NEW DELHI: Indian basket crude prices returned to pre-conflict levels Wednesday, with the basket priced at $70.71 per barrel, reducing the import bill, easing inflationary pressures and improving the financial position of the Centre and oil marketing companies. The Indian basket of crude oil is a derived basket comprising the sweet grade of Brent Dated…
Mumbai: RBI has proposed sweeping changes to deepen debt markets, allowing corporate bodies to lend in the term money segment – long dominated by banks and primary dealers – while widening their access to govt securities market. It has also introduced total return swaps in credit derivatives, which transfer a bond’s entire return to the…
NEW DELHI: The US has assured India that access to critical artificial intelligence technologies will not become a challenge for trusted partners, IT secretary S Krishnan said on Thursday after discussions with US officials on the future of AI collaboration.The discussions come weeks after the US commerce department directed AI firm Anthropic to restrict foreign…
Amazon CEO Andy Jassy has been with the company since 1997 and moved into his current role five years ago. On his first visit to India as chief executive, Jassy announced a further scale up in its investment and a ramp up of the quick commerce business to 300 cities. He also took time out…
Fourteen years after a takeover that critics dismissed as a costly gamble, SK Hynix has emerged as the biggest beneficiary of the artificial intelligence boom, overtaking Samsung Electronics to briefly become South Korea’s most valuable listed company, according to a Reuters report.The turnaround was driven by an early bet on high-bandwidth memory (HBM) chips, a…
Banks will remain closed in several parts of the country on Friday, June 26, on account of Muharram (Yaom-e-Shahadath), Last Day of Moharam and Ashoora. However, bank branches will continue to operate in some cities, according to the Reserve Bank of India’s (RBI) holiday calendar.Banks will remain open on June 26 in these citiesBank branches…
Centre has introduced a risk-based compliance mechanism to ease industry compliance with Quality Control Orders (QCOs), allowing eligible manufacturers to follow a simplified certification route while maintaining product quality and consumer protection. The Centre has introduced a risk-based compliance mechanism to ease industry compliance with Quality Control Orders (QCOs), allowing eligible manufacturers to follow a…
The rupee strengthened by 10 paise to close at 94.45 against the US dollar on Thursday, supported by easing global crude oil prices, a positive domestic equity market and a marginally weaker US dollar, though foreign fund outflows capped further gains.At the interbank foreign exchange market, the rupee opened at 94.30 against the dollar and…
The trend sends a signal that global corporations increasingly view India as a major long-term growth market. (AI image) Global majors are lining up billions of dollars worth investment in India despite the global economic uncertainty around war and trade policies. Recent announcements by tech giants and other global companies indicate the rising importance of…
US stocks traded mixed on Thursday as a rally in artificial intelligence-linked chipmakers led by Micron Technology offset losses in Apple, which came under pressure after announcing price increases across several products US stocks traded mixed on Thursday as a rally in artificial intelligence-linked chipmakers led by Micron Technology offset losses in Apple, which came…
