Apple’s A.I. Chief, John Giannandrea, Is Retiring
John Giannandrea, hired from Google, is leaving after the release of a new Siri was postponed. Apple has fallen behind rivals in efforts to develop A.I. products. Source link
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Current account deficit narrows to 1.3% of GDP
MUMBAI: India’s current account deficit narrowed to $ 12.3 billion, or 1.3% of GDP, in the Sept quarter, improving sharply from $20.8 billion, or 2.2% of GDP, a year earlier. The deficit, however, deteriorated quarter-on-quarter from $2.4 billion, or 0.2% of GDP, recorded in the June quarter. For the first half of FY26, the gap…
Indian buyers secure huge soy oil deal: Traders lock in over 150k tons/month from South America; here’s why
Indian importers have stepped up advance purchases of South American soybean oil, securing large volumes for delivery from April to July 2026 as they brace for a potential jump in palm oil prices next year.According to a Bloomberg report, Aashish Acharya, vice president at Patanjali Foods Ltd, said buyers have committed to more than 150,000…
Cyberfraud on rise: Fraudsters shift focus towards small business accounts; exploit PANs and fake Udhyam certificates
Financial fraudsters are increasingly shifting their operations toward small business and current accounts, using them to move large amounts of illegal funds, executives at fraud-detection startups said.In the past, scammers generally hijacked retail and Jan Dhan accounts and converted them into mule accounts. However, now they are turning to business accounts for the same purpose….
Pace, Di Donna and David Schrader Join Forces to Form New Art Gallery
Pace, Di Donna and David Schrader of Sotheby’s are collaborating on an Upper East Side space that will focus on secondary market sales. Source link
Winter session: To ensure sin goods stay costly, FM Sitharaman moves bills for extra levies
NEW DELHI: Seeking to ensure that prices of sin goods such as tobacco products and pan masala do not fall after withdrawal of GST compensation cess, finance minister Nirmala Sitharaman on Monday moved two bills that will empower govt to levy excise duty on tobacco and tobacco products, while imposing health and national security cess…
Rupee outlook: Currency slips to 89.53 against US dollar; manufacturing and industrial growth slow
Indian rupee declined by 8 paise to end at 89.53 against the US dollar on Monday, weighed down by heightened demand for the dollar and concerns over the widening trade deficit. Forex traders said limited intervention by the central bank and delays in the India–US trade deal have also contributed to the rupee’s ongoing weakness.At…
‘Panch-Jyoti’: RBI’s 5-year strategy to boost financial inclusion; key goals and action points explained
Reserve Bank of India Governor Sanjay Malhotra on Monday unveiled the National Strategy for Financial Inclusion (NSFI) 2025-30, aimed at expanding financial access and usage across India over the next five years. The strategy promotes a holistic, ecosystem-based approach to improve the quality, reach, and consistency of last-mile financial services. Objectives focus on women, households,…
TSA Imposes $45 Fee for Travelers Without REAL ID Starting February 2026
As of February, passengers without the government-approved identity card will be required to pay for alternative screening at U.S. airports. Source link
Rs 7,280 crore rare Earth magnet scheme: Industry hails REPM initiative; firms see reduced import dependence
Union Cabinet’s approval of a Rs 7,280 crore rare earth permanent magnet (REPM) scheme has been welcomed by industry executives as a major boost to India’s EV and electronics supply chains. The programme aims to create 6,000 metric tonnes per annum of integrated REPM capacity through five globally bid projects, supported by sales-linked incentives and…