Business

[ad_1] President Donald Trump on Friday (local time) claimed that the United States is “very close to making a deal with India,” adding that a representative from Pakistan is expected to visit Washington for talks next week.“Pakistan representatives are coming in next week. We’re very close to making a deal with India,” Trump told reporters…

[ad_1] NEW DELHI: India is broadening its efforts to develop AI foundation models. After Sarvam AI, the government on Friday selected three more teams – Soket AI, Gan AI, and Gnani AI – for building indigenous AI models. IT and electronics minister Ashwini Vaishnaw said the country has 367 data sets loaded on AI Kosh….

[ad_1] NEW DELHI: Vodafone Idea on Friday reported a loss of Rs 7,166 crore for the fourth quarter of the last fiscal, against Rs 7,675 crore in the same period of 2023-24. The company’s board also approved raising of Rs 20,000 crore to fund expansion.The company, reeling under a debt pile of over Rs 2…

[ad_1] Finance minister Nirmala Sitharaman NEW DELHI: Finance minister Nirmala Sitharaman on Friday said India is sustaining its GDP growth momentum as the fastest-growing economy for the fourth year in a row, aided by manufacturing, services, and farm sectors.“India is sustaining growth and it is the fastest-growing economy now for the fourth year continuously, thanks…

[ad_1] MUMBAI: Sebi on Friday banned 59 entities, including actor Arshad Warsi, his wife Maria Goretti, from the market for up to 5 years. The move is related to misleading videos on YouTube channels – like Moneywise, The Advisor and Profit Yatra – luring investors to buy TV channel Sadhna Broadcast’s shares. The markets regulator…

[ad_1] NEW DELHI: In a relief to Vedanta, the appellate tribunal NCLAT has stayed the National Company Law Tribunal orders against the demerger of the multinational mining company into separate entities and subsequent listing.The Mumbai bench of NCLT had on March 4 rejected the first motion petition moved for the composite scheme of arrangement between…

[ad_1] MUMBAI: RBI is looking to introduce interest rate rules for non-banking finance companies similar to those that govern banks. The goal is to improve how changes in monetary policy pass through to borrowers and to make loan pricing more transparent.As of now, when RBI changes its benchmark repo rate, banks pass on the changes…

[ad_1] The ministry of Finance on Friday announced that Central government employees who retired under the National Pension Scheme (NPS) on or before March 31, 2025, and have completed at least 10 years of qualifying service — or their legally wedded spouses — will be eligible for additional benefits under the Unified Pension Scheme (UPS).These…

[ad_1] The US Federal Reserve’s preferred inflation gauge eased more than expected in April, offering a temporary reprieve from price pressures even as new tariffs introduced by President Donald Trump began to take effect.According to data released Friday by the Commerce Department, the personal consumption expenditures (PCE) price index rose 2.1% year-over-year, down from a…

[ad_1] The Employees’ Provident Fund Organisation (EPFO) is set to revolutionize the way millions of employees access their provident fund (PF) savings. Starting June 2025, EPF members will be able to instantly withdraw PF funds via Unified Payments Interface (UPI) and ATMs, according to DD News.This major step is being implemented with the support of…