OpenAI has appointed Prabhjeet Singh, Uber’s president for India and South Asia, as its managing director for India, marking one of the company’s most significant senior hires in the country as it looks to deepen its presence in one of its top priority markets. Singh will join OpenAI in Sept and report to Kiran Mani,…
Goldman Sachs and EY on Friday said that the easing of West Asia crisis and lower energy prices will be positive for the Indian economy, supporting growth, easing inflationary pressure and helping rein in fertiliser subsidy, which was seen to be double the budgeted level. “…with the recent downward revision in the oil price forecast……
Make use of FTAs, other schemes to boost shipments, government tells businesses NEW DELHI: Govt has asked businesses to make use of the free trade agreements (FTAs) and schemes beyond interest subsidy, which are part of the Export Promotion Mission to boost shipments from the country. Commerce and industry minister Piyush Goyal had met export…
MUMBAI: HDFC Bank said that claims made by former chairman Atanu Chakraborty in his resignation letter, and subsequent remarks about the bank going against his ethics and values, were not substantiated by the bank’s records. “The minutes of the meetings Mr. Chakraborty attended were a product of a comprehensive drafting, review and approval process that…
Humble Re 1 retains coining glory despite rise of digital payments NEW DELHI: It will buy you a candy but not much else. The last time you probably searched for it may have been to settle a toss in a cricket match. Yet, despite a steady drop in its value, Re 1 remains the most…
The Middle East conflict had triggered concerns across global markets as tensions around the Strait of Hormuz threatened energy supplies and raised fears of slower economic growth. However, with the US and Iran reaching a ceasefire and energy markets showing signs of stabilisation, the outlook has improved.Crisil Ratings now expects the impact on corporate India’s…
Employee unions have sought a substantially higher fitment factor of 3.83. (AI image) 8th Pay Commission news: The Eighth Central Pay Commission is expected to adopt a measured approach while deciding the fitment factor, keeping in view the financial implications for both the Centre and the states as it moves into the concluding phase of…
Piyush Goyal on Friday urged Indian and British businesses to look beyond incremental gains from the India-UK Free Trade Agreement (FTA), saying the pact should become a catalyst for “transformational growth” when it comes into force on July 15. Commerce minister Piyush Goyal on Friday urged Indian and British businesses to look beyond incremental gains…
Among the biggest drags was Micron Technology, whose shares fell 5.5%. The memory-chip maker has been one of Wall Street’s biggest winners this year, with its stock roughly quadrupling as AI-driven demand boosted sales. Wall Street slipped on Friday as another sharp selloff in artificial intelligence (AI)-linked stocks outweighed gains across much of the broader…
India’s economy is expected to grow 6.6-6.8% in FY27, with easing global energy prices and the normalisation of shipments through the Strait of Hormuz likely to improve growth and inflation prospects India’s economy is expected to grow 6.6-6.8% in the current financial year, with easing global energy prices and the normalisation of shipments through the…
