The Chief Financial Officers (CFOs) said the decision is set to push consumption across sectors, which in turn boosts demand that gives confidence to faster decision making in deploying funds for capital expenditure. CFOs also stated that the rate cut…
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At the RBI’s 55th Monetary Policy Committee (MPC) meeting, Governor Sanjay Malhotra stated that India’s external sector remains resilient despite a wider trade deficit in April, supported by strong services inflows and robust forex reserves. He also noted a 14%…
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RBI Governor Sanjay Malhotra surprised markets with a larger-than-expected repo rate cut and a reduction in the cash reserve ratio (CRR). This move, defying economists’ predictions, aims to bolster economic growth amidst global uncertainties like trade tariffs and inflation. Malhotra…
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Amazon is conducting another round of layoffs, this time impacting the Books division, including Goodreads and Kindle, affecting less than 100 employees. This move aligns with Amazon’s strategy to streamline operations and improve efficiency, following recent cuts in other divisions.…
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According to ChatGPT maker OpenAI’s chief strategy officer, Jason Kwon, the government of India realises that to get the best returns from AI, large investments are needed to set up core infrastructure and develop advanced AI technologies.
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Netgear has acquired Bengaluru-based cybersecurity startup Exium to enhance integrated services for managed service providers. This follows its recent acquisition of Chennai-based VAAG Systems. The networking solutions company plans to hire over 100 engineers and expand in India, while also…
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