MUMBAI: RBI governor Sanjay Malhotra has hinted that the central bank may not react to the current bout of inflation and spurt in credit growth. Malhotra struck a notably composed tone, describing price pressures as contained even if “currently a bit elevated”, and attributed the uptick largely to supply-side disturbances.“Inflation is also under control although…
CHENNAI: Market regulator Sebi on Friday said it has extensively deployed artifcial intelligence capabilities, with these tools generating a growing number of actionable alerts. These alerts have helped uncover patterns indicating recent instances of front-running in the portfolio management services (PMS) industry.“Recently, we have noticed our AI generating enough alerts, and over a period of…
Representative photo (IANS image) BENGALURU: The quick commerce race is no longer mainly about reaching new neighbourhoods. It is becoming a fight over the same pin codes. India’s five largest operators added close to 900 dark stores between April and July this year, with Blinkit, Flipkart Minutes and Amazon Now leading the expansion, according to…
MUMBAI: Benchmark indices ended higher on Friday, with the sensex climbing 965 points and Nifty reaching the 24,330 level, propelled by buying in blue-chip Reliance Industries, bank and IT stocks.Additionally, a strengthening rupee against the US dollar improved sentiment, even as the broader market remained predominantly negative due to weak global cues, traders said.“There is…
NEW DELHI: When it comes to wooing investors and facilitating sustained investments Gujarat, Maharashtra, Tamil Nadu, Goa and Odisha have emerged as the top performing states in the first ever ‘Investment Friendliness Index’ released by NITI Aayog on Friday.The states scored well over 50 on a scale of 1-100 in the index covering all 36…
CHENNAI: With a slate of crucial free trade agreements (FTAs) operationalised, the textile industry is upbeat on export opportunities. The UK deal, which kicked in on Wednesday, eliminates tariffs of up to 12% and brings parity with key competitors like Bangladesh and Vietnam. While companies of all sizes are actively negotiating orders, concerns remain that…
India’s first hydrogen-powered train will run between Jind and Sonipat taking over two hours to complete the journey. India’s first hydrogen train was flagged off by Prime Minister Narendra Modi on Friday at the Jind railway station in Haryana. With this launch, India joins a list of select countries in the world that have trains…
Semiconductor stocks remained at the heart of the market weakness. US stock market today: Fresh selling in computer chipmakers and other companies that have benefited from the artificial intelligence boom dragged global equity markets lower on Friday, while oil prices continued to rise amid the ongoing conflict with Iran.The S&P 500 declined 1.3%, putting it…
Representative image (AP photo) Apple Inc has once again become the world’s most valuable company, overtaking Nvidia after the chipmaker’s shares fell sharply on Friday, according to a Bloomberg report.Nvidia’s stock dropped 3.7%, reducing its market value to about $4.8 trillion. Apple, meanwhile, gained 0.4%, pushing its valuation to around $4.9 trillion and reclaiming the…
Gujarat topped the overall rankings with a score of 56.6. Which Indian states are the most investor friendly? Gujarat, Maharashtra and Tamil Nadu have secured the top three positions in NITI Aayog’s Investment Friendliness Index for states and Union Territories (UTs), according to the report released on Friday.At the other end of the rankings, Lakshadweep…
