Oil drops for fourth straight session as hawkish US Fed stance weakens demand outlook; Brent at $81/bbl

Oil drops for fourth straight session as hawkish US Fed stance weakens demand outlook; Brent at $81/bbl

Oil prices declined on Thursday, May 23, for the fourth session in a row, as the prospect of higher-for-longer US interest rates raised worries around demand growth in the world’s biggest oil market. High interest rates increase the cost of borrowing, which can slow down economic activity and dampen demand for oil. Brent crude oil … Read more

How estate planning can help you protect your legacy

How estate planning can help you protect your legacy

Most people fear the idea of estate planning or laugh it off thinking they are immortal. Estate planning is about ensuring your loved ones or a third party get access to your assets in a manner that you would want them to. Estate planning at its core is about putting arrangements in place for how … Read more

AI models can improve corner-kick tactics

AI models can improve corner-kick tactics

To Zhe Wang at Google DeepMind, an artificial-intelligence (AI) company, corner kicks are like games of chess. Partly because both feature opposing sides poised to react to a single imminent move. But also, no doubt, because they too may be revolutionised by AI. AI models thrive where there is abundant data. Football more than satisfies … Read more

Gold pulls back from record highs, drops by ₹2,256 over 3 sessions on profit booking

Gold pulls back from record highs, drops by ₹2,256 over 3 sessions on profit booking

Gold prices have pulled back from their record highs in recent trading sessions, marking a reversal after a strong rally. Over the course of the last three sessions, the price of the yellow metal dropped from ₹74,367 per ten grams to reach a new one-week low of ₹72,111 on the MCX, marking a decline of … Read more

ITR Filing 2024: How can you get relief under Section 89(1) for arrear money? A step-by-step guide

ITR Filing 2024: How can you get relief under Section 89(1) for arrear money? A step-by-step guide

Your tax bill may increase if you receive arrears or additional payments, which would put you in a higher tax bracket. In addition to pay, arrears may involve other sources of income. A comprehensive list of what qualifies as arrears for tax purposes is provided below: Any unpaid bonuses, allowances, or back pay are included in … Read more

Lok Sabha Election 2024: Nifty 50 may see a rally to 23,000, but can that last longer? Bernstein answers

Lok Sabha Election 2024: Nifty 50 may see a rally to 23,000, but can that last longer? Bernstein answers

Bernstein expects sectors such as infra, manufacturing, domestic cyclical, financials, and SOEs (state-owned enterprises) to lead, while consumer and IT will lag. For a few days, SMIDs (small and midcaps) may do better than large caps, said Bernstein. The final two phases of the seven-phase Lok Sabha election 2024 are scheduled for May 25 and … Read more

Why should you consider maternity insurance before starting a family? Here are 5 key reasons

Why should you consider maternity insurance before starting a family? Here are 5 key reasons

The increasing expenses associated with childbirth in India are fueling a greater interest in health insurance policies that include maternity coverage. It is essential to explore the real-life challenges of starting a family, emphasising the necessity for thorough preparation. Maternity insurance emerges as a cornerstone in this readiness, offering essential support for the well-being and … Read more

China against ChatGPT; introduces its own secure AI system rooted in Xi Jinping’s ideology

China against ChatGPT; introduces its own secure AI system rooted in Xi Jinping's ideology

China’s top internet authority has introduced a language model rooted in President Xi Jinping’s political philosophy, described as a “secure and reliable” closed AI system, according to a report by the South China Morning Post. Reportedly, the model was developed by the China Cyberspace Research Institute, under the supervision of the Cyberspace Administration of China, … Read more

Exxon case against activist shareholder can proceed, US judge rules

May 22 – A U.S. judge on Wednesday allowed a lawsuit filed by Exxon Mobil against two activist groups seeking to bar their climate resolution to go ahead against one of the two groups. The oil company’s lawsuit raised alarm among activists and proxy advisers who argued it would muzzle debate among shareholders and public … Read more