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Come the 18th of September, you'll find most newspapers and TV channels strutting to cover the impact of the Fed's potential rate change on Indian stock markets. Policymakers there have held the central bank's interest stable since July last year, within the range of 5.25% to 5.5%, to dash down inflationary pressures gripping the US economy. <br /><br />This much criticised wait-and-watch approach, after the Fed held the rates stable in its most recent meeting in July, seems to be yielding some fruits now. US consumer price index (CPI) slowed down to 2.5% in August, down from 2.9% in July. With inflationary pressures approaching the 2% target mandated by Fed, experts were hoping of a 50-basis point reduction in interest rates this time.<br /><br />However, employment data released by the US Bureau of Labor Statistics this month painted a less than rosy picture. Little has changed in August for unemployment rates and numbers, which stood at 4.2% and 7.1 million respectively. If anything, the numbers were elevated from year-ago period, when jobless rate was 3.8% and the number of unemployed people stood at 6.3 million. <br /><br />Experts now believe a 25-basis point reduction in interest rates is imminent, since some positive changes were seen on the employment front. The total number of nonfarm payroll employment jumped by 1,42,000 in August, but still stayed well below the average monthly gain of 2,02,000<br /><br />Says Raj Patel, CMO at MintCFD, a trading platform, "A 25 bps could show muted results from the market, however, a major rate cut in the magnitude of 50 bps could generate negative reactions, since it might show that the Fed is signaling major concerns about the economic outbreak. Indicators such as the retail sales, consumer confidence index, and services PMI are on a positive note. The Fed is focusing more on employment as the average US unemployment rate over the last three months, up to July, has increased by 0.5% as compared to the lowest point in the past year". <br /><br />But why are Indian markets always so jittery about interest rate changes in the US? And should you be worried? We decode it for you. <br /><br /><strong>Rate hike and cuts impacts foreign investments<br /></strong>Generally, large institutional investors borrow funds from the US and other developed economies, and invest in India, China and other emerging countries, anticipating economic growth, and hence, potential for increased returns in the times to come. This influx of funds is crucial for growing countries, since they use it to develop their infrastructure, which will in turn, bolster their economic growth. <br /><br />The cost of raising funds from countries like US is relatively cheaper, given the interest rates here are not very high. On the other hand, borrowing costs in emerging countries like India are higher. At present, India's repo, or borrowing rate, at which banks borrow funds from RBI, stands at 6.5%. <br /><br />While this may seem like a trivial difference, it decides the fate of trillions of dollars of investments. Even a 25-basis point hike or cut could bring about a significant difference when such huge sums are involved. <br /><br />So, when Fed decides to hold the interest rate stable, or hike the same, it makes borrowing to invest in international markets expensive for investors. At the same time, it makes investing in US treasury bonds more lucrative and economically favorable, since investors are set to earn higher returns from them. As a result, investors rush to withdraw their money from other economies, and invest it in their own country i.e. the US.  <br /><br />For instance, in January 2024, Fed decides to keep the interest rate stable between the range of 5.25% to 5.5%. As a result, Indian markets saw an outflux of foreign investment that month, with investors withdrawing Rs 6,593 crores from markets. <br /><br />Between March 2022 and July 2023, the Fed hiked interest rates about 11 times. As a result, during FY23, foreign investors remained net sellers, liquidating Rs 40,936 crore from Indian markets. <br /><br />When Fed decides to slash rates, which makes borrowing cheaper, investors are encouraged to raise more funds, and invest more heavily in developing countries. This anticipation of funds stimulate the stock markets in a positive manner, which is why it is beneficial situation for countries like India, which, eventually, see greater investments from US and other economies. China and India are generally seen as favorite destinations for investors.<br /><br />With the Chinese economy in doldrums at the moment, India can expect higher foreign direct investments (FDI) in the months to come. Just yesterday, China cut down interest rates on about $5 trillion worth of its outstanding loans, in a bid to spur consumption and borrowing in the economy.<br /><br />But do not expect any immediate boosts in the equity market, as many experts caution. There have been many instances in the past where rate cuts did not boost equities immediately. This is because rate cuts are not the sole factor driving investments. If the corporates report slowed earnings, or weak growth, investors are bound to be discouraged from investing in the country.<br /><br />Your best bet is to invest in sectors which have traditionally withstood market downturns, like insurance, telecoms and pharmaceuticals, and reduce exposure to sectors which are significantly affected by market cycles (think PSUs, auto, metals etc). <br /><meta content="cms.next" name="cmsei" />

With Fed rate cuts imminent, what can you expect from the Indian markets next week?

It wouldn't be wrong to say that finding a job in today's times is much easier than finding one decades ago. In the age of job-search platforms like LinkedIn and Naukri.com, connecting with potential recruiters is easier. But, if you aren't careful of your actions online, they can do more harm than good. Something similar happened with a college students who disrespected a woman on LinkedIn. Later on, he found out that the same woman was his job interviewer. The story has been shared online and is going viral. <br /><br /><strong><h2>What really happened</h2></strong><br />The story of this unexpected twist of fate was shared by Pranav Mehta, a software engineer and founder of A Code Daily, on the social media platform X.<br /><br />Mehta, who previously worked at Microsoft and studied at IIT, shared the incident involving one of his female friends who works at a startup. According to Mehta's post, the student had approached his friend on LinkedIn a few weeks ago, asking for a referral for an SDE-1 (Software Development Engineer) position at her company. When she reviewed his resume, she felt it needed improvement and politely suggested that he work on it further before applying.<br /><br />However, instead of taking her feedback positively, the student reacted in an inappropriate manner. He began insulting the woman, dismissing her as a “diversity hire” and questioning her ability to advise him. <br /><br />"This guy started belittling and shaming her for being a "diversity hire", and that she wasn't capable of advising him," Mehta wrote. <br /><br />This unwarranted response not only displayed poor judgment but also a lack of respect for someone willing to help him improve his application.<br /><br /><h2>The twist of fate</h2>Despite this unpleasant interaction, the student eventually managed to secure a referral from another source and proceeded with the application process. But then something that he didn't see coming happened. When he sat down for his first round of interview, he found himself face-to-face with the very same woman he had insulted on LinkedIn. Mehta described how the student was visibly shaken when he realised the situation, saying, “Karma bites you back in ways you can't even fathom.”<br /><br />According to Mehta, his friend remained professional throughout the interview and did not let the past incident influence her assessment of his candidacy. However, the student’s initial bravado seemed to have vanished, replaced by nervousness as he faced the person he had earlier disrespected.<br /><br />This story is a stark reminder of the importance of maintaining professionalism and humility, especially in the age of social media. What you say online can have real-world consequences, and in the tight-knit tech industry, word travels fast.<br /><br /><div type="Article" hostid="261" msid="113242771" title="Our 2 sons moved to Europe for college. We quit our jobs and followed." mstype="2" mssubtype="0"></div><div type="Article" hostid="261" msid="113300694" title="I waited 5 years after undergrad to enroll in graduate school. Waiting made me a better student." mstype="2" mssubtype="0"></div><br /><meta content="cms.next" name="cmsei" />

College student insults woman on LinkedIn, she turns out to be his job interviewer later on

You might think that constant notifications from workplace chat apps like Slack or Microsoft Teams are productivity killers. After all, the constant stream of pings, emojis, and @mentions can feel more distracting than helpful. But, as it turns out, these platforms could actually be hiding a powerful productivity tool — praise.<br /><br />New research has found that giving public praise to employees can boost overall office performance. Public praise has the potential to light a fire under others too, spurring them on to better work. And with remote work the new norm (if some tech companies don't have their way), this boost might be just what the digital doctor ordered.<br /><br />"One important challenge faced by many companies is how to motivate remote workers and keep them productive," explains Wen Wen, lead author of the study. "Our research gives practical advice on how to construct the right messages regarding peers and how to share them on digital platforms in order to achieve a significant productivity gain."<br /><br />Wen and her colleagues examined a Chinese tech company where praise was doled out in public messages over a Slack-like app. Every time a sales rep closed a deal, human resources sent a message to the whole team, highlighting the success — with plenty of personal details and emojis to boot.<br /><div type="Article" hostid="261" msid="113238355" title="Can AI help companies boost employee well-being?" mstype="2" mssubtype="0"></div>They found that productivity noticeably spiked when these approving messages were publicly sent, not just for the star salespeople, but for their colleagues too. Whether the message highlighted a worker’s effort or their natural abilities, others got inspired to step up. A simple 10% increase in praise-filled message intensity led employees to make roughly one more call per day.<br /><h2>Praise efforts, not ability</h2>But here’s where things get even more interesting. Wen’s research showed that not all praise is created equal. When co-workers were praised for their <em>effort</em> (think “Wow, look at how hard they hustled to close that deal!”), everyone felt inspired. It didn’t matter if the person receiving the praise was socially close or distant from their colleagues — the impact was the same. Everyone worked a little harder.<br /><br />On the other hand, when the praise focused on someone’s <em>ability</em> (as in “They’re a sales superstar with unbeatable skills!”), the results were different. Close colleagues still felt inspired, but those further removed from the praised worker didn’t feel the same motivation. Maybe it’s because effort feels achievable, while abilities can seem like an unattainable gift.<br /><br />In short, people are more likely to push themselves when they see others praised for their hard work rather than innate talent. It’s the “If they can do it, so can I!” mindset in action.<br /><h2>Why this matters more for remote workers</h2>With many teams now scattered across cities (or even continents), public praise becomes even more critical. In the office, employees might get an informal pat on the back or a shoutout during a meeting, but remote workers can easily feel invisible. In fact,<a href="https://hbr.org/2020/04/how-to-keep-your-team-motivated-remotely"> studies</a> have shown that it is quite far easier for workers to lose motivation when working from home, when compared to office-goers.<br /><div type="Article" hostid="261" msid="113300695" title="Hybrid work boosts satisfaction and productivity and is here to stay, PwC says" mstype="2" mssubtype="0"></div>This is where those digital platforms come in. Sharing public praise in all-company channels creates a virtual "hallway high-five" that helps remote workers feel seen and appreciated. And more importantly, it gives them something to strive for.<br /><br />"For a distributed workforce, managers should probably consider crafting effort-focused messages when sharing peer successes, instead of ability-focused messages,” Wen explains. “People can be influenced by effort-focused messages about peers whom they don't even know."<br /><br />So the next time someone in your team hits a milestone, don’t just send them a private note. Shout it from the digital rooftops, emoji and all! You’ll be surprised at how much harder the rest of the team will work when they see that recognition is within reach.<br /><meta content="cms.next" name="cmsei" />

Publicly praising your employees online when they succeed at something can boost overall performance in the office, study finds

<ul><li>Ford is all set to make a return to India, with eyes on the international market.</li><li>The company plans on repurposing its Chennai plant to manufacture vehicles for export.</li><li>The company has submitted a letter of intent to the Tamil Nadu government.</li></ul>After several reports about its return to India, popular American automaker Ford has expressed its intent to restart operations at its plant in Chennai, Tamil Nadu. Ford is well known for its popular SUVs such as the Endeavour and EcoSport.<br /><br />Ford had exited the Indian market in 2021 due to declining sales. The company, which had two plants in the country had sold one to Indian automaker Tata Motors and planned a shutdown of the second plant. However, it could not wind down its vehicle and engine manufacturing in Chennai by the targeted timeline of the second quarter of 2022.<br /><br />The company on Friday submitted a letter of intent to the Tamil Nadu government, confirming its intention to utilise the Chennai plant for manufacturing for exports.<br /><br />"This step aims to underscore our ongoing commitment to India as we intend to leverage the manufacturing expertise available in Tamil Nadu to serve new global markets," Ford International Markets Group President Kay Hart said.<br /><br />“We are grateful for the ongoing support from the Tamil Nadu Government as we explored different options for the Chennai plant,” Hart added.<br /><br />The company said the strategic move will see the facility repurposed to focus on manufacturing for export to global markets, as part of the company's Ford+ growth plan.<br /><br />“Ford currently employs 12,000 individuals in Global Business Operations in Tamil Nadu, a number expected to grow by 2,500 to 3,000 jobs within the next three years”, it added. "Combined with the engine manufacturing operations in Sanand, India represents Ford's second-largest salaried workforce worldwide," the company said.<br /><br />The company said that further information about the type of manufacturing and other details will be disclosed later.<br /><br /><strong>SEE ALSO:<br /><br /><a href="https://www.businessinsider.in/stock-market/webstories/western-carriers-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/113312196.cms">Western Carriers IPO – Price band to risk factors, all you need to know</a><br /><br /><a href="https://www.businessinsider.in/stock-market/news/pn-gadgil-jewellers-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113302533.cms">PN Gadgil Jewellers IPO allotment – How to check allotment, IPO GMP, listing date and more</a><br /><br /></strong><a href="https://www.businessinsider.in/tech/mobile/news/iphone-16-pro-is-already-cheaper-than-the-iphone-15-pro-in-india-but-you-can-get-it-for-up-to-30000-cheaper/articleshow/113220789.cms"><strong>iPhone 16 Pro is already cheaper than the iPhone 15 Pro in India, but you can get it for up to ₹30,000 cheaper</strong></a><br /><meta content="cms.next" name="cmsei" />

Ford is returning to India, expresses intent to restart its Tamil Nadu plant for exports

Here's something you might not have heard: if you're struggling with persistent muscle or joint pain, trimming down abdominal fat could bring significant relief. A recent study reveals a strong connection between excess belly fat and chronic musculoskeletal pain, particularly in women. This type of discomfort, affecting the bones, muscles, and joints, is often thought to result from ageing or injuries. However, research suggests that abdominal obesity plays a critical role in aggravating these issues.<br /><br />According to a <a href="https://rapm.bmj.com/content/early/2024/08/06/rapm-2024-105535">study</a> published in <em>Regional Anesthesia and Pain Medicine</em>, there's a strong correlation between abdominal obesity and chronic musculoskeletal pain. The research, which analysed data from over 32,000 individuals, found that as belly fat increases, so does the likelihood of developing chronic pain. Interestingly, women were shown to experience this pain almost twice as often as men.<br /><br />Belly fat, or visceral fat, is the fat stored around vital organs like the pancreas, liver, and intestines. When this fat accumulates, it triggers inflammation throughout the body. This inflammation impacts the nervous system, heightening sensitivity to pain in areas like the neck, shoulders, or lower back. In short, carrying extra abdominal fat increases the risk of experiencing pain across various body parts.<br />    <div type="Article" hostid="261" msid="112780060" title="Tanmay Bhat actually made weight loss sound doable — here’s how!" mstype="2" mssubtype="0"></div><br /><h2>Why are women more prone to pain from belly fat</h2>The study highlights that women are disproportionately affected by this connection between belly fat and chronic pain. The reason? Hormonal fluctuations, particularly after menopause, cause women to store more fat around their abdomen. This added belly fat makes women more vulnerable to the inflammatory effects of obesity, which can worsen chronic pain.<br /><br />While men also experience abdominal fat accumulation, the hormonal and fat distribution differences between the sexes mean that women are more likely to suffer from pain due to excess belly fat.<br /><br />By addressing abdominal fat, particularly for women, it’s possible to not only improve your overall health but also reduce the chronic pain that affects daily life. If you’ve been struggling with persistent discomfort, tackling this underlying issue might be the relief you’ve been searching for.<br />    <div type="Article" hostid="261" msid="112954964" title="Weight-loss drugs like Ozempic could help slow biological aging, researchers say" mstype="2" mssubtype="0"></div><br /><meta content="cms.next" name="cmsei" />

Belly fat in women might be responsible for neck, shoulder and back ache, study finds

Mamata Banerjee, the Chief Minister of West Bengal and leader of the Trinamool Congress (TMC), has been a dominant force in the state's politics for over a decade. Recently, she offered to resign amidst the ongoing R.G. Kar Hospital protests, where junior doctors have been on strike demanding justice for a murdered colleague. While Banerjee’s offer to step down seems more symbolic, aimed at quelling tensions, it raises important questions about what would happen if she were to actually resign as Chief Minister.<br /><br />Here’s a detailed breakdown of the process and its implications for West Bengal:<br /><h3 style="line-height:1.38;margin-top:16pt;margin-bottom:4pt;">1. Resignation</h3>If Mamata Banerjee were to formally submit her resignation, the process would begin with her presenting a written resignation letter to the Governor of West Bengal. This is the standard protocol for any Chief Minister in India. The resignation is at the discretion of the Governor, who typically accepts it unless there is a compelling reason not to.<br /><div type="Article" hostid="261" msid="113307547" title="West Bengal CM Mamata Banerjee offers to resign after agitating doctors refuse to meet without live streaming" mstype="2" mssubtype="0"></div>Once the resignation is accepted, Banerjee would cease to be the CM immediately. However, the Governor might request her to continue as a caretaker CM until a new government is formed. In this role, Banerjee would oversee a temporary government with limited powers, unable to make significant policy decisions or pass new laws.<br /><h3 style="line-height:1.38;margin-top:16pt;margin-bottom:4pt;">2. Election of a new leader</h3>Mamata Banerjee’s resignation would leave a significant leadership vacuum within the Trinamool Congress, which currently has a strong majority in the West Bengal Legislative Assembly. Given her deep-rooted influence over the party, it’s likely that the TMC would convene an emergency meeting to elect a new leader.<br /><br />Banerjee’s close associates, such as her nephew Abhishek Banerjee, could be contenders for the CM post. Alternatively, the party could look for a senior and experienced leader to stabilise the situation until the next elections. However, given Banerjee’s control over the party, she may still wield significant influence from behind the scenes, even if she officially steps down.<br /><h3 style="line-height:1.38;margin-top:16pt;margin-bottom:4pt;">3. Role of the Governor</h3>In the absence of a clear successor, the Governor plays a key role. The Governor might invite the TMC to form the government again by electing a new leader, but if the party fails to show a majority or experiences factionalism, the Governor could explore other options. This could include inviting the opposition to form the government if they demonstrate the numbers, or even recommending President’s Rule in the state under Article 356 of the Indian Constitution, where the central government takes over the state's administration.<br /><div type="Article" hostid="261" msid="112644728" title="Bengal in state of flux, people lost faith in present government: Governor CV Ananda Bose" mstype="2" mssubtype="0"></div><h3>4. Vote of confidence</h3>Once a new leader is chosen by the TMC, they will be sworn in as the next Chief Minister. However, they would need to prove their majority on the floor of the West Bengal Legislative Assembly. This process, known as a vote of confidence, is crucial in determining whether the new CM has the support of the majority of the legislators. If the party remains united, this step should be straightforward.<br /><br />However, in the event of internal splits within the TMC or if Banerjee’s resignation triggers political instability, the new leader may struggle to secure the necessary support, potentially leading to fresh elections.<br /><h3 style="line-height:1.38;margin-top:16pt;margin-bottom:4pt;">5. Impact on West Bengal’s political landscape</h3>Mamata Banerjee’s resignation would have a profound impact on the political landscape of West Bengal. She has been the face of the TMC and has led the party to consecutive electoral victories, defeating formidable opponents like the Communist Party of India (Marxist) and the Bharatiya Janata Party (BJP). Her departure from the top post could trigger a realignment within the state’s political sphere.<br />  <div type="Article" hostid="261" msid="113087561" title="Calcutta High Court seeks CBI report on nasty social media posts on RG Kar hospital rape-murder victim" mstype="2" mssubtype="0"></div>If Banerjee were to leave active politics, it could embolden opposition parties like the BJP, which has been trying to expand its footprint in the state. Additionally, there could be a power struggle within the TMC itself, especially if no clear successor emerges.<br /><h3 style="line-height:1.38;margin-top:16pt;margin-bottom:4pt;">6. President’s Rule as a last resort</h3>In an extreme scenario, where the TMC fails to elect a new leader or where political instability leads to a breakdown of governance, the Governor could recommend President’s Rule. Under this provision, the state government is suspended, and the central government takes direct control of the state’s administration. President’s Rule is generally viewed as a last resort and can be imposed if no party can form a stable government.<br /><br />However, given the TMC’s strong majority in the assembly, this is an unlikely scenario unless there is significant internal fragmentation within the party.<br /><br />In short, if Mamata Banerjee resigns, West Bengal’s political future would hinge on how swiftly a new leader is appointed by her party and how successfully they can prove majority support in the assembly. Should this process falter, the state could face either interim governance under a caretaker government or even the possibility of President’s Rule, depending on the stability of the assembly.<br /><meta content="cms.next" name="cmsei" />

What will happen if Mamata Banerjee actually resigns as the Chief Minister of West Bengal?

Vivo T3 Ultra vs iQOO Neo 9 Pro – which smartphone should you buy under ₹40,000?

Equity benchmark indices Sensex and Nifty took a breather on Friday after a record rally in the previous session and ended marginally lower on the emergence of profit-taking. In a volatile trade, the 30-share BSE Sensex fell by 71.77 points or 0.09 per cent to close at 82,890.94. During the day, it dived 309.49 points or 0.37 per cent to 82,653.22. <br /><br />The NSE Nifty dropped 32.40 points or 0.13 per cent to 25,356.50. <br /><br />Adani Ports was the biggest loser in the Sensex pack, declining 1.37 per cent, followed by ITC, Bharti Airtel, NTPC, Maruti, Asian Paints, Sun Pharma, Power Grid, Hindustan Unilever and Larsen &amp; Toubro. <br /><br />In contrast, Bajaj Finserv, Bajaj Finance, IndusInd Bank, Tata Steel, Axis Bank and Tech Mahindra were among the gainers. <br /><br />In Asian markets, Tokyo and Shanghai settled lower, while Seoul and Hong Kong ended in positive territory. <br /><br />"The market took a breather and ended on a flat note after the previous day's sharp uptick. Despite domestic CPI inflation being within the RBI's target band, the increase in food prices may influence the central bank to remain prudent on rates. <br /><br />"Higher liquidity from FIIs to the domestic market and a slide in US 10-year yield increased the prospects of the FED rate cut, which will aid domestic sentiment," said Vinod Nair, Head of Research, Geojit Financial Services. <br /><br />Retail inflation in August inched up to 3.65 per cent, though vegetables and pulses witnessed price rise in double digits, according to official data released on Thursday. <br /><br />The retail inflation based on the Consumer Price Index (CPI), however, remained below the Reserve Bank's median target of 4 per cent for the second month in a row. It was at a five-year low of 3.6 per cent in July. The headline inflation was 6.83 per cent in August 2023. <br /><br />European markets were trading higher in the mid-session deals. The US markets ended with gains on Thursday. <br /><br />A sharp fag-end rally on Thursday drove the BSE benchmark to the 83,000 level for the first time. The barometer surged 1,593.03 points or 1.95 per cent to hit its lifetime intra-day peak of 83,116.19. The index ended at a record high of 82,962.71, up by 1,439.55 points or 1.77 per cent. <br /><br />The NSE Nifty surged 470.45 points or 1.89 per cent to settle at a record closing high of 25,388.90. The benchmark hit its fresh all-time intra-day high of 25,433.35, a jump of 514.9 points or 2 per cent. <br /><br />Foreign Institutional Investors (FIIs) bought equities worth Rs 7,695 crore on Thursday, according to exchange data. <br /><br />Global oil benchmark Brent crude climbed 1.03 per cent to 72.71 a barrel.<meta content="cms.next" name="cmsei" />

Markets take a breather after record rally; settle marginally lower in volatile trade

If we had one bone to pick with artificial intelligence (AI), it has to be the fact that the models sometimes sound like that friend of yours with verbal diarrhoea. They tend to trip over themselves to say <em>something</em>, nevermind processing things or fact checking. But what if we had access to AI that took more time to ‘think’ before responding to us?<br /><br />In a much-anticipated release, OpenAI will launch its latest artificial intelligence model, <em>o1, </em>in 2 weeks, marking the debut of a new class of reasoning AI models. After months of speculation and whispers about "Strawberry," the official release of <em>o1</em> represents OpenAI’s bold step toward crafting models capable of reasoning through complex problems faster than humans. Alongside <em>o1</em>, the company is also introducing <em>o1-mini</em>, a lighter, more cost-effective version of the new model, ideal for tasks like coding and problem-solving.<br /><h3 style="line-height:1.38;margin-top:14pt;margin-bottom:4pt;">Why the excitement around o1?</h3>OpenAI has positioned <em>o1</em> as more than just an upgrade — it’s a leap forward. The model excels in solving intricate, multi step problems, such as math and coding challenges, by mimicking human-like reasoning and explaining its thought process along the way. This shift toward reasoning-based AI marks a significant evolution in how these models are trained and used.<br /><br /><em>o1</em> promises improved accuracy, with a dramatic reduction in hallucinations — when AI models generate false or misleading information — compared to previous models. Though not perfect, OpenAI’s Research Lead, Jerry Tworek, confirms that this new model hallucinates less frequently than its predecessors.<br />    <div type="Article" hostid="261" msid="113303589" title="OpenAI takes another step closer to getting AI to think like humans with new &amp;#39;o1&amp;#39; model" mstype="2" mssubtype="0"></div><h2>How is o1 different from previous models?<br /></h2>The training of <em>o1</em> differs significantly from its predecessors, like GPT-4o. While earlier models were trained to mimic patterns, <em>o1</em> uses reinforcement learning, a technique where the system learns through rewards and penalties, refining its problem-solving ability with each iteration. Additionally, <em>o1</em> employs a "chain of thought" process, mimicking human cognition by breaking down problems into logical, sequential steps.<br /><br />Bob McGrew, OpenAI’s Chief Research Officer, highlights that <em>o1</em> outshines its predecessors in math-related tasks. In tests against the International Mathematics Olympiad, <em>GPT-4o</em> could only solve 13% of problems correctly, while <em>o1</em> successfully tackled an impressive 83%. This makes it a powerful tool for scientific research, especially in fields like physics, chemistry, and engineering, where rigorous reasoning and complex problem-solving are essential.<br />    <div type="Article" hostid="261" msid="113079845" title="The internet has more AI-generated content today than human-created and this could mean trouble" mstype="2" mssubtype="0"></div><h2>What does this mean for users?<br /></h2>Starting today, ChatGPT Plus and Team users gain immediate access to <em>o1-preview</em> and <em>o1-mini</em>. Enterprise and Edu users will have access next week, and OpenAI has plans to make <em>o1-mini</em> available to free-tier ChatGPT users, though no release date has been set. However, for developers eager to integrate this advanced reasoning model into their applications, the cost will be steep—<em>o1-preview</em> costs $15 per million input tokens and $60 per million output tokens, making it more than triple the price of GPT-4o.<br /><h3 style="line-height:1.38;margin-top:14pt;margin-bottom:4pt;">The future of AI reasoning: challenges and opportunities</h3>While <em>o1</em>’s reasoning capabilities are a huge leap forward, there are still hurdles to overcome. The model is more expensive and slower to use than its predecessors, and it is not yet optimised for web browsing or processing files and images. Despite these limitations, OpenAI believes <em>o1</em> represents a foundational step toward AI models that can perform complex tasks autonomously, inching closer to human-like intelligence.<br /><br />This release also raises hopes for future advancements in fields beyond tech. With its ability to tackle advanced benchmark tests in physics and chemistry, <em>o1</em> could pave the way for breakthroughs in medicine, engineering, and beyond. As McGrew aptly put it, “Reasoning is the critical breakthrough that could unlock unprecedented capabilities in AI.”<br />    <div type="Article" hostid="261" msid="112705229" title="OpenAI is finally buying rights from major publishing companies! But, what’s the future of journalism?" mstype="2" mssubtype="0"></div><h2>A step toward autonomous agents?<br /></h2>For OpenAI, the development of <em>o1</em> is more than just improving existing AI models — it’s about moving toward a future where AI can act as autonomous agents. These agents would be capable of making decisions, taking actions on behalf of users, and solving real-world problems. This vision of AI goes beyond simple pattern recognition and into the realm of reasoning and decision-making, which could revolutionise industries from healthcare to engineering.<br /><br />However, the journey toward autonomous decision-making agents is still in its early stages. <em>o1</em> may not yet be fast or affordable enough for widespread use, but it represents a significant milestone in AI research. McGrew noted that solving complex reasoning tasks is essential to progress toward human-like intelligence in AI systems.<br /><br />The release of <em>o1</em> marks a transformative moment in AI development. As OpenAI pushes the boundaries of what reasoning models can achieve, the implications for industries relying on complex problem-solving are immense. From coding competitions to scientific research, the capabilities of <em>o1</em> demonstrate a powerful shift toward AI that thinks — almost like a human. As OpenAI continues to refine and expand its models, we can expect <em>o1</em> and its successors to play an ever-growing role in shaping the future of technology, science, and industry.<br /><br />As we look toward a future where AI reasoning models become more commonplace, the release of <em>o1</em> sets the stage for exciting advancements in both practical applications and AI research. The era of reasoning AI is upon us — and it’s only just beginning.<br />    <div type="Article" hostid="261" msid="113088658" title="OpenAI to Meta: AI companies that were accused of copyright infringement" mstype="2" mssubtype="0"></div><br /><meta content="cms.next" name="cmsei" />

Open AI’s latest ‘Strawberry’ will actually think before it acts!

<ul><li>PN Gadgil Jewellers is expected to announce its share allotment status on Friday, September 13.</li><li>The shares of PN Gadgil Jewellers were subscribed 59.41 times.</li><li>The shares are expected to be listed on the stock exchanges on September 17.</li></ul>Maharashtra-based PN Gadgil Jewellers, which offers jewellery products including gold, silver, platinum, and diamond jewellery is expected to announce the allotment status of its initial public offering (IPO) on Friday, September 13.<br /><br />The PN Gadgil Jewellers IPO opened on September 10 and closed on September 12. The price band for the IPO was ₹456 to ₹480 per share.<br /><br /><h2>PN Gadgil Jewellers IPO subscription</h2>On the last day, the PN Gadgil Jewellers IPO was subscribed 59.41 times, receiving bids for 100.32 crore equity shares against 1.69 crore shares on offer.<br /><br />While the qualified institutional buyer portion was subscribed 136.85 times, the non-institutional investors portion was subscribed 56.09 times. The retail portion also witnessed excellent participation and was subscribed 16.58 times.<br /><br /><h2>PN Gadgil Jewellers grey market premium</h2>The shares of PN Gadgil Jewellers are currently commanding a grey market premium (GMP) of ₹255 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges.<br /><br /><h2>How to check the PN Gadgil Jewellers’ allotment status</h2>You can check the allotment status on the registrar’s website.<br /><br /><ul><li>To check the PN Gadgil Jewellers IPO allotment status, visit the registrar’s website<a href="https://ipo.bigshareonline.com/IPO_Status.html"> here</a>.<br /></li><li>Click on ‘Select Company’ and then select ‘PN Gadgil Jewellers’.<br /></li><li>Now, select PAN, application number, or beneficiary ID and provide the details.<br /></li><li>Now, enter the captcha.<br /></li><li>Click on “Search”.<br /></li></ul>You will be able to see your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you.<br /><br />You can also check the PN Gadgil Jewellers IPO allotment status on the BSE and NSE websites.<br /><br />To check the allotment status on the BSE or NSE website:<br /><br /><ul><li>Go to the BSE<a href="https://www.bseindia.com/investors/appli_check.aspx"> website</a>.<br /></li><li>On the website, click on 'Equity' and then select ‘PN Gadgil Jewellers’ from the dropdown menu.<br /></li><li>Now, enter your application number and PAN.<br /></li><li>Click on 'Search'.<br /></li></ul>You will be able to see the number of shares allotted to you.<br /><br />You can click<a href="https://www.nseindia.com/products-services/initial-public-offerings-bid-verification"> here</a> and log in to check your allotment status on NSE.<br /><br /><h2>PN Gadgil Jewellers IPO listing date</h2>The shares of PN Gadgil Jewellers will be listed on the stock exchanges on September 17.<br /><br />Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. We recommend that readers consult certified, qualified, registered advisors for professional and personalised financial advice.<br /><br /><strong>SEE ALSO:<br /><br /><a href="https://www.businessinsider.in/business/auto/webstories/top-10-selling-cars-in-india-in-august-2024/slidelist/113248627.cms">Top 10 selling cars in India in August 2024</a><br /><br /><a href="https://www.businessinsider.in/tech/mobile/news/iphone-16-pro-is-already-cheaper-than-the-iphone-15-pro-in-india-but-you-can-get-it-for-up-to-30000-cheaper/articleshow/113220789.cms">iPhone 16 Pro is already cheaper than the iPhone 15 Pro in India, but you can get it for up to ₹30,000 cheaper</a><br /><br /></strong><a href="https://www.businessinsider.in/business/auto/news/ather-energy-looks-to-raise-3100-crore-files-ipo-papers-with-sebi/articleshow/113214971.cms"><strong>Ather Energy looks to raise ₹3,100 crore, files IPO papers with SEBI</strong></a><br /><meta content="cms.next" name="cmsei" />

PN Gadgil Jewellers IPO allotment – How to check allotment, IPO GMP, listing date and more

Batting superstar Virat Kohli spent about 45 minutes in the nets and pace spearhead Jasprit Bumrah bowled full tilt as the Indian cricket team on Friday began its preparations for a two-Test series against Bangladesh.  With the first Test against Bangladesh scheduled here from September 19, the entire squad, including skipper Rohit Sharma and Kohli, assembled at the MA Chidambaram Stadium for a closed door training session. <br /><br /> This would be the first home assignment for new head coach Gautam Gambhir. New bowling coach, South African great Morne Morkel, and assistant coach Abhishek Nayar were also in attendance. <br /><br /> The BCCI posted images of the first day of practice and wrote, "The countdown starts as Team India begin their preps for an exciting home season." <br /><br /> The images showed the entire squad listening attentively to Gambhir, his support staff and skipper Rohit. <br /><br /> "Virat was there for 45 minutes and Bumrah also bowled full throttle," a local source told PTI <br /><br /> Virat has flown in directly from London for the opening Test. <br /><br /> Wearing a yellow jersey, Rohit was seen emerging from the airport escorted by security personnel, in a PTI Video on Thursday night, while Kohli came from London in an early-morning flight. <br /><br /> The likes of Bumrah, KL Rahul and wicketkeeper-batter Rishabh Pant had reached the city on Thursday. Batter Sarfaraz Khan will join the squad after the Duleep Trophy game in Anantapur, where he is playing for India B right now. <br /><br /> The players are returning to the field after a much-needed break of more than a month and would look to put behind the disappointment of losing the ODI series against Sri Lanka in August, which was Gambhir's first assignment as head coach after taking over Rahul Dravid. <br /><br /> It would be interesting to see how Rohit's side approaches the game against a Bangladesh side, which is on a high following its 2-0 Test series win over Pakistan recently. <br /><br /> Vital World Test Championship (WTC) points are at stake in the two-match series as India get ready for a a gruelling 10-match Test season, which also includes a three-Test series at home against New Zealand and the five-match Border-Gavaskar series later this year in Australia. <br /><br /> India are currently heading the table with 68.52 percentage points, while Australia are a close second with 62.50 percentage points. <br /><br /> Bangladesh have jumped to fourth spot with 45.83 percentage points following their 10-wicket win over Pakistan in the opening Test and their amazing fightback in the second Test where wicketkeeper-batter Litton Das scored a century to singlehandedly guide the side to a series triumph. <br /><br /> The second Test of the India-Bangladesh series will be played in Kanpur from September 27.<meta content="cms.next" name="cmsei" />

Kohli bats for long, Bumrah goes whole hog in India's first practice ahead of Bangladesh Tests

Domestic passenger vehicle wholesales declined by about 2 per cent year-on-year in August as companies curtailed dispatches to reduce inventory at dealers amid a drop in demand. According to data issued by the industry body Society of Indian Automobile Manufacturers (SIAM), the total passenger vehicle dispatches in the domestic market stood at 3,52,921 units last month compared to 3,59,228 vehicles in August 2023, a dip of 1.8 per cent. <br /><br />Two-wheeler wholesales rose 9 per cent to 17,11,662 units last month against 15,66,594 units in the year-ago period, it added. <br /><br />Scooter dispatches last month climbed to 6,06,250 units from 5,49,290 units in August 2023, a growth of 10 per cent. <br /><br />Similarly, motorcycle dispatches from companies to dealers increased by 8 per cent to 10,60,866 units last month from 9,80,809 units in August 2023. <br /><br />The total three-wheeler sales grew 8 per cent to 69,962 units last month against 64,944 units a year ago. <br /><br />"Looking ahead, as the country enters the festive season, demand for vehicles is expected to grow, which will also be duly augmented by the recent announcements of PM E-DRIVE and PM-eBus Sewa Schemes of Government of India," SIAM Director General Rajesh Menon said.<br /><br /><strong>SEE ALSO:<br /><br /><a href="https://www.businessinsider.in/stock-market/webstories/western-carriers-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/113312196.cms">Western Carriers IPO – Price band to risk factors, all you need to know</a><br /><br /><a href="https://www.businessinsider.in/stock-market/news/pn-gadgil-jewellers-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113302533.cms">PN Gadgil Jewellers IPO allotment – How to check allotment, IPO GMP, listing date and more</a><br /><br /></strong><a href="https://www.businessinsider.in/tech/mobile/news/iphone-16-pro-is-already-cheaper-than-the-iphone-15-pro-in-india-but-you-can-get-it-for-up-to-30000-cheaper/articleshow/113220789.cms"><strong>iPhone 16 Pro is already cheaper than the iPhone 15 Pro in India, but you can get it for up to ₹30,000 cheaper</strong></a><br /><meta content="cms.next" name="cmsei" />

Passenger vehicle wholesales dip 2% in August as OEMs cut dispatches

<ul><li>Microsoft has announced new job cuts.</li><li>Hundreds of employees in gaming division will lose their jobs. </li><li>Phil Spencer sent a memo to employees.</li></ul><br />Microsoft and Activition Blizzard's deal made headlines in 2022 and was hailed as one of the biggest deals of the gaming industry. Blizzard, gaming giant behind popular titles like Call of Duty, was acquired by Microsoft for USD 69 billion. Since then, Microsoft has had two rounds of layoffs in its gaming unit. And now, the company is yet again in news for its decision to lay off hundreds of employees in the Xbox gaming division.<br /><br />As per a report in Bloomberg, the layoffs, mostly affecting corporate and support roles, are part of Microsoft’s broader effort to streamline its gaming operations post-acquisition.<br /><br /><h2>Microsoft Gaming CEO shares memo with employees</h2>The Bloomberg report reveals that the company has decided to cut 650 jobs in its gaming division and the same was announced on Thursday. <br /><br />Phil Spencer, CEO of Microsoft Gaming, addressed employees in a company memo, expressing that the decision was a difficult but necessary step to ensure long-term success for the business. “We are deeply grateful for the contributions of our colleagues who are learning they are impacted,” Spencer wrote according to Bloomberg. <br /><br />He also said that the company is committed to supporting affected employees, offering severance packages, extended healthcare, and outplacement services in the U.S., with varying support depending on the location of impacted employees outside the country.<br /><br />Despite the layoffs, Spencer reassured employees that no games, devices, or studios would be canceled or shut down as a result. <br /><br />He also made it clear that the company remains focused on ensuring that Xbox and its gaming division continue to thrive. By making strategic adjustments now, Microsoft hopes to position itself for long-term growth in the gaming industry, a sector that is evolving rapidly with advancements in technology and increasing consumer demand.<br /><br /><h2>Layoffs in tech</h2>Microsoft’s decision to reduce its workforce in the gaming division is part of a broader trend of layoffs across the tech industry. Several major tech companies have announced significant job cuts this year as they face challenges in adapting to the post-pandemic business landscape. For Microsoft, these layoffs follow earlier job reductions across various divisions as the company seeks to become more efficient in its operations.<br /><br />However, despite the cuts, Microsoft remains committed to its gaming division, which has become a crucial part of the company’s long-term strategy. The Xbox continues to play a key role in Microsoft’s vision for the future, especially as gaming becomes an increasingly significant part of the entertainment industry.<br /><meta content="cms.next" name="cmsei" />

Microsoft job cuts continue, company lays off hundreds of employees in Xbox gaming division

In a massive move for the country’s growing climate woes, India is aiming to control weather phenomena like rainfall, lightning, and hail within five years. Dubbed "Mission Mausam," this government-backed initiative includes the development of Mausam GPT, a weather AI model designed to enhance prediction accuracy and even manipulate the weather. This would make India one of the first countries to experiment with weather modification on a significant scale.<br /><h2>Mission Mausam</h2>India’s "Mission Mausam" aims to reshape the future of weather management by using technology to control rain. Over the next 18 months, the government will start with lab simulations to either enhance or suppress rainfall. The ultimate goal, as outlined by Earth Sciences Secretary M. Ravichandran, is to roll out full-scale weather modification within five years. He stated that the initiative could even target events like Independence Day, where “one can think about suppressing rain.”<br /><br />By deploying cloud seeding techniques alongside AI-driven weather prediction tools like "Mausam GPT," the mission seeks to significantly improve India’s ability to manage extreme weather conditions. A key aspect of the plan involves building a robust system of advanced radars, supercomputers, satellites with high-performance sensors, and GIS-based decision support systems. This cutting-edge tech is expected to boost India’s short- and medium-range weather forecasting accuracy by 5-10%, ensuring no event — such as cloudbursts — goes undetected.<br /><div type="Article" hostid="261" msid="113251187" title="India braces for an intensely harsh winter as La Niña takes hold" mstype="2" mssubtype="0"></div>India is not new to weather manipulation efforts. The government has been running pilot projects, such as the Cloud Aerosol Interaction and Precipitation Enhancement Experiment (CAIPEEX) in Maharashtra, to study cloud properties and enhance rainfall.<br /><h2>Why is weather manipulation necessary and is it safe?</h2>Extreme weather events in India, like deadly floods, droughts, and hailstorms, have noticeably increased in frequency due to climate change. Mission Mausam could potentially give India an edge in combating these disasters. For example, imagine preventing a flood by suppressing rain or creating artificial rain during a drought. India’s investment of Rs 2,000 crore over two years certainly reflects the seriousness of the mission, which is expected to expand further as research progresses.<br /><br />However, weather modification, including cloud seeding, is not without controversy. Globally, cloud seeding has had limited success, with countries like the US, Russia, and China also experimenting with these methods but facing inconsistent results. Even former MoES Secretary Madhavan Rajeevan has noted that “the technology is complex” and still in its developmental stages.<br /><div type="Article" hostid="261" msid="112825937" title="Shivaji Maharaj Statue collapse: Identifying 5 reasons behind the accident" mstype="2" mssubtype="0"></div>Further, the potential downsides can't be ignored. While controlling the weather could save lives, meddling with natural processes is risky. Weather manipulation might have unintended ecological consequences, like shifting rainfall patterns that could harm ecosystems and agriculture. It may also pose geopolitical risks, as neighbouring countries could accuse India of altering weather systems that affect their own climates.<br /><br />Ultimately, while the idea of managing the weather may seem appealing, it opens up a Pandora’s box of environmental and ethical challenges that need careful consideration.<br /><meta content="cms.next" name="cmsei" />

The Indian government is taking steps to control rainfall and weather within five years — is it too risky of a move?

New Delhi: The Supreme Court on Friday granted bail to Chief Minister Arvind Kejriwal in a corruption case registered by CBI in the alleged excise policy scam.<br /><br />A bench of Justices Surya Kant and Ujjal Bhuyan delivered the judgement today. In its judgement the Supreme Court said that prolonged incarceration amounts to unjust deprivation of liberty.<br /><br />The apex court had reserved the verdict on September 5 after hearing counsels representing Kejriwal and CBI.<br /><br />During the hearing of the case, Additional Solicitor General SV Raju, appearing for CBI, objected to Kejriwal for not approaching the trial court for bail. Kejriwal had directly approached the Delhi High Court for bail and then moved to the apex court.<br /><br />On August 5, the Delhi High Court upheld the arrest of the Chief Minister as "legal." It had dismissed Kejriwal's plea challenging his arrest, saying it was only after sufficient evidence was collected and sanction was obtained in April 2024 that the CBI proceeded with further probe against him.<br /><br />The High Court had said there was no malice in the acts of the CBI, which demonstrated how Kejriwal could influence witnesses who could muster the courage to depose only after his arrest. It had said Kejriwal is not an ordinary citizen but a distinguished recipient of the Magsaysay Award and the convenor of the Aam Aadmi Party.<br /><br />"The control and the influence which he has on the witnesses is prima facie borne out from the fact that these witnesses could muster the courage to be a witness only after the arrest of the petitioner, as highlighted by the special prosecutor," it had said in its order.<br /><br />Kejriwal was arrested by the ED on March 21, 2024, in connection with a money laundering probe relating to alleged irregularities in the now-cancelled Delhi excise policy 2021-22.On June 26, 2024, AAP Chief Arvind Kejriwal was arrested by CBI while he was in custody of the Enforcement Directorate in the excise case. (ANI)<br /><br /><meta content="cms.next" name="cmsei" />

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