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Nvidia's H20 chip orders jump as Chinese firms adopt DeepSeek's AI models

Surge in orders underlines Nvidia's dominance of the market and could help alleviate concerns that DeepSeek might cause a slide in AI chip demand

Drug compounders sue FDA over removal of Wegovy, Ozempic from shortage list

The lawsuit claims the FDA's finding that there was no longer a shortage of the drugs' active ingredient semaglutide was arbitrary and capricious

Sebi proposes fresh steps to tighten derivative market rules to reduce risk

In a consultation paper released late on Monday, SEBI proposed that the market-wide position limit for single-stock derivatives should be linked to the cash markets

Russia open to Europe's involvement in peace talks on Ukraine: Putin

Vladimir Putin also said US President Donald Trump was approaching the Russia-Ukraine conflict rationally and not emotionally

Elon Musk renews firing threat after being obstructed by federal officials

The US agency that oversees federal employees said on Monday they could ignore a weekend email from Musk that required them to summarize their work or face losing their jobs

Crypto trading booms in India's interiors as job growth, incomes disappoint

Many young Indians are dabbling in crypto trading to supplement their regular income in the world's most populous country where jobs and pay increases have lagged world-beating economic growth

Feb gold imports likely to tumble 85% at 20-year low on record high prices

India's gold imports in February are likely to fall to around 15 metric tonnes, the lowest for the month in at least two decades, from 103 tonnes in February, 2024

India annual palm oil imports likely to fall behind soft oils for 1st time

Palm oil accounted for 56 per cent of India's total edible oil imports in the last marketing year, but in the first three months of the current year its share fell to 43 per cent

Trump's aid freeze disrupts anti-narcotics programme at Mexican ports

The initiative provided Mexico's Navy with training and equipment to improve screening of cargo entering and exiting the Port of Manzanillo, the nation's busiest container port

India short bond yields dip as RBI's liquidity infusion plan aids sentiment

The Reserve Bank of India cut the repo rate for the first time in nearly five years at this meeting, and the commentary in the minutes has opened up space for another rate action in April

Nvidia's chip demand faces scrutiny as DeepSeek stirs doubts on AI spending

Claims that DeepSeek's AI models rival its Western counterparts at a fraction of the cost has led some investors to ask if Nvidia's cutting-edge chips are essential for gaining an edge in AI race

Xi affirms 'no limits' partnership with Putin on Ukraine war anniversary

Xi has told Putin in recent years that the two have the chance to drive "changes the world has not seen in a century", which many analysts see as an attempt to challenge a US-led global order

Naming Das as PM's principal secy shows govt's economic focus, say experts

Das' economic experience will help India at a time when the government and central bank are working in tandem to aid the economy's recovery while trying to manage geopolitical challenges

India's GDP growth likely rebounded to 6.3% in Q3 on govt spending: Survey

Curb in infra spending due to elections dragged growth down to 5.4 per cent in July-September, well below the 8.2 per cent average last fiscal year

Oil prices steady as traders await progress on push for Ukraine peace deal

Brent futures were up 13 cents, or 0.2 per cent, at $74.56 barrel by 1103 GMT while US West Texas Intermediate crude futures added 11 cents, or 0.2 per cent, to $70.51

Nestle India considering price hikes to counter commodity inflation

Profits at Corporate India came under pressure in the October-December quarter due to the double whammy of consumers cutting back due to inflation in large cities and high prices of commodities

India's IT sector must revamp biz, create own language models: HCLTech CEO

The generative AI boom has threatened to disrupt business models for Indian IT companies that largely serve clients in the United States for operations support, providing software as a service

Manufacturing slump prompted Feb rate cut, says RBI MPC member Kumar

He said there was a concern about the weaknesses of the manufacturing sector, which is important for job creation, due to subdued urban consumption and slow growth of private investments

IIFL Finance likely to see a drop in annual earnings, says Fitch Ratings

Earlier this month, IIFL Finance reported an 8 per cent fall in loan assets under management to Rs 71,410 crore ($8.24 billion) for the first nine months of the fiscal year that ends in March

After three years of war, Trump may give Russian economy a lifeline

US President Donald Trump is pushing for a quick deal to end the war in Ukraine, alarming Washington's European allies by leaving them and Ukraine out of initial talks with Russia