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India considers rule changes to bolster $731 billion insurance sector

Insurance penetration remains abysmally low at less than 5% in the country of 1.4 billion people, signaling growth potential for investors

India considers rule changes to bolster $731 billion insurance sector
Updated On : 15 Jun 2023 | 11:36 AM IST

Workers resisting office grind suddenly finding themselves lonely at home

Few companies are insisting on a full-time return to the office, with most preferring hybrid models that allow some flexibility

Workers resisting office grind suddenly finding themselves lonely at home
Updated On : 15 Jun 2023 | 10:44 AM IST

Biggest fund manager in India expects rupee to end its five-year slide

The currency will probably strengthen to 80 per dollar by the end of the year, according to Namrata Mittal, chief economist at SBI Mutual Fund

Biggest fund manager in India expects rupee to end its five-year slide
Updated On : 15 Jun 2023 | 9:44 AM IST

India needs better defences to be a digital superpower after data breach

I suspect the government is right and CoWIN is not currently being accessed by hackers. Even so, it seems likely that outsiders have penetrated some aspect of India's digital public infrastructure

India needs better defences to be a digital superpower after data breach
Updated On : 15 Jun 2023 | 8:17 AM IST

Indian among contenders for Dubai's most expensive house for sale

Two people have viewed the home in past three weeks. One is an Indian client who already owns three properties in Emirates Hills; his wife is on the fence, leaning toward something more contemporary

Indian among contenders for Dubai's most expensive house for sale
Updated On : 14 Jun 2023 | 11:14 PM IST

Federal Reserve to pause, keep option to raise interest rates in July

The rate decision and committee forecasts will be released at 2 pm in Washington. Chair Jerome Powell will hold a press conference 30 minutes later

Federal Reserve to pause, keep option to raise interest rates in July
Updated On : 14 Jun 2023 | 10:09 PM IST

Watch & eat: Netflix's next move is to bring food from screen to table

Fans of Netflix 's culinary shows will soon be able to taste some of their favorite on-screen dishes when the streaming service opens its first pop-up restaurant in Los Angeles later this month

Watch & eat: Netflix's next move is to bring food from screen to table
Updated On : 14 Jun 2023 | 10:07 PM IST

European Parliament passes AI Act, challenging tech giants' power

Lawmakers also passed additional measures for general purpose AI and foundational models like GPT-4

European Parliament passes AI Act, challenging tech giants' power
Updated On : 14 Jun 2023 | 9:59 PM IST

Goldman Sachs sees India holding its own even if China stocks rebound

India has been seen as one of the key beneficiaries as global sentiment toward Chinese equities soured due to a slower-than-expected recovery

Goldman Sachs sees India holding its own even if China stocks rebound
Updated On : 14 Jun 2023 | 11:47 AM IST

Knowledge workers biggest losers of generative AI boom, says McKinsey

Generative AI will give humans a new "superpower", and the economy a much-needed productivity injection, said McKinsey report

Knowledge workers biggest losers of generative AI boom, says McKinsey
Updated On : 14 Jun 2023 | 11:28 AM IST

India's frequent internet shutdowns hurt its most impoverished, says report

Officials often resort to such closures to stem protests, check communal violence, maintain law and order and even to prevent cheating in school and university exams

India's frequent internet shutdowns hurt its most impoverished, says report
Updated On : 14 Jun 2023 | 8:36 AM IST

Putin admits Russia's shortcomings as Ukraine presses counteroffensive

In the past, Moscow has frequently been accused of exaggerating its battlefield successes, and western officials were quick to portray the Ukrainian push as far more successful

Putin admits Russia's shortcomings as Ukraine presses counteroffensive
Updated On : 14 Jun 2023 | 8:07 AM IST

Demand for custom AI chatbots leads to hiring push at Happiest Minds Tech

The firm, which gets its revenue from helping companies digitize their services, is building tools that run on top of ChatGPT, customized to its clients' needs, he said

Demand for custom AI chatbots leads to hiring push at Happiest Minds Tech
Updated On : 14 Jun 2023 | 7:57 AM IST

Goldman Sachs' biggest office beyond New York attests to India's rise

India has roughly 1,600 of the centers, more than 40% of the number worldwide, according to Nasscom

Goldman Sachs' biggest office beyond New York attests to India's rise
Updated On : 14 Jun 2023 | 7:12 AM IST

China shifts to stimulus mode to help boost its faltering economy

China's central bank on Tuesday unexpectedly cut its key short-term interest rate

China shifts to stimulus mode to help boost its faltering economy
Updated On : 13 Jun 2023 | 11:49 PM IST

Valneva's experimental vaccine for Chikungunya shows immune response

The stock rose as much as 3.4 per cent in Paris trading

Valneva's experimental vaccine for Chikungunya shows immune response
Updated On : 13 Jun 2023 | 11:40 PM IST

Adani Group in talks for first major debt refinancing after Hindenburg

Adani is expecting to conclude the process within three to four months and most of the existing lenders are expected to participate, said sources

Adani Group in talks for first major debt refinancing after Hindenburg
Updated On : 13 Jun 2023 | 4:46 PM IST

India set for $168 bn behemoth as HDFC merger to be completed by 20 July

Announcement of the so called 'record date' - or the cut-off day set for investors - for the swapping of shares of Housing Development Finance Corp. for HDFC Bank Ltd

India set for $168 bn behemoth as HDFC merger to be completed by 20 July
Updated On : 13 Jun 2023 | 4:01 PM IST

TSMC regains $500 billion mkt cap as investors clamor for AI, chips

Asia's most valuable company gained more than 3% Tuesday, fueled also by hopes that a post-Covid chip downturn is nearing an end

TSMC regains $500 billion mkt cap as investors clamor for AI, chips
Updated On : 13 Jun 2023 | 3:50 PM IST

Heat scorches Europe as southern Spain temp to reach 45 deg C this month

The mercury in Seville, in southern Spain, is forecast to peak near 45C (113F) later this month, data compiled by Bloomberg show

Heat scorches Europe as southern Spain temp to reach 45 deg C this month
Updated On : 13 Jun 2023 | 2:51 PM IST