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Uttarakhand’s Economic Growth in Focus as Global Investors’ Summit Begins.

by theparliamentnews.com 8 December 2023

written by theparliamentnews.com

Dehradun: Prime Minister Narendra Modi is set to inaugurate the two-day Global Investors’ Summit at the Forest Research Institute in Dehradun on December 8, announced Chief Minister Pushkar Singh Dhami. The event aims to attract investments to Uttarakhand, drawing inspiration from the successful Vibrant Gujarat model.

Energy Conclave and Investment Potential:

As part of the summit, the Destination Uttarakhand Energy Conclave, showcased the state’s investment potential, particularly in the power sector. Dhami shared that MoUs worth over Rs 40,000 crore were signed during the Energy Conclave, highlighting the significant investment opportunities in Uttarakhand.

Prime Minister’s Guidance:

Dhami expressed gratitude for the constant guidance from Prime Minister Modi in matters concerning the state’s development. The concept of Destination Uttarakhand is modeled after Vibrant Gujarat, a successful initiative in Gujarat to attract investments and promote economic growth.

Security Measures and Preparations:

With the Prime Minister’s visit scheduled, Additional Chief Secretary Radha Raturi and acting DGP Abhinav Kumar visited the summit venue to assess preparations. Emphasizing the importance of security, Raturi instructed officials to ensure all arrangements are made well in advance. Adequate parking facilities and a smooth route diversion plan were emphasized to minimize inconvenience to the public.

Global Outreach and Investment Promotion:

Chief Minister Dhami undertook roadshows in prominent Indian cities and in London and Birmingham, UK, to attract investments to the state. The city is adorned to welcome investors and delegates for the two-day event, set to conclude on December 9.

Conclusion:

The Global Investors’ Summit in Dehradun is poised to be a significant platform for promoting investments in Uttarakhand. With the Prime Minister’s involvement and the state’s proactive approach, the event is anticipated to contribute to the economic growth and development of Uttarakhand

8 December 2023 0 comment

Blog Education & Tech Featured World

Google Launches Gemini AI: A Smarter Chatbot for Board Discussions. Here’s all you need to know.

by theparliamentnews.com 7 December 2023

written by theparliamentnews.com

Since the recent launch of ChatGPT, AI discussions have been buzzing worldwide. Several tech giants have introduced their AI models, and now Google has joined the race with the unveiling of ‘Gemini AI,’ an advanced Artificial Intelligence model.

Claiming to be smarter than existing models, Google has introduced its Advanced Artificial Intelligence model ‘Gemini AI.’ Sundar Pichai, the CEO of Google, shared that this model draws inspiration from human conversations. In simple terms, it aims to understand interactions between individuals, shaping the development of this AI model.

Developed collaboratively by DeepMind and Google Research teams, Gemini AI is capable of handling various tasks, including text, images, audio, and coding. It offers three versions: ‘Ultra’ for complex tasks, ‘Pro’ for multitasking, and ‘Nano’ for on-device operations.

Available on Google Board Soon

Google Assistant and Board’s Vice President Sisi Hsiao revealed that Gemini Pro version will launch on Board from December 6, offering specialized support. This chatbot will assist users in comprehending stories, summarizing information, engaging in debates, coding, and outlining plans.

New Year, New Features

Starting next year, Gemini Ultra version will also be supported on Google Board. With multi-model reasoning capabilities, Gemini Ultra promises to excel in understanding high-quality code in various coding languages, making it a valuable tool for comprehending, explaining, and generating new code.

Accessible Across 170+ Countries

Google plans to roll out Gemini Pro initially with text-based prompts, with multi-model support coming later. The new AI will be available in over 170 countries, expanding its accessibility. While English will be the initial language, support for additional languages is on the horizon.

Google’s commitment to evolving AI models like Gemini AI reflects a global effort to bring smarter, more intuitive technology to users worldwide. Stay tuned for updates as Google continues to push the boundaries of conversational AI

7 December 2023 0 comment

Blog Featured

Elon Musk backs for Clarity in University Responses to Genocide Calls.

by theparliamentnews.com 7 December 2023

written by theparliamentnews.com

After a congressional hearing on anti-Semitism, Elon Musk criticized Ivy League presidents for not taking a strong stance against calls for violence on their campuses. Here’s a quick look at what happened.

Elon Musk’s Critique:

Elon Musk, known for his outspoken views, took to social media platform X to criticize Ivy League presidents from Harvard, the University of Pennsylvania, and MIT. Musk pointed out their attempts to find nuance in responding to calls for violence against Jews on their campuses.

Congressional Hearing Context:

The recent congressional hearing, led by the House Committee on Education and the Workforce, focused on antisemitic incidents following the Israel-Hamas conflict. Tensions rose across the United States during this time, leading to protests and violence.

University Leaders Under Fire:

The leaders of Harvard, the University of Pennsylvania, and MIT faced criticism during the hearing. Musk highlighted their reluctance to explicitly state that calling for the genocide of Jews violates harassment policies. Musk emphasized that such calls constitute clear harassment.

Controversial Responses:

The nuanced responses of the university leaders during the hearing have sparked controversy. Critics argue that a more unequivocal stance against calls for violence is necessary, given the alarming increase in antisemitic incidents.

Aftermath of October 7 Events:

Following the events of October 7, protests and violence erupted across the United States. A joint report by the Anti-Defamation League and Hillel International noted a decline in the sense of safety among Jewish students on campuses.

Leaders Navigating Challenges:

As educational institutions globally grapple with these challenges, leaders are working to balance freedom of expression with the need to combat bias and hatred. Ensuring a safe environment for all students remains a crucial aspect of this delicate balance.

Conclusion:

Elon Musk’s critique adds to the ongoing conversation about how universities address antisemitism. The congressional hearing and subsequent discussions highlight the importance of clear and unwavering responses to hate, especially in the academic setting.

7 December 2023 0 comment

Blog Business Featured India

Adani Shares Soar, Investor Rajiv Jain gained ₹17,000 Crore in just 9 Months.

by theparliamentnews.com 6 December 2023

written by theparliamentnews.com

In just nine months, Rajiv Jain, an Indian-American investor, saw his firm’s investment in Adani Group shares skyrocket, gaining a whopping ₹17,000 crore.

The Rise of Adani Shares:

Rajiv Jain, the founder of GQG Partners, made a smart move in March by investing in Adani Group shares. Back then, Adani faced challenges, losing nearly 2/3rd of its market value after a report by an American conglomerate. Jain’s early support was crucial, bringing back confidence in the conglomerate.

A Remarkable Turnaround:

Since Jain’s investment, the Adani Group’s market value has soared, rising by billions of dollars. Adani, which faced skepticism, got a boost from Jain’s backing. The conglomerate’s market value, once at $150 billion, has now experienced a remarkable turnaround.

Jain’s Investment Success:

Jain invested ₹20,360 crore initially, and thanks to the rally in Adani shares, the portfolio’s value has ballooned to ₹37,459 crore by December 5. This incredible increase of 84 percent translated into a profit of over ₹17,000 crore.

Recent Developments Boost Adani’s Fortunes:

Recent positive developments, including Adani’s green energy unit securing a $1.4 billion loan and favorable reports from Bloomberg News, further fueled the rally. The sentiments of Adani’s investors were lifted by the Supreme Court’s remark that media reports against the group weren’t always “gospel truth.”

About Rajiv Jain:

Rajiv Jain is the chairman and chief investment officer of GQG Partners, a company he founded in 2016. Born in India, Jain moved to the US in the 1990s to pursue an MBA in Miami. His strategic investment in Adani Group has not only reaped significant rewards for his firm but has also played a key role in Adani’s impressive comeback.

Conclusion:

Rajiv Jain’s timely and confident investment in Adani Group shares has proven to be a game-changer, contributing to the conglomerate’s remarkable turnaround. As Adani continues its positive trajectory, Jain’s success story stands out as a testament to the impact of strategic and well-timed investments in the dynamic world of finance.

6 December 2023 0 comment

Blog Business Featured

Stock Market Updates: 6 Changes You Need to Know.

by theparliamentnews.com 6 December 2023

written by theparliamentnews.com

In a Nutshell: The stock market is buzzing with changes! Here’s a quick rundown of what happened overnight that might affect your investments.

Sensex and Nifty Expected to Shine: Good news for investors! The Sensex and Nifty 50 are likely to hit new highs today. The global mood is positive, and Asian markets traded higher.

Record-Breaking Tuesday: Yesterday, the Sensex and Nifty 50 hit record highs. Sensex rose by 431.02 points, and Nifty 50 settled 168.30 points higher. Investors are feeling optimistic due to strong macro numbers and the recent political victory.

Global Cues for Sensex: Asian markets are on the rise, and US Treasury yields dropped. Japan’s Nikkei 225, South Korea’s Kospi, and Australia’s S&P/ASX 200 all saw gains. Gift Nifty is also pointing towards a positive start for Indian markets.

Mixed Day for US Stock Market: In the US, stock market indices had a mixed day. Dow Jones fell a bit, S&P 500 eased, but Nasdaq Composite ended higher. Fresh employment data raised expectations of a sooner Fed rate cut.

US Job Openings Hit a Low: Job openings in the US hit a more than 2-1/2-year low in October. This suggests that higher interest rates might be affecting the demand for workers, hinting at a possible end to the Federal Reserve’s tightening cycle.

Oil Prices Drop, Dollar Rebounds, and Mastercard’s Move: Crude oil prices fell for the fifth consecutive day due to concerns about increased supply. The US dollar rebounded against various currencies. In a separate move, Mastercard approved a $11 billion share buyback program and raised its quarterly dividend.

Conclusion: The stock market is full of action! Positive global sentiments, record-breaking Tuesday, and various economic indicators are shaping the investment landscape. Stay tuned for more updates as the market journey unfolds.

6 December 2023 0 comment

Blog Featured India

Fredericks Forever: Dinesh Phadnis’ Journey from CID to Eternal Rest.

by theparliamentnews.com 5 December 2023

written by theparliamentnews.com

In sad news, actor Dinesh Phadnis, famous for playing Fredericks on the popular TV show CID, left us due to a liver issue on Tuesday midnight. Co-star Dayanand Shetty confirmed the news, sharing that Dinesh took his last breath at 12.08 am.

Dinesh had been undergoing treatment at Mumbai’s Tunga Hospital, and today, his final rites will be performed at Daulat Nagar Crematorium in Borivali East.

Last week, there were reports about Dinesh suffering a heart attack, but Dayanand Shetty clarified that it was liver damage. He said, “Dinesh was getting treated for some other ailment, but the medication affected his liver adversely.”

Dinesh played the humorous and innocent CID officer Fredericks alongside Shivaji Satam and Aditya Shrivastava. Recalling how he landed the role, Dinesh once mentioned, “I remember I was struggling for roles, and wherever I went to seek work, I met B P Singh (producer of CID). Finally, he asked me if I wanted to join CID, and that’s how my journey began.”

Being the source of humor in the show, he added, “The show earlier had no humor at all. So I was chosen to be the comic relief. And I must say that I have received great response from the masses.”

Fans and colleagues mourn the loss of the talented actor, remembering him for his laughter-filled contribution to the much-loved television series. Our thoughts go out to Dinesh Phadnis’s family and friends during this difficult time.

5 December 2023 0 comment

Blog Environment Featured World

UN Global Climate Action Awards: Recognizing Resilience and Energy Transition in Youth-Led Initiatives. Know What’s more.

by theparliamentnews.com 5 December 2023

written by theparliamentnews.com

Climate change is a big problem, but two young heroes are making a difference! Michelle Zárate Palomec from Mexico and Sebastian Mwaura from Kenya have been chosen for the UN Global Climate Action Awards. Let’s dive into their incredible stories.

Michelle Zárate Palomec: Water Warrior from Mexico

At the age of 27, Michelle is doing amazing things in her community in Oaxaca, Mexico. She is part of a group called Espacio de Encuentro de las Culturas Originarias. Together, they are helping indigenous communities get clean and enough water. In places where water is scarce and pollution makes life tough, Michelle is a hero.

The project helps these communities with cool and affordable technologies for cleaning water, fixing small areas, and being ready for bad weather. Michelle is the winner in the “resilient nature” category because of her work in making communities strong against challenges.

Sebastian Mwaura: Powering Change in Kenya

Sebastian, who is 35, is making waves in Kenya. He started Yna Kenya to speed up the use of electric cars. But he didn’t stop there. He also created the HerGo program to get more women into driving and owning electric cars. His plan is not just about cars but about using clean energy to power them.

Sebastian is the winner in the “energy transition” category. He believes using electric cars and having many places to charge them is a big part of making our future safe from climate change.

A Big Celebration Coming Up!

The UN Global Climate Action Awards will be given to Michelle and Sebastian on December 8, 2023, in Dubai. The event will be super cool with a famous journalist and climate supporter, Sophia Li, hosting. AY Young, who is not just a great singer but also a leader for the UN’s Sustainable Development Goals, will perform. There will also be music from Erick Marques, a DJ from Brazil.

Simon Stiell, the big boss at UN Climate Change, will speak at the ceremony. It’s going to be a celebration of these young leaders and their awesome efforts!

Why This Matters?

These awards are not just about clapping for Michelle and Sebastian. They show us that young people can make a big change. It’s like saying, “Hey, we can solve the climate problem if we work together!” Michelle and Sebastian are like superheroes, and their work is an example for all of us.

Thanks to UN Climate Change and partners like the International Renewable Energy Agency, the International Union for Conservation of Nature, and the United Arab Emirates for making these awards happen. Let’s celebrate the young heroes and hope their stories inspire more amazing actions for our planet!

5 December 2023 0 comment

Blog Featured India

Indian Navy Day 2023 special: PM unveils Chhatrapati Shivaji Maharaj’s Statue.

by theparliamentnews.com 4 December 2023

written by theparliamentnews.com

Something exciting happened recently in the Sindhudurg district, and we can’t wait to share the news with you. Our Prime Minister, Narendra Modi, did something really special.

A Big Unveiling at Rajkot Fort

Picture this: a grand statue of Chhatrapati Shivaji Maharaj was unveiled by our Prime Minister at Rajkot Fort. It’s like a big, beautiful sculpture to honor a great historical figure. Chhatrapati Shivaji Maharaj was an incredible leader, and now, he’s being celebrated in a big way.

Who Was There?

Guess what? The event was attended by some really important people! We had the Governor of Maharashtra, Ramesh Bais, the Chief Minister, Eknath Shinde, and not one but two deputy Chief Ministers, Devendra Fadnavis and Ajit Pawar. It was a grand gathering to honor an even grander personality.

More Fun by the Beach

But wait, there’s more! After the statue unveiling, our Prime Minister headed to Tarkarli Beach. Do you know why? Well, Navy Day is celebrated every year on December 4th, and the beach was buzzing with activity. The Indian Navy showed off their cool ships, submarines, aircraft, and special forces. It’s like a big demonstration to showcase their skills and celebrate Navy Day!

Why This Day is Extra Special

This Navy Day celebration in Sindhudurg has a special touch. It’s all about remembering the amazing maritime heritage of Chhatrapati Shivaji Maharaj. Last year, our Prime Minister did something awesome. He commissioned the first indigenous aircraft carrier, INS Vikrant. And guess what? Chhatrapati Shivaji Maharaj’s seal inspired the new Naval Ensign. It’s like a way of saying, “Hey, our history is cool, and we’re proud of it!”

What’s Next?

So, what’s the big takeaway from all this excitement? It’s a reminder of our rich history and the leaders who shaped it. The grand statue, the Navy Day celebrations, and honoring Chhatrapati Shivaji Maharaj – it’s all about pride and respect for our roots.

A big shoutout to PM Modi for making these moments special and to everyone who was a part of this grand day. Let’s celebrate our history, our leaders, and the spirit of Navy Day together!

4 December 2023 0 comment

Blog Business Featured India

Stock Market goes sky high: BJP’s triumph in elections impacts the confidence of the investors. Know More

by theparliamentnews.com 4 December 2023

written by theparliamentnews.com

Introduction: The Indian stock market witnessed significant gains on Monday, December 4, following the Bharatiya Janata Party’s (BJP) triumph in three major states. The Nifty 50 and Sensex, India’s key market indices, reached new record highs, reflecting investor optimism fueled by the BJP’s victories. Let’s break down the key highlights in simple terms.

Market Milestones: Both the Nifty 50 and Sensex closed at historic highs, with the Nifty 50 reaching 20,686.80 (up 2.07%) and the Sensex soaring to 68,865.12 (up 2.05%). The BSE Midcap and Smallcap indices also hit fresh highs, closing at 34,999.76 (up 1.19%) and 41,051.01 (up 1.20%), respectively.

Market Capitalization Surge: Investors collectively gained about ₹6 lakh crore in a single session as the overall market capitalization rose to nearly ₹343.5 lakh crore. This surge marked a substantial increase from the previous session, making investors richer by approximately ₹5.8 lakh crore.

Top Gainers and Losers: Eicher Motors, Adani Enterprises, and Adani Ports emerged as the top gainers in the Nifty index, while HDFC Life, Britannia Industries, and HCL Tech faced minor losses. Notably, over 430 stocks hit their fresh 52-week highs during the trading day.

Sectoral Performance: Banking, financial, and oil & gas sectors witnessed robust gains, with the Nifty Bank index jumping 3.61%. The Nifty PSU Bank and Private Bank indices also surged, rising by 3.85% and 3.54%, respectively. However, Nifty Media and Nifty Pharma were the only sectors ending in the red.

Expert Insights: Vinod Nair, Head of Research at Geojit Financial Services, attributed the market’s all-time high to the BJP’s overwhelming victory, sparking optimism for a stable government post the General Election. He noted broad participation across sectors, anticipating continued foreign institutional investor (FII) value buying.

Technical Analysis: Rupak De, Senior Technical Analyst at LKP Securities, highlighted the Nifty’s surge past the critical resistance level of 19,850. With an optimistic outlook, De suggested that the index might move towards 21,000 unless it falls below 20,400.

Conclusion: The stock market’s robust performance post the BJP’s state election wins reflects investor confidence in political stability. As the market continues to respond to election outcomes and global economic factors, investors remain cautiously optimistic about future trends. Stay tuned for more updates on this dynamic market scenario.

4 December 2023 0 comment

Blog Featured Sports World

Joao Felix’s Heroics Seal another Victory for Barca. Barcelona turns out to be victorious. Know More!

by theparliamentnews.com 4 December 2023

written by theparliamentnews.com

Introduction: In a thrilling La Liga encounter on Sunday, Barcelona secured a crucial 1-0 win against Atlético Madrid, adding to their recent triumph over Porto in the Champions League. The hero of the day was none other than Joao Felix, who scored the lone goal of the match, haunting Diego Simeone’s side and continuing Barça’s impressive run against the Rojiblancos.

First Half Highlights: Barcelona started the game with a bang, creating an early opportunity within the first minute. Ilkay Gundogan’s excellent play on the right led to a chance for Raphinha, but his shot went wide. Joao Felix, always a threat, intercepted a ball and set up Robert Lewandowski, whose shot was blocked by Atletico’s Mario Hermoso. Despite a few chances for Lewandowski, the breakthrough came in the 28th minute when Raphinha and Jules Kounde combined, setting up Joao Felix to calmly finish over Jan Oblak.

Atletico had limited opportunities but almost found an equalizer when Frenkie de Jong’s fantastic block denied Antoine Griezmann’s attempt. Barcelona continued to press, with Felix getting another chance, but Oblak made a smart save.

Second Half Drama: Diego Simeone made three halftime changes to rally his team, introducing Angel Correa, Cesar Azpilicueta, and Samuel Lino. However, Barcelona maintained their attacking momentum. Raphinha, a constant threat, came close to doubling the lead, hitting the post, only to see Atletico respond with Griezmann firing into the side netting.

As the match reached its conclusion, both teams had more opportunities. A standout moment was a free-kick from Barcelona’s substitute Memphis Depay, brilliantly saved by Inaki Pena. Lewandowski had a late chance to seal the win, but his shot went wide. The closing minutes were tense, with Pena making crucial blocks to secure the much-needed three points for Barcelona.

Conclusion: The clash between Barcelona and Atlético Madrid showcased the intense competition in La Liga. Joao Felix’s goal proved decisive, extending Barcelona’s positive streak. The match had its share of near-misses, outstanding saves, and late drama, highlighting the unpredictable nature of football. As Barcelona savors this victory, fans eagerly anticipate the next chapter in their La Liga journey.

4 December 2023 0 comment

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Uttarakhand’s Economic Growth in Focus as Global Investors’ Summit Begins.

Google Launches Gemini AI: A Smarter Chatbot for Board Discussions. Here’s all you need to know.

Elon Musk backs for Clarity in University Responses to Genocide Calls.

Adani Shares Soar, Investor Rajiv Jain gained ₹17,000 Crore in just 9 Months.

Stock Market Updates: 6 Changes You Need to Know.

Fredericks Forever: Dinesh Phadnis’ Journey from CID to Eternal Rest.

UN Global Climate Action Awards: Recognizing Resilience and Energy Transition in Youth-Led Initiatives. Know What’s more.

Indian Navy Day 2023 special: PM unveils Chhatrapati Shivaji Maharaj’s Statue.

Stock Market goes sky high: BJP’s triumph in elections impacts the confidence of the investors. Know More

Joao Felix’s Heroics Seal another Victory for Barca. Barcelona turns out to be victorious. Know More!

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