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Driving the news While the political headlines from the Winter Session focused on the usual parliamentary theatrics, Parliament quietly passed a legislative package that fundamentally alters the DNA of your personal finances.In a matter of days, the rules governing how you insure your life, save for retirement, and invest in the market were rewritten. The…
Left- AI generated reperesentative image; Right- Ruchir Sharma (File photo) The global economy has entered a phase where artificial intelligence has become the dominant force shaping growth, markets and policy, with the US now the most exposed to both its promise and its risks, according to economist and investor Ruchir Sharma.“This big factor has out-Trumped…
US stocks were largely steady in early trade on Wednesday as oil prices rebounded from multi-year lows, with energy stocks lending support after President Donald Trump ordered a blockade of all sanctioned oil tankers into Venezuela, according to an AP report.The S&P 500 was up 0.1% in early trading, coming off three straight sessions of…
The proposed $100,000 fee for fresh H-1B workers by Trump could severely impact IT outsourcing and staffing sectors. (AI image) US President Donald Trump’s crackdown on immigration and H-1B visas will hit Indian IT firms, particularly Tata Consultancy Services (TCS) and Infosys, analysis suggests. According to a Bloomberg News study, the impact would be particularly…
Asian shares traded mixed on Wednesday, with strong buying in technology stocks supporting some benchmarks, while oil prices surged more than 1% after US President Donald Trump ordered a blockade of all “sanctioned oil tankers” entering and leaving Venezuela.Trump’s move followed last week’s seizure of an oil tanker off Venezuela’s coast by US forces, an…
US President Donald Trump announced Monday (local time) his plan to classify fentanyl as a “weapon of mass destruction” to strengthen his campaign against drug smuggling.Trump made this announcement in the Oval Office while presenting medals to US troops who patrolled the US-Mexican border.“There’s no doubt that America’s adversaries are trafficking fentanyl into the United…
US President Donald Trump on Monday claimed that the killing of Hollywood actor-director Rob Reiner and his wife Michele Singer Reiner were linked to Reiner’s “massive, unyielding, and incurable” criticism of him. He termed it as a disease known as “TRUMP DERANGEMENT SYNDROME.” Reiner and his wife were found dead at their Brentwood home on…
NEW DELHI: Prime Minister Narendra Modi and United States President Donald Trump held a telephone conversation on Thursday and reviewed the progress of the India–US Comprehensive Global Strategic Partnership. Both leaders expressed satisfaction with the steady strengthening of bilateral cooperation across a broad range of areas.According to an official statement, the two leaders discussed ways…
The US Department of Defense has launched GenAI.mil, a new AI platform powered by Google Cloud’s Gemini for Government, to equip nearly 3 million personnel with advanced capabilities. This initiative aims for AI technological superiority, enabling tasks like policy summarization and risk assessment. The platform ensures secure, unclassified use, with Google guaranteeing data won’t train…
Rupee versus dollar (AI image) The Indian rupee tanked to a fresh record low on Thursday, going past the 90 mark versus the US dollar again. The rupee has been depreciating sharply this year, influenced by ongoing challenges on the India-US trade deal front and increased corporate dollar demands.The rupee declined to 90.4675 versus the…
