AI in Washington’s crosshairs but consensus far from certain
Some proposals focus on AI that may put people's lives or livelihoods at risk, like in medicine and finance. Other possibilities include rules to ensure AI isn't used to discriminate or violate someone's civil rights. Key Points
The Indian ExpressCareer Wrap: The evolution of hiring and firing in 2023 and beyond
2023 job market was extremely dynamic - the domestic tailwinds slowed marginally by global headwinds created an interesting environment for both HR heads and job seekers. The year witnessed a paradigm shift with strong ‘back to office signals from tech giants and polarized debates around work hours per week. Key Points
Economic TimesApple’s $2 billion fine marks a new dawn for antitrust regulation
The EU has taken a welcome lead in taking on digital dominance. Spotify’s row with Apple over its App Store led to the penalty. Key Points
mintPM Modi: Global framework must to ensure ethical use of AI, counter crypto threat
PM: Global framework must to ensure ethical use of AI, counter crypto... Key Points
The Tribune IndiaIndia has adopted a holistic approach towards conservation: Environment min at COP28
India has adopted a holistic approach towards conservation. We are not just focused on reducing emissions to tackle temperature rise, but are also working towards arresting land degradation, accelerating ecosystem restoration and enriching biodiversity, he said. Key Points
Economic Times
How to achieve child education goals in a challenging world with soaring costs
Parents have a daunting task in their hands when it comes to achieving the education goal of their children. While there involve multiple complexities in it which even get accentuated by a greater degree of uncertainties, higher volatility and soaring cost of education. However, the goal can be achieved if one follows a prudent and structured approach. We have taken a holistic view and tried to ascertain the possible challenges, the silver linings from the methodical financial planning techniques which create the opportunities to overcome these challenges and finding the multiple ways to fulfill the dream of achieving a child’s education goal. Key Points
Economic TimesNo structural breakdown yet in small and midcap indices: Anand James
The gap between largecaps and small and mid cap indices is widening, but no structural breakdown has occurred. IT stocks, except for TCS, are in a downtrend. Tata Steel shares hit fresh 52-week highs. A largecap route is a more broad based one, while smaller cap approach is often in search of superlative returns, and provides a larger universe to pick. This advantage stays with the smaller market capitalized segment. Key Points
Economic TimesEngland cricket must ditch Bazball arrogance. It has no place on Indian pitches
Bazball destroyed England’s greatest batter in this series. Joe Root scored a brilliant hundred in fourth Test match only when he shunned the illogical Bazball approach. This should be lesson enough. Key Points
ThePrintFM Nirmala Sitharaman attends RBI Board of Directors meeting
Union Finance Minister Nirmala Sitharaman attended a meeting with members of the Central Board of Directors of the Reserve Bank of India (RBI) on Saturday in New Delhi. The meeting took place after the Union Budget 2024-25 and subsequent passage of the finance bill in the Lok Sabha, along with some government-moved amendments. Key Points
Economic TimesPrioritise, don't tick all boxes
Countries aim to achieve UN SDGs but struggle due to lack of focus. Malawi prioritizes tablets for learning, India uses class shuffling, and Colombia focuses on literacy. Ghana digitizes revenue, and e-procurement reduces corruption for efficient governance. Key Points
The Economic Times
An AI failure database can help foster innovation safety
Experimental technologies thrive on a 'culture of failure' as that’s how we learn from mistakes. We can mitigate AI risks by recording and analyzing mishaps. This is how aviation grew safer. Key Points
mintWe need to change our approach to market this year onwards. Nimish Chandan explains why
Nimesh Chandan, CIO of Bajaj Finserv Asset Management, believes that the markets have reached fair and higher than reasonable valuations. A change in approach is necessary, and investors should look for bargains in undervalued areas. The paint industry is experiencing an influx of new players, which may impact existing players' market share and valuations. Key Points
Economic TimesCan Kerala's antibiotic abuse project inspire India's antimicrobial resistance fight?
In 2019, nearly 300,000 deaths in India were due to AMR. Over 1 million deaths were linked to drug resistance, making infections more challenging to treat. Kerala initiated an AMR action plan in 2018. However, analysts say that Kerala’s approach might not be directly applicable to other states, where access to antibiotics is itself an issue. Key Points
Economic TimesBudget 2024: Hand on the gear, getting ready to thrust ahead
The interim budget signifies a departure from sector-specific handouts, prioritizing fiscal consolidation with a lower-than-expected fiscal deficit. The focus remains on increased capital expenditure, innovation, and entrepreneurship support, green initiatives, tourism promotion, and ongoing reforms. The budget reflects a holistic approach to empower all sections of society for sustainable growth, creating a robust foundation for India's development. Key Points
Economic Times'Viratball' vs 'Bazball': Sunil Gavaskar feels Virat Kohli could be the difference in India vs England Test series
Cricket News: Sunil Gavaskar believes that India has 'Viratball' to counter England's 'Bazball' tactics in the upcoming Test series. With Virat Kohli's consistent performance, Gavaskar sees him as the difference maker. Find out more about the venues, rankings, and the challenge England's aggressive approach may face against Indian spinners. Key Points
Times Of India
US seeks collaboration with China with eye on national security: Yellen
"We know the US-China relationship is among the most consequential in the world," Yellen told an event in Washington. "We need to get it right." | World News Key Points
Hindustan TimesWhy has this fund manager always been a midcap and smallcap investor?
Aequitas Investments, a small and mid-cap investor, is still finding companies in the small and midcap sector with inexpensive valuations and continues to invest in them. While there is froth in the small and mid-cap space, there are still pockets with attractive valuations. Aequitas Investment's small-cap strategy has been the top performer in September, driven by long-term calls in sectors such as infrastructure and manufacturing. Thematic funds focused on India's growth story are expected to do well, but it is important to enter at the right stage Key Points
Economic TimesRBI has taken a pragmatic approach on repo rate: EEPC India chairman
The RBI has underlined the daunting challenges faced by the global economy and its impact on India. The current business environment necessitates stability in finance costs, especially for exporting community, and calls for measures to reduce them. Key Points
Economic TimesNational Australia Bank to change home loan refinancing criteria
National Australia Bank (NAB) (NAB.AX) on Friday said it would refresh its approach to like-for-like refinancing criteria to help customers who would otherwise fail to meet an industry standard that assesses their ability to repay loans. Key Points
ReutersWhat is Bazball? 5 things about the concept that has taken ENG cricket by storm
Bazball is not just a set strategy that England follows. It is an approach which comes with a mindset which Bairstow best described it as "freedom". | Cricket Key Points
Hindustan Times
Markets gain more than 1% helped by easing slowdown concerns
The Sensex ended the day up by 1.16% while Nifty was up 1.08% Key Points
mintIs this the end of binge-watching?
Streaming platforms in India are releasing new series in batches, with weeks or months between releases, rather than all at once for binge-watching. Proponents of the staggered approach say it helps build and maintain audience engagement over time for a show. Also, streaming platforms have adopted this strategy to retain subscribers and spread out expenses. Key Points
Economic TimesAmazon CEO says invention happens when employees work from office, asks people to return office in May
Amazon CEO Andy Jassy has said in his letter to shareholders that invention happens when employees work in person and that working from home is not the best approach if one wants to achieve the best results. So, the company has asked people to return to office in May this year. Key Points
India TodayHow Shilpa Shetty Kundra went from a global reality television star to a business magnate-Entertainment News , Firstpost
She has been able to propel her consumer-product endeavours with relatability and presence. Despite being a successful entrepreneur, her name remains in demand among brands. Key Points
FirstpostIndia remains a globally attractive destination for investment due to structural reforms, says FM Sitharam
India's structural reform approach has allowed it to remain a globally attractive destination for investment and well-positioned in the global economy for steady acceleration in growth, according to Union Finance Minister Nirmala Sitharaman. She added that the approach made it possible for the country to remain resilient amidst tightening financial conditions and pandemic-induced economic setbacks, selecting a cautious route, which allowed them to implement structural reforms using a calibrated approach. Sitharaman noted that India is better placed now with muted spillover effects from stressed financial conditions in the West, and the INR remains stable relative to its counterparts. Key Points
Economic Times
Swarup Mohanty on art of rebalancing a well diversified portfolio
Rebalancing an investment portfolio at specific periodic levels is more favourable than buying and holding because it offers a sustainable process that can approach the volatility and the upsides and downsides of the market unemotionally through a mathematical approach, according to Swarup Mohanty, CEO, Mirae Asset Investment Managers (India). Investors should review and rebalance their portfolios periodically, and rebalancing can help maintain the actual asset allocation closest to their risk profile, he said. Key Points
Economic Times100 industrial clusters identified for infrastructure development
This is in sync with Prime Minister Narendra Modi's vision of 'area-based' development approach. The number of such clusters will go up as we move ahead, Sumita Dawra, special secretary in the Department for Promotion of Industry and Internal Trade (DPIIT), told reporters here on Thursday. Key Points
Economic Times