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Markets regulator Securities and Exchange Board of India (Sebi) on Tuesday said that it has decided to relax Know Your Customer (KYC) norms to simplify the risk management framework. The markets regulator issued an updated notification on the master circular dated October 12. “Sebi circular dated October 12, 2023, has specified the Risk Management Framework … Read more
Google unveiled a significant update to its search engine at its annual developers conference, signaling a shift towards favoring artificial intelligence-generated responses over traditional website links. The move, announced on Tuesday, promises to streamline the search process for users while potentially disrupting the flow of internet traffic and revenue for website owners. The revamped search … Read more
GameStop and AMC Entertainment have again captured retail investors’ attention, reminiscent of “the meme stock frenzy” that gripped Wall Street three years ago, following social media posts from the leading figure behind that rally “Roaring Kitty”. Here is what you need to know about the recent surge in meme stocks: Roaring Kitty and his sketch … Read more
Having been introduced on May 1, 2009 for all citizens of India; National Pension System (NPS) has recently completed 15 years of its existence. The Government of India introduced NPS from Jan 1, 2004 (except for armed forces) before rolling it for the general public five years later. The scheme is aimed at providing pension … Read more
OpenAI’s CEO, Sam Altman, highlighted significant elements in the latest version of ChatGPT launched on May 13, underscoring a major leap in AI accessibility for free and interface innovation. Altman shared his insights on his blog following the launch of the latest version of ChatGPT. GPT-4o is an advanced version of the AI technology powering … Read more
Shares of Finolex Industries surged 9.6 percent in intra-day deals on Tuesday to their record high of ₹297.55 apiece after the firm announced its March quarter (Q4FY24) results. The firm posted about a 2 percent year-on-year (YoY) rise in its standalone profit after tax to ₹161.43 crore in Q4FY24 on the back of higher revenues … Read more
In any financial well-being session, the part which gets the audience visibly excited is when the talk on investing begins. This is not surprising because we all want to create wealth, be richer, and have more money to spend. While it’s true that identifying the right type of investment goes a long way in your … Read more
OpenAI, a pioneer in artificial intelligence research, has officially launched GPT-4o, marking a significant leap forward in AI capabilities. The latest iteration of their renowned AI model promises enhanced speed, efficiency, and integration, poised to revolutionize user experiences across text, vision, and audio formats. With the introduction of a dedicated desktop application, users can now … Read more
May 13 – CalPERS, the biggest public pension plan in the United States, is considering voting against ExxonMobil CEO Darren Woods’ re-election to the board amid shareholder discontent over a lawsuit it filed against two climate-focused investors, the Financial Times reported on Friday. Investors led by U.S. activist investment firm Arjuna Capital and shareholder activist … Read more
Sector rotation sounds easy to implement, but it can be a complex undertaking. This is because all sectors in an economy do not perform equally well at any given point of time. Different sectors peak and fall at various stages in an economic cycle. By entering or exiting various sectors at the right time, one … Read more