Nirmala Sitharaman, India's Finance Minister, asked for more help from international financial institutions at the G7 African Ministerial Roundtable. She stressed the importance of boosting lending from Multilateral Development Banks to meet Sustainable Development Goals and improve development finance in Africa.
The National Investigation Agency (NIA) has started looking into four recent train derailments to check for possible sabotage. Investigators found items like gas cylinders and cement blocks on the tracks, which suggests someone might be trying to cause accidents. While there's no solid proof of sabotage yet, authorities are staying alert and working with state officials to improve railway safety.
No more OTPs may be delivered after November 1 due to new TRAI rules requiring traceability of transactional messages. Telecom companies warn that many service providers are unprepared, leading to potential disruptions. A two-month extension is requested for compliance.
Nvidia has taken the lead from Apple to become the world's most valuable company, thanks to high demand for its AI supercomputing chips. Nvidia's market value hit $3.53 trillion, just ahead of Apple's $3.52 trillion. This shift highlights Nvidia's key role in the AI industry.
Essar Group has brought on Manu Kapoor as the Group Chief of Public Policy and Corporate Affairs. With more than 30 years of experience, Kapoor will help strengthen Essar's connections with various stakeholders, supporting the company’s goals in energy transition and innovation.
Swiggy is teaming up with PharmEasy to bring 10-minute medicine deliveries to Bengaluru. This move aims to boost average order values and profits as competition in quick deliveries heats up. While Swiggy used to focus on basic over-the-counter medicines, it's now expanding its online pharmacy services.
Anup Rau, the CEO of Future Generali India Insurance, says the government needs to step in to improve health insurance in India. He believes waiving the GST on health premiums would make them more affordable and increase their use. He also mentions that it’s time to update the motor third-party rates, which have stayed the same for years. With healthcare costs going up, focusing more on private insurance could help the government while creating competition in the market.
A former Nvidia employee, Luke Durant, found the largest known prime number, 2^31,636,281 - 1, using thousands of GPUs and free software. This discovery was made through GIMPS, a platform focused on finding Mersenne primes, showing a big change in how these numbers are calculated.
A recent SBI research report analyzing Income Tax Return (ITR) data shows that income inequality among individuals in India has decreased. The Gini Coefficient dropped from 0.489 in FY12 to 0.460 in FY23, suggesting that government efforts are helping lower-income groups. The report expects this trend to continue, predicting a further decrease to 0.441 by AY25.
YouTube has launched YouTube Shopping in India, letting creators tag brands in their videos. By teaming up with Flipkart and Myntra, creators can earn money on sales. To join, channels need to be part of the YouTube Partner Program, be based in India, and have more than 10,000 subscribers.