NEW DELHI: India will play a “central role” in shaping both the opportunities and safeguards around advanced artificial intelligence, Anthropic CEO Dario Amodei said on Thursday, as the company announced its India expansion.Anthropic has opened an office in Bengaluru and appointed Irina Ghose as managing director for India. The company also said it has entered…
A research paper at the U.S. Federal Reserve praised the usefulness of prediction markets — specifically looking at Kalshi — in getting a real-time handle on economic policy. “Kalshi’s forecasts for the federal funds rate and [the U.S. Consumer Price Index] provide statistically significant improvements over fed funds futures and professional forecasters, all while providing…
NEW DELHI: The Election Commission on Thursday asked 22 states and Union Territories including Delhi to complete preparatory work related to the Special Intensive Revision (SIR) at the earliest as the exercise is “expected to start from April”.Once the exercise is completed, all states and UTs will be covered.In a letter to the chief electoral…
Check out the companies making the biggest moves in premarket trading: Walmart — The big-box retailer shed 3.7% after its full fiscal year outlook fell short of expectations. Walmart said it anticipates net sales will increase by 3.5% to 4.5% and adjusted earnings per share to range from $2.75 to $2.85. Analysts polled by LSEG…
Stock market today: Benchmark equity indices snapped a three-day winning streak on Thursday, with the Sensex plunging over 1,200 points and the Nifty closing near the 25,450 mark amid a broad-based sell-off triggered by escalating geopolitical tensions between the US and Iran.The 30-share BSE Sensex tumbled 1,236.11 points, or 1.48 per cent, to settle at…
Bitcoin BTC$66,549.45 and ether (ETH) both rose around 0.9% overnight while the broader altcoin market lagged on Thursday. BTC was recently trading at $67,000 following a brief touch of $66,000 on Wednesday. Ether, at $1,970 after bouncing off $1,924, is struggling to break through the psychological $2,000 price level. Volatility has waned since the selloff…
NEW DELHI: The Supreme Court on Thursday raised serious concerns over the growing culture of ‘freebies’ across states , warning that indiscriminate distribution of such benefits could hamper economic development and strain state finances. The top court also cautioned states and asked whether such a culture, without drawing a distinction between the haves and the…
India’s state-owned Bharat Petroleum Corp (BPCL) and private refiner HPCL Mittal Energy Ltd (HMEL) have each bought one million barrels of Venezuelan Merey crude oil, marking BPCL’s first-ever purchase and HMEL’s first in two years, according to Reuters sources on Wednesday. The deals, arranged through trader Vitol, will increase India’s Venezuelan oil imports to at…
Ledn, a crypto lending company, has completed the first asset-backed securities (ABS) deal backed by bitcoin collateral, raising $188 million for crypto credit markets. Asset-backed securities are bonds backed by pools of underlying loans, with investors receiving payments from the cash flows generated by those loans. Bloomberg reported that the bonds are secured by a…
NEW DELHI: The Supreme Court on Thursday pulled up Tamil Nadu electricity board for promising free electricity to consumers irrespective of their financial status.The apex court issued notice to the Centre and others on plea of DMK government which proposes to provide free electricity. A bench led by Chief Justice of India Surya Kant slammed…
