A bold gamble on high-bandwidth memory (HBM) chips has propelled SK Hynix to the forefront of the AI revolution, briefly making it South Korea’s most valuable company. This strategic pivot, once met with skepticism, proved crucial as demand for AI servers surged, allowing SK Hynix to outpace rivals like Samsung Electronics and reshape the global
The government has launched a new risk-based approach to simplify quality control compliance for industries. This allows eligible manufacturers to use a streamlined certification process, easing concerns over Bureau of Indian Standards (BIS) certification hurdles. The move aims to boost domestic manufacturing, encourage innovation, and strengthen supply chains while ensuring product quality and consumer safety.
The Indian rupee saw a modest gain of 10 paise, closing at 94.45 against the US dollar on Thursday. This appreciation was fueled by falling global crude oil prices and a stronger domestic stock market. However, foreign fund outflows prevented a more significant rise. The currency is expected to trade within a narrow range, influenced
Large US technology companies have collectively committed billions of dollars to India, highlighting the country’s growing importance as a key destination for cloud computing, artificial intelligence and deep-tech investments.
Indian markets saw a mixed trading session on Thursday, with AI chipmakers like Micron Technology leading gains, while Apple faced pressure due to product price hikes. Easing Treasury yields and moderating oil prices offered some support. Asian markets largely advanced, with South Korea’s Kospi and Japan’s Nikkei 225 showing significant rallies, driven by the AI
US inflation surged past 4% in May, primarily due to escalating energy costs linked to Middle East tensions. Despite rising living expenses, consumer spending showed resilience, buoyed by tax refunds and stock market gains. While economists anticipate persistent inflationary pressures, the Federal Reserve is considering interest rate hikes later this year to combat the trend.
Middle Eastern fuel oil exports are poised for a significant rebound in June, reaching a four-month peak. This surge is attributed to Iraq and Saudi Arabia rerouting supplies via alternative ports, coupled with a gradual resumption of shipments through the Strait of Hormuz following a US-Iran interim peace agreement.
Stock market investors, mark your calendars! The market will be closed on Friday, June 26, for Muharram. Trading operates on weekdays, excluding weekends and official holidays. Remember the pre-open session from 9:00 am to 9:08 am, followed by the regular trading window from 9:15 am to 3:30 pm. Plan your trades wisely around these timings
EPFO 3.0 aims to deliver quicker automated claim settlements, instant withdrawals, multilingual self-service facilities and seamless payroll-integrated contributions.
A massive crypto heist, initially linked to North Korea, has unraveled a complex financial web connecting to Iran’s central bank. Investigators discovered stolen funds moving through wallets associated with Iran’s central bank before reaching CoinEx, a key exchange facilitating Iranian crypto users. This revelation underscores the growing role of digital assets in Iran and the
