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BusinessPhoto: Economic TimesChief Economic Adviser Anantha Nageswaran warned about financial risks associated with artificial intelligence optimism. He noted that finance ministries, central banks, and households might face costs even if AI meets expectations. Nageswaran plans to detail five specific risks and propose government measures to address these concerns in upcoming discussions.
Economic Times·
BusinessPhoto: Mint MarketsCupid Chairman and MD Aditya Kumar Halwasiya purchased 5.10 crore shares of PC Jeweller for approximately ₹73.59 crore in a bulk deal. This acquisition came after PC Jeweller achieved a debt-free status and coincided with a 12.59% rise in its share price on Friday, following a 70% rally in six months.
Mint Markets·
PoliticsPhoto: Prabhat KhabarA protest against Chief Election Commissioner Gyanesh Kumar took place at Parliament Square, London, over alleged irregularities in the voter list revision. YouTuber Dhruv Rathee shared a video from the protest where he called Prime Minister Narendra Modi the biggest traitor. Both supporters and opponents of Gyanesh Kumar gathered, demanding his resignation. The Students Federation of India UK also participated.
Prabhat Khabar··London
BusinessPhoto: Mint CompaniesAxis Bank reported a 38% year-on-year increase in net profit for Q2FY27, reaching ₹7,003 crore. The growth was driven by lower provisions and strong loan demand. The bank expects credit demand to stay robust and aims to monetize digital payments via its Freecharge platform.
Mint Companies·
EntertainmentPhoto: HT EntertainmentRenowned Tamil music composer Deva, known for pioneering the 'gana' style and scoring over 400 films, passed away following a cardiac arrest. Superstar Rajinikanth was visibly emotional while paying his last respects at Deva's residence. Tamil Nadu Chief Minister C Joseph Vijay consoled the family and announced state honours for the funeral. Deva notably composed music for Rajinikanth's signature title credits.
HT Entertainment·
BusinessPhoto: MintIndia implemented the first import duty concessions under its free trade agreement with New Zealand starting October 20. The Finance Ministry notified revised customs duty rates, including zero basic customs duty and cess on fresh, chilled, and frozen sheep meat. Kiwi fruit imports valued at $2.50 per kg or more will face a 15% basic customs duty. Concessions also apply to products like wine and manuka honey, subject to specific classifications and conditions.
Mint·
Economic Times·
Photo: Economic TimesChief Economic Adviser Anantha Nageswaran warned about financial risks associated with artificial intelligence optimism. He noted that finance ministries, central banks, and households might face costs even if AI meets expectations. Nageswaran plans to detail five specific risks and propose government measures to address these concerns in upcoming discussions.
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