Government advisory alerts users about Meftal's risks: Here's everything you need to know about it
The Indian Pharmacopoeia Commission's advisory alerts users about Meftal's dangers, specifically its active ingredient mefenamic acid, linked to severe allergic reactions like DRESS syndrome. This syndrome, a type 4 hypersensitivity reaction, causes skin issues, fever, and organ abnormalities. Meftal's risks extend to stomach ulcers, bleeding, and kidney problems with prolonged use. Users are urged to consult doctors, avoid self-medication, and prioritize safety, emphasizing informed decision-making when considering this widely used painkiller. Key Points
Economic TimesTime to be selective? 6 largecap stocks from different sectors with upside potential of up to 33%
While some of the headwinds which Indian markets have been facing might have receded, some of the risks which are specific to India are still very much there. One being the state election result and second one being valuation being at a very high level. In such conditions, it would still be better to stay focussed on large caps as they have more ability to weather the storms which come unannounced. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market. Key Points
Economic TimesSiemens, Ericsson warn EU cybersecurity rules may disrupt supply chains
Electronics makers Siemens (SIEGn.DE), Ericsson (ERICb.ST) and Schneider Electric (SCHN.PA), along with industry group DigitalEurope warned on Monday that onerous proposed EU rules targeting cybersecurity risks of smart devices could disrupt supply chains on a scale similar to during the pandemic. Key Points
ReutersWorld Powers Say They Want to Contain AI. They’re Also Racing to Advance It
The US, China, and others signed a declaration coordinated by the UK warning AI could be “catastrophic.” Yet none seem to be suggesting development of the technology should slow down. Key Points
WIREDU.S. debt investors as climate-focused as European peers, survey finds
U.S. asset managers factor greenhouse gas emissions and other climate risks into their debt investment decisions as much as peers in Europe, according to a survey released on Tuesday, despite the Republican campaign against climate-focused investing in the United States. Key Points
Reuters
Most teams in this IPL are taking risks and it is coming off: Rohit Sharma
Chasing a stiff 200-run target set by Royal Challengers Bangalore, MI on Tuesday romped home in 16.3 overs. Key Points
The Indian ExpressNations sign declaration on AI in UK; recognise some risks as ‘catastrophic’
India, China, USA, UK and 24 other nations along with the European Union have recognised that some risks associated with artificial intelligence (AI) could be “catastrophic”. The signatories of the Bletchley Declaration have resolved to “work together in an inclusive manner to ensure human-centric, trustworthy and responsible AI that is safe” at the UK’s AI Safety Summit. | World News Key Points
Hindustan TimesLenders facing known and unknown challenges, need agile responses: Bank chiefs
HSBC India CEO Hitendra Dave said though technology has made banking easier, the risks are sometimes unknown. He cited the example of the ransomware attack on the world's largest lender by assets Industrial and Commercial Bank of China (ICBC) earlier this month which forced the bank to re-route trades using spreadsheets stored on portable drives and accessing the internet using dongles. Key Points
Economic TimesEscalation of war may knock off next year’s growth forecast: World Bank chief economist
The World Bank has forecast India to grow by 6.3% for FY24, projecting strong investment to drive growth, in its latest update released last week. South Asia is expected to grow by 5.8% this year — higher than any other developing country region in the world. Key Points
Economic TimesTaking risk and understanding risks are two different things: 5 smallcap stocks from different sectors
Risks are higher, but desire to own them is at the highest. This probably explains the current state of relationship between the small cap segment of the market and investors. One of the reasons for it could be the recent performance of small caps and the kind of return they have delivered in the last eight months. This has brought them in the category of stocks where the desire to own them is “highest”. But the fact which gets ignored in such conditions is that “risks” are also higher. Especially the market liquidity risk and the risk of corporate governance being thrown out of the window. There are many risks which are being ignored and largely because of one reason, the narrative and price action on the street. So, while you take risks, understand the risk and try to manage the risk. Key Points
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India says risks weigh on FY24 growth forecast, but macros stable
There are risks to India achieving its real growth forecast of 6.5% for the financial year that started April 1, partly due to a rise in oil prices and troubles in the global financial markets, the government said on Tuesday. Key Points
ReutersParis says 2024 Olympics will be the greenest in history. Here’s how it’s preparing
Planning the ‘most sustainable’ games will mean limiting emissions to around 1.75 million tonnes of CO2. Key Points
ThePrintFitch 'neutral' on China, flags realty risks
China's economic growth will moderate to 4.6% next year from 5.3% in 2023, the ratings agency said in a Wednesday report titled Greater China Outlook 2024. While a greater usage of fiscal policy will limit downside risks, Fitch noted such supports may keep fiscal deficits wide at a time when the country's fiscal metrics have already eroded compared to peers with similar sovereign ratings. Key Points
Economic TimesSome people are getting emotionally attached to the voice mode in ChatGPT 4o
OpenAI released a safety analysis, highlighting the newly found risks in ChatGPT 4o Voice mode. This document describes safety testing procedures, and highlights the measures being taken by the company to minimise and manage possible risks associated with GPT 4o. Key Points
India TodayAn 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
mint
Sam Altman's ouster from OpenAI has brought AI safety back into the spotlight
The technology as pessimists see it could deal civilization a decisive blow. AI can’t be stopped or slowed down at this stage, but we could yet make it safer. Key Points
mintElon Musk expected to attend global AI summit in UK this week: Report
Britain is bringing together representatives of AI companies, political leaders, and experts on Nov. 1-2 to discuss what some see as the risks posed by AI. Key Points
Hindustan TimesWhite House unveils wide-ranging action to mitigate AI risks
U.S. President Joe Biden will take wide ranging action on artificial intelligence (AI) on Monday by seeking to increase safety while protecting consumers, workers, and minority groups from the technology's related risks. Key Points
ReutersGoogle CEO Sundar Pichai speaks about employees joining OpenAI, says ‘some of them come back’
Google CEO Sundar Pichai discussed employees leaving for rival companies, the need for cost-cutting, and the risks of AI, including bias and misinformation. Google plans to cut 6% of its workforce due to investor pressure amid the pandemic. Key Points
mintA ‘Godfather of AI’ Calls for an Organization to Defend Humanity
Yoshua Bengio’s pioneering research helped bring about ChatGPT and the current AI boom. Now he’s worried AI could harm civilization and says the future needs a humanity defense organization. Key Points
WIRED
A ‘Godfather of AI’ Calls for an Organization to Defend Humanity
Yoshua Bengio’s pioneering research helped bring about ChatGPT and the current AI boom. Now he’s worried AI could harm civilization, and says the future needs a humanity defense organization. Key Points
WIREDInflation, wars creating risks not seen since WWII: JPMorgan CEO
The United States’ most influential banker, JPMorgan Chase CEO Jamie Dimon, told investors on Monday that he continues to expect the US economy to... Key Points
The Tribune IndiaSignificant headwinds continue to prevail : RBI flags trade risks yet again
The Reserve Bank of India (RBI) has highlighted the challenges faced by Indian trade, citing a contractionary zone in PMIs for new export orders in December.The RBI also noted that retail inflation in India has gradually descended closer to the target, despite growth beating expectations. The central bank attributed India's growth to strong domestic demand. Key Points
Economic TimesFederal Reserve still sees significant inflation risk that may merit more rate hikes, minutes show
The response in financial markets to Fed minutes was muted, with Treasury yields little changed and U.S. stocks slightly extending earlier losses. Investors in contracts tied to the federal funds rate are betting heavily that the Fed won't raise its policy rate again during the current tightening cycle. Key Points
Economic TimesRBI deputy governor flags business risks for NBFCs
Addressing a NBFC summit organised by the Confederation of Indian Industry (CII) Rao said though total assets of NBFCs have increased to 18.7% of the banking sector assets from 13% a decade ago, there are certain risks in their business models or balance sheets which need to be monitored for necessary actions. Key Points
Economic Times
Top 8 threats to the global economy in 2024: A pessimist’s guide
The Middle East conflict, with the potential to choke off oil flows and push inflation higher, poses a risk to global growth. This conflict could escalate tensions in the Red Sea and draw Iran deeper into the fighting. The Federal Reserve's pivot to rate cuts could be burned by a supply shock from the Middle East or looser financial conditions. Europe faces the risk of a deep recession as the European Central Bank and Bank of England conclude their tightening cycles. The global economy could be impacted by the wobbling of the world's second-largest economy, China, and the potential loss of control of the yield curve in Japan. Ukraine's failure to counter Russia could have implications for the US as a reliable ally. Key Points
Economic TimesRBI flags contagion risk, says stress in NBFC sector assessed to be higher than in March 2023
The Reserve Bank of India (RBI) stated in its Financial Stability Report that while macro stress tests show banks would comply with minimum capital requirements under severe stress scenarios, the non-banking financial company (NBFC) sector faces higher stress relative to March 2023. The RBI emphasized proceeding with caution on the evolving outlook and risks. Key Points
Economic TimesFor risk takers: 5 smallcaps from different sectors with right mix of RoE and RoCE
When it comes to small cap investing, the word “agnostic” becomes very important. The reason one should be “sector agnostic” is that there are small cap companies across sectors which have potential to do well. Then one should “ recommendation agnostic” the reason, majority of the small cap companies are not covered at all by a single analyst and hence they don't have recommendations of either buy or sell. So, when it comes to small cap stocks, look beyond what analysts are tracking. But remember one principle that risks are highest in this category of stocks. Key Points
Economic TimesCutting-edge AI raises fears about risks to humanity. Are tech and political leaders doing enough?
Everyone from the British government to top researchers and major AI companies are raising the alarm about frontier AI’s as-yet-unknown dangers and calling for safeguards to protect people from its existential threats. Chatbots like ChatGPT wowed the world with their ability to write speeches, plan vacations or hold conversations as good as or arguably even better than humans do, thanks to cutting-edge Artificial Intelligence (AI) systems. Now, frontier AI has become the latest buzzword as concerns grow that the e Key Points
The Tribune IndiaIndia’s private capex to see a material uptick over FY23-24, but risks remain: Fitch
Corporates in India are likely to step up their capital expenditure plans in the coming few years, materially higher than in the previous two fiscals with a focus on capacity expansion across industrial sectors, Fitch Ratings said. Capex was flat over FY19 to FY21 and grew 16% in FY22. The forecasts are for the 8 state-owned enterprises and 21 privately held Fitch-rated corporates in the country. Key Points
Economic TimesAsia’s growth outlook remains positive despite external uncertainties, says ADB
The Asian Development Outlook 2024 report suggests that policymakers in the region should monitor a number of risks. These include escalating conflicts and geopolitical tensions. Key Points
ThePrintBalanced regulation vital for growth, says Uday Kotak
Addressing a two-day conference of the National Financial Reporting Authority (NFRA), Kotak said sacrificing growth to tackle risks is not a solution but problems need to be dealt with in an innovative manner. Kotak's comments come at a time when watchdogs across the financial sector-from the Reserve Bank of India to the Competition Commission of India-are increasingly facing pressure to balance regulations with innovation, especially due to the fast-paced evolution in the technology space. Key Points
Economic TimesWhen valuations are not cheap: 5 largecap stocks from different sectors with upside potential of up to 27%
It is after a long period that some of the macro factors have turned favorable for Indian markets. The recent decline in oil prices despite the ongoing tension in the middle east being one of the biggest positives. Also with US fed indication, chances that there would be a very sharp outflow from emerging markets have come down. But some of the other risks are still on the table. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market. Key Points
Economic TimesFor bearish bias in volatile market: 5 largecap stocks from different sectors with upside potential of up
Even markets are volatile, there is an underlying bias to volatility, it could be bullish or bearish. This bias is reflected in two things, first the market breadth which is essentially how many stocks are moving upward or downward. On a large number of days, market breadth is showing that its bias is toward bears. Because this correction is coming at a time when the global situation is not so good, both in terms of interest rate and also higher geopolitical risks, it would be better that “caution” should be added when decisions are taken about investing and sticking to largecap. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks that fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market. Key Points
Economic TimesIn times of volatility: 5 largecap stocks from different sectors with upside potential of up to 31%
Last three weeks have seen a sharper correction both in terms of what nifty and sensex have witnessed but also in terms of market breadth coming underpressure. Now because this correction is coming at a time, when some events risks are on the domestic front and also because of developments in the US. It would be better that caution should be added to the decision making in the stock market. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market. Key Points
Economic Times