State Street is reiterating its bullish stance on the artificial intelligence trade despite the Nasdaq’s worst week since April. Chief Business Officer Anna Paglia said momentum stocks still have legs because investors are reluctant to step away from the growth story that’s driven gains all year. “How would you not want to participate in the…
India’s fast-growing Global Capability Centre (GCC) ecosystem — which already employs 1.9 million professionals — is set to create an additional 2.8 to 4 million jobs by FY30, according to a new report by TeamLease. But as expansion accelerates, the study warns, operators will face an increasingly complex regulatory and compliance environment, PTI reported.The report,…
External affairs minister S Jaishankar met US secretary of state Marco Rubio (Photo credit: X/@DrSJaishankar) US secretary of state Marco Rubio expressed condolences over the Red Fort car blast in the national capital, as revealed by external affairs minister S Jaishankar, after the two officials held a meeting.In a post on X, Jaishankar said he…
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The decision aims to facilitate the auctioning of mineral blocks containing caesium, rubidium and zirconium. In a move aimed at boosting the production of critical minerals in the country, PM Narendra Modi-led Union Cabinet on Wednesday approved the rationalization of royalty rates of graphite, caesium, rubidium and circonium minerals. These minerals are critical for green…
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The Export Promotion Mission will consolidate multiple schemes into a single mechanism. (AI image) Prime Minister Narendra Modi-led Union Cabinet on Wednesday approved an Export Promotion Mission (EPM) with an outlook of Rs 25,060 crore. The move assumes significance at a time when India’s exports to the US face a penal 50% tariff. Additionally, the…
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Centrifuge, a real-world asset (RWA) protocol, unveiled Wednesday a tokenization platform designed to help institutions, fintech startups and decentralized finance (DeFi) applications create tokenized financial products faster and more securely. The new platform, dubbed Centrifuge Whitelabel, provides modular infrastructure for creating tokenized versions of assets from private credit and insurance to energy infrastructure and equity,…
