Japan Prime Minister Shigeru Ishiba to resign by August: Report
This comes after US President Donald Trump announced a 'massive' trade deal with Japan on Tuesday, with Tokyo paying 15% reciprocal tariff and investing $550 billion in the United States.
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Business Standard
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- Business Standard
OpenAI may launch GPT-5 next month with o3 model integration: Report
OpenAI is reportedly preparing to launch GPT-5 in August, integrating its o3 model to enable broader functionality across multiple AI tools and tasks Reuters Artificial intelligence pioneer OpenAI plans to launch its GPT-5 model as early as August, The Verge reported on Thursday, citing sources familiar with the plans. The new model, which was expected to launch this summer, will be positioned as an AI system that incorporates distinct models and can perform different functions as opposed to just a single AI model. OpenAI did not immediately respond to a Reuters request for comment. The Microsoft-backed startup's GPT-5 will incorporate its o3 model along with other technologies, CEO Sam Altman had said in February, in a bid to simplify its offerings. The startup ultimately aims to merge the o-series and GPT-series models as it looks to create AI systems that can utilize all available tools and handle a variety of tasks. "While GPT-5 looks likely to debut in early August, OpenAI's planned release dates often shift to respond to development challenges, server capacity issues, or even rival AI model announcements and leaks," according to the report.
Hans India
24 minutes ago
- Hans India
Sensex projected to touch 115,836, Nifty to surpass 43,800 by FY28: Report
Mumbai: In a bull case scenario, Sensex is projected to reach 115,836 and Nifty is likely touch 43,876 by the financial year 2028 (FY28), a report said on Friday. However, in a bear case scenario, Sensex is projected to reach 1,04,804 and Nifty at 39,697 by FY28, Ventura, a stock broking platform, said in its recent projection. Nifty is expected to oscillate within a well-defined price-to-earnings (PE) band in these three years, with projected robust earnings growth with estimated FY28 earnings per share compound annual growth rate (EPS CAGR) of 12-14 per cent. 'In the last 10 years, the Indian economy has demonstrated resilience and clocked the highest GDP growth as a large economy despite global headwinds of NBFC crisis, Covid 19, Russia-Ukraine war and the recent uncertainty on US President Donald Trump tariff," said Vinit Bolinjkar, Head of Research, Ventura. The risk mitigation influencers will outweigh the current challenges, which will usher Indian GDP growth to 7.3 per cent by FY30(E), he added. By FY28, the Indian index will be at a PE level of 21 times in the bull case and 19 times in the bear case with an estimated earnings-per-share (EPS) of 5,516 for Sensex and 2,089 for Nifty 50, the report stated. Over the past ten years, India has demonstrated extraordinary resilience by navigating a series of unprecedented disruptions without compromising its growth trajectory. From the "Fragile Five" designation to demonetisation, GST implementation, a crippling NBFC crisis, and the dual shock of COVID-19 waves, India has withstood and adapted to adversity, the report highlighted. According to the report, even global headwinds like the Russia-Ukraine war and Trump-era tariffs have failed to derail its momentum, underlining the robustness of the Indian economy. As of the mid-season point for Q1 FY26 earnings, 159 companies have reported Q1 FY26 results, revealing broad-based strength across key sectors. Engineering/manufacturing and services sectors have led the pack, while consumption, commodities, and pharma show steady performance, the report stated.
Mint
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Vietnamese Stocks Reach Record High on Inflows, Trade Optimism
(Bloomberg) -- Vietnamese shares rose to a record high, aided by the return of foreign fund inflows amid optimism about a trade deal with the US. The benchmark VN Index rose 0.7% to 1,531.13 at the close, surpassing its last high in January 2022. Vietnam Prosperity JSC Bank and Vinhomes JSC were among the top contributors to the gains. Foreign investors have bought about $413.7 million of Vietnamese stocks on a net basis so far this month, according to data complied by Bloomberg. The Southeast Asian nation's equities have extended a rally since early July, when President Donald Trump said he had reached a trade deal with Vietnam with a 20% tariff, which is lower than the 46% duty first announced in April. While Vietnamese negotiators said they are still working out details of an agreement, there are expectations for global investors to further expand their exposure to the country's shares. 'The strong rally is on the back of robust GDP growth and reduced uncertainties over US tariffs,' said Ruchir Desai, a fund manager at Asia Frontier Capital in Hong Kong. 'If economic momentum continues in the second half and if there is no major impact on overall export growth especially to the US, then the rally can sustain.' Vietnam is keeping its target of at least 8% gross domestic product growth this year, and will continue to strive for economic expansion of 10% or above in 2026-2030, Deputy Prime Minister Ho Duc Phoc said earlier this month. The economy expanded by 7.5% in the six months through June. (Updates with closing level) More stories like this are available on
