BK Modi Group plans to invest $1 bn in 5 years in realty, wellness

BK Modi Group plans to invest about USD 1 billion over the next five years in Indian real estate and wellness space as it sees huge growth potential in these two sectors. In an interview with PTI, group founder B K Modi asserted that there is a tremendous scope of bringing new technologies in the … Read more

RBI had found demonetisation proposal a ‘big opportunity’ to further financial inclusion by incentivising e-payments: Supreme Court

A five-judge Constitution bench of the Supreme Court amid pronouncement of its judgment on a batch of pleas challenging the Central Government’s 2016 decision to demonetise, in New Delhi on January 2, 2023 The majority judgment of the Supreme Court on January 2, 2023 details extensively the documents placed on record by the government to … Read more

Defiant Ukrainians celebrate New Year despite missile strikes by Russia

Ukrainians cheered from their balconies while their air defences blasted Russian missiles and drones out of the sky in the first hours of 2023, as Moscow saw in the new year by attacking civilian targets across Ukraine. Ukraine’s Air Force command said it had destroyed 45 Iranian-made Shahed drones overnight —32 of them on Sunday … Read more

ChatGPT Wrote My Cover Letters. Here’s How Recruiters Responded

I got the chatbot to write cover letters for real jobs and asked hiring managers what they thought. Most of the managers would have given me a screening call but said the letters lacked personality. A new version of an AI chatbot from OpenAI, ChatGPT, has had the internet in a frenzy over the last … Read more

Six big banks of Wall Street score $1 trillion of profit in a decade

Malick Diop felt something shifting on Wall Street. He’d joined Morgan Stanley in the grim days of 2009, when big banks were trying to pay back taxpayer bailouts and deflect public fury. But four years later, the ire was fading and ambition was the order of the day. “It really felt like, for the first … Read more

Short-Sellers Made $15 Billion Betting Against Tesla Shares This Year

The value of Elon Musk’s company has sunk by almost 70% from its November 2021 peak. Musk has refused to draw a link between Tesla’s decline and his takeover of Twitter. Short-sellers made $15 billion this year betting that shares in Tesla would fall, as about $800 billion was wiped off its value, new research … Read more

This Finland town is home to Santa Claus

Santa Claus is undoubtedly a very busy man. About 5,00,000 visitors from across the world visit the small town of Rovaniemi every year, many just to see him. So when a group of us — journalists and influencers from India — get an appointment with Father Christmas, we dress in appropriate shades of red then … Read more

ChatGPT Will Be Overhyped, Overlooked, and Then, Perhaps, Essential

ChatGPT has been touted as a Google killer and the turning point for AI to enter the mainstream. It’s fascinating to play with, but ChatGPT is still limited, and the backlash has already started. Emerging technology like ChatGPT is usually called overhyped until it becomes essential. Over the past few weeks, social-media feeds and tech-pundit … Read more