Category: Business

Business

Intel customers to test new Crescent Island GPU in second half of next year

October 15, 2025 admin

Intel’s GPU roadmap trails behind competitors, highlighting the steep climb it faces to establish itself as a serious contender in AI computing [File] | Photo Credit: REUTERS Intel is making a renewed push to secure a spot in the fast-growing AI chip race with its upcoming data center graphics processing unit, code-named Crescent Island, slated…

Business

Broadcom to launch new networking chip, as battle with Nvidia intensifies

October 15, 2025 admin

It comes after Broadcom on Monday unveiled a deal to roll out 10 gigawatts worth of custom chips for ChatGPT maker OpenAI [File] | Photo Credit: REUTERS Broadcom is launching a new networking chip on Tuesday that will help companies build artificial intelligence computing systems by stringing together hundreds of thousands of chips that crunch data,…

Business

Rupee recovers 88 paise from its all-time closing low to 87.93 against U.S. dollar in early trade

October 15, 2025 admin

Representative image | Photo Credit: Reuters The rupee recovered 88 paise from its all-time closing low to 87.93 against U.S. dollar in early trade on Wednesday (October 15, 2025), on easing dollar index after the U.S. Fed indicated more rate cuts in the current year. Forex traders said all decline in crude oil prices and…

Business

Hyundai Motor names Tarun Garg as the first Indian MD and CEO

October 15, 2025 admin

Mr. Garg becomes the first Indian national to take on this leadership role within HMIL, since the company’s establishment 29 years ago. | Photo Credit: Special Arrangement Hyundai Motor India Limited (HMIL) has announced the appointment of Tarun Garg as the next Managing Director and Chief Executive Officer of the company, subject to approval of…

Business

ED restitutes flats to homebuyers in Syndicate Bank fraud case in Udaipur

October 15, 2025 admin

The Jaipur zonal office of the Enforcement Directorate (ED) has restituted flats, commercial units and land plots in Udaipur, with a present market value of ₹175 crore, to 213 innocent homebuyers who were caught up in a ₹1,267.79 crore fraud case, involving a leading bank, and did not get possession of their dwelling units. The…

Business

A green advantage in tractor exports

October 14, 2025 admin

“Tractors are the backbone of Indian agriculture. They are used to plough, sow, harvest, irrigate, transport produce, and manage crop residue. Their versatility across crops and terrains has made them indispensable, reducing drudgery and ensuring timely operations.” File | Photo Credit: The Hindu The government’s recent decision to cut the Goods and Services Tax (GST)…

Business

Inflation lessons: On the inflation data and the RBI

October 14, 2025 admin

The September 2025 retail inflation data, at a 99-month low of 1.54%, has important policy implications for the RBI in particular. Except for August, retail inflation has slowed in every month this financial year. The average rate of inflation for the first half of the fiscal is 2.2%, just within the RBI’s comfort band of…

Business

IMF projects India to grow 6.6% in 2025, cuts projection for next year

October 14, 2025 admin

International Monetary Fund chief economist Pierre-Olivier Gourinchas speaks during the “World Economic Outlook” press briefing at the IMF/World Bank 2025 Annual Meetings in Washington, D.C., U.S., on October 14, 2025. | Photo Credit: Reuters The International Monetary Fund (IMF) in the October outlook increased India’s growth projections by 20 basis points to 6.6% for 2025…

Business

Call for withdrawal of revised guidelines for top appointments in public sector insurance companies

October 14, 2025 admin

The northern chapter of the All India Insurance Employees Association has raised objections to a recent executive order issued by the Appointments Committee of the Cabinet approving “revised consolidated guidelines” for the appointment of Whole-time Directors, Managing Directors, Executive Directors, and Chairpersons in public sector insurance companies, including the Life Insurance Corporation of India, and the…

Business

Rupee falls 12 paise to revisit all-time low of 88.80 against US dollar

October 14, 2025 admin

The rupee registed a decline of 12 paise over its previous close of 88.68. | Photo Credit: Reuters The rupee depreciated 12 paise to revisit its all-time low of 88.80 (provisional) against the U.S. dollar on Tuesday (October 14, 2025), weighed down by negative domestic equities and overnight gains in the American currency. Forex traders…

Business