Business
Read the latest business and finance news — Indian and global markets, banking, real estate, automobiles, startups and economic policy on Siasat.com.
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Govt launches digital apps for urban co-op banks
New Delhi: Union Cooperation Minister Amit Shah on Monday launched two mobile applications – Sahakar Digi Pay and Sahakar Digi Loan – for urban cooperative banks, describing digital payment adoption as essential…
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Crude oil futures gain on spot demand
New Delhi: Crude oil prices on Monday rose Rs 55 to Rs 5,364 per barrel in futures trade as participants increased their positions following a firm spot demand. On the Multi Commodity…
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Markets rebound after 3-day fall on firm Asian peers, FII inflows
Mumbai: Equity benchmark indices Sensex and Nifty rebounded in early trade on Monday after sliding for the past three sessions tracking positive trends in Asian markets and buying in blue-chip stocks. Besides,…
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India’s deeptech market to hit USD 30 bn by 2030: Report
New Delhi: India’s deeptech sector is likely to witness exponential growth, with its market opportunity projected to reach USD 30 billion by 2030, driven by defence innovation and a surge in global…
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Govt plans AI-based eKYC, global credential verification in DigiLocker
New Delhi: The Ministry of Electronics and IT on Saturday announced plans for AI-based eKYC and global credential verification in the DigiLocker platform. The platform has evolved from a secure document storage…
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OpenAI sued over ChatGPT’s role in suicides, delusions
New Delhi: ChatGPT maker OpenAI is facing more lawsuits from families who claim that the AI company’s GPT-4o model was released prematurely, which allegedly contributed to suicides and psychological harm, according to…
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Andhra Pradesh SIPB approves investments worth over Rs 1 lakh cr
Amaravati: Andhra Pradesh’s 12th State Investment Promotion Board meeting led by Chief Minister N Chandrababu Naidu on Friday approved investments to the tune of over Rs 1 lakh crore. These approvals spanning…
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Rupee slips 2 paise to Rs 88.65 amid stronger dollar and rising crude
Mumbai: The rupee slipped 2 paise to 88.65 against the US dollar on Friday amid a strong American currency against major crosses overseas and rising crude oil prices. A weak trend in…
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3 Indian banks to be among global top-10 lenders in m-cap by 2030: Setty
Mumbai: SBI’s chairman CS Setty on Friday said the country’s largest state-owned bank and two other private sector lenders will be among the top-10 banks globally by market capitalisation by 2030. Speaking…
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Rupee rises 7 paise to 88.63 vs US dollar amid weak dollar, crude drop
Mumbai: The rupee appreciated 7 paise to 88.63 against the US dollar on Thursday, supported by a weak American currency against major rivals overseas and lower global crude oil prices. However, subdued…
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Asian shares sink after losses for Big Tech pull US stocks lower
Bangkok: Tokyo’s benchmark Nikkei 225 index dipped more than 4 per cent on Wednesday, and other shares in Asia also were mostly lower after a retreat on Wall Street spurred by selling…
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Reliance Group says no impact on business operations due to attachment
New Delhi: Anil Ambani’s Reliance Group on Tuesday said there is no impact on business operations of the group’s listed companies because of the ED’s attachment of Rs 7,500 crore worth of…
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Delhi-Bengaluru Air India flight diverted to Bhopal after technical snag
Bhopal: An Air India flight from Delhi to Bengaluru with 172 persons on board was diverted to Bhopal due to a technical snag and made a safe landing under emergency conditions at…
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ED attaches Rs 3,000 cr assets linked to Anil Ambani, Reliance Group
New Delhi: Assets worth more than Rs 3,000 crore linked to Reliance Group Chairman Anil Ambani, his group companies and linked entities have been attached as part of a money laundering investigation,…
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OpenAI, Amazon sign USD 38B deal for AI computing power
Seattle: OpenAI and Amazon have signed a USD 38 billion deal that enables the ChatGPT maker to run its artificial intelligence systems on Amazon’s cloud computing services. OpenAI will get access to…
