakur, the wife of Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu, defeating BJP candidate Hoshiyar Singh by a margin of 9,399 votes.
A court in Pakistan acquitted former Prime Minister Imran Khan and his wife on Saturday of charges related to unlawful marriage, according to his lawyer, Naeem Panjutha. The ruling was made in the garrison city of Rawalpindi.
Political parties in Jammu and Kashmir, including NC, PDP, Apni Party, and Congress, oppose granting more powers to the Lt Governor. Omar Abdullah and Mehbooba Mufti stress statehood and elections. Vikar Rasool Wani calls it democracy's murder. Tanvir Sadiq criticizes the BJP-led move, affecting police and officer transfers, questioning promises post-Kashmir Reorganisation Act.
India hosts the World Audio Visual and Entertainment Summit (WAVES) in Goa from November 20-24, alongside the International Film Festival of India (Nov 20-28). Announced by I&B Minister Vaishnaw and CM Sawant, it aims to improve IP rights, industry collaboration, and networking in the USD 27.5 billion media sector.
Delhi Police files 600 daily FIRs under BNS, leading to 22 arrests on average. From July 1-10, 6,334 FIRs were filed. BNS mandates videography via e-Pramaan, introduces harsh penalties, and targets criminal gangs. Public awareness campaigns educate citizens. FIRs are filed under BNS and IPC, with BNS being primary. Improved resolution rates mark success.
India and Pakistan will face off in the final of the World Championship of Legends at Edgbaston Stadium on July 13. The match, which will feature iconic cricketers like Yuvraj Singh, Suresh Raina, and the Pathan brothers, will be broadcast live on Star Sports and Fancode. The Indian squad includes Yuvraj Singh, Suresh Raina, and the Pathan brothers, while Pakistan's squad includes Younus Khan, Shahid Afridi, and Shoaib Malik.
The week broadly witnessed a range bound movement for both the indices but the prices are comfortably placed above the 10 day EMAs on a weekly time frame. The 50 component Nifty index ended Friday with gains of 0.8% or 186 points at 24,502 while Bank Nifty closed flat with a gain of 0.02% or 8 points at 52,278.
A 15-year-old boy allegedly killed his 16-year-old friend in Sector 40, Gurugram, due to jealousy and possessive love. The boy wanted his friend to pursue a relationship with a girl they both knew. The boy's anger was fueled by the victim's insults and interference in his relationship. The victim, a school dropout, was found dead with stab wounds.
Government has denied an extension to BSNL CMD P K Purwar, who has been in office since July 2019. The Department of Telecom may assign the additional charge to Robert J Ravi, a seasoned Indian Telecom Service officer and Deputy Director General, who earlier served as BSNL's additional general manager for six years.
The Gaza Health Ministry reported 71 fatalities and 289 injuries from an Israeli strike in Khan Younis, with many taken to Nasser Hospital, where over 40 bodies were counted. The attack's impact on the humanitarian zone Muwasi is unclear, as the coastal enclave shelters displaced Palestinians who fled violence. A recent Hamas attack prompted Israeli military actions, resulting in high casualties and mass displacement.
It was after a long period of time that IT stock made a comeback on Friday as reflected in the top gainers list which was dominated by IT stocks. Now the question is whether it is another false start or the Q1 results from TCS and HCL tech are reflecting the fact that the street has been more pessimistic on the sector than it was required. The answer to this would be clear in another couple of days, but the way they have been performing, there is a higher probability of it being more sustainable this time. Читать дальше...
The Supreme Court reaffirmed the autonomy of the Central Information Commission, stating that its ability to frame regulations for bench constitution falls within the RTI Act. Upheld overturning of Delhi High Court verdict on CIC's powers. Emphasized the need for independence to maintain integrity and efficiency in administrative systems.
Contribution from General Merchandise and Apparel continued to improve during the quarter and this is reflected in the gross margin uptick (Q1 FY 2025 vs Q1 FY 2024). Operating costs have gone up due to continuing effort on improving service levels and building capability for the future
The week also witnessed a jump in tea and rice stocks given the rising prices due to heat and flooding for the former and easing of export restrictions for the latter.
