Silver prices crash over 40% from Rs 4 lakh/kg high to Rs 2.35 lakh, but buyers are still staying away; bigger problem yet to arrive as 2,000 tonnes ordered by Indian dealers risk piling up

Traders and analysts have said that the slowdown in investment demand can be seen across silver exchange-traded funds (ETFs), bars and coins. A huge crash in silver prices should have led to a revival in demand, but investors seem to be staying away. And this has raised a fresh worry ahead of the festive season.Silver…

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Wrong mobile digit sent her train ticket to another passenger who cancelled it; she was deboarded at midnight, arrested and lost her job, Kerala SHRC orders Railways to pay Rs 2 lakh

The incident took place on July 30, 2023, when Jayasmitha was travelling on train 16348. (Image for representative purpose only) You have a confirmed railway ticket, but due to a possible clerical error, your mobile number is typed wrongly, sending the reservation to someone else, who cancels the ticket. You are then deboarded from the…

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Nvidia’s price hike plan may raise India’s AI infra costs

India’s AI infrastructure push could get more expensive NEW DELHI: India’s AI infrastructure push could get more expensive. Nvidia’s reported plan to raise AI server prices by around 15% from next year is expected to increase deployment costs for GPU cloud providers, data-centre operators and companies building large compute clusters, with industry executives warning that…

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Govt eyes auto cos-led model to fix EV charging on highways

The ministry has identified 60 priority corridors for electrification NEW DELHI: Govt wants automakers to take greater responsibility for fixing gaps in India’s electric vehicle EV charging network. Speaking at Siam’s annual session, Kamran Rizvi, secretary, ministry of heavy industries, said nearly half of mapped charging stations were non-functional, underscoring a major consumer pain point…

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EV shift puts auto parts MSMEs under pressure

India’s shift towards electric mobility and tech-intensive vehicles is exposing a capability gap CHENNAI: India’s shift towards electric mobility and tech-intensive vehicles is exposing a capability gap among auto component manufacturers, particularly MSMEs, even as imports of batteries, power electronics, embedded software and advanced electronics rise.Domestic OEM sourcing of auto components grew 16% to Rs…

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