For all the excitement over the potential impact of generative AI tools like ChatGPT, it is not yet obvious how or when this technology will begin to measurably affect economic activity. Many businesses, especially smaller businesses, are still trying to figure out how to use it effectively.
Vodafone Idea's plans to expand its 4G and launch 5G have encountered issues as financial negotiations with Ericsson and Nokia are stalled due to payment term disagreements. The vendors rejected Vi's cash-and-stock payment proposal. They also expressed concerns about swapping existing Chinese equipment due to potential service disruptions and high costs, although Vi denied these issues.
India's natural gas consumption increased 5.8% YoY in July, while production fell 1.4%. Gas imports increased 14.8%, while NGC's natural gas production fell 3%. Private sector output remained flat.
There was a lot of conjecture after Taylor Swift shocked fans during a London show by playing a song they weren't expecting to hear. Though it might take longer than expected because of recent events, fans are excitedly anticipating the next release.
Recent months have seen several mid-sized global cafes and restaurant brands enter the Indian market or negotiate with local partners, despite declining sales for larger chains. Brands such as Le Pain Quotidien and Laduree are strategically investing in select cities to remain profitable, focusing on niche markets and introducing diverse cuisines.
Iltija Mufti, daughter of PDP president Mehbooba Mufti, was named constituency in-charge for the Bijbehara assembly seat in Jammu and Kashmir. PDP also appointed leaders for seven other segments in south Kashmir. The first phase of the three-phased assembly elections in Jammu and Kashmir will start on September 18.
Smartworks, a flexible workspace provider, has filed for an IPO with SEBI and has entered the international market by leasing 35,000 square feet in Singapore. Keppel, an investor since 2019, invested $29 million in Smartworks, which now has operations in 13 cities with 41 centers totaling 8 million square feet.
The Trinamool Congress called for the CBI to speed up its probe into the alleged rape and murder of a woman doctor at RG Kar Medical College in Kolkata. The case, initially handled by Kolkata Police, was assigned to the CBI by the Calcutta High Court. The party demands swift justice and the death penalty for the offenders.
The NSP had set a target of 300 million tonnes (mt) of crude steel production by 2030. India's crude steel production stood at 143 mt in FY24, a rise of 12.6% from 127 mt in FY23. It has increased by around 42% since the launch of the NSP in 2017 when the country produced 101 mt of crude steel.
Danielle Fishel has been diagnosed with breast cancer, 43-year-old "Boy Meets World" actress has revealed.
Within a day of his appointment, Lt Gen (retd) Jahangir Alam Chowdhury reopened a file of 2009 Bangladesh Rifles mutiny. He might try to blame ousted PM Sheikh Hasina, her family members and India for playing a "role" in the mutiny that led to the killings of several army officers, said the people cited earlier.
Alimentation Couche-Tard made a proposal to acquire Seven & i Holdings, aiming to create the world's leading operator of convenience stores. This preliminary bid remains non-binding, and a special committee will review it. Seven & i's shares surged amid the news, reflecting investor interest enhanced by recent market strategies and weak yen dynamics.
The Ministry of Statistics and Programme Implementation has restructured to improve survey frequency and reduce reporting delays. New Household and Enterprise Survey Divisions have been established, along with state and international cooperation units. The aim is to enhance data quality for policy-making, with plans to increase the periodicity of the Periodic Labour Force Survey data.
Finance Minister Nirmala Sitharaman asked public sector banks to expedite recent budget implementations and enhance deposit mobilization to sustain credit growth. Despite robust credit growth, deposit collection, especially small-scale deposits, was flagged as needing improvement. PSBs showed solid financial performance in FY24 with notable improvements in asset quality, capital adequacy, and profitability.
Kamala Harris's control over inflation was criticized by JD Vance, who made a contentious comparison between her and Jeffrey Epstein. Polls that had Harris ahead of Trump were disregarded by Vance, who claimed they were rigged to undermine Republican turnout and sow division among the electorate.
With this, company registrations saw year-on-year decline in three out of the first four months of this financial year, after a surge to record levels in 2023-14. Nevertheless, the monthly numbers of above 14,000 beat the long-average trend, experts said.
A 20-year-old Dalit nurse was allegedly raped by a doctor after being held hostage in a private hospital. Three people were arrested in connection with the incident. The hospital was sealed after an inspection by the health department. Further investigation is underway, with Police probing the matter.
In India, the June quarter saw stable liquor demand with a decline in brandy and rum consumption. Despite a slight increase in whisky sales, the market faced supply chain disruptions due to elections and higher excise duties in Karnataka. Premium brands continued to show growth, boosted by younger consumers opting for higher-priced options.
Last week, Bangladesh's International Crimes Tribunal also launched an investigation against the former PM and nine others on charges of "genocide and crimes against humanity" during the student protest that led to her ouster. The tribunal is a domestic court that deals with the issues of international crimes such as war crimes and crimes against humanity.
Table Space announced plans to invest $100 million in office buildings, beginning with a ₹450 crore deal for 900,000 square feet of space in Pune. The company, which raised $325 million in 2022, also aimed to acquire additional space, targeting a shift to a 60:40 lease-to-ownership ratio from an initial 80:20 ratio.
The 2024 presidential campaigning has seen Melania Trump mostly absent. Following her husband's defeat in the 2020 presidential contest by President Joe Biden, Melania Trump was rarely seen in public.
The importance of cultivating friendships and non-possessiveness in relationships is paramount. It stressed that making connections and avoiding negative emotions can create a positive environment. The piece also explored how love can turn possessive, leading to relationship issues. Using inclusive language like 'you' and 'we' was recommended for stronger bonds.
A doctor at SMS Medical College in Jaipur alleged that a male colleague threatened her with unspecified harm, citing his political connections. She raised concerns about her safety in a WhatsApp group but declined to file a formal complaint, leaving the college administration to address the issue. Police were notified and are monitoring the situation.
India's road transport and highways ministry planned to create integrated public transport and terminal infrastructure. The initiative aimed at centralising roadways, railways, airways, waterways and ropeways to improve passenger convenience and movement efficiency. Pilot hubs were proposed in Katra, Tirupati, Varanasi, and Nagpur to facilitate this integration and reduce urban congestion.
The Democratic National Convention 2024 is on the cards from Monday and will be one of the most talked about events in US political spectrum this month. The event will see addresses from Kamala Harris, Joe Biden, Michelle Obama and others, and will see the Democrats trying to get back to an advantageous position from recent setbacks. Here is the schedule around the DNC 2024 and how you can watch it live.
