Articles for category: Business

Market News

Amidst global turmoil, S Jaishankar forges new alliances with Germany, discussing security, trade, and evolving international dynamics.

Amidst global turmoil, S Jaishankar forges new alliances with Germany, discussing security, trade, and evolving international dynamics.

External Affairs Minister S. Jaishankar is currently in Germany as part of a three-nation tour. During his visit, he met Michael Roth, the chairman of the German Parliament’s Foreign Affairs Committee, to discuss global challenges and explore new avenues for collaboration between India and Germany. Jaishankar also engaged in a dynamic conversation with foreign policy ...

Market News

Protests erupt in Mexico’s Senate over a controversial judicial reform, raising fears of diminished rule of law and increased authoritarianism.

Protests erupt in Mexico’s Senate over a controversial judicial reform, raising fears of diminished rule of law and increased authoritarianism.

Mexico’s Senate has temporarily halted discussions on a controversial judicial reform after protesters stormed the building. Critics argue that the proposed changes could undermine the country’s rule of law, leading to widespread demonstrations. The reform, backed by outgoing President Andres Manuel Lopez Obrador and President-elect Claudia Sheinbaum, suggests electing over 6,500 judges, including Supreme Court ...

Market News

Stock markets face uncertainty as investors react to global trends and await crucial economic data, with oil prices hovering low.

Stock markets face uncertainty as investors react to global trends and await crucial economic data, with oil prices hovering low.

On Wednesday, September 11, 2024, India’s stock Market is set to open cautiously, following global trends. The Sensex and Nifty indices are expected to show mixed results, with GIFT Nifty futures down 5 points at 25,092. Investors are closely watching oil prices, which are nearing three-year lows, and the recent OPEC cuts in crude demand ...

Market News

In a largely overlooked revelation, India’s Finance Minister unveiled crucial budget disclosures, signaling impending transformative changes in taxation.

In a largely overlooked revelation, India’s Finance Minister unveiled crucial budget disclosures, signaling impending transformative changes in taxation.

Finance Minister Nirmala Sitharaman’s Budget for 2024-25, presented on July 23 and approved by Parliament on August 8, included an important yet overlooked disclosure found in Statement No 27-A. The 54th Goods and Services Tax (GST) Council meeting made noteworthy decisions to enhance the tax system’s efficiency. However, challenges remain, such as addressing GST on ...

Market News

India’s largest supercomputer, featuring groundbreaking AI, will enhance digital infrastructure following a key India-UAE collaboration.

India’s largest supercomputer, featuring groundbreaking AI, will enhance digital infrastructure following a key India-UAE collaboration.

Microsoft and G42, backed by Mubadala, are set to build India’s largest supercomputer, capable of performing eight exaflops, or millions of trillion floating-point operations per second. G42 India CEO Manu Jain announced this project, along with a new Hindi language AI model named NANDA, which allows users to communicate in Hindi, English, and Hinglish. This ...

Market News

OpenAI’s “Strawberry,” a text-focused AI, enhances reasoning in ChatGPT, promising thoughtful responses soon.

OpenAI’s “Strawberry,” a text-focused AI, enhances reasoning in ChatGPT, promising thoughtful responses soon.

OpenAI is set to launch “Strawberry,” a new reasoning-focused AI model, as part of its ChatGPT service within two weeks. Unlike traditional conversational AI, Strawberry is designed to “think” before responding, offering a unique approach to interaction. While it is a standalone feature, it will initially focus on processing and generating text, without the capability ...

Market News

PhonePe partners with Liquid Group to enable seamless UPI payments for Indian travelers in Singapore, enhancing their travel experience.

PhonePe partners with Liquid Group to enable seamless UPI payments for Indian travelers in Singapore, enhancing their travel experience.

Walmart’s fintech company, PhonePe, has teamed up with Liquid Group to enhance payment options for Indian travelers in Singapore. This partnership allows PhonePe users to easily scan QR codes at various locations, including popular tourist spots like Changi Airport, restaurants, and shops. Ritesh Pai, CEO of International Payments at PhonePe, expressed excitement about enabling quick ...

Market News

Dixon Technologies divests its stake in AIL Dixon Tech to Aditya Infotech, navigating complex acquisitions amidst fierce market competition.

Dixon Technologies divests its stake in AIL Dixon Tech to Aditya Infotech, navigating complex acquisitions amidst fierce market competition.

Dixon Technologies (India) has recently announced plans to sell its 50% stake in the joint venture AIL Dixon Technologies to Aditya Infotech. The move comes with approval from India’s fair trade regulator, the CCI, which has also cleared Aditya Infotech’s acquisition of a stake in AIL Dixon Technologies. The joint venture specializes in manufacturing electronic ...

Market News

Huawei’s new Mate XT foldable phone garners 3.6 million pre-orders, overshadowing Apple’s latest iPhone amid fierce competition in China.

Huawei’s new Mate XT foldable phone garners 3.6 million pre-orders, overshadowing Apple’s latest iPhone amid fierce competition in China.

Huawei has launched its new three-way foldable smartphone, the Mate XT, aiming to strengthen its position against Apple in China’s competitive smartphone Market. The device garnered over 3.6 million pre-orders on Huawei’s website, even before its official release on September 20, coinciding with the expected launch of Apple’s latest iPhone model. Despite Huawei’s success in ...

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