How Google CEO may have just agreed with Nvidia CEO’s market-shaking claim

Google CEO Sundar Pichai stated that practically useful quantum computers are still 5-10 years away. This comes after a similar warning from Nvidia CEO Jensen Huang, suggesting that very useful quantum computers may take 15-30 years. Quantum computing stocks reacted negatively to these announcements.

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PM Modi, Macron seal deals on N-energy to power AI

India and France have signed agreements to enhance cooperation in AI, civil nuclear energy, and regional development. Modi and Macron reaffirmed their strategic partnership, emphasizing the joint development of small modular reactors for sustainable energy. They also focused on the Indo-Pacific region, connectivity via the IMEEC corridor, skill development, and anti-terrorism measures.

Mutual fund SIPs steady even as sensex slumps

Retail investors continued to invest in mutual funds throughout January, despite volatility in the stock market. Monthly SIP inflows remained high at over Rs 26,000 crore. However, a reconciliation process led to a reduction in SIP accounts and total assets under management. Investors showed a preference for hybrid funds over thematic schemes due to uncertain market conditions.

Retail inflation eases to 5-month low in January

Retail inflation in India eased to a five-month low of 4.3% in January due to moderating vegetable prices, while industrial output growth slowed to 3.2% in December, largely due to sluggish performance in the manufacturing sector. Both rural and urban inflation witnessed declines.

4 states manage to lower debt level in 10 years: Study

Only Gujarat, Odisha, West Bengal, and Maharashtra have reduced their debt-to-GSDP ratios, while Punjab and Tamil Nadu have seen significant increases. Economists propose enhanced fiscal oversight and debt relief for heavily indebted states in exchange for more central oversight. Recommendations include better revenue mobilization, tax base broadening, and capacity-enhancing investments.

3 students held for conning BSF officer

Gwalior cyber police arrested three students in Noida for scamming a BSF officer of over Rs 71 lakh, falsely posing as Mumbai Crime Branch officers. They exploited his fear of arrest for money laundering, forcing multiple transactions. The suspects transferred the scammed funds to various locations and collaborated with a Chinese gang to convert the amounts into USDT.

Ongole cow sold for Rs 41 crore in Brazil

The Ongole breed of cattle, originating from Andhra Pradesh, made headlines as Viatina-19 fetched $4.82 million at a Brazilian auction, marking it the most expensive cow worldwide. Despite limited recognition in India, its unique traits are celebrated abroad. Viatina-19 also won the "Miss South America" title and secured a Guinness World Record.

I-T Bill seeks to simplify tax laws, but no major overhaul

Finance Minister Nirmala Sitharaman is set to introduce a new 622-page Income Tax Bill in simpler language, replacing the 64-year-old law. The bill aims to reduce litigation by eliminating complex terms, outdated references, and multiple cross-references. It also introduces clearer provisions, including a taxpayer charter, crypto asset definitions, and updated definitions of agricultural income.

PM Modi offers DRDO-developed Pinaka rocket systems to France

India has offered the Pinaka multi-launch artillery rocket systems to France, stressing it would enhance bilateral defense ties. Prime Minister Modi also discussed the acquisition of Rafale-Marine fighters and collaboration on Scorpene submarines with President Macron, underscoring ongoing defense partnerships between the countries.

Unique display of camaraderie: Macron comes to airport to bid farewell to PM

French President Emmanuel Macron bid farewell to PM Narendra Modi at Marseille airport after a three-day visit, showcasing strong bilateral ties. The leaders co-hosted several events, including an AI summit and CEOs Forum, reinforcing their commitment to economic collaboration and diplomatic camaraderie.

Have you gifted Pak border land to your dear pal: Kharge to PM Modi

Congress president Mallikarjun Kharge criticized PM Narendra Modi over reports that the Adani group received strategic land on the International Border with Pakistan, jeopardizing national security. Kharge questioned if security rules near the borders with Pakistan, Bangladesh, China, Myanmar, and Nepal were relaxed, and the implications for defense mechanisms.

Rape survivor can say no to motherhood: Allahabad HC

Allahabad HC ruled in favor of a 17-year-old rape survivor, allowing her to terminate her 19-week pregnancy under the Medical Termination of Pregnancy Act. The court stated that a sexual assault victim has the right to choose whether or not to become a mother.

Uddhav loyalist quits party, to join Shinde

Rajan Salvi, former MLA from Ratnagiri, has resigned as deputy leader of Shiv Sena (UBT) and is set to join the Sena led by Eknath Shinde. Salvi cited his inability to do justice to his role and taking moral responsibility for his electoral defeat in his resignation letter to Uddhav Thackeray.

Are we creating a class of parasites: SC on freebies

The Supreme Court on Wednesday raised concerns over political parties offering freebies, questioning whether such actions were fostering dependency rather than encouraging participation in the workforce. The court noted that freebies might discourage people from working, impacting sectors like agriculture. The urban poverty alleviation mission is being finalized to address homelessness.