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Meta unveils Muse Spark, first AI model from superintelligence team

Superintelligence refers to AI machines that could outthink humans. Muse Spark is the first in a new series of models, known internally as Avocado, from that team

US Q4 GDP growth revised down to 0.5% as economy slows more than expected

Last year's shutdown of the government was the key driver of the slowdown from the third quarter's 4.4 per cent growth pace

RBI speeds up cross-border inflows with faster customer credits

Banks need to put in place a straight-through process for crediting the inward payments to individual accounts

US jobless claims rise slightly, labour market remains resilient

The labor market has been stuck in what economists call a "low-hire, low-fire" state which they blamed on uncertainty stemming from Trump's import tariffs and mass deportations

Rupee falls 0.1% as West Asia truce pushes oil higher, dents stocks, bonds

Rupee slips to 92.65 per dollar as oil prices jump on Middle East tensions, dragging equities and bonds while foreign outflows and weak sentiment add pressure

Banks exit bulk of India rupee arbitrage positions ahead of RBI deadline

The measures were aimed specifically at curbing arbitrage trades between the onshore market and the non-deliverable forward (NDF) market, per bankers

India's new steel policy targets 25% emissions cut, 400 MT output by 2035

The new emissions reduction target has not been previously reported

Israeli military says it has killed nephew of Hezbollah chief Naim Qassem

Israel struck Beirut's southern suburbs just before midnight and at dawn, and hit towns across the south on Thursday morning, Lebanese state media said

Domestic fuel retailers buy discounted diesel to avoid price hikes

The new ​pricing formula is based ‌on ​India's ‌crude import price

India's projected 6.6% growth in FY27 skewed to downside: World Bank

Retail inflation is projected at ​4.9% for the current fiscal year ‌reflecting higher food and ​energy prices ‌and exchange depreciation pressure

BofA sees opportunity in battered bank stocks, flags IT underperformance

Nifty Bank index has fallen 8 per cent since the start of the Iran war at the end of February, underperforming the benchmark Nifty 50, which is down 4.7 per cent over the same period

'US forces to remain around Iran': Trump warns of action if deal violated

'All US ships, aircraft and military personnel, with ammunition and weaponry, will remain in place in and around Iran until such time as the real agreement reached is fully complied with,' Trump wrote

Asian stocks muted as oil prices climb on shaky US-Iran ceasefire

Chinese blue chips slipped 0.6 per cent, while MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.7 per cent

Oil price rises on lingering Hormuz disruption, shaky US-Iran ceasefire

Both benchmark prices fell below $100 per barrel in the previous trading session, with WTI recording its biggest decline since April 2020 on expectations the ceasefire ending the fight

Peace talks 'unreasonable' after Israeli strikes despite ceasefire: Iran

Iranian parliament speaker accused Israel of violating ceasefire conditions through continued strikes on Lebanon and said the US had breached terms by insisting Iran abandon its nuclear programme

India set to receive first Iranian oil cargo in 7 years: Report

State-run Indian Oil Corp purchased the cargo, currently on the Curacao-flagged very large crude carrier Jaya, which is heading to India's east coast and is set to arrive later this week

Wall Street jumps to near one-month highs, Dow up 2.8% on US-Iran ceasefire

The announcement came hours before US President Donald Trump's deadline for Iran to reopen the Strait of Hormuz, the waterway that carries about one-fifth of global oil trade

Iran refinery on Lavan Island hit in attack hours after ceasefire announced

Iranian state television says oil refinery on Iran's Lavan Island came under attack hours after ceasefire announced

Rupee extends rally, forward premiums slump as oil dives on ceasefire

The one-year implied rate on the dollar/rupee forward fell 22 basis points to 3.08 per cent

India's forex reserves sufficient, not a matter of concern: RBI governor

Forex reserves ‌rose to $697.1 billion as of April 3, per the latest data, from $688.06 billion in the previous week