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Asian stocks fell sharply on Thursday, tracking losses on Wall Street, as concerns mounted over the technology sector and the heavy spending on artificial intelligence cautioned investors.Hong Kong’s HSI was trading below 111 points or 0.44% at 25,357 at 10:38 AM IST. Nikkei also trimmed over 422 points to reach 49,089. Kospi also lost 1.39%…
FILE – An oil platform is seen in the Leviathan natural gas field on Jan. 31, 2019, in the Mediterranean Sea off Israel’s coast. (Marc Israel Sellem/Pool via AP, File) JERUSALEM: Israeli Prime Minister Benjamin Netanyahu said on Wednesday that he has approved a $35 billion natural gas export deal to Egypt, the biggest gas…
NEW DELHI: The United States on Wednesday said India was not excluded from its newly launched Pax Silica technology initiative due to political or trade tensions, asserting that New Delhi remains a “highly strategic potential partner” in supply chain security efforts.Under Secretary of State for Economic Affairs Jacob Helberg dismissed speculation linking India’s absence from…
According to market experts, the overall sentiment continues to be weak. (AI image) Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, opened in red in trade on Thursday. While Nifty50 was below 25,800, BSE Sensex was down around 150 points. At 9:16 AM, Nifty50 was trading at 25,784.80, down 34 points or…
US President Donald Trump on Wednesday (local time) delivered a live address from the White House, highlighting the financial and economic achievements he achieved in his second term. Much of the speech centred on inflation, trade policy, tariffs and household finances, alongside sharp criticism of the previous Democrat administration.Beginning his address, Trump highlighted that he…
Mumbai: The rupee bounced back to close at 90.38 against the dollar, up 65 paise from Tuesday’s close of 91.03, following aggressive intervention by RBI. The rupee rose as much as 1% during the day, recovering to a high of 90.08, marking its biggest single-session gain in two months. The move reversed part of the…
New Delhi: In a major overhaul of the National Payment System (NPS), the Pension Fund Regulatory and Development Authority (PFRDA) has allowed subscribers from the private sector to withdraw up to 80% of the accumulated corpus, instead of 60% earlier, with the rest to be used to purchase annuities to earn a pension.Subscribers have the…
New Delhi: Amid increasing delays, the select committee of Parliament examining the bill to amend the Insolvency & Bankruptcy Code has recommended that The National Company Law Appellate Tribunal (NCLAT) should dispose of appeals within three months of their receipt.“…IBC presently does not prescribe any statutory timelines for the disposal of appeals by NCLAT. This…
Bengaluru: TCS CEO K Krithivasan has said annualised revenue from AI services reached $1.5 billion, growing 16.3% quarter-on-quarter. Over 85% of clients with revenues above $20 million leverage TCS for AI work.“A massive internal transformation is underway, and we are encouraging all our associates to adopt an AI-first culture. Every time we take on a…
Bengaluru: Meesho’s shares closed at Rs 216.3 on Wednesday on the NSE, hitting the 20% upper circuit and nearly doubling their IPO price within days of debut. The e-commerce company’s stock has gained about 95% since it got listed on Dec 10 at Rs 111 per share. The surge, which has pushed the company’s market…
