AI is ‘root and branch surgery’, says Nandan Nilekani

Nandan Nilekani (File photo) BENGALURU: Calling the AI shift a “root-and-branch surgery” of how businesses function, Infosys chairman Nandan Nilekani urged enterprises to rethink not just technology stacks but also how employees work, adapt, and create value in an AI-first world. Speaking at the Infosys Analyst Day held on Tuesday, Nilekani said the conversation around…

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Maruti rolls out e-Vitara at under Rs 11 lakh

The pricing noted applies to the 49 kWh variant and is based on an assumed daily usage of 60 km. NEW DELHI: India’s electric vehicle market is set for intense competition with Maruti Suzuki launching the all-new e-Vitara at a starting price of Rs 10.99 lakh, with a Rs 3.99 per km Battery-as-a-Service (BaaS) ownership…

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Gift City’s 1st IPO to open early March

MUMBAI: A $12 million raise for XED Executive Development, an executive education company, is set to be the first IPO from Gift City. The offer, expected for an early-March opening, is set to be listed on NSE and BSE’s international exchanges in Gift City, a release from the company said.XED has obtained the requisite nod…

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Gold import volume dips 18%, silver surges 56%

NEW DELHI: Despite the surge in gold and silver imports upsetting the trade balance, the trends for the two precious metals are very different. With the average price of gold rising nearly 25% on a year-on-year basis to $94,554 a kg during April-Dec, buyers became cautious, resulting in demand falling. Data released by the commerce…

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Capital values outpace rental growth: Report

MUMBAI: Even as property prices continued to rise at a faster pace – 2.2 % in the Dec quarter, rental demand declined by 2.4% quarter-on-quarter across India, indicating a market adjusting to yield compression rather than a broad-based slowdown, Magicbricks said in a report. Chennai emerged as the top market in terms of gross rental…

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Boost for realty, infra firms as RBI overhauls ECB norms

MUMBAI: Real estate, infrastructure, and corporate sectors are set to gain wider access to overseas funding with RBI overhauling external commercial borrowing (ECB) rules, sharply expanding the pool of eligible borrowers and clarifying permissible uses under the Foreign Exchange Management Act, 1999 framework.The amended regulations shift the ECB regime from a restricted, sector-based eligibility model…

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US stocks today: Wall Street swings as AI jitters, weak consumer sentiment weigh on markets

File photo (Picture credit: AP) US stocks were mixed in uneasy trading on Tuesday as companies flagged weakening consumer confidence and investors continued reassessing the impact of artificial intelligence on corporate earnings.The S&P 500 was virtually unchanged after swinging between a modest gain and a drop of nearly 1%. The Dow Jones Industrial Average rose…

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