The US Federal Reserve has cut the target range for federal funds rate by 50 basis points, from 5.25 and 5.5 per cent to 4.75 and 5 per cent.

BFSI news wrap

BFSI news wrap: Your weekly wrap-up of the BFSI sector

Like rivals including Porsche and BMW, Mercedes faces particular challenges in the Chinese premium and luxury market, where a price war driven by local carmakers is hitting demand

Reuters

After reaching a deal with Microsoft on Tuesday that removes limits on how OpenAI raises money, Altman laid out even more ambitious plans to build AI infrastructure to meet growing demand

Adobe MAX event highlights include AI assistant, Project Moonlight, more. iQOO 15 set for India launch on Nov 26. Battlefield RedSec released. OPPO Find X9 series launched. iOS 26.1 coming soon

Business Standard

Adobe and YouTube have partnered to integrate Premiere's mobile editing suite directly with YouTube Shorts, to soon let iPhone users create, edit, and publish short-form videos from a single workflow

The Allahabad High Court on Wednesday set aside a trial court order that awarded capital punishment to four persons and life imprisonment to another in connection with the terrorist attack on a CRPF camp at Rampur district on the night of December 31, 2007, in which eight CRPF jawans died and five sustained injuries.
"The defect in investigation went to the root of the case and ultimately culminated in the acquittal of the accused persons," a bench comprising Justices Sidharth Verma and Ram Manohar Narain Mishra said.
It acquitted Mohd. Sharif, Sabauddin, Imran Shahjad, Mohd. Farooq and Jang Bahadur Khan on murder and other serious charges, saying the prosecution "miserably failed to prove the case against the accused for the principal offence beyond reasonable doubt".
The bench, however, found the five, including Jang Bahadur Khan who had been sentenced to life imprisonment, guilty under Section 25 (1-A) of the Arms Act and sentenced them to ten years of rigorous ...

The five had appealed against the judgment passed by the additional district and sessions judge of Rampur on November 1, 2019, and November 2, 2019

Press Trust of India

Punjab on Wednesday saw the season's highest single-day spike in stubble burning with 283 instances, official data showed.
The latest addition took the total farm fire count since September 15 to 1,216.
Tarn Taran, Amritsar, Sangrur and Ferozepur districts accounted for the bulk of crop residue burning cases, according to Punjab Pollution Control Board (PPCB) data, as many farmers continued to disregard the state government's appeal to not set the crop residue on fire
According to the data, the highest farm fire incidents were reported from Tarn Taran at 296, followed by Amritsar, 173, Sangrur, 170, Ferozepur, 123, Patiala, 73, Bathinda, 61, and Kapurthala at 48.
Stubble burning in Punjab and Haryana is often blamed for the rise in air pollution in Delhi-NCR.
As the window for the Rabi crop, wheat, is very short after paddy harvest in October-November, some farmers set their fields on fire to quickly clear off crop residues.
According to PPCB data, the total area under paddy ...

The latest addition took the total farm fire count since September 15 to 1,216

Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement

Russia-Ukraine War

The year 2022 is coming to an end and a lot has happened that shaped the world in the year. Let's have a look at some of these significant events

Google Messages

In January, Google rolled out end-to-end encryption in group chats for messages app users enrolled in the beta programme

Blend launches Blend Studio: AI tool for ecommerce photography

New Delhi [India], March 16 (ANI/PNN): Blend, an AI-powered design and photography application for DTC brands and ecommerce sellers, recently launched Blend Studio - the Chat GPT for product photos.

Celebrity and Travel Photographer Rahul Lokare from Flamingo Productions creates waves of change in the world of photography.

Xiaomi 13 Pro

Priced at Rs 79,999 for the 12GB RAM and 256GB on-board storage, the Xiaomi 13 Pro offers a novel imaging experience on top of a premium package

BFSI news wrap: Your weekly wrap-up of the BFSI sector

The US Federal Reserve has cut the target range for federal funds rate by 50 basis points, from 5.25 and 5.5 per cent to 4.75 and 5 per cent.

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