Abu Dhabi is setting up a technology investment firm targeting deals in artificial intelligence and semiconductors that could surpass $100 billion in assets under management in a few years, according to people familiar with the matter. The company, called MGX, will count sovereign wealth fund Mubadala Investment Co. and AI firm G42 as founding partners. … Read more
Finance Minister Nirmala Sitharaman will present the interim budget at the parliament on February 1. There are less chances of some big announcements or major policy changes because of the upcoming Lok Sabha elections. Also Read: Budget 2024: These are the 6 key Budget promises delivered in recent past The full budget will be presented … Read more
While the allure of zero opening fees might initially seem like a win-win situation, it’s crucial to understand the financial responsibilities that come with managing a demat account over time. Just when you thought you were diving into the world of investing to grow your wealth, along comes the taxman, ready to take a slice … Read more
Credit mix refers to the variety of credit accounts you have on your credit report. These include car loans, credit cards, student loans, personal loans, among others. Having a diverse mix of credit accounts shows to lenders that you can handle different types of credit in a responsible fashion. Impact on credit score Credit mix … Read more
A senior partner from one of the Big Four audit and consulting firms explained the dilemma, noting the rapid pace at which AI skills become obsolete. Skills acquired today might not be relevant in just 18 months, complicating decisions about who should receive training. Moreover, the scarcity of a predefined talent pool means that candidates … Read more
Budget 2024 Highlights: The Budget Session of Parliament commenced on January 31 with President Droupadi Murmu addressing a joint sitting. In her speech, President Murmu expressed confidence in having a positive discussion within the new Parliament building. Highlighting the achievements of the Centre, she noted that nearly 25 crore people have emerged from poverty during … Read more
Bharat Highways InvIT IPO: Bharat Highways InvIT IPO listing date has been scheduled for today (Tuesday, March 12) on the bourses at 10:00 IST. The information on the BSE website states that during Tuesday’s deals, units of Bharat Highways INVIT will list on the BSE and NSE in a special pre-open session. A BSE notification … Read more
A personal loan agreement, occasionally referred to as a personal loan contract, is a legally binding document that delineates the terms and conditions of a loan between a borrower and a lender (such as a bank or credit union). This document essentially details the rights and responsibilities of both parties engaged in the loan. A … Read more
Elon Musk, the CEO of xAI, announced on Monday the open-sourcing of the artificial intelligence startup’s ChatGPT rival, “Grok,” just days after filing a lawsuit against OpenAI, a company he co-founded, for veering away from its original non-profit mission. Musk has been a vocal critic of large technology companies using AI for profit, expressing concerns … Read more
It will also list policy priorities for the National Democratic Alliance (NDA) that is seeking a return to office, two people aware of the budget-making process this year said. These priorities include higher investment in skilling and education, creating more employment opportunities for women, mainstreaming the most backward districts in the country, building on the … Read more