Business

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...

May 21, 2024 10:55 AM

Global stocks inch lower, dollar firm as Fed focus intensifies; crypto soars

Asian stocks drifted lower while the dollar held firm on Tuesday as investors awaited minutes of the Federal Reserve's latest policy meeting to gauge the timing and extent of possible interest rate cuts this year. Japan's tech-heavy Nikkei edged higher though, driven by chip shares after the Nasdaq...

May 21, 2024 10:55 AM

Nifty, Sensex open flat; experts predict gains ahead of poll results

Indian benchmark indices began Tuesday's trading session flat amid mixed global cues. The Nifty 50 index was at 22,458 after losing 40 points, while the Sensex shed 206 points to 73,801 at the time of this report. In the Nifty 50 index, 20 stocks opened with gains, 29 declined, and one remained unc...

May 20, 2024 12:44 PM

Global stocks, metals surge as rate cut expectations firm

Asian shares hit two-year highs while copper and gold struck records on Monday as investors wagered on interest rate cuts around the corner and China stepping up efforts to steady its ailing property sector. Brent crude futures rose to a one-week high of $84.25 a barrel after a helicopter crash k...

September 16, 2024 6:06 PM

FSSAI warns fruit traders against using of calcium carbide for ripening

The Food Safety and Standards Authority of India (FSSAI) has issued a stern reminder to fruit traders, handlers, and Food Business Operators (FBOs) managing ripening chambers to adhere strictly to the prohibition of using calcium carbide for artificial fruit ripening.  This alert comes at a critic...

September 16, 2024 5:57 PM

Lok Sabha elections 2024: Stock market closed on May 20 for Mumbai polling day

The stock market will remain closed on Monday due to the Lok Sabha elections in Mumbai, with normal trading set to resume on Tuesday. The next holiday is scheduled for June 17, in observance of Bakrid. Stock exchanges on Saturday held a special trading session that saw enthusiastic participation fr...

October 25, 2024 4:52 PM

North India battles scorching heat; heatwave to continue in Delhi

A day after Delhi's Najafgarh baked at over 47°C to trend as the hottest place in the country, the Met department on Friday held out no immediate respite from the searing and scalding heatwave as it issued a fresh heatwave warning for the northern plains till May 21, Tuesday. Meanwhile, Gujarat is...