In 2023, a Wall Street analyst summed up the AI hardware boom with a single brutal metaphor: “There’s a war going on out there in A.I., and Nvidia is the only arms dealer.” But what happens when the arms dealer’s own blood comes for the throne? Lisa Su — the soft-spoken engineer who once took…
The IMF predicts that the US economy will achieve 2% growth in 2025, surpassing their July projection of 1.9%. (AI image) Donald Trump’s tariff policies have not proved to be as detrimental to US and global economic growth prospects as previously envisioned by the International Monetary Fund. In its latest World Economic Outlook for 2025,…
Wall Street stocks slipped in early trading on Tuesday as trade tensions with China resurfaced, putting pressure on major indices. The S&P 500 fell 1 per cent, the Dow Jones Industrial Average slipped 383 points or 0.8 per cent, and the Nasdaq composite shed 1.5 per cent as of 9:57 a.m. Eastern time, AP reported.The…
The Employees’ Provident Fund Organisation (EPFO) has extended the period for final settlement or full withdrawal of funds from provident fund and pension accounts for unemployed members. Under the revised rules, members can now withdraw their provident fund after 12 months of unemployment and their pension after 36 months, PTI reported.The change was approved by…
MUMBAI: NPCI International Payments (NIPL), the overseas arm of NPCI, has signed an MoU with NTT DATA Japan to enable UPI acceptance across merchant locations in Japan. The partnership aims to simplify digital payments for Indian tourists and deepen cross-border payment collaboration between India and Japan.NTT DATA Japan operates CAFIS, the country’s largest card payment…
IT services major Tech Mahindra reported a 4.44 per cent decline in its net profit for the September quarter to Rs 1,194.5 crore, according to a company filing on Tuesday. The post-tax profit was lower than Rs 1,250 crore recorded in the same period last year, but slightly higher than Rs 1,141 crore posted in…
Indian households have seen a sharp rise in wealth thanks to the soaring price of gold, with holdings now valued at an estimated $3.8 trillion, accounting for almost 89% of the country’s GDP, according to a Morgan Stanley report. The report says the surge in household wealth is further supported by lower interest payments after…
Silver prices soared Rs 6,000 on Tuesday to touch a lifetime high of Rs 1,85,000 per kilogram (inclusive of all taxes), extending their winning streak to the fifth straight session, according to trade data.The white metal had closed at Rs 1,79,000 per kg in the previous session. Traders attributed the sharp rally to strong festive…
Investors poured record money into gold exchange-traded funds (ETFs) in September, with inflows surging fourfold to Rs 8,363 crore, marking the highest-ever monthly addition in the category. As per ET, experts attribute this sharp rise to gold’s strong performance and its growing appeal as a safe-haven asset amid global uncertainty.According to Anand Vardarajan, chief business…
India, the world’s largest importer of cooking oil, needs a predictable and transparent multi-year tariff framework for edible oils to end a decade of policy volatility that has distorted prices and discouraged investment, a new study has found.The research titled “Tariff Volatility and Stakeholder Dynamics in India’s Edible Oil Sector” — jointly conducted by the…
