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Only 12% firms using AI at a level that gives competitive edge: Accenture
63% global firms are AI experimenters, barely scratching the surface of its potential with AI maturity score of 29; Many others with higher scores are still leaving the full value of AI untapped
 "Only 12% firms using AI at a level that gives competitive edge: Accenture")
State govt borrowing turns expensive after RBI's repo rate hike
Much less raised than the indicated Rs 16,800 crore
 "State govt borrowing turns expensive after RBI's repo rate hike")
Lots of interest in Metropolis, but we want a strategic fit: MD Ameera Shah
In a Q&A, the promoter and MD of the company talks about how the dynamics are changing in the diagnostics sector post Covid, and outlines her strategy for Metropolis 3.0
 "Lots of interest in Metropolis, but we want a strategic fit: MD Ameera Shah")
Wall Street slips heading into Fed's big rate decision; FedEx, Oracle rise
FedEx jumps after lifting quarterly dividend by more than 50%; Oracle rises as sales, profit top estimates on cloud boom; Continental Resources jumps on buyout proposal from founder
 "Wall Street slips heading into Fed's big rate decision; FedEx, Oracle rise")
SBI and IDBI Bank join trend, raise their interest rates on deposits
Interest rates on retail term deposits (below Rs 2 crore) of 211 days to less than one-year tenor have been increased by 20 bps to 4.6 per cent. It was 4.4 per cent earlier
 "SBI and IDBI Bank join trend, raise their interest rates on deposits")
IND vs SA 3rd T20I Highlights: India register huge 48 run win, stays alive
IND vs SA 3rd T20I Highlights: Thanks to their all-round showing with both bat and ball, India outclassed the South Africans by 48 runs to stay alive in the five-match series. SA lead the series 2-1
 "IND vs SA 3rd T20I Highlights: India register huge 48 run win, stays alive")
Taxing times for solar power as govt frowns at imports, pushes local
A new tax on solar equipment imports plus mandatory purchase of local modules will raise costs significantly and dim the outlook for meeting green energy targets
 "Taxing times for solar power as govt frowns at imports, pushes local")
Fitch sees another 100 bps policy rate hike by Dec, cites rising inflation
Growth will improve in June quarter as consumption revives and Covid-19 cases continue falling, it says
 "Fitch sees another 100 bps policy rate hike by Dec, cites rising inflation")
WPI inflation in May accelerates to 15.88% on higher food prices
The latest figure also makes it historically the highest in 31 years since September 1991 (16.31 per cent)
 "WPI inflation in May accelerates to 15.88% on higher food prices")
Srei's Hemant Kanoria to challenge report alleging fraud at group firm
Transaction auditor's methodology 'opaque' and legal fight over it could derail resolution process, say sources close to Kanoria.
 "Srei's Hemant Kanoria to challenge report alleging fraud at group firm")
WHO set to decide next week if monkeypox represents health emergency
There have been 1,600 confirmed and 1,500 suspected cases of monkeypox this year and 72 deaths, WHO said, in 39 countries
 "WHO set to decide next week if monkeypox represents health emergency")
'Agnipath' scheme: Govt unveils radical changes in recruitment of soldiers
In their first year, 'Agniveers' will be paid a customised package of Rs 30,000 per month, rising incrementally each year to Rs 40,000 in the fourth year
 "'Agnipath' scheme: Govt unveils radical changes in recruitment of soldiers")
BlackBuck bounces back from Covid, reimagines its trucking business model
The Tiger Global and Sequoia-backed unicorn plans to deepen its reach from 100,000 villages currently to over 300,000 villages, and scale its existing businesses 3x by 2023
 "BlackBuck bounces back from Covid, reimagines its trucking business model")
IPL media rights sold for Rs 48,390 cr for five years, announces Jay Shah
Shah confirmed that Viacom18 bagged digital rights with its winning bid of Rs 23,758 crore while Star India wins India TV rights with the winning bid of Rs 23,575 crore
 "IPL media rights sold for Rs 48,390 cr for five years, announces Jay Shah")
Bitcoin stems heavy losses but pessimism reigns in crypto markets
Bitcoin clawed its way to positive territory after falling as much as 7.3% to $20,816, its lowest since Dec 2020
 "Bitcoin stems heavy losses but pessimism reigns in crypto markets")
Blockchain infra automation platform Zeeve raises $2.65 mn in seed round
Funding led by Leo Capital and Blu Ventures, proceeds to be used to bolster product development, augment tech team and enhance reach among DApp developers and global corporations
 "Blockchain infra automation platform Zeeve raises $2.65 mn in seed round")
SBI joins industry trend, hikes interest rates on retail and bulk deposits
Interest rates on retail term deposits (below Rs 2 crore) of 211 days to less than one-year tenor have been increased by 20 bps to 4.6 per cent. It was 4.4 per cent earlier
SBI joins industry trend, hikes interest rates on retail and bulk deposits
The hike in deposit rates follows the rate action by Reserve Bank of India's (RBI) Monetary Policy Committee in the June monetary policy
 "SBI joins industry trend, hikes interest rates on retail and bulk deposits")
CCI approves proposed acquisition of AirAsia India by Air India
The two combined entities will have a 15.7% share of India's domestic passenger market
 "CCI approves proposed acquisition of AirAsia India by Air India")
Top headlines: AI allowed to acquire AirAsia India; WPI inflation at 15.88%
Delhi's single-day Covid-19 infections breached the one thousand mark on Tuesday, with a positivity rate of 6.50 per cent and two fatalities, according to data shared by the health department here.