BENGALURU: Finance minister Nirmala Sitharaman on Sunday said India remained the world’s fastest growing economy and the uncertainty in West Asia, along with India’s import dependence on three major commodities, resulted in the weakening the rupee against the dollar.“Whenever there is a severe fluctuation or volatility in rupee versus dollar, the RBI intervenes in the…
MUMBAI: Tech giants such as SoftBank’s shrinking appetite for India investments, more of smaller startup cheques being written by venture capital (VC) funds or the lack of euphoria in domestic stock markets which has now been overtaken by Taiwan in terms of value for that matter—all are somehow reflective of the fact that India is…
NEW DELHI: With an eye on strengthening the labour market data, the statistics ministry has set up a high-powered experts committee to examine issues linked to the informal sector employment, moonlighting, seasonal migration, and the gig and platform work.The 22-member panel, constituted on June 9, will be headed by Institute for Human Development (IHD) professor…
MUMBAI: Global investment firm KKR has said that central banks globally will start tightening this year and it has expressed caution on long-duration govt bonds, over-levered 2021 vintage deals, lower-income consumer exposure, and assets dependent on a return to the old regime of low inflation, low rates, and abundant liquidity.In its mid-year outlook report ‘The…
SpaceX raised a record-breaking $75 billion through its IPO last week, and two more mega IPOs—OpenAI and Anthropic—are expected soon. Successful closure of all these three offers could mean it’s the global market’s top in the current bull phase, and a major slide could soon follow, one of the world’s leading fund managers has warned.“It…
NEW DELHI: Chief economic advisor (CEA) V Anantha Nageswaran has described the current valuations of AI-related companies as a “bubble”, saying fears about AI-driven job losses may be exaggerated amid intense investor enthusiasm around the technology.Nageswaran said, “The stock market, AI-related stocks and AI-related valuations are definitely a bubble. There is no question about it.”…
Commerce and Industry minister Piyush Goyal on Sunday invited French companies to invest in India’s manufacturing sector, pitching the country as a trusted partner offering scale, talent and innovation opportunities.Speaking at the ‘Bharat Innovates’ event in Nice in the presence of Prime Minister Narendra Modi and French President Emmanuel Macron, Goyal said India can provide…
Referee Omar Artan, center, (AP Photo) Somali referee Omar Artan will receive his full World Cup remuneration despite being unable to officiate at the tournament after being denied entry into the United States, according to a person familiar with the matter.According to the Associated Press, Artan would remain eligible for the same tournament fee he…
India’s Smriti Mandhana hits her fifty (AP/PTI) The blockbuster clash between India and Pakistan at Edgbaston on Sunday not only delivered a commanding Indian victory but also set a new attendance record in the history of the Women’s T20 World Cup.A crowd of 18,814 spectators packed the stadium for the Group 1 encounter, making it…
Manpreet Singh equalled former India captain Dilip Tirkey’s record of 412 international appearances on Sunday, but the milestone came in a 2-3 defeat to the Netherlands in the FIH Men’s Pro League.The experienced midfielder reached the landmark during India’s match against the hosts, becoming only the second Indian men’s hockey player to play 412 international…