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CHENNAI: Chief minister M K Stalin has urged Prime Minister Narendra Modi to solve the crisis faced by TN exporters due to the recent tariff hike imposed by the US. Currently, the US has imposed 50% tariff hike on Indian exports.Stalin wrote to Modi saying that the confirmed orders were cancelled and new orders have…
Decline in trade deficit is attributable to decreased imports of gold, oil and coal. (AI image) India’s merchandise trade deficit of India dropped to $24.53 billion in November from $41.68 billion in October. This decline is attributable to decreased imports of gold, oil and coal, as shown in official government data released on Monday.India’s exports…
When people tell me about their stock market disasters, the story is almost always familiar. It’s rare, “I bought a solid company at a sensible price, held it for years, and it went to zero.” What I usually hear is closer to, “I bought stock based on this story… this penny stock… this F&O trade…
Geoffrey Hinton, widely known as the “godfather of AI”, has delivered one of his starkest warnings yet, arguing that the world’s most powerful tech billionaires are pushing artificial intelligence forward at a pace that could destabilise economies, erase millions of jobs and unleash forces humanity may not be able to control. Speaking in a public…
Bypoll brings little cheer for major parties NEW DELHI: The MCD bypoll results on Wednesday were a mixed bag for two major parties in the city, with BJP and AAP losing key strongholds and several contests being decided by razor-thin margins, some by as little as 148 votes.The bypoll to the 12 wards of Municipal…
Malaysian authorities are stepping up their crackdown on illegal Bitcoin mining after uncovering nearly 14,000 illicit sites over the past five years and reporting about $1.1 billion in power-theft losses for state utility Tenaga Nasional (TNB).With cases rising sharply, including around 3,000 power-theft incidents linked to mining recorded by early October, the government last month…
OpenAI’s partners are shouldering nearly $100 billion in debt linked to the AI firm, with SoftBank, Oracle, and CoreWeave borrowing heavily. This strategy leverages others’ balance sheets, as OpenAI itself holds minimal debt. Oracle faces the largest exposure, with its stock value significantly impacted by these arrangements. OpenAI‘s data center partners are accumulating nearly $100…
File photo (Picture credit: AP) Asian equities slumped on Friday as renewed fears around overstretched tech valuations and ambiguous US jobs data pulled investors sharply away from risk assets. The downturn came despite Nvidia’s blockbuster earnings earlier in the week, which had briefly revived confidence in the strength of the AI sector.According to news agency…
The US stock market held steady on Wednesday as traders looked ahead to two key updates expected to shape Wall Street. Dow climbed 35 points or 0.08% to reach 46,127. Nasdaq also rose 182 points to 22,615 at 8:20 PM IST. S&P 500 also followed the suit, trading at 6,650, up 33 points or 0.5%.Lowe’s…
Gold and silver prices declined sharply on Tuesday, marking the third straight session of losses as diminishing expectations of a US Federal Reserve rate cut in December weighed on investor sentiment. On the Multi Commodity Exchange (MCX), December gold futures slipped Rs 1,807, or 1.47 per cent, to Rs 1,21,120 per 10 grams, while the…
