BofA sees 100 bps repo rate increase through H1 2027 The Reserve Bank of India (RBI) could raise interest rates by 100 basis points through the first half of 2027, according to Bank of America (BofA) Securities. The brokerage has also moved up its estimate for the first rate hike, now expecting the hike in…
Small savings schemes are also providing the central government with an additional source of financing. Indians may be moving towards equity investments, but the good old small savings schemes continue to form an important part of their investment portfolio. Be it Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY) or Senior Citizens Savings Scheme (SCSS),…
Anthropic targets $2 trillion valuation despite huge spending and billions in losses Anthropic has put a massive price tag on the AI boom, backing it with an equally heavy spending plan.The AI giant is heading towards a potential valuation of more than $2 trillion even as it plans $518 billion in cloud computing and infrastructure…
The bias stays cautious, with yields and Fed policy still the dominant driver even as the pace of losses has slowed. Gold price prediction today: Gold prices are down from recent highs and a firmer dollar is adding to its woes. The bias for gold prices continues to stay cautious, says Vedika Narvekar, Research Analyst…
PMO official Shaktikanta Das NEW DELHI: Amid the global challenges, the Indian economy is demonstrating strength on the back of robust domestic demand, sustained industrial and services sector activity, and improving labour market conditions, principal secretary to PM Shaktikanta Das said Tuesday.”High-frequency indicators such as GST collections, electricity generation, rail freight movement, wholesale and retail…
Rupee continues to weaken against US dollar Rupee remained under pressure against the US dollar on Wednesday, slipping 3 paise to 95.97 in early trade. The fall came as demand for the greenback from state-run oil marketing companies and higher crude oil prices weighed the currency down.Rupee began the session at 95.87 at the interbank…
The Delhi High Court recently directed a son and his wife to vacate his parents’ house. (Image for representative purpose only) Your husband buys a property in your name. Does that give your son an automatic right to co-ownership by staying there? What if the son claims to have spent money on construction?In one such…
Dalal Street is set for a crucial session after the benchmark indices extended their losses in the previous sessions. The market outlook remains shaped by elevated crude oil prices, persistent foreign fund selling, currency movements and global rate expectations. Domestic equities have faced correction-led headwinds, with continued FII outflows and elevated US Treasury yields adding…
Meta Platforms has recruited MongoDB CEO Chirantan Desai to head its new enterprise initiative focused on AI tools. BENGALURU: Indian-origin technology executive Chirantan “CJ” Desai has been named head of Meta’s new enterprise platform, less than a year after taking over as CEO of database company MongoDB. As chief enterprise platform officer, he will report…
Mark Zuckerberg and Priscilla Chan Facebook founder Mark Zuckerberg and his wife Priscilla Chan have helped preserve a historic fishpond in Hawaii. The couple has committed $4 million to ensure the future of Alakoko Fishpond, a roughly 600-year-old aquaculture site on Kauaʻi that had been experiencing environmental degradation and pressure from potential development. That donation…
