World Updates

World Updates

OpenAI to Launch Adult Mode in Q1 FY26, Says CEO Fidji Simo

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In an effort to provide verified users with more expressive and unrestricted AI interactions, OpenAI has stated that it would launch a new “adult mode” function for ChatGPT users in early 2026. Age verification has started to roll out in certain nations, according to OpenAI Applications CEO Fidji OpenAI Applications CEO Fidji Simo announces, who … Read more

How AMCs Manage Your Mutual Fund Money

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Grover Jewells' shares surpass gray market predictions by listing at a 9% premium to the SME IPO price. On February 11, Grover Jewells' shares made a modest debut on the stock market, going up to Rs 96 per on the NSE Emerge platform. This is a premium of almost 9% above the Rs 88 IPO price per share. With a market valuation of Rs 139.27 crore, the company made its debut on the stock exchanges. Grey market estimates versus listing premium: The listing premium has greatly exceeded grey market expectations, even with the market's lackluster beginning. The company's unlisted shares were trading flat at the IPO price of Rs 88 with no grey market premium (GMP) prior to listing. When the IPO was up for public bidding from February 4 to February 6, the site's quoted GMP was close to 3 percent. The company's unlisted shares were trading at 0 GMP over the IPO price, according to IPO Watch as well. Grover Jewells IPO: Grover Jewells, a gold jewelry manufacturer situated in Delhi, went public in order to generate Rs 33.83 crore by issuing 38.44 lakh shares at a price range of Rs 83–88 each. With a minimum investment of Rs 1.41 lakh, investors could bid for 1,600 shares, and then in multiples. The IPO received over 19 subscriptions between February 4 and February 6, indicating that investors were quite interested in it throughout its three days of public bidding. With approximately 38 bookings of their allotted allocation, non-institutional investors (NII) shown the highest level of interest in the IPO. Qualified institutional buyers (QIB) and retail sections were reserved 11 times and 16 times, respectively. Working capital will be the primary use of the IPO proceeds, with the remaining sum going toward general business needs.

Investors in mutual funds often hear the phrase “Asset Management Company” (AMC), but few fully comprehend its precise function. What do these businesses truly do with the money they get, and how do they run their businesses? The Indian mutual fund industry’s Average Assets Under Management (AAUM) is still growing. According to official AMFI figures, … Read more

Is India’s Textile Green Push Failing? ICRA Report Insights

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The sustainability performance of Indian textile industries is continuously increasing, particularly in the areas of carbon reduction and the use of renewable energy. However, an ICRA ESG assessment states that there are still gaps in Scope 3 emissions reporting, waste management, and water consumption. The percentage of renewable energy in the textile industry is growing … Read more

Microsoft Tests Expanded Mode for Android Apps on Windows 11

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For customers who depend on mobile applications on their PCs, Microsoft is making significant improvements to the way Android apps operate on Windows 11. Expanded Mode for Android app streaming is a new feature that the business is exploring to make utilizing mobile applications with Windows software seem more natural. Currently, you may use the … Read more