IT major #Infosys announced that it is collaborating with #Microsoft to jointly develop industry-leading solutions that leverage Infosys Topaz, Azure OpenAI Service and Azure Cognitive Services.

Read here: https://www.livemint.com/industry/infotech/infosys-collaborates-with-microsoft-to-accelerate-and-democratize-industry-wide-adoption-of-generative-a-11695728678066.html

External Affairs Minister Jaishankar has taken a veiled attack on Canada at the #UNGA amid India's row with the country over the killing of Khalistani terrorist #HardeepSinghNijjar, saying “political convenience determines responses to terrorism, extremism, and violence".

Read here: https://www.livemint.com/politics/political-convenience-determines-responses-to-terrorism-jaishankars-veiled-attack-on-canada-at-unga-11695735342946.html

The government has approved the re-appointment of M Rajeshwar Rao as Deputy Governor of Reserve Bank for a period of one year with effect from October 9, 2023.

Read here: https://www.livemint.com/industry/banking/rbi-deputy-governor-m-rajeshwar-rao-gets-one-year-term-extension-11695739228882.html

In a new transition of roles, #OgilvyIndia announced that #PiyushPandey has stepped down from the post of chairman global creative and executive chairman and has been replaced by VR Rajesh.

The new change will come into effect from 1 January 2024.

Read more: https://www.livemint.com/industry/advertising/piyush-pandey-end-of-a-legendary-inning-11695755786910.html

#Byju’s plans to fire as many as 4,000 employees in the latest round of layoffs, according to people familiar with the development.

The move comes within days of the appointment of Arjun Mohan as the company’s new chief executive officer for India.

Read more: https://www.livemint.com/companies/start-ups/byjus-plans-to-cut-4-000-staff-after-ceo-change-11695752257127.html

#MintCharts | India had an estimated 6.6 million frontline workers in 2022-23, down 17.5% from 2021-22, said a new Frontline Index 2023 report released by BetterPlace, a workforce SaaS platform. The fall in frontline jobs was driven primarily by the #ecommerce sector. While e-commerce comprised 70% of the frontline workforce in 2021-22, its share was just 33% in 2022-23.

#PersonalFinance | Industry experts have a word of caution for retail investors. They warn that a combination of financial strategies, market manipulation, and information dissemination can impact stock valuations.

Read more: https://www.livemint.com/money/personal-finance/initial-public-offerings-why-retail-investors-should-be-wary-of-smes-11695740716077.html#:~:text=There%20is%20a%20time%20lag,heavy%20losses%20to%20retail%20customers

#PersonalFinance | Building a portfolio is a complex exercise, and it has to be maintained too. A person's portfolio holds different types of assets based on her financial goals, and each asset gives different types of returns, which is why portfolio must have an ideal mix of financial products.

Here's a look at how four commonly used asset types- equity, cash, gold and fixed income-have done in different periods.

#WritersStrike | Hollywood's writers union declared the end of the strike that began in May, allowing its members to return to work today while they consider a proposed three-year deal that would involve pay raises, some protections around use of artificial intelligence along with some other gains.

Read more: https://www.livemint.com/news/hollywood-writers-union-ends-strike-with-pay-raises-protections-over-ai-use-among-other-gains-11695781258107.html

Out of 64 economies, #India has slipped four spots to 56th position, compared to its 52nd position in 2022, in the 2023 World Talent Ranking, according to the International Institute for Management Development (IMD) release.

Read here: https://www.livemint.com/economy/india-slips-4-spots-to-56th-position-in-2023-world-talent-ranking-imd-11695810622395.html

Veteran investor #MarkMobius of Mobius Capital Partners' has said that India is the place to be when it comes to emerging markets (EM) investing.

According to a report by CNBC-TV18, Mobius said that it does not make sense to reduce weightage on India and that the country has terrific investment opportunities.

Read here: https://www.livemint.com/market/stock-market-news/india-has-terrific-em-investing-opportunities-doesnt-make-sense-to-reduce-weightage-mark-mobius-11695819658957.html

Cipla in advanced talks with 2 groups | Diamond industry grapples with major slump in demand | Pre-poll budget meetings to weigh food, fertilizer sops

Read today's Mint e-paper here: https://epaper.livemint.com

#MintCharts | Until August, foreign portfolio investors had remained net buyers of Indian equities for six months. But this month so far, they have offloaded shares worth over ₹10,000 crore as US #bonds, with their rising yields, have become a more lucrative option.

Market analysts believe that uncertain global cues and the sharp surge in US bond yields will keep sentiments on the edge in the near term.

Tech giant #Meta has announced that it is bringing a #ChatGPT-like AI chatbot to its biggest social media offerings - WhatsApp, Instagram and Messenger.

The new chatbot named #MetaAI is powered by a ‘custom model’ which uses the company Llama 2 language model along with its latest large language model research.

Read here: https://www.livemint.com/ai/artificial-intelligence/meta-to-bring-chatgpt-style-ai-chatbot-to-whatsapp-instagram-and-facebook-11695864582949.html

According to the ‘India Ageing Report 2023’, the United Nations Population Fund (UNFPA) in collaboration with the International Institute for Population Sciences (IIPS), India's one-fifth of population will comprise people above 60 by 2050.

Read here: https://www.livemint.com/news/india/indias-elderly-population-to-double-by-2050-surpassing-number-of-children-warns-report-11695865492972.html

#PersonalFinance | Sebi introduced various measures to streamline and make #mutualfunds more accessible. The advent of technology speeded up the process.

Mint spoke to some industry veterans to understand how the MF ecosystem has evolved since the 90s.

Read here: https://www.livemint.com/money/personal-finance/the-evolution-of-mutual-funds-in-india-from-frenzy-to-fintech-11695833072844.html

#PersonalFinance | We have hand-picked 20 #mutualfunds for your portfolio that have jumped through hoops of good returns, low risk, good portfolio hygiene & our own qualitative research.

We have restricted the choice universe to 10 categories out of the total 37 & given you at least two options to pick from each.

During the GOP's second debate for the 2024 US presidential election, #VivekRamaswamy, a Republican Presidential candidate and Indian-American multimillionaire biotech entrepreneur, stated that he believes that gender dysphoria should be regarded as a mental health disorder. #RepublicanDebate

Read here: https://www.livemint.com/news/us-presidential-polls-2024-gender-dysphoria-mental-health-disorder-vivek-ramaswamy-gop-debate-donald-trump-joe-biden-11695882157908.html

#MSSwaminathan, renowned as the pioneer of the Green Revolution in India, passed away at the age of 98 in Chennai on Thursday.

Read here: https://www.livemint.com/news/india/ms-swaminathan-father-of-india-s-green-revolution-passes-away-at-98-11695885291792.html

India's current account deficit (#CAD) widened in the April-June quarter, from the previous 3 months, largely due to a higher trade deficit, lower surplus in net services and a drop in private transfer receipts, according to data by #RBI

The CAD widened to $9.2 billion, or 1.1% of the #GDP, in the first quarter of fiscal 2023/24, from $1.3 billion, or 0.2% of GDP, in the January-March quarter.

Read more: https://www.livemint.com/economy/indias-current-account-deficit-widens-to-9-2-billion-in-june-quarter-on-higher-trade-deficit-rbi-data-11695891900073.html

#TimesInternet has picked up media rights for bilateral cricket played in India across key international markets, including North America, the Middle East, and Southeast Asia.

The company has entered into an agreement with Pitch, a UK-based sports marketing agency, for the #BCCI rights, which was initially sub-contracted by the global media rights winner #Viacom18 Media.

Read more: https://www.livemint.com/companies/news/times-internet-picks-up-bcci-media-rights-for-key-international-markets-11695894690767.html