BUSINESS
China’s Alibaba, South Korea’s Naver launch GPT rival AI models
The two new models, called Qwen-VL and Qwen-VL-Chat, will be open source for researchers, academics and companies worldwide, reports CNBC.
Income Tax Deptartment launches revamped website with add-on features
The newly revamped website was launched by Nitin Gupta, chairman, Central Board of Direct Taxes (CBDT) Nitin Gupta, at the ‘Chintan Shivir’, organised by Directorate of Income Tax (Systems) at Udaipur recently.
FPIs sold stocks for Rs 15,817 cr in Aug
FPI selling which began in early August continues. The consolidated NSDL data shows the August FPI investment through 26th at Rs 10,689 crore.
SEBI proposes to enforcement action, disrupt revenue model for finfluencers
As per a new paper, no SEBI registered intermediaries/regulated entities or their agents/representatives shall, directly or indirectly, have any association/relationship in any form, whether monetary or non-monetary, for any promotion or advertisement of their services/products, with any unregistered entities (including finfluencers).
India-UK FTA likely to be announced soon, says Sitharaman
Addressing the B20 summit, the Finance Minister said that India is continuously in touch with various nations and even the European FTA (EFTA) is in the pipeline.
RBI Governor underlines need for strengthening of governance standards
Addressing a meeting of managing directors and chiefs of select non-banking finance companies (NBFCs) and housing finance companies (HFCs), Das said that governance standards and assurance mechanisms such as compliance, risk management and internal audit should be made stronger, reads a statement issued by the RBI.
Rahul Yadav saga: Innov8 goes into arbitration with 4B Networks over unpaid dues
4B Networks rented out an Innov8 office space in Mumbai, but did not pay rent amounting to Rs 1.08 crore, reports Money Control, citing sources.
More rate hikes still on table, says US Federal Reserve Chair
In a highly anticipated speech Friday at the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming Powell said the Fed will pay close attention to economic growth and the state of the labor market when making policy decisions, CNN reported.
Nifty, Sensex extend losing streak for 5th week
Nifty opened gap down and remained in the negative territory throughout the session to close with a loss of 121 points (-0.6 per cent) at 19,265, while the Sensex fell 365.83 points to settle at 64,886.51.
'SpiceJet didn't deposit money into pension funds for months'
"There was a certain deferral in PF but we will be depositing a substantial amount soon and salary disbursement is on time. We are also doing all settlements on time. Everything will be cleared soon. We are hopeful," said the spokesperson.
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