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VMPL New Delhi [India], August 14: Ellenox, India's largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50% over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with na ...Read More >
Bangalore Gold Rate Today: Days after falling significantly, gold prices in Bangalore remained stagnant on Thursday, August 14. The price of gold in Bangalore has been declining over the past two to three days after surging sharply last week. The trend in Bangalore gold rate today aligned with that of gold prices today in India. The precious metal is currently at its all-time high levels. The gold-safe haven rally over the past few months has led to a nearly 25% surge in the price of the precio ...Read More >
Aug 14 (Reuters) - Gold extended gains to a third straight session on Thursday, supported by rising expectations of an interest rate cut by the U.S. Federal Reserve in September following tame inflation data, which also weighed on the dollar. Spot gold rose 0.4% to $3,367.53 per ounce as of 0156 GMT. U.S. gold futures for December delivery added 0.3% to $3,416.70. "Markets are pricing in the chance that the Fed cuts 50 basis points in September. So the dollar's weakening, gold's going up as a ...Read More >
Kinnaur: A cloudburst was reported in Himachal Pradesh's Kinnaur district on Wednesday evening. Due to the cloudburst, a sudden flash flood struck Hojis Lungpa Nala. Notably, the site was an active road construction zone under CPWD towards Gangthang Bralam. A rescue operation was launched to rescue the stranded civilians. The Indian Army was also called in to help the local administration. The Army has deployed its new generation equipment to assist in the operation. The Logistics Drone High Al ...Read More >
New York: India has been a 'bit recalcitrant' on trade negotiations with the US, Treasury Secretary Scott Bessent has said. "That's aspirational," Bessent said on Fox Business on Tuesday, responding to a question on wrapping up all the tariffs and trade deals by the end of October. "But I think we are in a good position. The big trade deals that aren't done or aren't agreed - Switzerland is still around, India has been a bit recalcitrant," he said, adding that US Trade Representative Jamieson G ...Read More >
Indian negotiators had not expected to conclude a meaningful deal in time to meet Mr. Trump's revised deadline of Aug. 1. But they did expect to be treated as well as their neighbors, and to keep haggling with American officials until October or November, when Mr. Trump was invited to visit India as part of the Quad defense group, which brings together four big democracies -- India, the United States, Japan and Australia -- with a shared interest in standing up to China. Instead, they were fed ...Read More >
NEW DELHI: The United States has openly expressed its disappointment with India, saying that India has failed to present itself as a responsible global power. US Treasury Secretary Scott Besant said India buys crude oil from Russia and refines it before selling it, which is contrary to the expectations of the international community. He said India has shown a failure to present itself as a responsible global power. India's behavior has made its trade relations with the United States uncertain. ...Read More >
New Delhi: Indian exporters have welcomed the US decision to postpone the tariff hikes on imports from July 9 to August 1, as this will allow more time for talks to sort out the trade issues. Director General of the Federation of Indian Export Organisations (FIEO) Ajay Sahai said that this deferment of the imposition of reciprocal tariffs reflects the US's willingness to engage constructively with its trading partners. "It provides an extended window for dialogue, which can help our negotiator ...Read More >
New Delhi, July 7 (SocialNews.XYZ) United States' Treasury Secretary Scott Bessent on Sunday said that Washington is close to reaching agreements on several trade deals as "a lot of proposals" have poured in from various countries at the last minute. His comments hint at several big trade deal announcements by the Donald Trump administration just ahead of the July 9 tariff pause deadline. "So my mailbox was full last night with a lot of new offers, a lot of new proposals...It's going to be a b ...Read More >
New Delhi: With just 48 hours left for 90-day pause on US reciprocal tariffs to end, the much-anticipated bilateral trade agreement (BTA) between India and the US has reached a critical stage. According to two officials in the Indian commerce ministry and one in Washington, the agreement is unlikely to be finalized without direct political intervention to resolve some of the remaining sticky issues. "It's down to the wire. Unless there's political direction, the deal may not go through in time ...Read More >
NEW DELHI: US President Donald Trump's country-specific tariffs are now scheduled to take effect from August 1, offering a temporary reprieve as trade talks intensified with several countries, including India. Earlier, the US tariffs were set to take effect from July 9. Commerce Secretary Howard Lutnick announced the tariff reprieve on Sunday (US time) while speaking to the media. He noted that President Trump was "setting the rates and the deals right now". Trump told reporters that "I think ...Read More >
CHENNAI: Indian markets have opened with cautious optimism on Thursday (July 3), spurred by trade negotiations with the US. The Sensex and Nifty are modestly up, also led by metal and IT stocks. Sensex jumped 203 points (0.24%) to 83,612, while the Nifty50 rose about 55 points (0.22%), trading around 25,509 in early deals. This follows yesterday's flat-to-cautiously optimistic trend. Market sentiment is buoyed by optimism over a potential US-India interim trade deal expected before the July 9 ...Read More >
Jammu (Jammu and Kashmir) [India], July 2 (ANI): Jammu and Kashmir Lieutenant Governor Manoj Sinha participated in a special aarti at the Jammu Tawi riverfront. Sinha also visited the Amarnath Yatri Niwas base camp on Tuesday evening. After inspecting the Yatri Niwas base camp, Sinha stated that the security arrangements for the Yatra are more robust than ever before. 'I have witnessed the last four Yatras. The arrangements are better than ever, as far as the security and convenience of pilgr ...Read More >
"Right now, India doesn't accept anybody in. I think India is going to do that, if they do that, we're going to have a deal for less, much less tariffs," he said. Earlier, Treasury Secretary Scott Bessent told Fox News that the U.S. and India are nearing a deal that would lower tariffs on American imports to the South Asian country and help India avoid levies from rising sharply next week. "We are very close with India," Bessent told Fox News in response to a question about progress on trade n ...Read More >
New Delhi: A 57-year-old retired telecom employee from Kishan Ganj, north Delhi, lost Rs 14 lakh in a "digital arrest" scam after cyber fraudsters, posing as Mumbai Police, threatened him with arrest over alleged bank fraud. Two suspects, Banshi Lal and Prem Kumar, both 20-year-old graduates from Barmer, Rajasthan, have been arrested.According to police, the case came to light when the victim filed a complaint via the National Cybercrime Reporting Portal (NCRP), stating he received a video call ...Read More >
The U.S. and India are nearing a deal to lower tariffs on American imports to the South Asian country and to help India avoid levies imposed by the Trump administration rising sharply next week, Treasury Secretary Scott Bessent said on Tuesday, APA reports citing Reuters. "We are very close with India," Bessent told Fox News in response to a question about progress on trade negotiations. 'Congratulations world, it's time for peace' - Trump US issues fresh Iran-related sanctions, Treasury websi ...Read More >
The U.S. and India are nearing a deal to lower tariffs on American imports to the South Asian country and to help India avoid levies imposed by the Trump administration rising sharply next week, Treasury Secretary Scott Bessent said on Tuesday. "We are very close with India," Bessent told Fox News in response to a question about progress on trade negotiations. Indian officials extended a visit to Washington last week through Monday to try to reach agreement on a trade deal with President Donal ...Read More >
New Delhi: US President Donald Trump to sign an executive order to ease sanctions on Syria. The move is broadly considered as significant shift in American foreign policy toward the war-torn nation. The executive order, expected to be signed on Monday, June 30. Trump had earlier announced that the US would lift sanctions to support Syria's post-war recovery. The move comes after the collapse of the Assad regime and the rise of a transitional government led by Ahmed al-Sharaa, a former rebel co ...Read More >
New Delhi: Gold prices on Monday slipped, touching their lowest level since May 29 as improving trade relations between the U.S and China reduced for safe-haven assets. With investors turning to riskier options, spot gold dipped 0.3 per cent to 3,264.64 dollars per ounce while U.S. gold futures were down 0.4% at 3,275.30 dollars. Asian stock markets opened higher on Monday boosted by improving global investor sentiment. The upbeat mood followed comments from U.S. Treasury Secretary Scott Bessen ...Read More >
Thane, Jun 29 (PTI) Police have arrested a 30-year-old fruit seller for illegally possessing two country-made pistols in Maharashtra's Thane district, an official said on Sunday. Acting on a tip-off, the police's anti-extortion cell raided the man's premises at Bandarpada locality in Kalyan area on June 25, assistant police inspector Sunil Tarmale said. The police seized two country-made pistols and a live cartridge, valued at Rs 1.05 lakh, from the fruit seller, who had two previous criminal ...Read More >
New Delhi [India], June 29 (ANI): US-parented companies will be exempted from certain elements of an existing global tax agreement according to a statement released by the Group of Seven countires which detailed the new proposal signed by the United States and its G7 partners. The agreement will see US companies benefit from a "side-by-side" solution under which they will only be taxed at home, on both domestic and foreign profits, the G-7 said, in a statement released by Canada, which holds th ...Read More >
India's corporate earnings should pick up in the next two quarters, veteran investor and Managing Director of MK Ventures Madhu Kela said on November 28, adding that he sees the market setup as 'constructive' after signs of 'euphoric moments' in some spaces and companies. In conversation with CNBC-TV18, Madhu Kela said government's capex expenditure was slow due to recent elections as well as the monsoon factor, both of which are out of the way now. The Centre too indicated recently that the ca ...Read More >
Investing.com-- Bitcoin fell for a third straight session on Wednesday as traders continued to lock-in profits from a recent rally, while anticipation of more cues on U.S. policy also spurred caution. The world's largest cryptocurrency has been on an extended downturn since late last week as investors locked-in profits from a run-up to record highs. Traders were also somewhat disappointed as the crypto failed to clear the coveted $100,000 level. Risk appetite was further dented by U.S. Preside ...Read More >
The recent two-month rally seen in AUD/JPY has flashed out bearish technical elements. The financial market has managed to breathe a "sign of relief" on Monday, 25 November after the incoming Trump administration announced Scott Bessent as the US Treasury Secretary nominee last Friday. Bessent, a Wall Street veteran is being viewed as a more pragmatic person who may favor pro-growth policies (an advocate of Trump's corporate tax cuts and deregulation policies) over anti-growth initiatives such ...Read More >
Republican President-elect Donald Trump's picks for his Cabinet include some historic firsts, though women and people of color make up less of the overall number than they did when Democratic President Joe Biden first took office. Historic firsts Florida political operative Susie Wiles, who ran Trump's 2024 campaign, is set to be the first woman to hold the high-profile position of White House chief of staff. U.S. Senator Marco Rubio, Trump's pick for secretary of state, would be the first pe ...Read More >
SYDNEY (Reuters) - The dollar was looking to extend its bull run on Monday as lofty Treasury yields and a more restrained outlook for U.S. rate cuts burnished its attractiveness, though the risk of intervention had caused a pullback against the yen. Yen bears were tense in case Bank of Japan Governor Kazuo Ueda used a speech later Monday to flag a possible rate hike in December, in part due to the weakness of the currency. Ueda will deliver a speech at 0100 GMT, followed by a media confere ...Read More >
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