Business

Amid escalating cyber threats, financial regulatory bodies across the globe are increasingly leveraging AI. They are developing proprietary AI solutions to strengthen the oversight of banking and digital assets, acknowledging the necessity of keeping up with swiftly evolving risks. Moreover, international platforms are encouraging joint efforts to secure access to credible AI technologies, while concerns

India’s foreign exchange reserves saw a significant rebound, climbing by $963 million to $672.587 billion in the week ending June 19. This recovery was primarily driven by a substantial surge in gold reserves, which more than compensated for a dip in foreign currency assets. The overall reserves reversed a sharp decline from the previous week,

India is set to boost Green Urea production with a new roadmap, aiming to procure 7.24 lakh metric tonnes of Green Ammonia annually under the National Green Hydrogen Mission. This initiative seeks to cut reliance on imported urea and decarbonize fertilizer manufacturing.

8th Pay Commission: The fitment factor remains the most significant component of the pay revision process, as it is used to calculate revised salaries and pensions by applying a multiplier to the existing basic pay and pension.

Indian refiners are unlikely to resume buying Iranian oil despite a temporary US waiver. Existing supply commitments, payment concerns, and the waiver’s short duration mean most refiners have already secured other crude sources. While opportunistic purchases at steep discounts are possible, a significant return to Iranian barrels is improbable for now, with China expected to

Global market jitters over Middle East tensions have eased following a US-Iran ceasefire, improving the outlook for Indian corporate profitability. Crisil Ratings now anticipates a smaller 100-basis-point decline in operating margins for fiscal 2027, down from a previous 200-basis-point estimate. While most sectors are expected to see minimal disruption, some like airlines and specialty chemicals

India’s tech sector is booming with AI, generating billions in revenue and moving projects from concept to reality. Industry leaders emphasize AI’s role in creating new opportunities, not replacing jobs, by demanding expertise in orchestration, data, and security. This shift is projected to unlock a massive market, with companies increasingly needing specialized partners to integrate

The latest statements by Bessent indicate that the Donald Trump administration is looking at alternative ways to impose tariffs on its trading partners since the US Supreme Court has ruled reciprocal tariffs as illegal.

Micron Technology’s market value soared, briefly surpassing Tesla and exceeding Meta, driven by a robust fourth-quarter forecast and significant AI sector exposure. Investors reacted positively to projected revenue and profit growth, alongside $22 billion in customer commitments for future chip supplies. This surge underscores the increasing demand for memory and storage solutions crucial for AI

The Strait of Hormuz is buzzing with activity as Qatar resumes crude oil exports to Asian refiners for the first time since the recent conflict. This resurgence in oil flows, alongside improved regional dynamics and ongoing US-Iran talks, signals a significant easing of tensions. Tanker movements are increasing, with significant volumes of Qatari crude now