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Get the appGetThe Reserve Bank of India (RBI) chief stated that financial markets can behave irrationally as the Indian rupee's returns approach record low levels. This comment highlights concerns about currency volatility and market unpredictability amid economic pressures. The RBI chief's remarks underscore the challenges in managing currency stability in turbulent market conditions.
Reuters·
EntertainmentActor Akshay Kumar mourned the sudden death of veteran actor Nana Patekar, recalling their work together in the 2007 comedy film Welcome and the recent Housefull 5. Akshay praised Nana's unique acting style, voice, and intensity, calling him 'truly one of a kind.' He expressed sadness and cherished memories from their collaborations.
HT Entertainment·
PoliticsTelangana's Deputy Chief Minister reported a record peak power demand of 19,892 MW. Despite challenges posed by El Nino, the government is committed to ensuring uninterrupted power supply. The Congress government firmly opposes privatization of power utilities in the state, maintaining control over electricity services.
ET Energy Power··Telangana
BusinessThe stock market is expected to open slightly lower following a previous session decline, influenced by the RBI's repo rate hike to 5.5% and a shift to a calibrated tightening stance amid inflation concerns. GIFT Nifty futures indicated a weaker start at 22,600.5. Rising oil prices above $100 per barrel due to Middle East supply issues and foreign investor selling of Rs 6,121.37 crore also impacted market sentiment. Tata Consultancy Services began the September-quarter earnings season for large firms.
TOI Business·
TechnologyThree former OpenAI employees, dismissed after an investigation into sensitive information handling, have called on the company to enhance independent oversight of advanced AI systems. In a letter to board members and safety committees, they warned that future AI models may become increasingly difficult to monitor and urged the implementation of outside audits to ensure safety.
Firstpost Tech·
EntertainmentRitesh Deshmukh expressed deep shock and sadness over Nana Patekar's death, praising him as a unique actor with unmatched versatility across hero, villain, and comedic roles. He recalled working with Nana in films like 'Bluffmaster' and 'Housefull 5' and lamented not collaborating in Marathi cinema. Akshay Kumar also shared his sorrow on Nana's passing, highlighting the loss to the film industry and fans.
Amar Entertainment·
Reuters·
The Reserve Bank of India (RBI) chief stated that financial markets can behave irrationally as the Indian rupee's returns approach record low levels. This comment highlights concerns about currency volatility and market unpredictability amid economic pressures. The RBI chief's remarks underscore the challenges in managing currency stability in turbulent market conditions.
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