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Unclaimed strikes hit southern Iran

Dubai: Mysterious, unclaimed airstrikes that hit Iran after the U.S. said it finished its attacks have again raised questions of who else may be targeting the Islamic Republic.The strikes Thursday, just as Iran prepared to bury the late Supreme Leader Ayatollah Ali Khamenei, hit areas across southern Iran. The country's theocracy hasn't directly blamed anyone, though one lawmaker warned the United Arab Emirates about allegedly providing support to the U.S. campaign against Iran.Gulf Arab states, which Iran has targeted repeatedly since the war began Feb. 28, did not immediately respond to requests for comment Friday over the strikes. The attacks come as those Gulf nations and the U.S. insist that the Strait of Hormuz, a vital waterway for world energy markets, must be open and free to ships to transit.Iran says the strait must now be under its sole control and that vessels should begin to pay fees to Tehran - even though the world for decades has considered it an international ...
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India plans maiden retail spending survey

New Delhi: The government is considering launching a nationwide retail consumption survey to generate granular data on consumer spending patterns, people aware of the development said.The proposed survey, to be conducted by the ministry of statistics and programme implementation (MoSPI), will cover businesses across all National Industrial Classification (NIC) codes, from utensil and machinery stores to pharmacies and apparel outlets. It is expected to track retail sales of consumer durables and non-durables.The survey is likely to capture the value and volume of goods sold through retail establishments across states. "The government is considering the survey; no timeline has been decided yet," a government official saidAlso Read: Ecommerce isn't adding much to Retail Inc's cart132319005MoSPI is examining the time period of the survey, the official added.Unlike the Household Consumption Expenditure Survey (HCES), which records household consumption during a reference ...
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JioStar taps AI for shopping, movie night ideas

JioStar is betting that conversations with viewers powered by generative AI will become a powerful tool for the streaming TV company.The unit of Reliance Industries Ltd., which boasts 500 million monthly users, is using OpenAI’s technology to move beyond traditional recommendations, envisioning an AI-powered platform where conversations help users discover shows, buy products and eventually influence what gets made.Executives say the same conversational interface that recommends movies from a library of over 300,000 hours of programming could become a real-time signal of audience demand, shortening the feedback loop between what viewers want and what studios produce.“The future is conversational search,” Bharath Ram, JioStar’s chief product officer, said in an interview. “Interesting search results lead people to watch content they otherwise wouldn’t have watched, increasing engagement, watch time and our ability to monetize.”Also read | Netflix to widen India content play with four we...
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Political clash mars TMC protest march

from Economic Times https://ift.tt/qjnbMcr
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SBI Funds Management IPO to open on July 14. Check details

SBI Funds Management, a subsidiary of State Bank of India, has filed its red herring prospectus with the Registrar of Companies for its proposed initial public offering. The IPO will open for public subscription on July 14 and close on July 16. Anchor investors will be able to place bids on July 13, one working day before the issue opens. The bidding period for qualified institutional buyers will close on July 15, a day before the public issue closes.The IPO will be entirely an offer for sale of up to 20,37,09,239 equity shares of face value Rs 1 each and seeks to value the company at Rs 1.17 lakh crores. This represents up to 10.0013% of SBI Funds Management’s paid-up equity share capital.SBI will sell up to 12,83,34,397 shares through the offer, representing 6.3% of SBI Funds Management’s paid-up equity share capital. Amundi India Holding will sell up to 7,53,74,842 shares, representing 3.7% of the company’s paid-up equity share capital.Also Read: NSE eyes September launch for $3 bil...
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Dutch starts legal action against Tata Steel unit

from Economic Times https://ift.tt/jDEqYPQ
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RBI mulls guidelines on property title searches

New Delhi: The Reserve Bank of India (RBI) may issue broad guidelines on property title searches to streamline the process and curb frauds involving title deeds accepted as mortgage security.The guidelines could prescribe a minimum search period, key documents and records to be verified, as well as precautions to be followed while preparing title search or legal background check reports, said people familiar with the development."The RBI had sought suggestions from banks on this issue. We have, after an internal discussion, sent our inputs stating that the process and other related decisions should be left to individual banks," a bank executive said on condition of anonymity, adding that the RBI may issue broad guidelines to devise the process for title search.132245734Queries emailed to the RBI did not elicit a response till press time.A Supreme Court judgement last year said that the RBI and other stakeholders should collaborate in developing a standardised and practical ap...
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