ANI
Market capitalisation to GDP: Is the Buffett ratio giving us any signal?
The Buffet Ratio measures whether stock markets are overvalued or undervalued. Many countries, including the USA and Japan, have experienced periods of overvaluation. India has seen significant growth in its market cap, raising concerns about potential overvaluation. However, structural changes and policy shifts in India might justify this growth.
Manipur: NPP asks its members not to attend any meeting called by CM N Biren Singh in future
The National People's Party (NPP) in Manipur has instructed its members to boycott meetings called by Chief Minister N Biren Singh, demanding his replacement as a condition for continued support to the government.
Govt's import curbs to impact any industry: HPE's Antonio Neri
Houston-based HPE has been part of the US-India commercial engagements, pushing to get the right balance in regulation. The global edge-to-cloud company works in servers, storage, networking, containerisation software, consulting and support.
Delhi HC issues notice to OpenAI as ANI sues ChatGPT co
The Delhi High Court is reviewing a case filed by news agency ANI against OpenAI, alleging the company used ANI's content without permission to train its AI chatbot, ChatGPT. ANI also claims ChatGPT fabricated news stories and attributed them to the agency. A judge has asked OpenAI to respond to the accusations, with a follow-up hearing scheduled for January 28.
Majority of steel imports under FTAs, making any duty hike ineffective, says steel secy
India's steel industry is grappling with a surge in imports, primarily from countries with free trade agreements (FTAs). These duty-free imports constitute a significant portion of total steel imports, rendering tariff adjustments ineffective in curbing the influx. Despite increased demand, the surge in imports has led to a supply glut, impacting domestic steel producers.
Equity mutual funds deliver up to 55% return in one year. Do you own any?
ETMutualFunds analyzed 261 equity mutual funds and found that some have delivered impressive returns, with up to 55% growth in the past year. The top performers include Motilal Oswal Midcap Fund, which gained 54.94%, Invesco India Focused Fund with 49.56%, and Bandhan Small Cap Fund with 49.26%. These funds stand out for their strong one-year returns.
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Indian news agency ANI sues OpenAI for unsanctioned content use in AI training
Indian news agency ANI has filed a lawsuit against OpenAI in a New Delhi court, alleging that the ChatGPT creator used its content without permission to train its AI chatbot. ANI claims OpenAI fabricated news stories and attributed them to the agency. OpenAI maintains that its use of publicly available data is protected under fair use principles.
"Don't have any policy updates to speak" US on allowing Ukraine to strike Russia
The US is declining to comment on reports that President Biden has authorized Ukraine to strike targets within Russia using long-range missiles. The Kremlin called the reported decision "a qualitatively new round of escalation", while the US accused Russia of escalating the conflict by recruiting North Korean troops.
Indian IT sector to see subdued growth in Q3, recovery likely in Q4
The IT sector is expected to witness subdued growth in the third quarter of FY25, primarily due to seasonal factors, according to a report by Centrum.
Charlie Munger's wisdom: These eight commandments of investing are worth more than any billion-dollar fortune
Munger¡¯s advice on making ¡®well-calculated bets¡¯ when the odds are in your favour has helped reshape the way many think about portfolio management. It¡¯s not about diversification for its own sake, but about loading up when you find rare, exceptional opportunities. As he noted, ¡®It¡¯s hard to find a good business at a great discount.¡¯ This is precisely why you should act decisively when you do.
Indian economy well placed to handle any kind of spillovers from global events: RBI Guv
RBI Governor Shaktikanta Das stated that the Indian economy and financial sector are in a strong position. India's external sector is robust, and the current account deficit remains manageable. Das highlighted India's significant foreign exchange reserves. He acknowledged the presence of inflation but expressed confidence in its moderation.
Any party joining hands with Congress is doomed: Rajnath Singh
Rajnath Singh, Union Minister, stated that the Congress is in decline and its allies in Maharashtra will face consequences. He expressed confidence in the victory of the BJP and Mahayuti coalition in the Maharashtra assembly elections. Singh highlighted the BJP's success in Haryana and the positive impact of Prime Minister Modi's leadership.
Hezbollah says Israeli army 'unable' to occupy any Lebanese villages
Hezbollah claims it has successfully repelled Israeli attempts to occupy villages in southern Lebanon after 45 days of conflict. Despite Israeli ground operations and airstrikes, the group asserts it maintains control and has even targeted Tel Aviv with Iranian-made missiles. While ceasefire discussions involving international actors are reportedly underway, Hezbollah maintains readiness for a protracted war.
Wikipedia faces legal challenge: Is it a publisher or an intermediary?
The government has issued a notice to Wikipedia, questioning its intermediary status and suggesting it should be considered a publisher. This follows complaints about potential bias and inaccuracies on the platform, along with a legal battle with Asian News International (ANI), which accuses Wikipedia of defamation and spreading propaganda.
Centre puts Wikipedia on notice for alleged bias amid ANI tussle
The Indian government has issued a notice to Wikipedia, questioning its intermediary status and suggesting it should be considered a publisher. This action follows complaints about potential bias and inaccuracies on the platform, alongside an ongoing legal dispute with ANI, a news agency that claims Wikipedia is being used as a government propaganda tool.
Canada Temple attack: Police did not make any arrangements, alleges VHP International Prez Alok Kumar
The Vishva Hindu Parishad expressed concern over a recent attack on a Hindu temple in Canada, criticizing Canadian police for inadequate security measures despite prior warnings. The incident, involving Khalistani extremists, disrupted a consular camp organized by the Indian consulate, raising concerns about the safety of Indian nationals and highlighting a growing trend of religious intolerance.
Not just any old warehouse
For brands that don't have their own brick-and-mortar stores, logistics is destiny -- the difference between maintaining or losing customers.
We have such a relationship that I felt you don't need any translation: President Putin to PM Modi
Russian President Vladimir Putin joked that PM Modi does not need a translator, underscoring their close relationship. The leaders met on the sidelines of the BRICS Summit, where they discussed issues of mutual interest. PM Modi highlighted India's new consulate in Kazan and spoke about India's commitment to BRICS cooperation.
Uttarakhand: AIMM chief Owaisi lashes out at ultimatum to Muslims to leave Chamoli by Dec 31
AIMIM President Asaduddin Owaisi criticizes the Uniform Civil Code in Uttarakhand, alleging discrimination against Muslims. He highlights threats against Muslim families in Chamoli and fines for landlords renting to them. Former Uttarakhand CM Harish Rawat calls the UCC a promotional tactic lacking substance.
Samsung says won't take any action against workers who merely participated in strike
Samsung India expresses gratitude to the Tamil Nadu government for mediating the resolution of a 37-day strike at its Chennai plant and announces no repercussions for participating workers. The trade union CITU's decision to end the strike follows comprehensive discussions and Samsung's commitment to worker welfare.
Adityanath meets Bahraich violence victim's kin, says culprits will not be spared at any cost
Uttar Pradesh Chief Minister Yogi Adityanath termed the death of a 22-year-old man in Bahraich communal violence as 'unfortunate' and assured that the culprits will not be spared. The Chief Minister met the victim's family in Lucknow, emphasizing the government's commitment to justice.
Gandhi believed non-violence was greatest force available to humanity, more powerful than any weapon: UN chief Antonio Guterres
UN Secretary-General Antonio Guterres emphasized Mahatma Gandhi's principles of non-violence and equality amidst global conflicts. He urged collective efforts to build institutions supporting Gandhi's vision. The International Day of Non-Violence event reaffirmed Gandhi's values and their continuing relevance in today¡¯s turbulent world.
Can't call any part of India as Pakistan: SC
The Supreme Court of India has stated that referring to any part of the country as 'Pakistan' undermines India's territorial integrity. This remark came during a hearing involving Karnataka High Court judge V Srishananda, who had previously referred to a Bengaluru locality as 'Pakistan'. The judge has since apologized for his comments.
Dairy is sensitive sector; no plans to open up in any FTA: Piyush Goyal
Commerce and Industry Minister Piyush Goyal stated that India will not provide duty concessions in the dairy sector under any Free Trade Agreement due to its sensitivity involving small farmers' livelihoods. Despite recent trade agreements with Switzerland, Norway, and Australia, the dairy sector remains protected. Goyal emphasized mutual understanding of sensitivities in ongoing CECA talks with Australia.
NITI Aayog lays out a blueprint for pandemic preparedness to tackle any Covid-like outbreak in future
Dr Renu Swarup-led expert panel set up for the purpose has proposed enacting a new Public Health Emergency Management Act (PHEMA), setting up of a special pandemic preparedness and emergency response fund and creating an institutionalized empowered governance mechanism to tackle public health emergencies in future. The idea is to put in place an emergency response which begins action on day zero and gives the required results to have disease prevention, mitigation and control in place within 100 days of the outbreak.
Delhi HC issues contempt notice to Wikipedia, warns of blocking website in country
The Delhi High Court has warned Wikipedia that it could be blocked in India if it does not comply with local laws. The court issued a contempt notice after Wikipedia failed to provide details on subscribers who edited the page of news agency ANI, which had filed a defamation suit against the platform.
Now, EPS pension can be withdrawn from any bank
The centralised pension payment system (CPPS) approved by Labour and Employment Minister Mansukh Mandaviya will allow 7.8 million Employees' Pension Scheme subscribers to withdraw their pension from any bank branch across India starting January 1, 2025. This initiative aims to enhance ease of living and reduce pension disbursement costs for the Employees' Provident Fund Organisation (EPFO).
Delhi: President delegates LG power to constitute any authority or statutory body, appoint members to boards
President Droupadi Murmu has delegated powers to Lieutenant Governor Vinai Kumar Saxena to appoint members to various authorities, boards, and commissions in Delhi. This move, announced by the Ministry of Home Affairs, could lead to tensions with the Aam Aadmi Party government. Additionally, the President has sanctioned the constitution of the 23rd Law Commission of India, which will function from September 2024 to August 2027 and focus on legal reforms.
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