[ad_1] DeepSeek, a new AI company seen as a potential rival to OpenAI, has gained massive success across social media, sending global stock markets into a frenzy. However, a recent report by Bernstein cautioned that while the company’s achievements are impressive, the claims of building an AI system comparable to OpenAI for just $5 million…
[ad_1] The Indian banking sector is undergoing pressure, weighted by slowed growth in loans amid high interest rates, according to a report by S&P Global Market Intelligence.The report estimated that loan growth across six of India’s largest banks, including private and state-owned, will plunge to 12.3 per cent in the fiscal year ending 31 March…
[ad_1] Most industry leaders believe that for the financial year 2025-2026, India’s economic growth would surge by 6-6.9 per cent, a recent pre-budget survey by global agency Grant Thornton revealed.Almost 22 per cent of the respondents expressed more optimism, forecasting growth rates in the range of 7-7.9 per cent. The survey highlighted the role of…
[ad_1] Indian Railways’ revenue primarily comes from passenger fares, freight charges, and other non-fare sources. By Shailesh Agarwal, Partner – Risk consulting, EY IndiaRailway Budget 2025 expectations: Indian Railways, a state-owned enterprise under the Ministry of Railways, operates the fourth largest national railway system globally, with 132,310 km of tracks. It employs over 1.2 million…
[ad_1] MUMBAI: RBI on Monday announced measures to inject over Rs 1.5 lakh crore into money markets, marking the largest monetary easing since the pandemic. These steps aim to address the liquidity shortfall caused by the central bank’s intervention in selling dollars to stabilise the rupee.RBI is estimated to have sold over $50 billion from…
[ad_1] NEW YORK: US chip-maker Nvidia led a rout in tech stocks Monday after the emergence of a low-cost Chinese generative AI model that could threaten American dominance in the fast-growing industry.The chatbot developed by DeepSeek, a startup based in the eastern Chinese city of Hangzhou, has apparently shown the ability to match the capacity…
[ad_1] BENGALURU: DeepSeek‘s dramatic impact on tech stocks worldwide on Monday was likely also the result of the huge interest it has generated among consumers. The Chinese artificial intelligence app has soared to the No. 1 spot in Apple’s App Store productivity category across major markets, overtaking ChatGPT. Among DeepSeek’s rivals building large language models…
[ad_1] MUMBAI: Global markets went into a fresh turmoil on Monday after a Chinese AI startup DeepSeek released its low-cost AI model that prompted tech analysts to question if the current high valuations for giants like Nvidia, Google and Microsoft were justified. As a result, in early trades on Wall Street on Monday, Nvidia lost…
[ad_1] NEW DELHI: The finance ministry on Monday launched the search for a Sebi chairman, with Madhabi Puri Buch‘s term completing at Feb-end. The vacancy notice said that those with 25-years’ experience in law, finance, economics, accountancy and administration and are above 50 years are eligible to apply. “The chairman should be a person who…
[ad_1] MUMBAI: RBI has taken decisive action against Aviom India Housing Finance, superseding its board of directors due to governance concerns and defaults in meeting payment obligations. The move follows a recommendation by National Housing Bank. Ram Kumar, former chief GM of Punjab National Bank, has been appointed as the administrator. RBI plans to initiate…
