Don’t fight wars of tomorrow with weapons of yesterday. Armies must prepare for future battles
In trying to get everything onto a single platform, the ‘best’ one, we end up getting nothing at all. The best is the enemy of the good. Key Points
ThePrint'Feel confident about India's future when I look at you,' Jaishankar tells students at Miranda House
India's future is bright, says Jaishankar, citing Goldman Sachs data that says Indian economy is expected to grow to 5.5 trillion dollars by 2028 and 52.5 trillion dollars by 2075. Key Points
ThePrintfuture Enterprises insolvency: Jindal (India) emerges as the sole bidder for Kishore Biyani's company, says report
Kolkata-based Jindal's plan was the only one that was submitted to the creditors till last week, as per the report. November 10 was the last date to submit the resolution plans for future Enterprises Limited. Key Points
Business TodayAI has many dangers and could be a threat for the entire human race, says historian Yuval Noah Harari
Historian and author Yuval Noah Harari said that AI could be a threat for the entire human race in future and has "many dangers". He added that global cooperation was needed to "rein in the most dangerous potential of AI". Key Points
India TodayJindal (India) to compete with Reliance Retail for future Enterprises acquisition, submits debt resolution plan: Report
Mukesh Ambani-controlled Reliance Retail is already in the race to acquire the company. Earlier, Reliance Retail had sought time till October 30 to take a call on its bid for future Enterprises. Key Points
Business Today
Jindal India throws its hat in the ring for future Enterprises by submitting debt resolution plan
Jindal (India) has submitted a debt resolution plan for future Enterprises under the Insolvency and Bankruptcy Code (IBC) process. The company will be against Reliance Retail, which has sought time till October 30 to decide if it wants to bid for future Enterprises. Key Points
Economic TimesBe ready for 'massive changes' in ecosystem: SN Subrahmanyan
The future is closer than you think. There are basic and massive changes occurring in the ecosystem, energy change, sustainability as a way of life and digitalisation is impacting every aspect of business. We must be future ready, said S N Subrahmanyan, in his letter to the employees after taking charge of L&T on October 1. Key Points
Economic TimesIndia's Reliance Retail eligible to submit resolution plan for future Enterprises bankruptcy
The retail arm of Reliance Industries (RELI.NS) is among three companies eligible to submit a plan for the debt-ridden future Enterprises (FURE.NS)'s bankruptcy proceedings, Future's resolution professional disclosed in an exchange filing on Wednesday. Key Points
ReutersReliance Retail, Jindal (India) make offers to acquire bankrupt future Enterprises
Future Enterprises have received resolution plans from Jindal (India) Ltd, Reliance Retail Ventures and GBTL Ltd under the corporate insolvency process. The newly appointed resolution professional Avil Menezes disclosed the names of these three entities as a 'provisional list of prospective resolution applicants'. The RP has admitted Rs 12,265 crore of verified claims from lenders and Rs 23 crore of claims from fixed deposit holders. Key Points
Economic TimesComing together of Indian talent and US technology guarantees brighter future: PM Modi at meet of top CEOs
This is a great opportunity to take along President Biden's vision and capabilities and India's aspirations and possibilities, Modi said, thanking the US leader for his presence at the meeting. He referred to the development as honhaar, shandaar, dhardaar in Hindi and said it will pave the way for a new future. Key Points
Economic Times
future Lifestyle gets claims of Rs 2,156 cr from 12 creditors
Future Lifestyle Fashions, a future Group firm that is under insolvency proceedings, has received claims totalling Rs 2,155.53 crore from 12 financial creditors, including State Bank of India. Key Points
FinancialexpressForesight: The mental talent that shaped the world
When humanity acquired the ability to imagine the future, it changed the trajectory of our species. But in the age of the Anthropocene, we need to harness this mental skill now more than ever, say the scientists Thomas Suddendorf, Jon Redshaw and Adam Bulley. Key Points
BBCfuture Retail RP finalises 48 EoIs including RIL, Adani group firms
In the provisional list released on April 8, there were 49 prospective resolution applicants for FRL. Bommidala Enterprises is the entity that did not find a place in the final list released now. Key Points
FinancialexpressThere is a right way to investing always
Those who claim to know what to do are either delusional or deluding others, or both. This means those who freely admit that they have no idea are better off because they actually acknowledge reality and are closer to the right way that you should be investing. Key Points
Economic TimesWhy Ambani and Jindal see future in debt-laden future Group
Kishore Biyani, founder & CEO of future Group, faces the decline of his business empire. Heavy debts, a series of acquisitions, and diversification into non-core ventures contributed to the downfall. Now, Reliance Retail and Naveen Jindal's Jindal (India) are vying to acquire the remnants. Reliance Industries, in particular, stands to enhance its retail footprint and capitalize on India's growing organized retail sector. Key Points
Economic Times
ED raids, multiple run-ins with the law: 10 points on future Gaming as Electoral Bond data shows ₹1,368 crore donation
The Election Commission of India disclosed details on electoral bonds, revealing Coimbatore-based future Gaming as the top donor. 23 companies accounted for half the total value of bonds, with future Gaming and Hotel Services Pvt Ltd emerging as the top buyer. Key Points
mintLok Sabha polls: Can BJP sneak past 60% vote share in Rajasthan?
Even some Congress loyalists don't see much of a future for the party. Booth level workers of the BJP, on the other hand, are a highly motivated lot. | Latest News India Key Points
Hindustan Timesfuture Enterprises' lenders hope for a better future, to restart bidding
FEL used to develop, own and lease retail infrastructure for future Group. It also held the group's investments in subsidiaries and joint ventures including insurance, textile manufacturing, supply chain, and logistics. Lenders are hoping for better valuations for the company because of the stakes it holds in the growing insurance ventures. Key Points
Economic TimesKolkata Police closed 2 cases against future Gaming around the time it donated to TMC via poll bonds
In both cases, lodged in 2019, lottery users accused the firm of misappropriating funds. Police filed closure reports in both even as ED was conducting a money-laundering probe. Key Points
ThePrintAssam to get Rs 25000 crore semiconductor packaging unit
Assam is on the verge of welcoming its inaugural investment in a semiconductor packaging plant valued at approximately Rs 25,000 crore. This was announced by minister for state for electronics and IT Rajeev Chandrasekhar, while speaking at Digital India future Skills Summit' in Guwahati. Key Points
Economic Times
Carrying out feasibility studies for future Chandrayaan missions: Govt
Chandrayaan-3, with lunar lander module Vikram and rover Pragyaan, was launched on July 22. The Vikram lander module had a soft-landing on August 23 and Pragyaan rover left imprints of the national emblem and ISRO's logo on the lunar surface. The experiments were carried out for one lunar day which is equivalent to 14 earth days. Key Points
Economic TimesSee eventual split in platforms for ICE, electric passenger vehicles: Tata Motors' Martin Uhlarik
Tata Motors plans to eventually split the platforms for its conventional engine and electric vehicles to create unique products and fully harness the potential of electric vehicles. The company's Global Head of Design, Martin Uhlarik, stated that electric vehicles developed on traditional platforms are hindered in terms of range and battery layout. Key Points
Economic TimesSpice of Life: A mirror to the past and reflection of the future
Over the years, this historic dressing table has worked overtime to groom all, including our relatives, on Christmas, weddings, and other family functions. Whenever I peer into it, I see my happy past being mirrored. When my son stands in front of it, I see a reflection of the future. Key Points
Hindustan TimesAfter future Retail, now future Enterprises admitted for insolvency
The Mumbai bench of the NCLT has ordered the ‘ordered the commencement of corporate insolvency resolution process’. The firm will now be auctioned in order to recover unpaid dues. Key Points
mintOpenAI CEO Sam Altman shares his thoughts on future of gaming, says it will get unimaginably better
OpenAI CEO Sam Altman is an avid gamer and has talked about his love for gaming in the past. In a recent post, the OpenAI boss said that gaming will get "unimaginably better" in the future. Key Points
India Today
The End of the Covid Emergency Is a Warning
The highest alerts are being unraveled globally. But with some 7 million people dead, there are hard lessons to learn from the pandemic—and a lot of work still to do. Key Points
WIREDAlmost $1.9 billion left in COVID vaccine scheme for future health efforts -Germany
Almost $1.9 billion left in the global scheme to share COVID-19 vaccines more equitably will be used to help prepare for future pandemics and other health threats, said the German development ministry on Tuesday. Key Points
ReutersChinese Minister Qin takes indirect potshots at US; Russia directly
The cold war is resurgent, unilateral protectionism is surging against the current and hegemonism and power politics are on the rise. As an important constructive force in international and regional affairs, SCO should firmly build a closer community with a shared future as the international situation becomes increasingly turbulent, Qin said. Key Points
Economic TimesReliance, Adani among 49 bidders for debt-ridden future Retail
Future Retail, once India's second-largest retailer, was dragged into bankruptcy proceedings by banks after it defaulted on loans and its lenders also rejected a $3.4 billion buyout by Reliance amid a legal challenge by Amazon.com Inc. Key Points
FinancialexpressISRO sets sights on Sun, Venus and Mars: Successful moon landing boosts India's space ambitions
India's space agency, ISRO, is preparing for its next mission to investigate the Sun with the launch of the Aditya-L1 spacecraft. This will be India's first space-based solar observatory and will be positioned in a halo orbit around the Sun. Following the success of the Chandrayaan-3 mission, ISRO Chairman S Somanath expressed confidence in future missions to Mars, Venus, and beyond. The experience gained from probing the Moon's south pole will be valuable in preparing for future interplanetary conquests. ISRO also has plans for a Venus mission in 2024. Key Points
Economic Times
India to seek pharma IPR waiver for future pandemics
India is expected to seek a global patent waiver for vaccines, therapy and diagnostics to tackle future pandemics at a mini-ministerial meeting of the World Trade Organization (WTO) in Paris next month. The move follows a five-year waiver for Covid-19 vaccines, secured in 2022. Officials anticipate an omnibus waiver could expedite the process of dealing with future pandemics. Key Points
Economic TimesMothers Day: 8 tips for new moms to manage financial stability
New mothers should start saving a portion of their salary, ideally around 25%, to assure a secure financial future for themselves and their children. They can channel this saving into ULIPs, mutual funds, and the New Pension Scheme to enjoy their spending and build a nest egg. Additionally, they can reduce debt, get insurance, invest in sovereign gold bonds, diversify their investments, and invest in retirement to ensure financial stability in the long term. Teaching children the value of money, keeping hobbies, and investing in SIPs can also be helpful. Key Points
Economic TimesUPSC cancels Khedkar’s IAS candidature
New Delhi, July 31 The Union Public Service Commission (UPSC) on Wednesday cancelled the provisional candidature of probationary IAS officer Puja Khedkar and debarred her from all future examinations or selections after finding her guilty of acting in contravention of... Key Points
The TribuneUPSC cancels Khedkar’s IAS candidature
New Delhi, July 31 The Union Public Service Commission (UPSC) on Wednesday cancelled the provisional candidature of probationary IAS officer Puja Khedkar and debarred her from all future examinations or selections after finding her guilty of acting in contravention of... Key Points
The TribuneUPSC cancels Khedkar’s IAS candidature
New Delhi, July 31 The Union Public Service Commission (UPSC) on Wednesday cancelled the provisional candidature of probationary IAS officer Puja Khedkar and debarred her from all future examinations or selections after finding her guilty of acting in contravention of... Key Points
The Tribune
US lawmakers call for withholding aid to Pak
Want constitutional order restored. A group of 11 influential US lawmakers have urged the Biden administration to withhold future assistance to Pakistan until Islamabad restores constitutional order and holds free and fair elections, it emerged on Sunday. Key Points
The Tribune IndiaNifty likely to hit 24,000-25,000 by next Diwali, says Vinit Bolinjkar of Ventura; advises adding 10% gold to portfolio
Vinit Bolinjkar, Head of Research, Ventura Securities, sees the Nifty around 24,000-25,000 by next Diwali, which implies a 24-29 percent upside. A decent allocation of 10 percent of the portfolio in gold provides stability, he advised investors. Key Points
mintOpenAI cofounder says humans might become part AI when superintelligent machines rise
OpenAI cofounder Ilya Sutskever says that humans might choose to merge with AI when superintelligent machines rise in the future. And he might even be the first one to do this. Key Points
India Today‘Very optimistic about QUAD future as new way of working more flexible, openminded’: Jaishankar
India and Japan established diplomatic relations in 1952. India, Japan, Australia, US are part of the Quadrilateral Security Dialogue (QSD), commonly known as the Quad. Key Points
FirstpostShe is dead for us, says Indian woman's father after she marries her Pakistani friend
Father of Anju said she had ruined the future of her family, adding that he had no information on whether or not she had converted to Islam. When asked if he would appeal to the Indian government to bring her back, he said he hoped she would die there . The woman's father had previously described her as mentally disturbed and eccentric . Key Points
Economic Times