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Business News LIVE Updates – September 25, 2024

Overview of Today’s Business News

As of September 25, 2024, at 12:40 PM IST, we are providing real-time updates on significant developments from the business sector, stock market fluctuations, and pertinent financial news. Stay informed about the latest trends and updates as we track major headlines that can impact your investments and business strategies.

Key Updates from the Business World

Caption: A worker walks past inside the Asian Development Bank (ADB) headquarters in Manila on September 25, 2024.

Major Headlines

1. India’s Economic Growth Forecast by ADB
   The Asian Development Bank (ADB) projects India’s GDP will grow by 7% in the fiscal year 2024, increasing to 7.2% in 2025. This optimistic outlook is fueled by anticipated strong agricultural performance, enhanced rural spending, and the positive repercussions of new employment incentives.

2. Saudi Arabia’s Warning to Pakistan
   Saudi authorities issued a stern caution to Pakistan regarding a surge in citizens misusing Umrah visas for beggary. This situation calls for urgent action from the Pakistani government to address the issue.

3. Design Innovator Jony Ive Collaborates with Sam Altman
   Jony Ive, celebrated for his work with Apple, is joining forces with OpenAI’s Sam Altman on an innovative AI hardware project, aiming to explore generative AI’s transformative potential in computing technology.

4. Zerodha’s Financial Insights
   Zerodha CEO Nithin Kamath announced that the company earned ₹4,700 crore in the fiscal year 2024, attributing a 62% increase in profits to a 21% revenue rise to ₹8,320 crore. However, upcoming regulatory changes may pose challenges, with expectations of a 30% to 50% revenue decline.

5. India Ascends in Global Power Rankings
   According to the Asia Power Index, India has emerged as the third-largest power in Asia, overtaking Japan, highlighting its resurgence in economic resilience and diplomacy on a multilateral scale.

6. Volkswagen Initiates Pay Negotiations Amid Plant Closure Speculations
   Volkswagen AG has commenced discussions with labor unions over potential cost-cutting measures which may include plant shutdowns and job reductions, igniting concerns of impending strikes.

7. Melinda French Gates Critiques CEO Culture
   Melinda French Gates expressed her dismay towards CEOs who pride themselves on getting less sleep, arguing for a balanced approach to rest, a sentiment echoed by Bill Gates himself.

8. Gold and Silver Price Trends
   On the trading front, the price of 10 grams of 24-carat gold reached ₹76,543 in Delhi, while 1 kg of silver trades at ₹96,000.

9. Gen AI Threatening Security
   A recent report from HP confirms that generative AI is being leveraged to create sophisticated malware, raising cybersecurity concerns. The report posits that countering this threat might require the deployment of AI technologies as defensive measures.

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Stay Updated and Informed

For ongoing updates about prominent figures in the business world like Bill Gates, Elon Musk, Mukesh Ambani, and Gautam Adani, along with insights on gold and silver price tracking, tune in regularly. Knowledge is power, and staying updated enables you to make informed decisions in this fast-paced environment.

Disclaimer: This is an AI-generated live blog and has not been edited by Hindustan Times staff.

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