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India’s reserves have fallen 5.2% to $691 billion. (AI image) Philippines and India are the Asian countries that have seen the highest percentage losses to their foreign exchange reserves as a result of the ongoing US-Iran conflict that has sent global crude oil prices to above $100 per barrel levels. Foreign-exchange reserves across Asia are…
Markets regulator Sebi has introduced a new framework to classify stock market benchmarks as “significant indices” if mutual fund schemes tracking them have a daily average cumulative assets under management (AUM) of more than Rs 20,000 crore for each of the preceding six months, PTI reported.The move is aimed at strengthening transparency, governance and accountability…
Auston Matthews and William Nylander (Image Via Twitter) Amidst what was described as exit interviews, Auston Matthews and William Nylander reportedly discussed key issues regarding the roster with the Toronto Maple Leafs, potentially entering what could easily be considered one of the most impactful NHL offseasons the team has ever experienced. Darren Dreger, an insider,…
निराकारमोंकारमूलं तुरीयं। गिरा ग्यान गोतीतमीशं गिरीशं।करालं महाकाल कालं कृपालं। गुणागार संसारपारं नतो हं॥2॥This means: I bow to the supreme Lord who is the formless source of “Aum” The Self of All, transcending all conditions and states. Beyond speech, understanding and sense perception, Awe-full, but gracious, the ruler of Kailash, Devourer of Death, the immortal abode…
Disney is preparing to cut as many as 1,000 jobs in the coming weeks, marking one of the first significant actions under the new CEO Josh D’Amaro, according to a Wall Street Journal report. The layoffs will mainly affect the company’s marketing department, which was recently consolidated as part of a broader cost-cutting effort. As…
NEW DELHI: Recognising the “significant impact” of the conflict in West Asia on the global economy and its effect on India, the cabinet committee on security led by PM Narendra Modi on Sunday discussed steps to diversify the sources of import of chemicals, pharma, petrochemicals and other industrial sectors, while drawing comfort from the stock…
Image used for representative purposes An Iranian missile strike targeted Israel’s northern port city of Haifa on Thursday, hitting oil refineries, though officials said the impact was limited.Israel’s Energy Ministry confirmed the attack but said that it did not cause major disruption, reported Reuters. Energy Minister Eli Cohen confirmed that electricity supply was briefly affected…
The Income Tax department on Saturday asked taxpayers to ignore emails, if any, received alerting them about ‘significant transactions’ as part of the Advance Tax e-campaign.In a post on X, the Central Board of Direct Taxes (CBDT) said certain taxpayers have received emails containing inaccurate details regarding ‘significant transactions’ undertaken by them under the ongoing…
Data from the US Energy Information Administration shows that the US had 132 operational petroleum refineries as of January 2024. (AI image) Mukesh Ambani-led Reliance Industries (RIL) has partnered with America First Refining (AFR) to develop the first large oil refinery project in the United States in nearly fifty years, with President Donald Trump describing…
The story of AI in business is not one of universal acceleration. (AI image) Two stories from the past few weeks capture something essential about where we are with AI.The first concerns Salesforce, the enterprise software giant that aggressively embraced AI for customer service. CEO Marc Benioff proudly announced that AI deployment had allowed the…
