Business

May 17, 2024 2:43 PM

China unveils ‘historic’ steps to stabilise crisis-hit property sector

China on Friday announced "historic" steps to stabilise the crisis-hit property sector, allowing local governments to buy "some" apartments, relaxing mortgage rules and pledging to deliver unfinished homes. Investors hoped the measures marked the beginning of more decisive government intervention t...

September 16, 2024 6:17 PM

Nifty, Sensex dip in early trade

Indian benchmark indices started Friday's trading session on a muted note, influenced by global cues. The Nifty 50 index declined by 29 points to 22,374.20 in the early trade while the BSE Sensex lost 149 points to 73,548 at the time of filing this report. Ajay Bagga, Banking and Market Expert, sai...

May 17, 2024 11:10 AM

OpenAI strikes deal to bring Reddit content to ChatGPT

Reddit has partnered with OpenAI to bring its content to popular chatbot ChatGPT, the companies said on Thursday, sending the social media platform's shares up 12% in extended trade. The deal underscores Reddit's attempt to diversify beyond its advertising business, and follows its recent partnersh...

October 25, 2024 4:52 PM

Delhi: 13-year-old girl in coma wakes up after liver transplant

A 13-year-old girl in Delhi, who had been in a coma, regained consciousness after undergoing a liver transplant at Sir Ganga Ram Hospital. The Pediatric Intensive Care Unit (PICU) team, under the guidance of senior consultants in pediatrics including Dr. Anil Sachdeva, Dr. Dhiren Gupta, Dr. Neeraj G...

May 16, 2024 1:52 PM

As US hikes China tariffs, imports soar from China-reliant Vietnam

As the United States intensifies efforts to reduce trade with China by hiking tariffs, it has greatly boosted imports from Vietnam, which relies on Chinese input for much of its exports, data show. The surge in the China-Vietnam-U.S. trade has vastly widened trade imbalances, with the Southeast Asi...

September 16, 2024 6:06 PM

Centre cuts windfall tax on petroleum crude, new rates effective from today

India has reduced the windfall tax on petroleum crude from 8,400 rupees per metric ton to 5,700 rupees, effective from May 16. The tax, which is revised every fortnight, remains unchanged at zero for diesel and aviation turbine fuel, according to a government notification issued on May 15. This mo...

September 16, 2024 6:07 PM

US-China tariff war presents trade opportunities for India

The latest round of the tariff war between the US and its largest trade partner, China, is set to present a significant opportunity for India. US President Joe Biden, in a move that is seen as a protectionist measure to reduce trade imbalance, imposed heavy tariffs on Chinese products including bat...

May 15, 2024 12:01 PM

Moody’s expects India to grow 6.6% in 2024-25 fiscal

The Indian economy is expected to grow at 6.6 per cent in the current financial year 2024-25, fuelled by strong credit demand that will support the NBFC sector's profitability, Moody's Ratings said. The rating agency's 2024-25 GDP growth estimates are, however, lower than the projections made by th...

May 14, 2024 11:19 AM

OpenAI unveils new AI model as competition heats up

ChatGPT maker OpenAI said on Monday it would release a new AI model called GPT-4o, capable of realistic voice conversation and able to interact across text and image, its latest move to stay ahead in a race to dominate the emerging technology. New audio capabilities enable users to speak to ChatGPT...