The landscape of the other AI war is set to change

The landscape of the other AI war is set to change

In recent weeks, some of the best-known players in artificial intelligence have intensified their efforts to gain dominance in the AI space. Anthropic, a startup backed by Google and Amazon, launched Claude 3 Opus. Google launched Gemini, but is back to the drawing board after facing complaints. Meta is spending billions to create AGI, or … Read more

ICICI Securities wants to delist. Why are mutual funds buying its shares?

ICICI Securities wants to delist. Why are mutual funds buying its shares?

Interestingly, these funds bought ICICI Securities shares at a premium to the value of ICICI Bank shares they will get in exchange, if the delisting of ICICI Securities goes through. For every 100 shares of ICICI Securities, shareholders will get 67 shares of ICICI Bank, translating to a share swap ratio of 0.67. However, throughout … Read more

What is the taxability for inherited assets?

What is the taxability for inherited assets?

I inherited ₹20 lakh in cash and two house properties. Subsequently, I gifted ₹10 lakh in cash and one house to my maternal aunt residing in South Africa. Do I need to pay income tax on the entire inheritance, or only on the remaining amount after allocating my aunt’s share? Additionally, should I declare this … Read more

Industry welcomes govt’s move to amend GenAI advisory

Industry welcomes govt's move to amend GenAI advisory

NEW DELHI : The government’s move to amend its 1 March advisory mandating companies developing GenAI- and AI-based tools and features to take explicit government consent before releasing them in the market was welcomed by industry players, as they wouldn’t now need to take any permissions. The amended advisory was issued on 15 March, which … Read more

Stocks to buy: These 5 stocks could jump up to 40% in 1-2 years, says Pankaj Pandey of ICICI Direct

Stocks to buy: These 5 stocks could jump up to 40% in 1-2 years, says Pankaj Pandey of ICICI Direct

However, the long-term outlook of the market remains positive as India is expected to witness strong economic growth in the coming financial year as well. Also Read: Indian stock market remains attractive, say experts, suggest stocks to buy for long term Recently Fitch Ratings has raised its forecast for India’s economic growth to 7 per … Read more

Guy Ritchie’s The Gentlemen on Netflix: 2 key money lessons to learn from the series

Guy Ritchie’s The Gentlemen on Netflix: 2 key money lessons to learn from the series

What if you inherited a home, a title and all the underhanded business that has been going on for years? You’ll do everything to get out of the shady business innit? So a British peacekeeping soldier Edward Horniman (played by the handsome Theo James, whom you last saw in The White Lotus) loses his father … Read more

India’s AI leap: bridging the gap

India’s AI leap: bridging the gap

The Cabinet meeting of 7 March, chaired by the PM, which approved the comprehensive national-level IndiaAI mission with a budget outlay of ₹10,371 crore, should allay the fears. The money allocated to help build the all-critical GPU infrastructure through a public-private partnership model addresses the infrastructure gap that many feared would hold back India’s AI … Read more

Lok Sabha Elections 2024: Indian bourses likely to remain shut on Polling Day in Mumbai

Lok Sabha Elections 2024: Indian bourses likely to remain shut on Polling Day in Mumbai

Lok Sabha elections 2024: The Indian stock markets are expected to remain closed on May 20, 2024, the scheduled date for Lok Sabha elections in the financial capital Mumbai and several other constituencies across the country, as per a report by Moneycontrol. Although there has been no official confirmation from the stock exchanges yet, a … Read more

Most unresolved investors’ complaints belong to venture capital funds, Sebi data shows

Most unresolved investors' complaints belong to venture capital funds, Sebi data shows

In the month of February, there were 5,371 pending investors’ complaints at the start of the month, data released by the markets regulator Securities Exchange Board of India (Sebi) reveals. A total of 4,761 complaints were received in the month of February on SCORES platform out of which 4,471 were disposed as on Feb 29, … Read more