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MUMBAI: Debit cards, once the go-to-option for many Indians looking to make payments, are losing out to UPI, which has made buying and paying for things a lot easier. Today, debit cards are largely being used for cash withdrawals and some occasional purchases at stores. Debit cards still account for more than one billion issued…
Nvidia Corp has become the world’s first $5 trillion company, marking another milestone in the artificial intelligence (AI) revolution reshaping global markets. The Silicon Valley chipmaker crossed the landmark just three months after breaching the $4 trillion mark, as its stock soared on the back of surging demand for AI chips and new strategic tie-ups,…
According to a new Macquarie Equity Research report, India’s data centre capacity is poised for massive expansion, set to double by 2027 based on under-construction capacity and may grow fivefold by 2030 if pipeline capacity is fast-tracked.The report titled ‘Racks to Riches: India Data Centres’, estimates that currently India has 1.4 GW of operational data…
US crude oil imports to India surged due to economic factors, including a favourable arbitrage opportunity. (AI image) In a move that is possibly aimed at reducing trade issues with the Donald Trump administration, India has stepped up its crude oil imports from the US substantially. Crude imports in the month of October have hit…
India’s alcoholic beverage industry has seen strong sales during the festive season, with the premium spirits category driving growth, and expects an upswing of 10-20 per cent in the October-December period.As per news agency PTI, Radico Khaitan COO Amar Sinha said, “We have witnessed a highly encouraging festive season, with strong uptake across our premium…
The State Bank of India (SBI) is set to recruit around 3,500 officers to strengthen its operations and improve service delivery across the country.SBI deputy managing director (HR) and chief development officer Kishore Kumar Poludasu was quoted by news agency PTI as saying that the bank has already recruited 505 Probationary Officers (POs) in June…
The aftermath of the monsoon has unveiled troubling pollution levels in Delhi’s Yamuna River, with frothing reemerging alongside a troubling spike in faecal coliform and BOD metrics. In a bid to combat this issue, authorities have made efforts to beautify the ghats for Chhath festivities and orchestrated water releases from Haryana. However, environmentalists emphasize that…
Good news for people of India! In a bid to make city travel easy-on-pocket and save commuters from price surge, the Indian government has announced plans to launch Bharat Taxi. This is a welcoming and much-needed move for daily commuters who were irritated with price surge and other issues related with private firms. What is…
Representative image (AI-generated) Asian stock markets remained mostly high on Friday after the White House confirmed that US President Donald Trump will meet Chinese leader Xi Jinping next week.The announcement eased some uncertainty over trade tensions between the world’s two largest economies, although the likelihood of a major trade deal remains unclear.Chinese markets also gained…
AI image for representational purpose Pakistan is witnessing a sharp surge in the prices of essential goods, particularly tomatoes, which have risen over 400 percent to around 600 Pakistani rupees ($2.13) per kilogram, following the closure of border crossings with Afghanistan. The move comes after clashes erupted between the two neighbours earlier this month, marking…
