BENGALURU: As enterprises race to deploy GenAI, a new challenge is emerging for IT firms: token maxxing. Tokens-the units consumed whenever large language models process information-have become the fundamental currency of AI. But after an initial wave of experimentation, IT services companies are increasingly warning that relentless token consumption without measurable business outcomes could become…
India’s digital connectivity industry is expected to remain a major growth engine, but companies operating in the sector will have to navigate intensifying competition, evolving regulations, cybersecurity threats and rapid technological change, India’s digital connectivity industry is expected to remain a major growth engine, but companies operating in the sector will have to navigate intensifying…
Improving global risk appetite and a strong rally in equities helped nine of India’s 10 most valuable companies add a combined Rs 2.15 lakh crore in market valuation last week, with Bharti Airtel emerging as the biggest gainer.The benchmark BSE Sensex climbed 1,274.95 points, or 1.68%, during the week, PTI reported.“Indian equity markets extended their…
Glasgow: Brexit supporters celebrate at George Square in Glasgow, England, as Britain left the European Union on Friday, Jan. 31, 2020. Britain officially leaves the European Union on Friday after a debilitating political period that has bitterly divided the nation since the 2016 Brexit referendum. (AP/PTI) Ten years after Britain voted to leave the European…
India and the US are set to hold ministerial-level negotiations this week to push forward the first phase of their proposed bilateral trade agreement (BTA), with US Trade Representative Jamieson Greer arriving in New Delhi for two days of talks with Commerce and Industry Minister Piyush Goyal.“For the US trade deal talks, tomorrow my counterpart…
India imported an average 2.66 million barrels per day (bpd) of crude oil from Russia in June through June 19, up from 1.91 million bpd in May. India increased crude oil purchases from Russia and maintained near-record imports from the UAE in June as refiners moved to secure supplies while waiting for a full recovery…
Analysts said the outcome of the talks could influence global risk sentiment and energy markets, with a direct bearing on bullion prices. Gold and silver prices are expected to remain driven by developments in US-Iran negotiations, movements in crude oil prices and a packed global macroeconomic calendar in the coming week, analysts told news agency…
India remains the largest market for the Asian Development Bank’s (ADB) private sector operations, with the multilateral lender expecting to provide about $1 billion in direct financing this year for projects aligned with the country’s development priorities, according to PTI.The planned support follows a year in which ADB channelled over $2 billion to India’s private…
India-EU FTA to open nearly entire European market for Indian exports by 2027: Goyal India and the European Union are set to sign their long-awaited free trade agreement (FTA) by December this year, with the pact likely to come into force between February and March 2027, commerce and industry minister Piyush Goyal said on Sunday.Addressing…
Speaking at an interaction with chartered accountants in Mumbai, Goyal said export growth has remained robust even as global trade faces multiple challenges. India’s merchandise exports have grown about 15% during April 1-June 14 despite ongoing global economic uncertainties and higher US tariffs, commerce and industry minister Piyush Goyal said on Sunday, signalling continued resilience…