NEW DELHI: Indian basket crude prices returned to pre-conflict levels Wednesday, with the basket priced at $70.71 per barrel, reducing the import bill, easing inflationary pressures and improving the financial position of the Centre and oil marketing companies. The Indian basket of crude oil is a derived basket comprising the sweet grade of Brent Dated…
NEW DELHI: The US has assured India that access to critical artificial intelligence technologies will not become a challenge for trusted partners, IT secretary S Krishnan said on Thursday after discussions with US officials on the future of AI collaboration.The discussions come weeks after the US commerce department directed AI firm Anthropic to restrict foreign…
Amazon CEO Andy Jassy has been with the company since 1997 and moved into his current role five years ago. On his first visit to India as chief executive, Jassy announced a further scale up in its investment and a ramp up of the quick commerce business to 300 cities. He also took time out…
The rupee strengthened by 10 paise to close at 94.45 against the US dollar on Thursday, supported by easing global crude oil prices, a positive domestic equity market and a marginally weaker US dollar, though foreign fund outflows capped further gains.At the interbank foreign exchange market, the rupee opened at 94.30 against the dollar and…
Banks will remain closed in several parts of the country on Friday, June 26, on account of Muharram (Yaom-e-Shahadath), Last Day of Moharam and Ashoora. However, bank branches will continue to operate in some cities, according to the Reserve Bank of India’s (RBI) holiday calendar.Banks will remain open on June 26 in these citiesBank branches…
Fourteen years after a takeover that critics dismissed as a costly gamble, SK Hynix has emerged as the biggest beneficiary of the artificial intelligence boom, overtaking Samsung Electronics to briefly become South Korea’s most valuable listed company, according to a Reuters report.The turnaround was driven by an early bet on high-bandwidth memory (HBM) chips, a…
Centre has introduced a risk-based compliance mechanism to ease industry compliance with Quality Control Orders (QCOs), allowing eligible manufacturers to follow a simplified certification route while maintaining product quality and consumer protection. The Centre has introduced a risk-based compliance mechanism to ease industry compliance with Quality Control Orders (QCOs), allowing eligible manufacturers to follow a…
Experts see near-term volatility and decisions on rate hikes influencing the outlook of gold prices. (AI image) Gold prices have crashed around 30% from their all-time peaks seen in January this year. Silver is down more than 50%! At present, gold is trading at a seven month low in international markets.In January 2026, gold prices…
US stocks traded mixed on Thursday as a rally in artificial intelligence-linked chipmakers led by Micron Technology offset losses in Apple, which came under pressure after announcing price increases across several products US stocks traded mixed on Thursday as a rally in artificial intelligence-linked chipmakers led by Micron Technology offset losses in Apple, which came…
The Personal Consumption Expenditures (PCE) price index, the US Federal Reserve’s preferred inflation gauge, rose 4.1% in the 12 months through May, up from 3.8% in April, data released by the Commerce Department’s Bureau of Economic Analysis showed on Thursday. US inflation accelerated above the 4% mark for the first time in three years in…