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India may see productivity gains from AI, says Nilekani
पीएम मोदी ने टेक्नोलॉजी विशेषज्ञ नंदन नीलेकणी की अध्यक्षता में एक टास्क फोर्स का गठन करने का फैसला लिया गया है। NEW DELHI: Infosys co-founder and chairman Nandan Nilekani on Thursday said that India may emerge as a principal beneficiary of productivity gains and inclusion from AI in the next decade, despite low visibility in…
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Gold price prediction: Buy on dips the right strategy for gold right now? Check August 7, 2026 outlook
For gold, from a technical standpoint, the 8-period EMA continues to trade above the 21-period EMA, Gold price prediction today: The technical structure for gold is bullish and prices are expected to go up, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities.MCX Gold October futures continue to trade with a positive…
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ENIL EBITDA rises 42% in Q1, digital business grows
The company’s non-digital business reported a 7.4% increase in EBITDA and an 85% rise in profit after tax during the quarter NEW DELHI: Entertainment Network (India) (ENIL), which operates Radio Mirchi and audio streaming platform Gaana, reported consolidated revenue of Rs 113 crore during June quarter. Domestic revenue was estimated at Rs 111 crore, while…
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Bankers unaware, government timed LIC stake sale to max receipts
The transaction was timed in a way that it took advantage of the current market situation NEW DELHI: A government department that has an operations room named Kurukshetra is clearly in battle mode. But, the merchant bankers for the LIC stake sale seemed to have missed the signal.While the offer-for-sale had been discussed for more…
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Rupee slips to 95.28 against US dollar as oil, treasury yields remain elevated
Rupee slips to 95.28 against US dollar as oil, Treasury yields remain elevated Rupee began Friday in red, falling 6 paise to 95.28 against the US dollar in early trade as a firmer greenback and higher US Treasury yields put pressure on the currency.The currency began the session at 95.27 at the interbank foreign exchange…
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Will you have to pay to use UPI? FM Sitharaman clarifies who bears MDR
Union finance minister Nirmala Sitharaman speaking during the Monsoon session of Parliament Finance minister Nirmala Sitharaman on Thursday pushed back Congress leader Jairam Ramesh’s claims that ordinary people could end up paying more for using the Unified Payments Interface (UPI), clarifying that any Merchant Discount Rate (MDR) on digital transactions would be levied on merchants…
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Stock Market Today Live Updates: Where are BSE Sensex and NSE Nifty50 headed today? Oil prices, global cues and more in focus
Benchmark equity indices ended on a mixed note in the previous trading session, with BSE Sensex outperforming NSE Nifty as buying in heavyweight stocks offset broader caution. The 30-share Sensex climbed 373.76 points, or 0.48%, to settle at 78,954.76 after remaining in positive territory throughout the day. Meanwhile, Nifty 50 traded in a narrow range…
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Gold, Silver Rate Today Highlights: Yellow metal hits seven-week high as oil prices lift demand
Gold prices extended their gains for a fourth consecutive session on Thursday, touching a seven-week high as weaker oil prices, a softer US dollar and lower US Treasury yields lifted demand for the safe-haven metal amid growing optimism over the reopening of the Strait of Hormuz. The rally followed modest gains on Wednesday, when a…
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RBI proposes uniform interest rate norms for banks, NBFCs
The new norms will impact all non-bank lenders, including housing finance companies and microfinance providers MUMBAI: RBI’s move to harmonise interest rate frameworks across regulated entities is likely to standardise loan pricing and improve monetary transmission while reducing the pricing discretion currently available to NBFCs.The move would mark a departure from the existing structure where…
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Tata Sons continues to be in upper layer, RBI indicates
The classification has gained attention after Tata Sons sought to de-register as an NBFC to avoid mandatory listing requirements MUMBAI: RBI governor Sanjay Malhotra indicated that Tata Sons continues to be on the list of upper layer NBFCs, even as the central bank is yet to release its updated classification based on revised principle-based criteria.…