Why Elon Musk Criticized Anthropic After the AI Firm Raised $30 Billion in Funding

After the San-Francisco headquartered AI firm Anthropic raised $30 billion, Tesla CEO Elon Musk launched a scathing attack dubbing the firm as both ‘misanthropic’, and ‘evil’.The AI safety and research company recently raised “$30B in funding at a $380B post-money valuation.”Anth Read More

Green Shoots Finally? IT Stocks Infosys, TCS, Wipro And Others Recover From Day’s Lows After Massive Selloff

Indian IT stocks staged a partial recovery in Friday’s mid-session trade after a sharp early selloff dragged the sector to its lowest levels in nearly ten months, amid sustained concerns over US interest rates, slowing discretionary spending, and structural disruption from artifi Read More

Spectrum Off the Table as Corporate Asset: SC Bars Its Use in Insolvency Plans

The Supreme Court on Friday delivered a judgment asserting that telecom spectrum is a public resource and cannot be treated like other corporate assets in insolvency proceedings under the Insolvency and Bankruptcy Code. The ruling prohibits telecom companies undergoing bankruptcy Read More

HAL Share Price Surges Consecutively After Rs 2,312 Cr Deal With MoD

HAL Share Price: The share price of Hindustan Aeronautics Limited (HAL) surged 2.43% to hit an intra-day high of Rs 4,200 apiece on Friday’s trading session after positing Q3 results, and inking a Rs 2,312 crore contract with Ministry of Defence (MoD).The Ministry of Defence has Read More

U.S. Core Inflation May Fall To 5-year Low In Report Out Friday

A measure of inflation may have fallen to a five-year low in January as rental costs have cooled, a sign that some prices are moderating while Americans continue to grapple with a big rise in overall prices in the past five years.Inflation is forecast to have fallen to a 2.4% ann Read More

IT Stocks Drag Markets Lower as Nifty IT Slides to Fresh Lows on AI and Global Growth Fears

Indian equity markets remained under pressure on Friday, led by a sharp sell-off in IT stocks, as investors continued to pare exposure to the sector amid mounting concerns over artificial intelligence-led disruption, weak global technology cues, and an uncertain interest-rate out Read More

GCCs Drive a New Phase of Growth for India as Global Firms Scale High-Value Operations

India’s Global Capability Centres (GCCs) are emerging as one of the most powerful structural growth engines for the country. Multinational companies are expanding hiring, capital expenditure, and the complexity of work handled from India at a pace that is now outstripping traditi Read More

Is India Still Buying Russian Oil? Union Minister Hardeep Singh Puri Weighs In

After several reports claimed that India had slashed its Russian oil imports, Hardeep Singh Puri, Union Minister of MoPNG, in a cryptic reply to Arnab Goswami, Editor-in-Chief of Republic Media Network, said oil companies were now purchasing from 42 countries instead of 27 nation Read More

India Gains Access to 70% of Global GDP – What Does it Mean for World Trade Order?

In the backdrop of United States slashing tariffs on India to 18%, Union Commerce and Industry Minister, Piyush Goyal, noted that India now has access to 70% of the global GDP in most cases at zero-duty for Indian-origin products .”Huge markets have been opened up with all the tr Read More

India’s January Retail Inflation Recorded at 2.75% Under New CPI Base

India’s retail inflation, measured by the Consumer Price Index (CPI), stood at 2.75% year-on-year in January, marking the first official inflation reading under the revised 2024 base year series, the government said on Thursday.The latest reading is well below the Reserve Bank of Read More