Business & Economy

May 22, 2024 4:18 PM

US announces details on higher China tariffs, some to start Aug. 1

The U.S. Trade Representative's office on Wednesday said some of the steep tariff increases on an array of Chinese imports including electric vehicle batteries, computer chips and medical products will take effect on August 1. President Joe Biden will keep tariffs put in place by his Republican pre...

May 22, 2024 3:07 PM

Global stocks slip on inflation jitters

Share markets fell on Wednesday as stronger-than-expected inflation in Britain offset investor hopes that AI-heavyweight Nvidia could meet sky-high expectations, with the market also waiting for possible clues on when the U.S. Federal Reserve will begin to bring down interest rates. European stocks...

September 16, 2024 5:56 PM

Nifty, Sensex open flat; DIIs sustain market momentum

Indian benchmark indices opened cautiously on Wednesday, with buying by Domestic Institutional Investors (DIIs) offsetting selling by Foreign Institutional Investors (FIIs). The Nifty 50 index rose by 20 points to reach 22,549.70 from the previous close of 22,529.05, while the Sensex also gained 91...

September 16, 2024 6:43 PM

Paytm registers 25% growth in revenue at Rs 9,978 crore in 2023-24

Paytm, the leading fintech brand operated by One 97 Communications, has reported a 25% surge in revenue, reaching Rs 9,978 crore during the financial year 2023-24. The company attributed the growth to the increasing gross merchandise value (GMV), expansion of merchant devices, and the flourishing fi...

May 22, 2024 11:31 AM

AI Global Forum opens in South Korea during second AI summit

Safety is a priority in the use of artificial intelligence, South Korean Prime Minister Han Duck-soo said at the opening of the Artificial Intelligence (AI) Global Forum in Seoul on Wednesday (May 22). The one-day global forum is being held alongside the second AI global summit, which is a two-day e...

May 21, 2024 8:31 PM

BSE Market Cap Hits $5 Trillion Milestone

The market capitalisation of companies listed on the Bombay Stock Exchange (BSE) has reached a historic $5 trillion as of May 21, marking a fresh high. This achievement is attributed to the ongoing rally in the Indian stock markets, bolstered by firm support from various sectoral indices and positiv...

October 25, 2024 4:52 PM

Delhi govt orders schools to close amid soaring temperatures

The Delhi government has ordered all private and government-aided schools in the capital city to close for summer vacation with immediate effect till June 30. The decision was made in light of the soaring temperatures in the region. According to a circular issued by the Directorate of Education, ma...

May 21, 2024 4:19 PM

AI summit secures safety commitments from 16 companies

Sixteen companies involved in AI including Alphabet's Google, Meta, Microsoft and OpenAI, as well as companies from China, South Korea and the United Arab Emirates have committed to safe development of the technology. The announcement unveiled in a UK government statement on Tuesday came as South K...