Like nuclear weapons, AI is concentrated in the hands of the few. In AI's case, tech companies and nations. This is a comparison that is not often talked about. As these companies push the boundaries of innovation, a critical question emerges: Are we sacrificing fairness and societal well-being on the altar of progress?
Chinese regulators are likely to impose a six-month business suspension for part of PricewaterhouseCoopers' auditing unit in mainland China due to its work with troubled property developer Evergrande. The penalties could include a fine of at least 400 million yuan, affecting PwC's securities-related business and clientele in the country.
The company has strategically positioned their new workspaces in prime locations. Awfis Mantri Commerce is located in BTM Layout, and Awfis Vista Pixel is in North Bengaluru, both offering excellent connectivity to major business districts. Additionally, these sites are conveniently close to malls, entertainment hubs, and essential social infrastructure.
A video from Pakistan has gone viral where a train conductor offends a British traveller by calling his wife fat and unhealthy. The incident occurs when the British man introduces his wife to the conductor. The British man decries this behavior as unacceptable hospitality. The conductor later expresses regret for his comment.
A total of 4,155 shares changed hands on the counter till 01:14PM (IST)
So, it looks like there is a long way to go for the market. Yes, in the near term, 25,000 being a psychological level, we may see some profit booking. But eventually, we should be heading towards a target of 25,200 for Nifty, with strong support at 24,400.
This newly raised capital is to fund category expansion, product development through R&D and innovation, diversification of offerings, enhancing market presence, and catering to the evolving needs of the consumer in the home category.
In 2024, smallcap stocks have generally outperformed mid and largecaps, but 278 stocks have lagged behind the S&P BSE Smallcap Index, with share prices dropping by up to 70%. The hardest hit include penny stocks Sanmit Infra, MK Proteins, and Cressanda Solutions, which have seen declines between 51% and 69%, with current prices around Rs 12, Rs 10, and Rs 15, respectively.
Billionaire Gautam Adani plans to hire auditors from a top global firm and appoint a CEO for his family offices to improve transparency and disclosure. This move follows last year’s scrutiny by Hindenburg Research over the group’s opaque operations. Professionals will be hired to oversee shareholding and financial reporting, making the family office fully operational by April 2025.
Lucara Diamond Corp. has discovered a massive 2,492-carat diamond at its Karowe mine in Botswana, one of the largest ever found. Detected using advanced X-ray technology, this gem follows notable finds like the 1,758-carat Sewelo. Although diamond prices are low and market conditions are challenging, this discovery highlights ongoing opportunities in the industry. Lucara’s CEO, William Lamb, praised the find, which strengthens Botswana's role in the global diamond market and supports its economy.
A total of 3,531 shares changed hands on the counter till 01:08PM (IST)
Raamdeo Agrawal, chairman of Motilal Oswal Financial Services, predicts that the Nifty will double to 48,000 in five years due to retail participation and excess liquidity. He cautions against investing in PSUs and IT stocks and urges caution in banking stocks due to issues with credit demand and deposit growth.
The Relative Strength Index of the stock stood at 43.49 on Thursday.
Five people died, and 12 were injured after a tanker and bus collided on National Highway 59 in Odisha's Ganjam district. The incident happened at Samarjhola near Hinjili. Chief Minister Mohan Charan Majhi announced financial aid for the victims' families. The injured were taken to MKCG Medical College and Hospital.
The Supreme Court, led by CJI Chandrachud, addressed alarming delays and procedural lapses in the Kolkata murder-rape case. The unnatural death entry was delayed until night, raising concerns. Kapil Sibal, representing West Bengal, presented a timeline with videography in response to the court's concerns.
Axis Securities has identified select metal and mining stocks with potential gains of up to 21%. The firm’s top picks are Hindalco, Coal India, APL Apollo Tubes, and JTL Industries.
The Relative Strength Index of the stock stood at 38.57 on Thursday.
Walking at least 5,000 steps a day can help manage blood sugar levels by improving insulin sensitivity.
Amit Khurana from Dolat Capital explains that although India's market needs some normalization in the short term, it remains a top emerging market for the long-term. He discusses promising sectors like chemicals and affordable housing finance, assesses Aditya Birla Group's capital practices, and highlights growth potential in banks and consumption sectors over different time horizons.
Promoters held 0.0 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 20.61 per cent and 11.08 per cent, respectively.
TVS Motors introduced the new Jupiter 110, featuring a revamped design and enhanced capabilities including Bluetooth, Voice Assist, and Navigation. This model is priced above the previous version but maintains its 109.7 cc engine delivering 7.7 bhp and 8.8 Nm torque. It competes with Honda Activa 6G and Hero Xoom 110.
Trump, his company and top executives including his sons Eric and Donald Trump Jr "created and used financial statements rife with blatant misrepresentations and omissions to maintain loans worth more than half a billion dollars and to generate over USD 360 million in ill-gotten profits," Assistant Solicitor General Daniel S Magy wrote.
The Bombay High Court inquired if charges under POCSO are filed against a school after a violent incident in Maharashtra. Forty arrests followed protests and stone-pelting. Chief Minister Eknath Shinde ordered a high-level investigation. A state-wide bandh called by MVA is planned for August 24 in response to the incident.
The West Bengal government defended its decision to include 77 castes, primarily Muslim, in the OBC list before the Supreme Court. The government outlined that the inclusion followed a detailed three-tier process involving surveys and hearings. However, the rapid approvals for certain Muslim communities—sometimes within a day of their application—highlighted concerns about the process.
Tom Bickle, an astronomy student in Southampton, discovered a hypervelocity object moving at a million miles per hour. The object, possibly a low-mass star or brown dwarf, could escape the Milky Way. Professional astronomers are investigating its origins, and findings could provide insights into the galaxy's oldest and fastest stars.
