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Intel wants to reveal more details about its recent deal with Elon Musk’s companies. According to a memo sent by CEO Lip-Bu Tan (seen by CRN), the US chipmaker plans to share with its staff the “scope and nature” of its involvement in the Terafab chip factory, which will also include several of Elon Musk’s…
Federal Reserve Chair Jerome Powell on Monday said the central bank is closely monitoring inflation risks arising from the spike in energy prices due to the Iran war, but cautioned that there is limited scope for policy intervention in such supply-driven shocks.Speaking at Harvard University before nearly 400 students, Powell said energy shocks typically tend…
Following the US Supreme Court’s ruling late last week, an Indian delegation has postponed a planned trip to Washington. India now has more room for negotiations in a trade deal with the US after the American Supreme Court ruled that Donald Trump’s tariffs are illegal. The US Supreme Court’s move to invalidate President Donald Trump’s…
Salil Parekh, CEO and MD, Infosys (File photo) New Delhi: Infosys CEO Salil Parekh suggested that stock market investors may be misreading the impact of AI tools from companies like Anthropic, arguing that rather than shrinking opportunities for IT services firms, such technologies are likely to expand and reshape the demand for their capabilities. He…
MUMBAI: In a boost to the startup ecosystem, govt has widened the scope of recognition of startups, extending the benefit to companies with a turnover of Rs 200 crore from Rs 100 crore earlier. This means that startups generating a turnover of up to Rs 200 crore will now get recognised, expanding the coverage of…
MUMBAI: RBI has revised its priority sector lending norms allowing lending to the National Cooperative Development Corporation to qualify as priority sector loans, with the objective of expanding credit to cooperative societies while tightening compliance and reporting requirements for banks.The revised Master Directions on Priority Sector Lending recognise loans extended by banks to the National…
New Delhi: India and Canada are assessing the scope of the proposed trade deal, factoring in the changed global situation since talks stopped in 2023, commerce secretary Rajesh Agrawal said Monday, while stating that govt is exploring the possibility of a preferential trade agreement with Mexico to help Indian exporters avoid paying steep tariffs of…
Industry leaders indicated that China’s restrictions will impact the import of components. (AI image) India’s manufacturing sector, which saw a booster shot when the government announced sweeping GST rate cuts, now faces an operational crisis with China’s latest rare earth export curbs.China’s export restrictions, now including light rare earth magnet components, are expected to deepen…
MUMBAI: RBI has come out with a draft Ombudsman Scheme 2025, which proposes giving the RBI ombudsman broad powers to resolve customer grievances, removing limits on the financial value of disputes and introducing high ceilings for compensation. The move is aimed at providing a cost-effective, non-adversarial mechanism to handle complaints against regulated entities.Under the draft,…
