AI is infiltrating every layer of society, finance included. What began as asking ChatGPT about your deepest money worries has rapidly evolved into agents capable of reasoning, executing and coordinating across markets with minimal human intervention. The pace of change at the intersection of AI and finance is daily, not weekly. Goldman Sachs has warned…
NEW DELHI: National Highways Authority of India (NHAI) on Friday assured highways builders that adequate supplies of fuel, bitumen and other essential inputs would be maintained amid concerns over a likely fall in availability of bitumen and increase in fuel prices.Highway builders, in a meeting with NHAI chairman Santosh Kumar Yadav, flagged that the prolonged…
Federal Reserve Governor Stephen Miran said Friday that the weak February jobs report bolsters the rationale for the central bank to lower interest rates further. Responding to the drop of 92,000 in nonfarm payrolls that the Bureau of Labor Statistics reported Friday, Miran said in a CNBC interview that the Fed should be focusing more…
The United States has said its decision to grant India a temporary waiver to purchase certain Russian oil supplies is a short-term move aimed at stabilising global crude prices amid supply disruptions linked to tensions in the Middle East.US energy secretary Chris Wright said the measure is intended to quickly bring oil stored in floating…
Cracks in the global private credit market are rattling investors, raising concerns the stress could spill into crypto markets. Bloomberg reported Friday that BlackRock’s $26 billion private credit fund has begun limiting withdrawals amid rising redemption requests. The move follows similar stress at Blue Owl, which sold $1.4 billion in loans last month to meet…
NEW DELHI: Chief minister Rekha Gupta on Friday reiterated that there would be no shortage of funds for development works in Delhi, also asserting that laxity will not be tolerated.Gupta chaired a review meeting on road and drainage works approved earlier and directed the departments concerned to complete tendering processes by March end to ensure…
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Indian refiners are currently paying a premium of $2 to $4 per barrel above Dated Brent for deliveries of Russia’s benchmark Urals crude. (AI image) In a quick and immediate fix to the Middle East oil supply shock, Indian refiners have begun purchasing readily available Russian crude oil. With ships and tankers currently not moving…
Strike received a BitLicense and money transmitter license from the New York State Department of Financial Services, clearing the way for the bitcoin BTC$70,108.81 financial services firm to operate in the state. “Receiving our BitLicense is a defining milestone for Strike,” said Jack Mallers, founder and CEO of Strike. “With our BitLicense, we can now…
NEW DELHI: Politics in Bihar has revolved around Jayaprakash Narayan’s disciples —Nitish Kumar and Lalu Yadav — for more than three decades. With Lalu stepping back from active politics and Nitish now opting for a Rajya Sabha seat over the state’s top job, Bihar appears to be entering an unknown phase, with a new face…
