Union Minister of Commerce and Industry, Piyush Goyal and Jasem Mohamed Albudaiwi, Secretary General of the Gulf Cooperation Council (Photo credit- PTI) India and the Gulf Cooperation Council (GCC) have formally launched negotiations for a comprehensive Free Trade Agreement (FTA) after signing a joint statement aimed at deepening trade and investment ties between the two…
US stocks traded largely steady on Tuesday, a day after sharp losses driven by fears that artificial intelligence could disrupt businesses and industries, even as investors found some reassurance in fresh AI-related investment momentum.The S&P 500 slipped 0.1%, after falling 1% in the previous session amid concerns over AI’s long-term economic impact. The Dow Jones…
BENGALURU: India’s next-generation Fastag system may not require a physical tag at all. Vehicles could be identified through roadside cameras, their type and number detected in real time, and tolls deducted automatically without a windshield sticker, Pramod Varma, a key architect of India’s digital public infrastructure (DPI), said on Tuesday.Speaking at the ConvoZen Conversational AI…
Equity benchmark indices Sensex and Nifty ended sharply lower, falling more than 1 per cent, as heavy selling in information technology stocks combined with global trade uncertainties and rising geopolitical tensions to weigh on investor sentiment.The NSE Nifty declined 288.35 points, or 1.12 per cent, to close at 25,424.65 after touching an intraday low of…
The Union cabinet has approved three railway multitracking projects worth Rs 9,072 crore aimed at expanding network capacity and easing congestion across Maharashtra, Madhya Pradesh, Bihar and Jharkhand, according to an official statement.The projects includes, Gondia–Jabalpur doubling, Punarakh–Kiul third and fourth line, and Gamharia–Chandil third and fourth line, will together add about 307 km to…
A sharp selloff in technology stocks has pushed the Nifty IT index into its steepest monthly decline since the 2008 global financial crisis, as fears around artificial intelligence disruption rattled investor confidence.With Tuesday’s 6% decline, the Nifty IT index has plunged over 21% in February alone, marking its worst monthly fall since the 2008 global…
Since assuming the role of executive chairman in 2017, Chandrasekaran has guided the group through a phase marked by restructuring. Tata Sons executive chairman N Chandrasekaran requested that the board postpone deliberations on extending his tenure for a third term after differences surfaced during the Tata Sons board meeting on Tuesday, according to people aware…
IDFC First Bank disclosed that employees at its Chandigarh branch carried out unauthorised dealings in accounts linked to the Haryana government. (AI image) IDFC First Bank fraud case: Haryana Chief Minister Nayab Singh Saini on Tuesday told the state assembly that the government has succeeded in recovering nearly Rs 556 crore linked to the IDFC…
Real GDP in India is calculated by adjusting nominal growth figures for inflation through the use of price indices. (AI image) India is set to release its first set of GDP or Gross Domestic Product data on the basis of a new series that may also address recent criticism from economists. The government is revamping…
The petitioner approached the High Court seeking quashing of the appointment order and her own appointment based on merit. (AI image) In a strongly worded decision that upheld the constitutional right to equality in the public employment, the Gujarat High Court ruled that refusal to employ an unmarried woman on the assumption that she might…