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Stock markets decline in early trade on surging crude oil prices

Mumbai, Jul 23 (PTI) Market benchmark indices Sensex and Nifty edged lower in early deals on Thursday due to surging crude oil prices amid escalating tensions in the West Asia. The 30-share BSE Sensex declined 230.95 points to 76,521.02 during initial trade. The 50-share NSE Nifty dipped 57.15 points to 23,937. From the Sensex pack, Infosys, Bajaj Finance, HDFC Bank, State Bank of India, NTPC and Reliance Industries were among the laggards. Trent and Eternal were the only winners from the pack. Brent crude, the global oil benchmark, quoted 2.27 per cent higher at USD 96.20 per barrel. Foreign Institutional

Rupee rises 5 paise to 96.48 against US dollar in early trade

Mumbai, Jul 23 (PTI) The rupee rose 5 paise to 96.48 against the US dollar in early trade on Thursday on possible intervention by the Reserve Bank even as heightened tensions in West Asia maintained pressure on global crude oil prices. FII outflows and sustained negative sentiments in the domestic equity markets added pressure on the local unit, while a weaker greenback provided some respite, forex traders said. At the interbank foreign exchange, the rupee opened at 96.53 before inching up to 96.48, up 5 paise from its previous close. The rupee depreciated by 28 paise to close at 96.53

More Red Sea shipments disrupted, Rubio says Iran not serious about talks

DUBAI/MANILA, July 22 (Reuters) – Four more tankers changed course in the Red Sea on Wednesday after Iran-aligned Houthis in Yemen threatened the southern route out, highlighting a new risk to global ‌oil supplies from the intensifying war between the U.S. and Iran. U.S. Secretary of State Marco Rubio said Iran was not serious about peace talks, and Pakistan, which has been mediating, condemned the disruption to a second critical energy route, where three tankers turned around on Tuesday. Both Rubio and Pakistan said they still backed the idea of negotiations. The Houthis’ threat on Tuesday to Saudi oil shipments

OpenAI AI models went rogue during testing, triggering ‘unprecedented’ breach at startup

WASHINGTON, July 21 (Reuters) – OpenAI said on Tuesday that an autonomous agent ​powered by its advanced artificial intelligence models went rogue during a security test and triggered a hack that compromised the infrastructure of ‌AI startup Hugging Face last week. The ChatGPT creator was testing capabilities of some of its most advanced models in a controlled environment, but the agent escaped containment, reached the internet and broke into Hugging Face to satisfy its testing goal. The incident signals that AI’s expanding capabilities are already fueling the security threat experts long feared and even top developers can be caught off-guard

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