MUMBAI: The Indian Global Capability Center (GCC) of Deutsche Bank is betting on a startup-style approach to accelerate AI adoption, with its in-house incubator at Deutsche India Pvt Ltd (DIPL) drawing 100 ideas within its first 100 days, reflecting what its leadership describes as an unusually high openness to technological change among the local workforce.Stefan…
Higher energy prices and uncertainty over the war in the Middle East will boost inflation and weigh on economic growth, a new forecast says. Source link
NEW DELHI: Jindal Steel International is seeking clarity from German authorities, with the proposed deal to acquire Thyssenkrupp Steel facing delays over pension-related issues, persons aware of the matter said. The talks remain active and the deal has not been abandoned, though certain legal and operational matters are yet to be resolved. Pension liabilities remain…
Steve Witkoff, a diplomatic envoy, used the Board of Peace to announce an agreement that could raze a Pakistan-owned Manhattan hotel. Now the country is involved in negotiating peace talks with Iran. Source link
Historically, India’s highest monthly purchases of Russian crude have been around 2.0-2.1 Mbd since the Russia-Ukraine war began in 2022. (AI image) Russian crude has emerged as a major player amid the US-Iran war – global crude oil supply is badly affected via the Strait of Hormuz, Middle East countries are finding it difficult to…
A handful of airports, including San Francisco and Kansas City International, participate in a program that lets them rely on private screeners instead of T.S.A. agents. Source link
Borrowing costs for homebuyers in the US rose further this week, with the average long-term mortgage rate reaching its highest level in more than six months and adding pressure during the peak spring housing season.Mortgage buyer Freddie Mac said the benchmark 30-year fixed mortgage rate increased to 6.38% from 6.22% a week earlier. The rate…
The event will be held in downtown Los Angeles starting in 2029 as part of a deal between the Academy and AEG, a developer of entertainment venues. Source link
India on Thursday urged members of the World Trade Organisation (WTO) to restore a fully functional dispute settlement system, saying the current mechanism has deprived countries of effective redressal, PTI reported.Speaking on the opening day of the WTO’s 14th ministerial conference (MC14) in Yaounde, Cameroon, commerce and industry minister Piyush Goyal stressed the need to…
The region’s stores of natural gas are running at the lowest level in years, and filling them up is increasingly daunting as the U.S.-led war in Iran pushes up prices. Source link
