AnthropicAnthropic’s AI paradox: More powerful systems could mean bigger risks to humanity Anthropic’s much awaited IPO is built around a striking contradiction: the artificial intelligence company wants public investors to help finance technology it says could transform the global economy, while warning in the same prospectus that increasingly powerful AI could pose catastrophic or existential…
Pune: A powerful El Niño developing over Pacific and expected to intensify further could significantly influence India’s weather in the coming months, affecting the northeast monsoon, winter conditions and the Oct-Dec cyclone season, scientists warned on Wednesday.According to them, the impacts are unlikely to follow the traditional El Niño playbook of drought alone, with a…
Bloodbath at Dalal Street NEW DELHI: Dalal Street could be staring at its longest losing streak in nearly 25 years, with investors losing Rs 6 lakh crore. Benchmark indices came under heavy selling pressure on Thursday, with BSE Sensex and NSE Nifty50 falling more than 1% as persistent foreign investor outflows, rising US bond yields…
PIB debunks fake Saturday holiday notification (representative image) The Press Information Bureau (PIB) Fact Check unit on Thursday debunked a document circulating on social media that claimed the Central Government had declared every Saturday a public holiday for all public sector banks, including the State Bank of India (SBI).In a post on X, PIB Fact…
GST collections cross Rs 2 lakh crore India’s gross Goods and Services Tax (GST) collections once again crossed the Rs 2 lakh crore mark in September, rising 14.7% year-on-year to Rs 2.04 lakh crore, according to government data. The increase was driven by higher revenue from both domestic transactions and imports.Revenue from domestic transactions grew…
BIS hallmarking serves as a system for determining the purity of precious metal articles. (Image for representative purpose only) Gold hallmarking, a sign that allows you to verify the purity of the gold you are purchasing, has become costlier. And, the fallout of that is that there is a possible rise in fraudsters who are…
Factory growth hits 7-month high, PMI rises to 55.1 India’s manufacturing activity scaled up sharply in September, as stronger demand pushed up sales and production, while companies stepped up hiring and stock-building.The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose to 55.1 in September, from 52.8 in August, marking the strongest improvement in…
The shift in approach follows a recovery in oil flows through the Strait of Hormuz in recent months. Amid the ongoing US-Iran conflict, India’s oil refiners are changing tactics to procure crude from the Middle East through the Strait of Hormuz. This narrow channel of water has been effectively shut since the start of the…
MUMBAI: Consumer demand appears to be losing momentum, with loans for consumer durables and credit card outstandings growing just 2.4% and 3.6% year on year, respectively, in Aug. At the same time, banks have seen strong demand for secured borrowing, with gold loans adding Rs 98,096 crore in the first five months of FY27, almost…
Overall, MCX Gold continues to maintain a positive technical outlook, with 155,000 as the potential upside level. Gold and silver price prediction today: Gold is seeing some fresh buying interest, while silver is weaker in comparison, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. Here’s what the expert has to say:…
