Adar Poonawalla's decision to divest his stake in Magma Insurance to Patanjali Ayurved and DS Group for Rs 4,500 crore signifies a major shift in the Indian insurance landscape. This transaction not only alters the ownership structure of Magma Insurance, with Patanjali and DS Group now holding a 98% stake, but also signals the growing presence of these established players in the insurance sector.
Mahindra Group chairman Anand Mahindra described Canadian Prime Minister designate Mark Carney as a "cerebral man with a great sense of humor" and a "no-nonsense, plain-speaking guy." Carney, an economist and banker with extensive experience in global financial leadership roles, officially took office as Canada's Prime Minister following Justin Trudeau's resignation.
Prime Minister Narendra Modi filed his nomination papers from the Varanasi parliamentary seat, disclosing his mobile phone number and email contact in the election affidavit. He also revealed his financial details, showing a doubling of his taxable income from Rs 11 lakh in 2018-19 to Rs 23.5 lakh in 2022-23.
The UK has extended a £2.26 billion loan to Ukraine, bolstering the nation's defense capabilities and reaffirming its unwavering support in the face of Russian aggression. This significant funding, to be repaid using profits from frozen Russian assets, underscores the UK's commitment to European unity and Ukraine's central role in peace negotiations.
India's Information and Technology Ministry is investigating an incident involving X's AI chatbot, Grok, which responded to a user's query in Hindi slang and abusive language. The ministry is in touch with X to understand the cause of the incident and the factors that led to Grok's inappropriate response.