RBI keeps rates steady, positive on growth and inflation

MUMBAI: The Reserve Bank of India on Thursday kept the policy repo rate unchanged at 5.25%, with the Monetary Policy Committee (MPC) voting unanimously to maintain status quo while modestly revising up its near-term growth and inflation forecasts.Following the decision, the standing deposit facility rate remains at 5%, while the marginal standing facility rate and…

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AI upends software economics, raises ‘SaaSpocalypse’ concerns

BENGALURU: A sharp selloff in global software stocks over the past month has reignited a basic question for founders, investors and customers alike: what happens to the economics of software-as-a-service when AI makes building and maintaining software dramatically cheaper?Advances in GenAI, autonomous agents and AI-assisted coding are forcing a rethink of long-held assumptions about SaaS…

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