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Deputy Governor of RBI: Generative AI to add $359 bn-$438 bn to India's GDP by FY30
Forecasts indicate that generative AI could add between $359 billion and $438 billion to India’s GDP by 2029-30, said Michael Debabrata Patra (RBI)
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Retail inflation rises to 14-month high of 6.2% in October
Food inflation rose by double digits for the first time in fifteen months to 10.9 percent from 9.2 percent in the previous month, according to data released by the government on November 12.
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Report: Wedding season to generate Rs 4.25 tn in expenditure in Nov-Dec
Weddings during this period are expected to generate a staggering Rs 4.25 trillion in expenditure, according to another calculation made in Markets’ report.
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India finds Zomato, Swiggy food delivery businesses breached antitrust laws, documents show
An investigation by the CCI found food delivery giants Zomato and SoftBank-backed Swiggy breached competition laws, with their business practices favouring restaurant chains listed on their platforms, documents show.
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Rupee hits record low as US dollar surges on Trump's early lead in US election results
The rupee slid to 84.1725 against the US dollar, marking a 0.07% decline from its previous close of 84.1075. It was last seen trading at 84.17.
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Sebi allows MFs to invest in foreign funds with Indian securities exposure
Markets regulator Sebi on Monday allowed mutual funds (MFs) to invest in overseas mutual funds or unit trusts that invest a specific portion of their assets in Indian securities.
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Nvidia to replace Intel in Dow Jones Industrial Average
Nvidia will replace Intel in the Dow Jones Industrial Average next week, a swap that reflects their reversal of fortunes within the tech industry. Sherwin-Williams will replace Dow Inc. as well.
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