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In case both CPI and GDP numbers undershoot RBI projections, then Wednesday’s rate hike could well turn out to the last rate hike this cycle We haven’t seen the end of this yet. Although the Reserve Bank of India’s monetary policy committee (MPC) hiked the policy rate by 25 basis points as widely expected, governor Shaktikanta Das’s statement was hawkish and seemed to indicate that the end of the rate hike cycle is not nigh. Whether this will translate into a rate hike during the next monetary policy assessment in April or imply a pause, which could be followed by later rate hikes, is something that... … [Read more...] about Monetary Policy Statement: Das strikes a hawkish note

The central bank's commentary has a hawkish undertone and suggests that more interest rate hikes cannot be ruled out. Dear Reader, The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or an event or trend that investors should keep track of. The RBI’s Monetary Policy Committee met market expectations by increasing the repo rate by 25 basis points, although it left some prayers unanswered. The fond hope was that the MPC would take its cue from global central banks and announce a pause on rate increases. The consolation is that two of the six MPC members didn’t want to raise rates. Nevertheless, the central bank's commentary has a hawkish undertone and suggests that more interest rate hikes cannot be ruled out. This is against what some global central banks have said. The Bank of Canada became the first central bank in a G10 … [Read more...] about Moneycontrol Pro Panorama | MPC plays it safe, more rate hikes coming?

Google CEO Sundar Pichai [REUTERS/YONHAP] Amid the accelerated rivalry for artificial intelligence (AI) leadership between Microsoft and Google, Korea's tech companies are eyeing the non-English speaking countries with their capabilities in search engine and messenger services. Whereas the ChatGPT — a free chatbot system capable of generating conversational dialogue — displays a surprising level of sophistication in response to English language prompts, the Korean version of its service is lacking. And that might leave an opening for a niche market for local competitors. On Tuesday, Microsoft said that it will incorporate Open AI’s GPT technology into its Bing search engine. “This technology is going to reshape pretty much every software category that we know,” said Microsoft CEO Satya Nadella. The updated version of Bing will have a conversational interface similar to ChatGPT. The goal is to have the unpopular search engine compete against Google. Microsoft CEO … [Read more...] about As AI war rages, Korea seeks a place among giants

A Georgia elementary school fired its principal and P.E. teacher after a third-party investigator found evidence supporting allegations that they committed sexual misconduct on campus, according to a statement obtained by the Daily Caller. The investigation into the sexual allegations began in January after the Banks County Elementary School principal Dr. Dana Simmons accused P.E. teacher Dylan Charles of “bugging” her office, according to the investigative report given to the Daily Caller. After the initial interview, Charles told investigators about engaging in an inappropriate relationship with Simmons and his wife (Kelsey Charles) on and off the school campus, including in the bathroom adjoining Simmons’ office, according to the report. “Mr. Charles admitted he and Dr. Simmons routinely used the school to meet and engage in sexual activities,” the report stated. “Additionally, Mr. Charles provided two pictures. The first picture is of a naked woman standing in a room. … [Read more...] about Elementary Principal, PE Teacher Fired For Having Sex On Campus

Share to Twitter Share to Linkedin After a long winter the impulse to escape to a beach somewhere in the Caribbean often overtakes travelers, however, there are some very compelling reasons to book your spring vacation in a snowy destination — even if you don’t ski. From sustainability factors to a true escape from the peak travel season crowds, thinking outside of the typical spring break box can have huge payoffs in terms of your travel experience —including a deeper connection to the destination and the people you meet there. Tom Wilkinson, Senior Product Manager with Exodus Travels, says that the tour operator’s trips in Northern Finland provide travelers with a memorable and impactful travel experience — one that suggests you pack a bathing suit, but doesn’t involve swimming through a cloud of someone else’s sunscreen. Here’s why you should consider a different kind of vacation this spring. Crowd control Forget lining up at the bar for an … [Read more...] about 5 Reasons To Consider A Cold Weather Trip This Spring Break

Share to Twitter Share to Linkedin As any sourdough bread enthusiast can attest, beneficial microbes live all around us. Estimates suggest the Earth harbors as many as a trillion microbial species. Many make our lives better, enabling us to do everything from fermenting foods to synthesizing human insulin. Those possibilities attracted the attention of Tara Karimi, an academic researcher specializing in biologically inspired technologies. Her brother, Moji Karimi, worked with a company that wanted to sequence the DNA of microbes living in oil and gas wells. Both Karimi siblings were passionate about sustainability; when their professional lives intersected, they started thinking about ways their knowledge of science and technology might help reverse climate change. Ultimately, their collaboration led to Cemvita Factory, a biotech startup they founded in 2017. Today, their focus is to bring biotechnology to the energy transition with applications such as … [Read more...] about How Oil-Eating Microbes Could Revolutionize The Energy Transition [Video]

Share to Twitter Share to Linkedin Krishna Motukuri, CEO & cofounder of Zippin , a leading provider of checkout-free technology for retailers. Many of the biggest technology headlines in 2022 were about artificial intelligence (AI). Commercial and enterprise applications of generative AI such as ChatGPT are already making a big splash in 2023, but what about the retail industry? Here, the impact of AI is likely to widen and deepen this year. AI in particular may have an outsized impact on physical stores. It can be easy to forget that, amidst all the talk about e-commerce, most people still do the vast majority of their shopping in bricks and mortar stores. In 2022, physical stores still accounted for 87% of total retail sales in the U.S. Online retail continues to grow, but the bump in adoption caused by the pandemic has fallen back significantly and growth has slowed. This is especially true in food retail, where it has been estimated … [Read more...] about Why AI And Checkout-Free Technology Will Grow In 2023

Share to Twitter Share to Linkedin While the chief executive officer is in charge of big-picture business decisions, in today’s tech-driven economy, a CEO depends a lot on their chief information officer. With their in-depth knowledge of technology and how it can help achieve business goals, CIOs have been seeing their role and influence grow across industries. From tapping into their tech knowledge to leveraging their understanding of digital risk, a CEO can learn a lot from a CIO. Below, 14 members of Forbes Technology Council share important qualities, skills and expertise today’s CEOs need from their CIOs, and why. 1. Knowledge Of ‘How Everything Connects’ CIOs need to understand the business, the market, the competition and the customers to the same degree as the CEO. Technology is now driving many elements in the market, and it is important to make the right decision at the right time for any technology initiative. Understanding “how everything … [Read more...] about 14 Things Today’s CEOs Require From Their CIOs

Share to Twitter Share to Linkedin Floyd Mayweather’s Nascar team is preparing to make waves in its second season of competition. The Money Team Racing — coined after Maywather’s lifestyle brand — just announced it will attempt to qualify for the Daytona 500 with Conor Daly later this month. Mayweather co-owns the No. 50 Chevrolet team with longtime Nascar executive Willy Auchmoody and ONE Entertainment CEO Brent Johnson, who’s Mayweather’s marketing manager. The part-time organization spent several years and the majority of the Covid-19 pandemic to overcome hurdles before qualifying into the 2022 Daytona 500 with Kaz Grala to make its debut. “The Money Team Racing shocked the world by making the Daytona 500 last year and I believe in this team and know we will prepare a great car for this year's race,” Mayweather said in a statement. “Like a fighter who’s always ready to face the best, Conor has the courage to buckle into this beast without any practice … [Read more...] about Floyd Mayweather’s The Money Team Racing Prepares For Second Nascar Cup Series Season

Share to Twitter Share to Linkedin Rhonda Dibachi is the CEO of HeyScottie , an AI-enabled automatic pricing engine for outsourced finishing services. Broken by an unprecedented global event in 2020, the supply chain still has some kinks in it. The pandemic created a cataclysmic disruption to the supply chain that is still causing reverberations, even into 2023—shelves are still not stocked with some once-common items while others sit in warehouses. This has a lot of analysts talking about things like supply chain resiliency, multi-sourcing and supply chain transparency—which sound great in theory, but there is currently no underlying architecture to support some; others simply won’t work in the real world. What can we realistically hope to see in supply chain dynamics in 2023? Expect to experience continued bumps in the supply chain road, but also expect to see the solutions begin to take shape. Four supply chain predictions for 2023: … [Read more...] about Four Supply Chain Predictions For 2023