The next massive gains in artificial intelligence may come from thousands of miles away. Tim Urbanowicz, chief investment strategist at Innovator from Goldman Sachs Asset Management, is urging investors to look beyond their backyards to the emerging markets. “[It’s] where a lot of the big money can be made on the AI trade,” he told…
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NEW DELHI: Senior Trinamool Congress (TMC) leader Firhad Hakim on Friday resigned as mayor of the Kolkata Municipal Corporation (KMC), citing an “inability to work properly.”He stepped down “with his head held high” after obtaining the consent of Trinamool supremo and former West Bengal chief minister, Mamata Banerjee.At a pre-resignation press conference, the Kolkata Port…
Indian entrepreneurs have emerged as the largest immigrant group behind America’s billion-dollar startup ecosystem, founding or co-founding 96 US unicorns, according to a new study that underscores the growing influence of Indian talent on the world’s biggest innovation economy.The report by the National Foundation for American Policy (NFAP) found that immigrants have founded or co-founded…
The crypto market is teetering on the brink of a major breakdown in price after suffering one of its worst weeks since July 2024. Bitcoin BTC$61,875.23, currently trading around $62,500 has lost more 14.5% since midnight UTC on Monday morning, while ether (ETH) has plunged by more than 17%, dropping 5.5% on Friday alone. Ether,…
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Russian President Vladimir Putin on Thursday expressed confidence that bilateral trade between India and Russia will reach USD 100 billion in the coming years, highlighting growing cooperation in energy, investments and other strategic sectors.Speaking at the St Petersburg International Economic Forum, Putin praised India’s economic growth and described New Delhi as a reliable partner, while…
NEW DELHI: Reserve Bank of India Governor Sanjay Malhotra on Friday said the central bank is considering a proposal to introduce polymer currency notes in India, though the idea remains at a preliminary stage and no final decision has been taken yet.Addressing the media after the Monetary Policy Committee (MPC) meeting, Malhotra said, “Polymer note…
NEW DELHI: When BJP leader J P Nadda had said in 2023 that “regional parties promoting family and corruption are destined to be wiped out”, no one would have thought that his prophecy would turn true so soon.The last three years have seen many regional satraps not just lose power but also lose their clout….
India is projected to surpass China in terms of its share of global GDP measured in purchasing power parity (PPP) by around 2060, as China’s contribution to the world economy is expected to stabilise and decline in the second half of the century, PTI reported citing a report by researchers associated with the World Inequality…
