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RBI’s Monetary Policy Committee Meeting Begins Today; Key Policy Announcement Expected on October 9

07 Oct 2024 08:53 AM IST

The Reserve Bank of India’s (RBI) three-day Monetary Policy Committee (MPC) meeting begins today, with the policy announcement set for October 9. All eyes are on the outcome, as the central bank has kept the repo rate unchanged at 6.50% for the last nine consecutive meetings. The RBI has been

Google’s Hema Budaraju Reveals Why India is Key to the Future of AI in Search

07 Oct 2024 07:41 AM IST

India presents an ideal environment for rapid innovation as Google develops for a new, AI-driven digital future. Whether through text, voice, gestures, or video, the goal is to provide users with everything at their fingertips, according to Hema Budaraju, Senior Director of Product Management for Google Search. She highlighted India

Bhavish Aggarwal And Kunal Kamra Clash On X Over Ola Scooters

06 Oct 2024 23:27 PM IST

A heated exchange erupted between Ola CEO Bhavish Aggarwal and comedian Kunal Kamra on X over the condition of Ola scooters, with Kamra challenging Aggarwal's accusations of making paid posts.

75% of Tech Leaders Plan Generative AI Implementation Within Next Year: Report

06 Oct 2024 20:12 PM IST

A recent report from Experian, conducted by Forrester Consulting, reveals that 75% of technology leaders are planning to implement Generative AI (GenAI) within the next year. The study highlights the growing emphasis on artificial intelligence (AI) as a key driver of business transformation and efficiency across multiple industries. AI as

AI Could Be as Dangerous as Nuclear Weapons, Warns EAM Jaishankar

06 Oct 2024 19:34 PM IST

External Affairs Minister Dr. S. Jaishankar issued a stark warning on Sunday, October 6, comparing the potential dangers of artificial intelligence (AI) to nuclear weapons. Speaking at the third edition of the Kautilya Economic Conclave, organized by the Institute of Economic Growth and the Finance Ministry, Jaishankar said, “AI will

Private Capital Expenditure Set to Improve in First Half of FY25: CII Survey

06 Oct 2024 15:59 PM IST

The Confederation of Indian Industry (CII) has projected an improvement in private capital expenditure in the first half of FY25, according to its latest survey report. The survey, which involved over 200 firms across various industries and regions, revealed that 59% of respondents expect higher private capex in FY25 compared

Public Sector Bank Profits Expected to Dip by 0.6% QoQ in Q2 FY25: Motilal Oswal Report

06 Oct 2024 15:02 PM IST

As the second quarter of FY25 earnings season begins, public sector banks (PSBs) are anticipated to report a slight decline in profits compared to the previous quarter, according to a report by Motilal Oswal. The report estimates that PSBs’ Profit After Tax (PAT) will drop by 0.6% quarter-on-quarter (QoQ) while

VW CEO Warns of Impact from China’s Retaliatory Tariffs on European Automakers

06 Oct 2024 09:46 AM IST

Volkswagen’s CEO, Oliver Blume, has urged the European Union to reconsider its planned tariffs on electric vehicles (EVs) made in China, suggesting that the EU should account for investments made in Europe instead of imposing punitive measures. In an interview with Bild am Sonntag, Blume emphasized, “Rather than punitive

SpiceJet Settles 10 Months Of Provident Fund Dues Following ₹3,000 Crore QIP

05 Oct 2024 00:17 AM IST

SpiceJet, on Friday, paid off ten months of Provident Fund (PF), Economic Times reported. It had settled all Goods and Services Tax dues and payables earlier. “SpiceJet is happy to declare that in less than a week of raising fresh funds through QIP, the airline is glad to inform that

MS Dhoni Increases Investment in Garuda Aerospace: Backs $22 Million Drone Vision

04 Oct 2024 22:32 PM IST

Dhoni’s involvement goes beyond finances—his star power has brought significant visibility and credibility to the company, especially in rural areas.

From Richest To Obscurity: The Fall Of The Former Wealthiest Man, Now Behind Mukesh Ambani

04 Oct 2024 21:02 PM IST

This billionaire, who has long been a staple in the top 10 richest individuals worldwide and among America’s wealthiest for over two decades, has fallen off the list. Once consistently among the wealthiest, he has seen a signiicant drop in his net worth recently. This notable billionaire, also recognized for