AICTE chairman Prof TG Sitharam | Photo Credit: Siva Saravanan S In a move to integrate Artificial Intelligence (AI) across all streams of technical education, the All India Council for Technical Education (AICTE) has established a committee to explore the lateral expansion of AI and applied AI beyond conventional programmes like BTech in Computer Science. … Read more
Mehul Choksi | Photo Credit: Absconding diamond jeweller Mehul Choksi has been detained in Belgium following an extradition request by Indian probe agencies for his alleged involvement in the Rs 13,000 crore PNB bank loan ‘fraud’ case, official sources said Monday. The action against the diamantaire was taken on Saturday. Sources said that after the … Read more
The dollar will remain the safe haven currency of the world | Photo Credit: PonyWang Donald Trump’s trade policy has drawn two types of comments. One deserves to be rejected and the other requires closer scrutiny. The comments to be rejected are politically inspired, that he is trying to manipulate the financial markets so that … Read more
China’s US-bound exports could find its way into other markets, such as the EU and India | Photo Credit: Rawf8 US President Donald Trump capped his extraordinary tariff antics last week with a move on April 9 to freeze his ‘reciprocal tariff’ order on 56 out of 57 trade partners, for 90 days. China was … Read more
That there is buoyancy and strength in the Indian residential sector and the regulations under the Real Estate (Regulation and Development) Act are working to bring in accountability have been affirmed by US-based private equity firm Blackstone Inc’s acquisition of real estate company Kolte-Patil Developers. It was a transaction that took everyone by surprise. Consolidation … Read more
Proposed amendments are expected to lay down the framework for composite licenses, allowing insurers to offer multiple categories of insurance — life, health and general — under a single license Government is likely to introduce a bill during the monsoon session of Parliament to bring ‘transformative’ reforms to the insurance sector, including raising Foreign Direct … Read more
An artist’s concept shows a ring of hot gas left after a star consumed a planet, in this undated illustration. NASA’s James Webb Space Telescope observed such a ring and also found an expanding cloud of cooler dust enveloping the scene. | Photo Credit: NASA In May 2020, astronomers for the first time observed a … Read more
After witnessing high volatility over the last week, crude oil prices settled marginally lower. The Brent crude oil futures on the Intercontinental Exchange (ICE) ($64.80/barrel) was down 1.2 per cent. Whereas the crude oil futures on the MCX (₹5,302/barrel) lost a marginal 0.2 per cent. Brent futures ($64.80) Brent crude oil futures saw a zig-zag movement … Read more
With gold delivering an 18 per cent CAGR (compounded annual growth rate) in the last three years, many investors have been wondering if they should move a big chunk of their portfolio to gold. If a ‘safe haven’ can deliver an 18 per cent return, why bother to invest in anything else? Especially fixed income … Read more
Last week we said in a worst-case scenario, Nifty can run into a sideways consolidation. That seems to be working out very well. After opening with a wide gapdown, Nifty 50 has recovered almost all the loss last week. As we indicated, the fall last week actually gave a very good buying opportunity. Charts say … Read more