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Representational image of the bull statue at the Bombay Stock Exchange building, in Mumbai | Photo Credit: PTI Equity benchmark indices, Sensex and Nifty began the trade on an optimistic note on Tuesday (January 28, 2025), mainly due to heavy buying in banking stocks after the Reserve Bank of India announced measures to inject liquidity…
Read More “Markets rally in early trade amid heavy buying in banking stocks” »
Federal Bank Ltd for the third quarter ended December 31, 2024 reported 5% drop in net profit at ₹955.44 crore as compared with ₹1,007 crore in the year ago period. Net Interest Income (NII) of the bank for the quarter grew 14.5% Year on Year (YoY) to ₹2,431.34 crore. Gross NPA has reduced to ₹4,553.31…
Reserve Bank of India (RBI) Governor Sanjay Malhotra. | Photo Credit: Reuters Flagging the rising digital frauds, RBI Governor Sanjay Malhotra on Monday urged banks to put in place robust and proactive systems to curb such misdoings as well as enhance their oversight of third-party service providers to mitigate the risks. Mr. Malhotra along with…
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C.P. Gurnani, co-founder and Chief Executive Officer, AIonOS and Vikram Sinha, President Director and Chief Executive Officer Indosat Ooredoo Hutchison sign MoU at Aerocity, in New Delhi, on January 27, 2025 | Photo Credit: PTI The rapid uptake of Deepseek, the Chinese-developed artificial intelligence (AI) foundational large language model (LLM), has put the AI race…
Read More “Deepseek’s rapid progress renews debate on Indian foundational AI model” »
Abhinandan Lodha, Deputy Managing Director, Lodha Group. Bombay High Court proposed the appointment of a mediator to resolve the alleged case of trademark breach by the House of Abhinandan Lodha (HoABL) over Macrotech Developers’ brand name “Lodha,” in a hearing on Monday (January 27, 2025). “If it is agreeable I propose to give two weeks…
Read More “Bombay High Court proposes mediation between Lodha brothers in trademark breach case” »
Central bank independence is being challenged in parts of the world and greater political influence could undermine banks’ ability to keep inflation down, risking economic volatility, European Central Bank President Christine Lagarde said on Monday. U.S. President Donald Trump said last week he would demand that the Federal Reserve lower borrowing costs, claiming that he…
Read More “ECB’s Lagarde warns over cost of losing independence” »
Wall Street’s superstars are tumbling Monday as a competitor from China threatens to upend the artificial-intelligence frenzy they’ve been feasting on. The S&P 500 was down 1.9% in midday trading and heading for its worst day in more than a month. Big Tech stocks took some of the heaviest losses, with Nvidia down 17.6%, and…
Read More “Tech stocks tumble as DeepSeek threatens to upend the AI industry; Nvidia down 17%” »
Deepseek logo. | Photo Credit: Reuters The S&P 500 and the Nasdaq dropped on Monday (January 27, 2025), as the surging popularity of a low-cost Chinese artificial intelligence model knocked shares of chipmaker Nvidia and other companies benefiting from investments into the technology. Chinese startup DeepSeek has rolled out a free assistant it says uses…
Read More “Nasdaq, S&P tumble as China’s DeepSeek AI model rattles Big Tech” »
File photo of Prime Minister Narendra Modi. | Photo Credit: ANI Prime Minister Narendra Modi is pouring billions into ailing state-run firms after slowing ambitious divestment plans that were intended to reduce the role of the state in business, according to government sources and a document reviewed by Reuters. Less than a month into 2025,…
Read More “India to ditch privatisation plans, pour billions in state-run firms, sources say” »
Deepseek logo is seen in this illustration taken January 27, 2025. | Photo Credit: Reuters Chinese startup DeepSeek’s launch of its latest AI models, which it says are on a par or better than industry-leading models in the United States at a fraction of the cost, is threatening to upset the technology world order. The…
Read More “What is DeepSeek and why is it disrupting the AI sector?” »