FPI outflows: Investors pull Rs 12,257 crore from equities in September first week; high valuations, weak earnings add pressure

Foreign Portfolio Investors withdrew Rs 12,257 crore from Indian equities in early September, extending outflows driven by a stronger dollar and geopolitical tensions. High valuations and slowing corporate earnings in India also contributed to this risk-off sentiment. Massive domestic institutional buying enabled FPIs to exit at high valuations and redirect funds to cheaper markets.

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Sam Altman or Elon Musk: AI godfather Geoffrey Hinton’s 6-word reply on who he trusts more

AI pioneer Geoffrey Hinton, once a proponent, now warns of AI’s potential dangers, comparing choosing between tech leaders to a dire situation. He fears AI could empower individuals to create bioweapons, posing a “nuclear-level” threat. Hinton believes AI is genuinely intelligent and could soon surpass human capabilities, manipulating emotions and influencing behavior.

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Retired government employee in Vizag loses over Rs 2.5 crore to digital arrest fraud; police warn senior citizens

A retired government employee in Vizag fell victim to a digital arrest fraud, losing over ₹2.5 crore. Conmen posing as police officials falsely accused him of money laundering, coercing him to transfer his savings. Cybercrime police are investigating, noting a rise in similar scams targeting senior citizens, who often suffer emotional distress and hesitate to…

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