OxyContin maker Purdue Pharma s $7 billion-plus plan to settle thousands of lawsuits over the toll of opioids will go before a judge Friday, potentially setting up votes on whether to accept it for local governments, people who became addicted to the drug and other groups.
UN climate talks host nations are concerned about climate funding. Developed nations need funds to switch to renewable energy. Rich nations agreed to increase climate finance. But the amount is inadequate. Azerbaijan and Brazil launched an initiative to address the shortfall. Some lenders are reluctant to discuss climate. The US urges focus on dependable technologies.
Zerodha co-founder Nithin Kamath highlighted major risks in Indias broking business, including heavy revenue reliance on Nifty and Sensex F&O contracts, limited diversification, and mounting regulatory pressure, questioning the industry's perceived glamour.
To enhance the SME listing process, BSE has rolled out an AI-powered tool that pre-screens draft IPO documents. The system helps merchant bankers identify compliance gaps early, significantly reducing review time. While not a replacement for BSEs final check, it improves efficiency and accuracy in the IPO filing workflow.
Sebi has released a consultation paper proposing a 5-point regulatory framework for the responsible use of AI and ML in Indias securities markets. The guidelines focus on governance, transparency, fairness, data security, and risk controls, aiming to balance innovation with investor protection.
Amidst the ongoing conflict between Israel and Iran, Iranians face severe communication blackouts, hindering access to information about Israeli strikes and the well-being of loved ones. Activists view this as psychological warfare, exacerbating existing state information controls.
