US stocks fell sharply on Friday as renewed fears around artificial intelligence-driven disruption, a stronger-than-expected inflation reading and rising geopolitical tensions weighed on investor sentiment.The S&P 500 declined 0.8%, heading toward what could be only its second losing month in the past 10. The Dow Jones Industrial Average dropped 569 points, or 1.2%, while the…
India has grown rapidly despite its slow industrialization, and its economy is now nearly as big as Japan’s. Source link
Owning overseas real estate, whether in Dubai, London or Singapore, has become an increasingly popular aspiration among Indian investors. But recent enforcement action has highlighted that foreign property purchases can invite regulatory scrutiny if Foreign Exchange Management Act (FEMA) rules are not followed carefully.Earlier this month, the Directorate of Enforcement conducted searches under FEMA, 1999…
Amazon, Nvidia and SoftBank led the investment, valuing the parent of ChatGPT at $730 billion. Source link
OpenAI has secured a massive $110 billion funding round, valuing the ChatGPT maker at $730 billion, as the artificial intelligence company accelerates investments to meet rapidly expanding global demand for AI services.The investment — among the largest fundraising rounds in Silicon Valley history – includes $30 billion each from Japanese conglomerate SoftBank and chipmaker Nvidia,…
The provisional application of the agreement with Brazil, Argentina, Paraguay and Uruguay is intended to diversify Europe’s trading relationships. Source link
The Centre’s fiscal deficit stood at Rs 9.8 lakh crore at the end of January, accounting for 63 per cent of the full-year Budget target for 2025-26, according to data released by the Controller General of Accounts (CGA), PTI reported.The deficit level was lower compared with 74.5 per cent of the annual target recorded during…
The media company controlled by the Ellisons out-dueled Netflix for control of Warner Bros. Discovery. The next step is making the combined media empires work. Source link
India’s foreign exchange reserves declined by $2.119 billion to $723.608 billion for the week ended February 20, according to data released by the Reserve Bank of India (RBI) on Friday, PTI reported.In the previous reporting week, the country’s overall reserves had risen sharply by $8.663 billion to touch a record high of $725.727 billion.During the…
The Tesla and SpaceX chief has told his followers that they will live in a world where robots will take care of every need and people do not have to work, in what has become his latest slogan. Source link
