The Central Board of Indirect Taxes & Customs (CBIC) will require that the production methods for lab-grown diamonds be declared during export and import starting December 1. This rule is meant to improve processing efficiency and support the expanding market, which is expected to reach $5 billion by 2025.
Big tech companies are getting ready to spend more than $200 billion this year on artificial intelligence. Firms like Amazon, Microsoft, Meta, and Alphabet are ramping up their investments, showing they believe AI will be profitable in the long run, despite earlier concerns from Wall Street.
A. O. Smith Corporation has bought Pureit, a water purification brand that was owned by HUL, for ₹601 crore ($72 million). This deal is not expected to affect earnings much in the first year. The acquisition aims to boost A. O. Smith's premium products and improve its online sales.
HCLTech's Global Cyber Resilience Study 2024-25 shows that 81% of security leaders expect cyberattacks in the coming year. However, only 48% are sure they can prevent them. The study points out that attacks using AI are a major concern, with North America having the highest rates of attacks. Many leaders plan to invest more in cybersecurity, but there are still big gaps in skills and issues with recovering after attacks.
A fire broke out on a moving train in Haryana after a passenger's firecrackers exploded. This incident caused minor injuries to a few passengers. Authorities think a short circuit may have started the explosion. Forensic experts are looking into the scene.
Baba Vanga, a Bulgarian clairvoyant known for her accurate predictions, expects major global changes from 2025 to 2043. She sees a big conflict in Europe and the establishment of complete Muslim rule. Even with some skepticism, her prophecies keep people interested and spark conversations about future societal shifts.
AMPIN Energy has landed a 27 MW solar project in Maharashtra, boosting its partnership with Varroc Group. This new project brings their total solar capacity to over 60 MW, allowing Varroc to cover 70% of its energy needs with renewable sources, which will help cut costs and reduce carbon emissions.
A hacking group is taking advantage of Microsoft Teams to carry out ransomware attacks by pretending to be IT staff. They trick employees into installing harmful software, leading to security breaches. The group, Black Basta, came from the disbanded Conti syndicate and uses social tricks to get into company networks.
At the Nvidia Summit in Mumbai, Meesho announced that it will open-source its machine learning platform, which includes its feature store and model orchestrator. This move is meant to help developers and data scientists improve AI capabilities throughout the ecosystem.
Waaree Energies, a top solar panel maker in India, is getting ready for a strong stock market entry with a grey market premium (GMP) of Rs 1,300. The IPO, priced between Rs 1,427 and Rs 1,503, attracted a lot of interest from big investors and is expected to list on October 28, 2024.