The Federal Reserve's potential rate cut influenced global markets. Yen support affected Tokyo's Nikkei; Australia's S&P/ASX reached a record high. Taiwan Semiconductor fell. Trump's assassination attempt caused volatility. The S&P 500 and Dow Jones rose. Oil prices remained stable. The 10-year Treasury yield dropped amid strong retail sales. September rate cut probability and short-term bond yields are notable.
The two countries have traded barbs repeatedly over jurisdiction in the contested South China Sea as the Philippines, emboldened by support of defence ally the United States, challenges China's permanent presence around strategic features inside Manila's exclusive economic zone.
Paris Mayor Anne Hidalgo will fulfill her pledge made in January to swim in the Seine River, showcasing its improved cleanliness before the 2024 Olympics, joined by Tony Estanguet and Marc Guillaume. Extensive investments have prepared the river for the Games, including infrastructure upgrades and a ban lifted after a century. Despite past unfulfilled promises, Hidalgo's swim marks a significant event ahead of the upcoming Summer Games.
Globally, however, AI startups have been defying the ‘funding winter’ plaguing startups post pandemic. In the US, for instance, AI startups received $27 billion in funding in April-June, accounting for nearly half of all startup funding in the country during that period, data showed. AI startups for the first time became the largest segment during that quarter, as per Crunchbase.
Artificial intelligence (AI) company Tredence is also recruiting for innovative roles to meet clients’ growing needs in GenAI while launching a GenAI upskilling program to prepare professionals for upcoming client projects. “While North America has been pivotal in our growth journey, we are excited about the immense opportunities in India, Europe and the Middle East,” said Tredence CEO Shub Bhowmick.
Arka Fincap, part of the Kirloskar Group, announced a partnership with Central Bank of India to offer MSME loans. Under this co-lending arrangement, Arka will originate and process loans while Central Bank will fund 80%. Arka aims to grow its book to Rs 7500 crore by FY25, focusing on MSME lending.
Zomato saw Rs 635 crore in block deals with buyers like Societe Generale, Morgan Stanley, and Axis Mutual Fund, while Motilal Oswal sold 2.84 crore shares at Rs 226.85 each. Their platform fee rose to Rs 6 per order. Shares hit a 52-week high of Rs 232 but dropped 4.71% to Rs 218.35 with past platform fee increase details.
Zomato saw Rs 635 crore in block deals with buyers like Societe Generale, Morgan Stanley, and Axis Mutual Fund, while Motilal Oswal sold 2.84 crore shares at Rs 226.85 each. Their platform fee rose to Rs 6 per order. Shares hit a 52-week high of Rs 232 but dropped 4.71% to Rs 218.35 with past platform fee increase details.
Ambani wedding: Isha Ambani saved the best for the last at Anant Ambani and Radhika Merchant's wedding reception.
Iran rejected "malicious" accusations by US media of plotting to kill former President Donald Trump, following reports of heightened protection due to alleged threats. The US National Security Council revealed tracking of Iranian threats against former officials, linked to revenge for the 2020 killing of a Revolutionary Guards commander. Iran's UN mission dismissed the accusations as "unsubstantiated and malicious," while expressing determination to prosecute Trump for Soleimani's assassination.
Arunachal Pradesh Chief Minister Pema Khandu emphasised that hydropower is crucial for revenue generation, projecting a potential increase from Rs 500 crore to over Rs 1000 crore in 5-10 years through successful project execution. He called upon Community Based Organizations to assist in self-sustenance efforts, highlighting the importance of inclusive governance and the need for local consent in hydropower project implementation. Khandu also advocated for high-end tourism development to boost state-owned resources... Читать дальше...
Royal Enfield launches the Guerrilla 450 in Barcelona, featuring three variants from Rs 2.39 lakh. Sharing the Sherpa 450 cc engine with the Himalayan, it sports a modern-retro design, alloy wheels, and advanced tech like LED lights and Google Maps navigation. With a 452 cc engine delivering 40.02 PS, it aims to excel in performance and appeal to motorcycle enthusiasts.
ITR filed by CA without password sharing: There is a way you can file ITR without sharing your e-filing ITR password with a chartered accountant (CA). This option is called e-Return Intermediaries (ERIs) and Cleartax, Tax2Win, EY, etc are all authorised as ERIs and thus can help you file ITR without sharing the e-filing portal password.
Boon, a watertech startup which specialises in remote water purifying, monitoring and dispensing products, has secured $5 million in funding led by Roca Group Ventures, a Spanish group, for which this is the first investment in India.
As the global population rapidly increases and concerns over food security grow, generative AI and large language models hold the promise of revolutionising contemporary agriculture in a world affected by climate change. Cropin technology integrates generative AI with four decades of climate data, environmental data, and knowledge graphs to analyse each crop on a country-specific basis.
These cars were attached and in possession of the Directorate of Enforcement (ED) in a money laundering case linked to the Rs 200 crores extortion case.
Pratt & Whitney announced a new Customer Service Centre (CSS) in Bengaluru, part of its India Capability Centre, to support 68,000 engines globally. The CSS will offer MRO support, spare part management, engine leasing, and reliability analysis. Employing over 150 experts, it aims to enhance global service and operational excellence.
Infosys Ltd is anticipated to show solid sequential revenue growth in Q1 of June 2024, fueled by large deals. Net profit expected to rise by 6% year-on-year. Key areas of interest include deal TCVs, pricing, attrition, and growth/margin outlook. Analysts offer positive forecasts for Infosys performance.
Six, including an Indian national, four Pakistanis, and one policeman, were killed in an Islamic State attack near Muscat's Shia Imam Ali Mosque, injuring 28 others. Oman's Foreign Ministry reported the incident on July 15. The Indian Embassy expressed condolences and offered assistance. Security forces killed three attackers in the al-Wadi al-Kabir area. Shia are a minority.
Tech giant Google has now unveiled Gemma2, the next generation of its open models for AI innovation, released to all developers. It features improvements in performance along with built-in safety advancements. It's available in both 9 billion and 27 billion parameter sizes, optimised by Nvidia to run on next-gen GPUs.
By reintroducing infra bonds with tax benefits in Budget 2024, the government can ensure that municipalities receive money for much-needed infrastructure development and that more money is in citizens' hands through tax savings.
The Namakkal commission ordered Rasipuram surgeon Dr. Ramesh to compensate M Raja 12 lakh for a 2021 botched hernia surgery. CO2 shortage caused anaesthesia to wane, nurses pinned Raja, leading to an infection from sub-standard mesh, requiring a second surgery. Raja, unable to eat post-surgery, filed a petition in September 2022.