Positive sentiment in domestic equity markets failed to support the Indian currency as the greenback index remained elevated while crude oil prices were on upward move, forex traders said. File | Photo Credit: V.V. Krishnan The rupee depreciated 10 paise to hit a new all-time low of 85.25 against the U.S. dollar in early trade … Read more
From the 30 blue-chip stocks, State Bank of India, Maruti, Axis Bank, ICICI Bank, Mahindra & Mahindra and Power Grid were among the biggest gainers. File. Representational image Benchmark indices Sensex and Nifty surged in early trade on Thursday (December amid a rally in Asian markets and buying in blue-chip bank stocks. The 30-share BSE … Read more
Image used for representation purposes | Photo Credit: Getty Images Investors in small savings schemes should brace themselves for a year of interest rate cuts, and the first reduction in returns on these schemes may come as early as this week when the government resets rates for the January to March quarter. While the case … Read more
Social media was aflame with euphoria and glee on December 5 as Bitcoin crossed $100,000 for the very first time, buoyed by investors’ hopes in a pro-crypto Trump administration. As Bitcoin’s value spiked, other cryptocurrencies and tokens followed suit. During that week, Ripple’s XRP surged by almost 50%, TRON’s TRX shot up by more than … Read more
The World Bank raised on Thursday its forecast for China’s economic growth in 2024 and 2025, but warned that subdued household and business confidence, along with headwinds in the property sector, would keep weighing it down next year. The world’s second-biggest economy has struggled this year, mainly due to a property crisis and tepid domestic … Read more
Indian policymakers specialised in artificial intelligence (A.I.), who were surveyed by tech giant OpenAI on AI risk perceptions broadly said that threats to education from A.I. are a uniquely high area of concern in India compared to other countries. However, experts within government, industry, and academia told The Hindu that they disagreed with many findings … Read more
There are particularly low levels of engagement in learning and education among the vast majority of students in India, according to multiple experts who spoke to The Hindu. Most children fail to do their homework or engage substantively with their course material. This atmosphere creates a unique opportunity for cutting-edge technologies like generative A.I. tools … Read more
An employee of a stock trading firm looking at a share price on his computer. | Photo Credit: The Hindu Benchmark indices Sensex and Nifty ended flat in listless trading on Thursday (December 26, 2024) amid a lack of near-term triggers and unabated foreign fund outflows. The 30-share BSE benchmark Sensex dipped 0.39 points to … Read more
Image used for representative purpose only. | Photo Credit: Reuters The rupee stayed weak for the third straight session and fell 12 paise to settle at a fresh all-time low of 85.27 (provisional) against the U.S. dollar on Thursday, amid a strong greenback and rising crude oil prices. Forex traders said, increased month-end as well … Read more
The Reserve Bank of India (RBI) has announced that it has constituted a committee to develop a Framework for Responsible and Ethical Enablement of Artificial Intelligence (FREE-AI) in the Financial Sector. An announcement on this was first made on December 6 along with the monetary policy announcement. The committee will be led by Pushpak Bhattacharyya, … Read more