CHENNAI/MUMBAI: The GST rate cut is driving MSMEs to seek additional funding from banks for expansion. After the GST rejig, banks have seen a spike in enquiries for advances from the MSMEs. It comes amid lenders having moved closer to their annual targets for the MSME segment in the first half of the current fiscal….
Under the plan, the company will dissolve and its owners, members of the Sackler family, will pay as much as $7 billion of their personal fortune to states, localities, tribes and others harmed in the opioid crisis. Source link
Gold prices slipped in the domestic derivatives market on Friday, mirroring the softer trend overseas as traders reacted to easing expectations of a near-term US Federal Reserve rate cut.Gold contracts on the Multi Commodity Exchange (MCX) opened weak and stayed under pressure through the session. The December futures dropped by Rs 345, or 0.27%, settling…
The company claimed that A.I. did most of the hacking with limited human input and said it was a rapid escalation of the technology’s use in cybercrime. Source link
Andhra Pradesh is set to see another major AI boost, months after Google announced its AI data centre investment. This time, Reliance Industries has announced setting up a 1 GW AI-focused data centre in the south Indian state. The upcoming Reliance facility will be built as a modular unit equipped with graphic processing units, tensor…
The deal would reduce an extraordinarily high tariff rate of 39 percent that had threatened to cripple Swiss exports. Source link
India’s move to scrap Quality Control Orders (QCOs) on a wide basket of raw materials across textiles, plastics and mining has brought immediate relief to manufacturers, even as the Global Trade Research Initiative (GTRI) has urged the government to keep a tight watch on possible import surges, ANI reported.The withdrawal, notified on November 13, eliminates…
Jobs and inflation data will be released late and with caveats, complicating the Federal Reserve’s interest rate deliberations. Source link
Switzerland on Friday announced plans to invest $200 billion in the US through 2028 after finalising an agreement with the Trump administration to sharply reduce tariffs on Swiss goods.Economy Minister Guy Parmelin said the US has agreed to bring tariffs on most Swiss products down to 15%, matching the rate imposed on the European Union,…
This summit is unlike any of its predecessors in at least one significant way: The Indigenous presence is palpable and strong. Source link
