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BUSINESS

RBI's swap facility fuels India’s forex reserves to defend rupee
BUSINESS

RBI's swap facility fuels India’s forex reserves to defend rupee

New Delhi, Sep 3 — The Reserve Bank of India’s special swap windows raised a cumulative $136.3 billion by end‑August exceeding market estimates by a wide margin, likely pushing foreign reserves past $750 billion and giving the central bank firepower to defend the rupee, a report said on…

WhatsApp launches bill payments in India via Bharat Connect network
BUSINESS

WhatsApp launches bill payments in India via Bharat Connect network

New Delhi, Sep 3 — Meta-backed messaging platform WhatsApp on Thursday announced the rollout of bill payments in India which allow users to find, manage and pay household and utility bills directly.The feature is being rolled out gradually and will be available to all Android and iOS users in the…

Rupee surges 67 paise to two-month high on robust FCNR-B inflows
BUSINESS

Rupee surges 67 paise to two-month high on robust FCNR-B inflows

Mumbai, Sep 3 — The Indian rupee surged 67 paise to a two-month high against the US dollar on Thursday and logged its biggest single-day gain since June after the Reserve Bank of India's foreign currency non-resident bank (FCNR-B) inflows significantly exceeded market expectations.The rupee opened…

Why Nvidia chief Jensen Huang is not ready to retire?
WORLD

Why Nvidia chief Jensen Huang is not ready to retire?

Chapel Hill (North Carolina), Sep 3 — Nvidia Chief Executive Jensen Huang says he does not need to keep working. He simply cannot bear the thought of missing what artificial intelligence (AI) could deliver over the next decade."I've been working a long time and Surely I don't have to work, but I…

RBI Governor meets US Fed, IMF leaders
WORLD

RBI Governor meets US Fed, IMF leaders

Asheville (North Carolina), Sep 3 — Reserve Bank of India Governor Sanjay Malhotra held separate meetings with US Federal Reserve Chairman Kevin Warsh and a senior International Monetary Fund official on the sidelines of a G20 gathering in North Carolina, the central bank said. Malhotra…

India doing 'very, very well' in AI: Karp
WORLD

India doing 'very, very well' in AI: Karp

Chapel Hill (North Carolina), Sep 3 — Palantir Chief Executive Alex Karp said that India could emerge as a major artificial intelligence (AI) power, citing its technical talent, energy initiatives and capacity to develop advanced AI models. "I could see it doing very, very well," Karp told IANS…

AI cuts three months of work to 17 minutes: Altman
WORLD

AI cuts three months of work to 17 minutes: Altman

Chapel Hill (North Carolina), Sep 2 — Artificial intelligence (AI) can now complete in minutes the work that start-ups were once expected to perform over three months, OpenAI Chief Executive Sam Altman has said, predicting an unprecedented surge in entrepreneurship and small-business creation. "The…

In North Carolina, India pushes global investment partnerships
WORLD

In North Carolina, India pushes global investment partnerships

Asheville (North Carolina), Sep 2 — India has moved to deepen economic partnerships with the European Union, the World Bank, the International Monetary Fund and several major economies, with Finance Minister Nirmala Sitharaman using the G20 meeting in Asheville to seek greater investment, stronger…

US Commerce Secy Lutnick urges AI-IP balance at G20
WORLD

US Commerce Secy Lutnick urges AI-IP balance at G20

Chapel Hill (North Carolina), Sep 2 — US Commerce Secretary Howard Lutnick has urged G20 nations to protect intellectual property (IP) while allowing artificial intelligence (AI) to flourish, warning that countries which fail to safeguard the rights of both domestic and foreign innovators could…