California's New Law: Turning Parking Lots into Affordable Housing 　　Introduction　　In an effort to combat the ongoing homeless crisis, California has enacted a new law that allows religious institutions and nonprofit colleges to convert their parking lots and other properties into low-income housing. 　　The Law's Provisions　　The law, signed by Governor Gavin Newsom, rezones land owned by religious institutions and nonprofit colleges...

November has turned out to be the best month of the year so far for the Nifty, with the index gaining 5.5% so far ahead of Thursday's monthly F&O expiry.

　　Generative AI: Adobe's Finance Organization Embraces Innovation 　　Introduction　　Adobe, a leading software company, is charging full steam ahead towards a future powered by generative AI products, with finance playing a pivotal role in this transformative journey. Dan Durn, CFO and EVP of finance, technology services, and operations at Adobe, emphasizes the significance of the finance organization's involvement in strategic discussions, understanding...

Six persons, including a 47-year-old woman, were injured in the incident. All of them were admitted to the nearby Shatabdi Hospital. They are being treated at the Out-patient Department (OPD) of the hospital and their condition is stable.

Indian shares looked set for a positive start on Thursday, as investors are likely to pick beaten-down stocks after five days of continued selling. While the US stocks surged to record highs as chipmakers rallied, Asian shares remained cautious as the euro hovered near two-month lows on bolstered expectations of rate cuts in Europe. At 7:15 AM, the SGX Nifty futures traded 23.50 points higher at 11,296, pointing to a positive start for the Sensex and the Nifty 50.

A series of purchasing manager index readings in the United States and Europe were weaker than expected, confirming concerns about slower economic growth amid a trade war between the United States and China.

Stock investors have generally been encouraged in recent days by hopes of some headway in trade negotiations between the United States and China, and expectations the European Central Bank (ECB) and the US Federal Reserve will ease monetary policy soon.

The Indian market is likely to open higher on Thursday amid mixed global cues. While the US stocks surged to record highs as chipmakers rallied, Asian shares remained cautious as the euro hovered near two-month lows on bolstered expectations of rate cuts in Europe. At 7:15 AM, the SGX Nifty futures traded 23.50 points higher at 11,296, pointing to a positive start for the Sensex and the Nifty 50.

Karnataka Chief Minister Siddaramaiah, this policy revision reflects the Karnataka government's commitment to staying ahead of all and fostering growth in this critical sector.

Over two decades, Google said that it has employed machine learning and AI to enhance products, focusing on language translations, flood forecasts, and agricultural productivity in India.

TikTok, owned by China's ByteDance, has 125 million active monthly users in Indonesia, a country of more than 270 million people. It has been looking to translate the large user base into a major e-commerce revenue source.

According to Google, the use of artificial intelligence (AI) by developers to build and offer enhanced user experiences emerged as one of the top innovation trends in apps and games. Several of the local developers on the list have even integrated AI into their offerings.

Accusing Kejriwal of being busy with election campaigning in poll-bound states and waking up to the situation late, Minister of State for Consumer Affairs, Food, and Public Distribution, Ashwini Kumar Choubey, said that the Centre had held a meeting with Chief Secretaries and senior officials from four North Indian states on 20th October to discuss measures to reduce air pollution, which he claims weren't adopted by the AAP-led governments.

On Tuesday, the Gehlot government invited bids for both projects to build the dams within the next four years. The chief minister had announced both projects in last year’s budget.

Activists have contended that words like "ecotourism facilities" and "any other purposes" are too vague and may pave the way for widespread exploitation and misuse.

A fire that broke out at the waste treatment plant in Kochi on March 2, 2023, continues to spread toxic fumes even after 11 days of the incident. The Kerala government has said that 95 percent of the fire has been extinguished, but the smoke from the landfill has not entirely subsided. 

10:06 AM EDT, 08/05/2024 (MT Newswires) -- Adams Diversified Equity Fund ( ADX ) said Monday that it expects to purchase tendered shares on a pro rata basis as nearly 41.9 million shares were validly tendered and not withdrawn, exceeding the offer amount. The fund expects to accept for payment all 12.4 million shares subject to the offer, which expired...

10:03 AM EDT, 08/05/2024 (MT Newswires) -- TXNM Energy (TXNM) said Monday it officially changed its name from PNM Resources ( TXNM ), effective Friday. The company said its common stock continues to be listed on the New York Stock Exchange, but now trades under the ticker symbol TXNM as of Monday. Its previous name, PNM Resources ( TXNM ),...

Aug 5 (Reuters) - Dun & Bradstreet ( DNB ) said it has received inbound interest and was working with Bank of America ( BAC ) to evaluate the inquiries, days after a report that the data and analytics provider was exploring options including a potential sale. The company said on Monday that the interest was from third parties, but...

10:16 AM EDT, 08/05/2024 (MT Newswires) -- Gladstone Investment ( GAIN ) said Monday it acquired Grand Cayman Villas and Condos for $18.5 million of secured first lien debt from its portfolio company Nocturne Luxury Villas. The transaction increases Gladstone's total debt and equity investments at cost in Nocturne to $88.2 million, Senior Managing Director of Gladstone Erika Highland said...

Mercurity Fintech Holding announced plans to raise $800 million to establish a Bitcoin treasury reserve. The New York-based digital fintech firm aims to use the funds to acquire and hold BTC  as part of a broader strategy to reshape its treasury operations through tokenized finance. Mercurity Fintech Bets Big on Bitcoin According to the official press release, MFH plans to...

Around 28,000 Bitcoin options contracts will expire on Friday, June 13, and they have a notional value of roughly $3 billion. This event is very similar to last week’s options expiry, so the impact on spot markets is likely to be minimal. They have already tanked by more than 7% over the past 24 hours. Bitcoin Options Expiry This week’s...

Democratic Senators Elizabeth Warren and Richard Blumenthal issued a letter to Meta CEO Mark Zuckerberg, raising concerns over reports that the tech giant is once again exploring the launch of its own stablecoin. In the letter, the senators warn that Metas renewed interest in digital currency, reminiscent of its failed Libra and Diem initiatives, could pose serious risks to financial...

More than $190 billion has exited crypto markets over the past 12 hours, sending total capitalization tumbling over 7% to $3.36 trillion. The crypto crash followed news reports that Israel had launched a missile attack on Iranian nuclear sites in a pre-emptive strike. Israel has declared a state of emergency, saying the country expected counter-attacks “in the immediate future,” reported...