SBI trims FD rates by 10bps after RBI cut

[ad_1] MUMBAI: State Bank of India (SBI), the country’s largest lender, has cut its deposit rates following a 25 basis-point reduction in the Reserve Bank of India’s benchmark rate last week. Lending rates linked to the marginal cost of funds-based lending rate (MCLR), however, remain unchanged, as the bank’s cost of funds has yet to…

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Nvidia to manufacture AI supercomputer chips entirely in US for first time, citing demand and national security

[ad_1] Nvidia on Monday unveiled plans to manufacture its most advanced artificial intelligence supercomputer chips entirely within the United States for the first time, marking a new milestone for the tech giant amid intensifying global trade tensions.According to AFP, the California-based chipmaker will begin producing its top-tier GPUs, known as Blackwell, at TSMC facilities in…

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‘Factually incorrect’: Dr Reddy clears air amid workforce reduction rumors

[ad_1] Hyderabad based pharma giant Dr. Reddy’s laboratories firmly rejected media reports claiming that the company major is slashing workforce related costs by 25 per cent.The company’s response came after media reports surfaced alleging that the drug producer was planning to reduce manpower costs amid margin pressures. Media reported, citing sources, also alleged that high-earning…

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Trump tariff bleed Indian markets: Investors lose Rs 11.3 lakh crore since April 2

[ad_1] Indian investors suffered a massive bloodbath at Dalal street, with the market capitalisation of BSE-listed companies falling by a staggering Rs 11.30 lakh crore since the beginning of April. The downfall was triggered by ongoing tariff concerns fueled by a series of aggressive tariff announcements between the United States and China.Since April 2, the…

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